Parents Alternative To Latchkey

Parents Alternative To Latchkey experienced significant revenue growth after a deficit in 2020.

EIN: 10447337 · York, ME · NTEE: P33 · Updated: 2026-03-28

$383KRevenue

$74KAssets

75/100Mission Score (Good)

P33

About Parents Alternative To Latchkey

Parents Alternative To Latchkey (EIN: 10447337) is a nonprofit organization based in York, ME, classified under NTEE code P33. The organization reported total revenue of $383K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parents Alternative To Latchkey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Parents Alternative To Latchkey (PATL) appears to be a small but growing organization based on its latest available financial data. In the 2020 fiscal period, the organization reported revenues of $84,522 against expenses of $94,154, indicating a deficit for that year. However, more recent data shows a significant increase in revenue to $382,754 and assets to $74,089, suggesting a period of substantial growth and improved financial standing. The organization's officer compensation was reported as 0% in 2020, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. While the 2020 filing shows a net loss, the subsequent revenue growth is a strong positive sign for its financial health. Further detailed breakdowns of recent expenses would be needed to fully assess spending efficiency beyond the 2020 data.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Parents Alternative To Latchkey 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Parents Alternative To Latchkey allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

In the 2020 filing, officer compensation was reported as 0%, indicating that no salaries were paid to officers, which is common for very small or volunteer-led organizations and suggests resources are directed elsewhere.

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 Parents Alternative To Latchkey's IRS 990 filings:

Deficit spending in 2020 ($94,154 expenses vs. $84,522 revenue)

Strengths

The following positive indicators were identified for Parents Alternative To Latchkey:

Significant revenue growth from $84,522 (2020) to $382,754 (latest)
Zero officer compensation reported in 2020, indicating efficient use of funds for mission
Substantial asset growth from $14,179 (2020) to $74,089 (latest)

Frequently Asked Questions about Parents Alternative To Latchkey

Is Parents Alternative To Latchkey financially stable given the 2020 deficit?

While Parents Alternative To Latchkey reported a deficit in 2020 with expenses exceeding revenue ($94,154 vs. $84,522), its latest reported revenue of $382,754 suggests a significant turnaround and improved financial stability since that period.

How does Parents Alternative To Latchkey's asset growth compare to its revenue growth?

Parents Alternative To Latchkey's assets grew from $14,179 in 2020 to $74,089 currently, while revenue increased from $84,522 to $382,754. Both show substantial growth, indicating a healthy expansion of the organization's financial base.

Filing History

IRS 990 filing history for Parents Alternative To Latchkey showing financial trends over 1 year of public records:

In its most recent filing year (2020), Parents Alternative To Latchkey reported a deficit of $10K, with expenses exceeding revenue. The organization holds $393 in liabilities against $14K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $14K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$85K	$94K	$14K	$393	—	—

Data Sources and Methodology

This transparency report for Parents Alternative To Latchkey 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.