Old Orchard Beach Chamber Of Commerce

Old Orchard Beach Chamber Of Commerce consistently operates with revenues and expenses closely matched, occasionally incurring deficits.

EIN: 10212181 · Old Orchd Bch, ME · Updated: 2026-03-28

$253KRevenue

$381KAssets

75/100Mission Score (Good)

About Old Orchard Beach Chamber Of Commerce

Old Orchard Beach Chamber Of Commerce (EIN: 10212181) is a nonprofit organization based in Old Orchd Bch, ME. The organization reported total revenue of $253K and total assets of $381K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Orchard Beach Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Old Orchard Beach Chamber Of Commerce demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. For instance, in 2023, the organization reported revenues of $208,320 against expenses of $256,530, indicating a deficit for that year. This trend of expenses sometimes exceeding revenue is observed in several periods, such as 2022 ($235,096 revenue vs. $250,914 expenses) and 2019 ($270,807 revenue vs. $300,790 expenses). While the organization maintains a healthy asset base, reaching $380,743 in the latest period, its liabilities have also been significant, often representing a large portion of its assets, for example, $263,612 in liabilities against $287,633 in assets in 2023. This suggests a reliance on debt or short-term obligations.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operation within a relatively stable financial range suggests a managed approach to its budget. The absence of reported officer compensation across all filings indicates a potential for volunteer leadership or that compensation falls below reporting thresholds, which can be a positive sign for resource allocation. Transparency is generally good given the consistent filing of IRS Form 990s over 15 periods, providing a long-term view of its financial operations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Old Orchard Beach Chamber Of Commerce with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Old Orchard Beach Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

No officer compensation has been reported across all available filings, suggesting that executive leadership may be volunteer-based or compensated below IRS reporting thresholds, which is positive for resource allocation relative to the organization's size.

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 Old Orchard Beach Chamber Of Commerce's IRS 990 filings:

Frequent annual operating deficits (e.g., $208,320 revenue vs. $256,530 expenses in 2023)
High liabilities relative to assets in some periods (e.g., $263,612 liabilities vs. $287,633 assets in 2023)

Strengths

The following positive indicators were identified for Old Orchard Beach Chamber Of Commerce:

Consistent IRS 990 filing history over 15 periods, indicating good transparency
No reported officer compensation, suggesting efficient use of funds or volunteer leadership
Maintains a healthy asset base (e.g., $380,743 latest assets)
Long operational history with stable revenue levels

Frequently Asked Questions about Old Orchard Beach Chamber Of Commerce

Is Old Orchard Beach Chamber Of Commerce financially stable?

The organization shows moderate financial stability. While it has consistently operated for many years and maintains a healthy asset base (e.g., $380,743 latest assets), it frequently incurs annual deficits (e.g., $208,320 revenue vs. $256,530 expenses in 2023) and carries significant liabilities (e.g., $263,612 in 2023).

How does the organization manage its expenses relative to its revenue?

Expenses often closely match or slightly exceed revenue, leading to occasional operating deficits. For example, in 2023, expenses were $48,210 higher than revenue, and in 2022, expenses were $15,818 higher. This suggests a tight budget management where revenue generation is critical to cover costs.

What is the trend in the organization's assets and liabilities?

Assets have fluctuated but generally remained strong, peaking at $446,222 in 2020 and currently at $380,743. Liabilities have also been substantial, often representing a large portion of assets, such as $263,612 in liabilities against $287,633 in assets in 2023, indicating a reliance on debt or short-term obligations.

Filing History

IRS 990 filing history for Old Orchard Beach Chamber Of Commerce showing financial trends over 15 years of public records:

Over 15 years of IRS 990 filings (2009–2023), Old Orchard Beach Chamber Of Commerce's revenue has declined by 16.3%, moving from $249K to $208K. Total assets decreased by 23.2% over the same period, from $374K to $288K. Total functional expenses fell by 2.3%, from $263K to $257K. In its most recent filing year (2023), Old Orchard Beach Chamber Of Commerce reported a deficit of $48K, with expenses exceeding revenue. The organization holds $264K in liabilities against $288K in assets (debt-to-asset ratio: 91.6%), resulting in net assets of $24K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$208K	$257K	$288K	$264K	—	—
2022	$235K	$251K	$328K	$266K	—	View 990
2021	$255K	$257K	$345K	$268K	—	View 990
2020	$203K	$227K	$446K	$368K	—	View 990
2019	$271K	$301K	$341K	$238K	—	—
2018	$293K	$297K	$371K	$239K	—	View 990
2017	$300K	$280K	$322K	$185K	—	View 990
2016	$280K	$257K	$317K	$201K	—	View 990
2015	$246K	$232K	$305K	$213K	—	View 990
2014	$224K	$225K	$297K	$218K	—	View 990
2013	$231K	$255K	$298K	$218K	—	View 990
2012	$219K	$240K	$326K	$222K	—	View 990
2011	$213K	$247K	$346K	$221K	—	View 990
2010	$252K	$247K	$367K	$209K	—	View 990
2009	$249K	$263K	$374K	$221K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $208K, expenses of $257K, and assets of $288K (revenue -11.4% year-over-year).
2022: Revenue of $235K, expenses of $251K, and assets of $328K (revenue -8.0% year-over-year).
2021: Revenue of $255K, expenses of $257K, and assets of $345K (revenue +25.8% year-over-year).
2020: Revenue of $203K, expenses of $227K, and assets of $446K (revenue -25.0% year-over-year).
2019: Revenue of $271K, expenses of $301K, and assets of $341K (revenue -7.5% year-over-year).
2018: Revenue of $293K, expenses of $297K, and assets of $371K (revenue -2.5% year-over-year).
2017: Revenue of $300K, expenses of $280K, and assets of $322K (revenue +7.2% year-over-year).
2016: Revenue of $280K, expenses of $257K, and assets of $317K (revenue +13.9% year-over-year).
2015: Revenue of $246K, expenses of $232K, and assets of $305K (revenue +10.0% year-over-year).
2014: Revenue of $224K, expenses of $225K, and assets of $297K (revenue -3.4% year-over-year).
2013: Revenue of $231K, expenses of $255K, and assets of $298K (revenue +5.7% year-over-year).
2012: Revenue of $219K, expenses of $240K, and assets of $326K (revenue +2.7% year-over-year).
2011: Revenue of $213K, expenses of $247K, and assets of $346K (revenue -15.3% year-over-year).
2010: Revenue of $252K, expenses of $247K, and assets of $367K (revenue +1.1% year-over-year).
2009: Revenue of $249K, expenses of $263K, and assets of $374K.

Data Sources and Methodology

This transparency report for Old Orchard Beach Chamber Of Commerce 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.