Northern Maine Fair Association
Northern Maine Fair Association operates with volunteer leadership and fluctuating event-driven revenues.
EIN: 10191550 · Presque Isle, ME · NTEE: N52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $374K |
| Total Expenses | $272K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $343K |
| Transparency Score | 85/100 |
Is Northern Maine Fair Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern Maine Fair Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Maine Fair Association
Northern Maine Fair Association (EIN: 10191550) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code N52. The organization reported total revenue of $374K and total assets of $640K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Maine Fair Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Maine Fair Association is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $272K |
| Surplus / Deficit | $-30,797 |
| Total Assets | $361K |
| Total Liabilities | $17K |
| Net Assets | $343K |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 4.9% |
| Months of Reserves | 15.9 months |
Financial Health Grade: B
In 2023, Northern Maine Fair Association reported a deficit of $31K with expenses exceeding revenue, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northern Maine Fair Association's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.1% | +5.4% | -10.9% |
| 2022 | +62.8% | +46.3% | -6.4% |
| 2021 | +160.6% | +178.7% | +5.5% |
| 2020 | -83.5% | -88.3% | -8.9% |
| 2019 | -11.1% | -13.6% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Northern Maine Fair Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Northern Maine Fair Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with annual revenues often exceeding $300,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Northern Maine Fair Association's IRS 990 filings:
- Fluctuating annual revenues and expenses, which could indicate reliance on unpredictable event success.
Strengths
The following positive indicators were identified for Northern Maine Fair Association:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven and efficient leadership.
- Assets consistently exceed liabilities, demonstrating financial solvency (e.g., 2023: $360,576 assets vs. $17,489 liabilities).
- Long history of IRS 990 filings (13 filings), indicating strong commitment to transparency and compliance.
- Strong recovery in revenue post-2020, with 2022 revenue at $382,942, showing resilience.
Frequently Asked Questions about Northern Maine Fair Association
Is Northern Maine Fair Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Maine Fair Association (EIN: 10191550) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Northern Maine Fair Association spend its money?
Northern Maine Fair Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northern Maine Fair Association tax-deductible?
Northern Maine Fair Association is registered as a tax-exempt nonprofit (EIN: 10191550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northern Maine Fair Association CEO make?
Northern Maine Fair Association's highest-compensated officer earns $300,000. annually. The organization reported $374K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Northern Maine Fair Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Northern Maine Fair Association is above average for NTEE category N52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Maine Fair Association located?
Northern Maine Fair Association is headquartered in Presque Isle, Maine and files with the IRS under EIN 10191550. It is classified under NTEE code N52.
How many years of IRS 990 filings does Northern Maine Fair Association have?
Northern Maine Fair Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $374K in total revenue.
Is the Northern Maine Fair Association financially stable?
Yes, the association appears financially stable. Despite year-to-year fluctuations in revenue and expenses, its assets consistently outweigh liabilities, as seen in 2023 with $360,576 in assets against $17,489 in liabilities, indicating a healthy balance sheet.
Does the Northern Maine Fair Association pay its executives?
No, the Northern Maine Fair Association consistently reports 0% officer compensation across all 13 available filings, indicating a volunteer-led organization.
How has the organization's revenue trended over time?
The organization's revenue has fluctuated significantly, ranging from a low of $90,283 in 2020 (likely due to pandemic impacts) to a high of $616,075 in 2018, reflecting the event-driven nature of its operations.
Filing History
IRS 990 filing history for Northern Maine Fair Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northern Maine Fair Association's revenue has declined by 44.2%, moving from $431K to $241K. Total assets decreased by 34.8% over the same period, from $553K to $361K. Total functional expenses fell by 33.2%, from $407K to $272K. In its most recent filing year (2023), Northern Maine Fair Association reported a deficit of $31K, with expenses exceeding revenue. The organization holds $17K in liabilities against $361K in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $343K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $272K | $361K | $17K | — | View 990 |
| 2022 | $383K | $258K | $405K | $31K | — | View 990 |
| 2021 | $235K | $176K | $433K | $128K | — | View 990 |
| 2020 | $90K | $63K | $410K | $165K | — | View 990 |
| 2019 | $548K | $541K | $450K | $232K | — | View 990 |
| 2018 | $616K | $626K | $403K | $192K | — | View 990 |
| 2017 | $599K | $622K | $394K | $173K | — | View 990 |
| 2016 | $390K | $394K | $392K | $148K | — | View 990 |
| 2015 | $388K | $406K | $425K | $164K | — | View 990 |
| 2014 | $393K | $422K | $437K | $157K | — | View 990 |
| 2013 | $412K | $434K | $501K | $192K | — | View 990 |
| 2012 | $415K | $442K | $513K | $181K | — | View 990 |
| 2011 | $431K | $407K | $553K | $194K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $272K, and assets of $361K (revenue -37.1% year-over-year).
- 2022: Revenue of $383K, expenses of $258K, and assets of $405K (revenue +62.8% year-over-year).
- 2021: Revenue of $235K, expenses of $176K, and assets of $433K (revenue +160.6% year-over-year).
- 2020: Revenue of $90K, expenses of $63K, and assets of $410K (revenue -83.5% year-over-year).
- 2019: Revenue of $548K, expenses of $541K, and assets of $450K (revenue -11.1% year-over-year).
- 2018: Revenue of $616K, expenses of $626K, and assets of $403K (revenue +2.8% year-over-year).
- 2017: Revenue of $599K, expenses of $622K, and assets of $394K (revenue +53.8% year-over-year).
- 2016: Revenue of $390K, expenses of $394K, and assets of $392K (revenue +0.5% year-over-year).
- 2015: Revenue of $388K, expenses of $406K, and assets of $425K (revenue -1.3% year-over-year).
- 2014: Revenue of $393K, expenses of $422K, and assets of $437K (revenue -4.7% year-over-year).
- 2013: Revenue of $412K, expenses of $434K, and assets of $501K (revenue -0.8% year-over-year).
- 2012: Revenue of $415K, expenses of $442K, and assets of $513K (revenue -3.7% year-over-year).
- 2011: Revenue of $431K, expenses of $407K, and assets of $553K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Maine Fair Association:
Data Sources and Methodology
This transparency report for Northern Maine Fair Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.