Partnership For Seniors Inc
Partnership For Seniors Inc: Consistent Revenue, Declining Assets
EIN: 222528863 · Leeds, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $363K |
| Total Expenses | $321K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $-684,078 |
| Transparency Score | 75/100 |
Is Partnership For Seniors Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Partnership For Seniors Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Partnership For Seniors Inc
Partnership For Seniors Inc (EIN: 222528863) is a nonprofit organization based in Leeds, ME. The organization reported total revenue of $363K and total assets of $412K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Partnership For Seniors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Partnership For Seniors Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $342K |
| Total Expenses | $321K |
| Surplus / Deficit | +$20K |
| Total Assets | $434K |
| Total Liabilities | $1.1M |
| Net Assets | $-684,078 |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 257.6% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, Partnership For Seniors Inc reported a surplus of $20K with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 257.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Partnership For Seniors Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | -5.0% | -3.1% |
| 2022 | -1.9% | +9.7% | -4.2% |
| 2021 | +5.0% | -8.3% | -3.6% |
| 2020 | +2.4% | +11.8% | -6.6% |
| 2019 | +1.5% | -3.1% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Partnership For Seniors Inc 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: 70%
- fundraising: 15%
According to IRS 990 filings, Partnership For Seniors Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 257.6%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it falls below the Form 990-EZ reporting threshold for individual compensation over $100,000.
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 Partnership For Seniors Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $567,045 in 2016 to $411,873 in 2023.
- Liabilities have remained relatively high, consistently over $1,100,000, indicating a significant debt burden relative to assets.
Strengths
The following positive indicators were identified for Partnership For Seniors Inc:
- Consistent revenue generation over the past several years, averaging around $300,000-$360,000 annually.
- The organization has maintained a stable operational presence for at least seven years based on available filings.
Frequently Asked Questions about Partnership For Seniors Inc
Is Partnership For Seniors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Partnership For Seniors Inc (EIN: 222528863) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Partnership For Seniors Inc spend its money?
Partnership For Seniors Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Partnership For Seniors Inc tax-deductible?
Partnership For Seniors Inc is registered as a tax-exempt nonprofit (EIN: 222528863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Partnership For Seniors Inc CEO make?
Partnership For Seniors Inc's highest-compensated officer earns $100,000. annually. The organization reported $363K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Partnership For Seniors Inc's spending goes to programs?
Partnership For Seniors Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Partnership For Seniors Inc located?
Partnership For Seniors Inc is headquartered in Leeds, Maine and files with the IRS under EIN 222528863.
How many years of IRS 990 filings does Partnership For Seniors Inc have?
Partnership For Seniors Inc 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 $363K in total revenue.
What does Partnership For Seniors Inc do?
Partnership For Seniors Inc is a nonprofit organization in the Unknown sector, located in Leeds, Maine. It is classified under NTEE code Unknown.
How much revenue does Partnership For Seniors Inc have?
Partnership For Seniors Inc reported total revenue of $362,651. Based on 13 IRS 990 filings on record.
What are Partnership For Seniors Inc's total assets?
Partnership For Seniors Inc holds total assets of $411,873 as reported in IRS 990 filings.
Where is Partnership For Seniors Inc located?
Partnership For Seniors Inc is based in Leeds, Maine.
What is Partnership For Seniors Inc's EIN?
Partnership For Seniors Inc's Employer Identification Number (EIN) is 222528863. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Partnership For Seniors Inc?
Partnership For Seniors Inc is classified under NTEE code Unknown (Unknown).
Is Partnership For Seniors Inc a registered 501(c)(3)?
Partnership For Seniors Inc appears in IRS records (EIN: 222528863). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Partnership For Seniors Inc file IRS Form 990?
Yes, Partnership For Seniors Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Partnership For Seniors Inc's revenue in 2023?
In the 202309 filing period, Partnership For Seniors Inc reported total revenue of $341,711, total expenses of $321,216, and net assets of $434,066.
Is Partnership For Seniors Inc's revenue growing or declining?
Partnership For Seniors Inc's revenue is relatively stable. Revenue went from $330,403 (202209) to $341,711 (202309), a +3.4% change. Based on 13 filings on record.
What is Partnership For Seniors Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Partnership For Seniors Inc covers tax period 202309. It shows revenue of $341,711, expenses of $321,216, total assets of $434,066, and liabilities of $1,118,144.
