Pen Bay Waldo Healthcare Foundation
Pen Bay Waldo Healthcare Foundation: Declining Revenue, Minimal Program Spending
EIN: 222482325 · Belfast, ME · NTEE: E30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $44K |
| Net Assets | $1.6M |
| Transparency Score | 40/100 |
Is Pen Bay Waldo Healthcare Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pen Bay Waldo Healthcare Foundation
Pen Bay Waldo Healthcare Foundation (EIN: 222482325) is a nonprofit organization based in Belfast, ME, classified under NTEE code E30Z. The organization reported total revenue of $1.3M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pen Bay Waldo Healthcare Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pen Bay Waldo Healthcare Foundation is a mid-size nonprofit that has been operating for 37 years, with 8 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -13.0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $304K |
| Total Expenses | $44K |
| Surplus / Deficit | +$260K |
| Total Assets | $1.8M |
| Total Liabilities | $188K |
| Net Assets | $1.6M |
| Operating Margin | 85.5% |
| Debt-to-Asset Ratio | 10.4% |
| Months of Reserves | 491.5 months |
Financial Health Grade: A
In 2017, Pen Bay Waldo Healthcare Foundation reported a surplus of $260K with revenue exceeding expenses, holds 491.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.4% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2017), Pen Bay Waldo Healthcare Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -22.0% | -8.3% | -37.2% |
| 2016 | +280.0% | +51.4% | -13.5% |
| 2015 | -87.1% | -90.7% | -29.5% |
| 2014 | -66.1% | +99.0% | -10.1% |
| 2013 | +793.1% | -20.8% | +43.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Pen Bay Waldo Healthcare Foundation with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Pen Bay Waldo Healthcare Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $260K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.4%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, making a direct assessment impossible.
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 Pen Bay Waldo Healthcare Foundation's IRS 990 filings:
- Consistent 0% program spending raises questions about direct charitable impact.
- Significant decline in revenue over recent years suggests potential operational challenges.
- Lack of reported executive compensation prevents full financial transparency assessment.
Strengths
The following positive indicators were identified for Pen Bay Waldo Healthcare Foundation:
- Consistently low reported fundraising costs (0%) indicate efficient fundraising if programs were active.
Frequently Asked Questions about Pen Bay Waldo Healthcare Foundation
Is Pen Bay Waldo Healthcare Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pen Bay Waldo Healthcare Foundation (EIN: 222482325) significant concerns. Mission Score: 40/100. 3 red flags identified, 1 strength noted.
How does Pen Bay Waldo Healthcare Foundation spend its money?
Detailed spending breakdown data is not yet available for Pen Bay Waldo Healthcare Foundation. Check back for updated IRS 990 analysis.
Are donations to Pen Bay Waldo Healthcare Foundation tax-deductible?
Pen Bay Waldo Healthcare Foundation is registered as a tax-exempt nonprofit (EIN: 222482325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Pen Bay Waldo Healthcare Foundation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Pen Bay Waldo Healthcare Foundation is near average for NTEE category E30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pen Bay Waldo Healthcare Foundation located?
Pen Bay Waldo Healthcare Foundation is headquartered in Belfast, Maine and files with the IRS under EIN 222482325. It is classified under NTEE code E30Z.
How many years of IRS 990 filings does Pen Bay Waldo Healthcare Foundation have?
Pen Bay Waldo Healthcare Foundation has 8 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 $1.3M in total revenue.
What does Pen Bay Waldo Healthcare Foundation do?
Pen Bay Waldo Healthcare Foundation is a nonprofit organization in the Health Care sector, located in Belfast, Maine. It is classified under NTEE code E30Z.
How much revenue does Pen Bay Waldo Healthcare Foundation have?
Pen Bay Waldo Healthcare Foundation reported total revenue of $1,275,988. Based on 8 IRS 990 filings on record.
What are Pen Bay Waldo Healthcare Foundation's total assets?
Pen Bay Waldo Healthcare Foundation holds total assets of N/A as reported in IRS 990 filings.
Where is Pen Bay Waldo Healthcare Foundation located?
Pen Bay Waldo Healthcare Foundation is based in Belfast, Maine.
What is Pen Bay Waldo Healthcare Foundation's EIN?
Pen Bay Waldo Healthcare Foundation's Employer Identification Number (EIN) is 222482325. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pen Bay Waldo Healthcare Foundation?
Pen Bay Waldo Healthcare Foundation is classified under NTEE code E30Z (Health Care).
Is Pen Bay Waldo Healthcare Foundation a registered 501(c)(3)?
Yes, Pen Bay Waldo Healthcare Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222482325.
Does Pen Bay Waldo Healthcare Foundation file IRS Form 990?
Yes, Pen Bay Waldo Healthcare Foundation has 8 IRS Form 990 filings on record. The most recent covers tax period 201709.
What was Pen Bay Waldo Healthcare Foundation's revenue in 2017?
In the 201709 filing period, Pen Bay Waldo Healthcare Foundation reported total revenue of $303,844, total expenses of $44,180, and net assets of $1,809,490.
Is Pen Bay Waldo Healthcare Foundation's revenue growing or declining?
Pen Bay Waldo Healthcare Foundation's revenue is declining. Revenue went from $389,530 (201609) to $303,844 (201709), a -22.0% change. Based on 8 filings on record.
What is Pen Bay Waldo Healthcare Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Pen Bay Waldo Healthcare Foundation covers tax period 201709. It shows revenue of $303,844, expenses of $44,180, total assets of $1,809,490, and liabilities of $187,506.
Is Pen Bay Waldo Healthcare Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Pen Bay Waldo Healthcare Foundation shows mixed signals. Mission Score: 40/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Pen Bay Waldo Healthcare Foundation?
The following concerns were identified: Consistent 0% program spending raises questions about direct charitable impact.. Significant decline in revenue over recent years suggests potential operational challenges.. