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
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Northern New England Center For Financial Training is mapped to EIN 10511583.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $409K |
| Program Spending | 90% |
| Net Assets | $308K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Northern New England Center For Financial Training Form 990, Revenue, CEO Pay, and IRS Filing Signals
Northern New England Center For Financial Training is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Northern New England Center For Financial Training in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $405K and expenses of $409K.
Revenue and Expenses
Northern New England Center For Financial Training reported $405K in revenue and $409K in expenses, a deficit of $4K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $368K (90%) |
Across stored filings, Northern New England Center For Financial Training shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Education context |
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Springvale, ME nonprofitsEducation in Maine
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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.
Organization Overview
Northern New England Center For Financial Training is a small nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $405K |
| Total Expenses | $409K |
| Surplus / Deficit | $-3,918 |
| Total Assets | $311K |
| Total Liabilities | $2K |
| Net Assets | $308K |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 9.1 months |
Financial Health Grade: B
In 2024, Northern New England Center For Financial Training reported a deficit of $4K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Northern New England Center For Financial Training's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -14.5% | +5.1% | -33.2% |
| 2023 | -5.6% | -8.3% | +21.2% |
| 2022 | +28.8% | +1.8% | +21.6% |
| 2021 | -33.2% | -19.9% | -4.2% |
| 2020 | +-0.0% | -9.1% | +217.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
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?
Northern New England Center For Financial Training (EIN: 10511583) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $421K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
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. This exceeds the 65% industry benchmark.
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.
How does Northern New England Center For Financial Training compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Northern New England Center For Financial Training is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern New England Center For Financial Training located?
Northern New England Center For Financial Training is headquartered in Springvale, Maine and files with the IRS under EIN 10511583. It is classified under NTEE code B60.
How many years of IRS 990 filings does Northern New England Center For Financial Training have?
Northern New England Center For Financial Training has 14 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 $421K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern New England Center For Financial Training:
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.