Northern New England Center For Financial Training
Northern New England Center For Financial Training consistently operates near break-even with no reported officer compensation.
EIN: 10511583 · Springvale, ME · NTEE: B60 · Updated: 2026-03-28
Is Northern New England Center For Financial Training Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern New England Center For Financial Training directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern New England Center For Financial Training
Northern New England Center For Financial Training (EIN: 10511583) is a nonprofit organization based in Springvale, ME, classified under NTEE code B60. The organization reported total revenue of $421K and total assets of $329K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern New England Center For Financial Training's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Northern New England Center For Financial Training 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 New England Center For Financial Training 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation on the IRS 990, which is highly favorable for resource allocation.
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 New England Center For Financial Training's IRS 990 filings:
- Fluctuating asset and liability levels, requiring ongoing monitoring.
Strengths
The following positive indicators were identified for Northern New England Center For Financial Training:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Expenses generally align with revenue, suggesting responsible financial management.
- Long filing history (14 filings) indicates sustained operation and transparency.
- Strong program focus implied by lack of executive compensation overhead.
Frequently Asked Questions about Northern New England Center For Financial Training
Is Northern New England Center For Financial Training a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern New England Center For Financial Training (EIN: 10511583) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Northern New England Center For Financial Training spend its money?
Northern New England Center For Financial Training directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northern New England Center For Financial Training tax-deductible?
Northern New England Center For Financial Training is registered as a tax-exempt nonprofit (EIN: 10511583). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Northern New England Center For Financial Training a good charity?
Based on the available IRS 990 data, the organization appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its expenses generally align with its revenues, suggesting responsible financial management.
How does the organization manage its executive compensation?
The organization reports 0% officer compensation in all provided filings, which is a very positive indicator of efficient resource allocation and a potential reliance on volunteer leadership or alternative compensation structures.
What is the trend in the organization's assets?
The organization's assets have shown significant fluctuation, increasing from $103,870 in 2019 to a peak of $465,470 in 2023, before decreasing to $310,765 in 2024. This indicates active management of its financial resources.
Does the organization spend more than it earns?
The organization has periods where expenses slightly exceed revenue, such as in 2024 ($409,405 expenses vs. $405,487 revenue) and 2021 ($417,702 expenses vs. $389,873 revenue). However, these deficits are generally small and do not indicate a chronic issue, as other years show surpluses.
Filing History
IRS 990 filing history for Northern New England Center For Financial Training showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Northern New England Center For Financial Training's revenue has declined by 37.4%, moving from $648K to $405K. Total assets increased by 493% over the same period, from $52K to $311K. Total functional expenses fell by 35.8%, from $638K to $409K. In its most recent filing year (2024), Northern New England Center For Financial Training reported a deficit of $4K, with expenses exceeding revenue. The organization holds $2K in liabilities against $311K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $308K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $405K | $409K | $311K | $2K | — | — |
| 2023 | $474K | $390K | $465K | $153K | — | View 990 |
| 2022 | $502K | $425K | $384K | $156K | — | View 990 |
| 2021 | $390K | $418K | $316K | $196K | — | — |
| 2020 | $583K | $522K | $330K | $182K | — | View 990 |
| 2019 | $583K | $574K | $104K | $1K | — | View 990 |
| 2018 | $540K | $560K | $121K | $28K | — | View 990 |
| 2017 | $576K | $582K | $117K | $7K | — | View 990 |
| 2016 | $624K | $620K | $103K | $11K | — | View 990 |
| 2015 | $611K | $596K | $88K | $0 | — | View 990 |
| 2014 | $755K | $748K | $73K | $331 | — | View 990 |
| 2013 | $770K | $754K | $118K | $52K | — | View 990 |
| 2012 | $688K | $686K | $52K | $2K | — | View 990 |
| 2011 | $648K | $638K | $52K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $405K, expenses of $409K, and assets of $311K (revenue -14.5% year-over-year).
- 2023: Revenue of $474K, expenses of $390K, and assets of $465K (revenue -5.6% year-over-year).
- 2022: Revenue of $502K, expenses of $425K, and assets of $384K (revenue +28.8% year-over-year).
- 2021: Revenue of $390K, expenses of $418K, and assets of $316K (revenue -33.2% year-over-year).
- 2020: Revenue of $583K, expenses of $522K, and assets of $330K (revenue +-0.0% year-over-year).
- 2019: Revenue of $583K, expenses of $574K, and assets of $104K (revenue +8.0% year-over-year).
- 2018: Revenue of $540K, expenses of $560K, and assets of $121K (revenue -6.2% year-over-year).
- 2017: Revenue of $576K, expenses of $582K, and assets of $117K (revenue -7.7% year-over-year).
- 2016: Revenue of $624K, expenses of $620K, and assets of $103K (revenue +2.1% year-over-year).
- 2015: Revenue of $611K, expenses of $596K, and assets of $88K (revenue -19.0% year-over-year).
- 2014: Revenue of $755K, expenses of $748K, and assets of $73K (revenue -2.0% year-over-year).
- 2013: Revenue of $770K, expenses of $754K, and assets of $118K (revenue +12.0% year-over-year).
- 2012: Revenue of $688K, expenses of $686K, and assets of $52K (revenue +6.1% year-over-year).
- 2011: Revenue of $648K, expenses of $638K, and assets of $52K.
Data Sources and Methodology
This transparency report for Northern New England Center For Financial Training 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.