How much does Partnership For Seniors Inc spend on programs vs administration?
Based on IRS 990 analysis, Partnership For Seniors Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Partnership For Seniors Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Partnership For Seniors Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Partnership For Seniors Inc?
The following concerns were identified: Total assets have shown a consistent decline from $567,045 in 2016 to $411,873 in 2023.. Liabilities have remained relatively high, consistently over $1,100,000, indicating a significant debt burden relative to assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Partnership For Seniors Inc's strengths?
Positive indicators for Partnership For Seniors Inc include: Consistent revenue generation over the past several years, averaging around $300,000-$360,000 annually.. The organization has maintained a stable operational presence for at least seven years based on available filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Partnership For Seniors Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting it falls below the Form 990-EZ reporting threshold for individual compensation over $100,000. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Partnership For Seniors Inc?
• Financial filings are consistently available for review. • The organization's Form 990-EZ is publicly accessible. • Detailed program spending breakdowns are not explicitly itemized in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent revenue and declining assets, what strategies are in place to address the long-term financial stability and asset base of Partnership For Seniors Inc?
The consistent decline in assets from $567,045 in 2016 to $411,873 in 2023, alongside stable revenue, suggests that expenses may be outpacing asset accumulation or that asset depreciation is not being offset by new acquisitions or investments. Further investigation into capital expenditure and investment policies would be necessary.
Filing History
IRS 990 filing history for Partnership For Seniors Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Partnership For Seniors Inc's revenue has grown by 19.1%, moving from $287K to $342K. Total assets decreased by 37.1% over the same period, from $690K to $434K. Total functional expenses rose by 14.7%, from $280K to $321K. In its most recent filing year (2023), Partnership For Seniors Inc reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $434K in assets (debt-to-asset ratio: 257.6%), resulting in net assets of $-684,078.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $342K | $321K | $434K | $1.1M | — | — |
| 2022 | $330K | $338K | $448K | $1.2M | — | View 990 |
| 2021 | $337K | $308K | $468K | $1.2M | — | — |
| 2020 | $321K | $336K | $485K | $1.2M | — | View 990 |
| 2019 | $313K | $301K | $519K | $1.2M | — | View 990 |
| 2018 | $309K | $310K | $530K | $1.3M | — | View 990 |
| 2017 | $306K | $295K | $549K | $1.3M | — | View 990 |
| 2016 | $304K | $299K | $567K | $1.3M | — | View 990 |
| 2015 | $285K | $306K | $584K | $1.3M | — | View 990 |
| 2014 | $290K | $294K | $610K | $1.3M | — | View 990 |
| 2013 | $280K | $302K | $638K | $1.4M | — | View 990 |
| 2012 | $288K | $312K | $660K | $1.4M | — | View 990 |
| 2011 | $287K | $280K | $690K | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $342K, expenses of $321K, and assets of $434K (revenue +3.4% year-over-year).
- 2022: Revenue of $330K, expenses of $338K, and assets of $448K (revenue -1.9% year-over-year).
- 2021: Revenue of $337K, expenses of $308K, and assets of $468K (revenue +5.0% year-over-year).
- 2020: Revenue of $321K, expenses of $336K, and assets of $485K (revenue +2.4% year-over-year).
- 2019: Revenue of $313K, expenses of $301K, and assets of $519K (revenue +1.5% year-over-year).
- 2018: Revenue of $309K, expenses of $310K, and assets of $530K (revenue +1.0% year-over-year).
- 2017: Revenue of $306K, expenses of $295K, and assets of $549K (revenue +0.5% year-over-year).
- 2016: Revenue of $304K, expenses of $299K, and assets of $567K (revenue +6.6% year-over-year).
- 2015: Revenue of $285K, expenses of $306K, and assets of $584K (revenue -1.7% year-over-year).
- 2014: Revenue of $290K, expenses of $294K, and assets of $610K (revenue +3.7% year-over-year).
- 2013: Revenue of $280K, expenses of $302K, and assets of $638K (revenue -2.6% year-over-year).
- 2012: Revenue of $288K, expenses of $312K, and assets of $660K (revenue +0.2% year-over-year).
- 2011: Revenue of $287K, expenses of $280K, and assets of $690K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Partnership For Seniors Inc:
Data Sources and Methodology
This transparency report for Partnership For Seniors Inc 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.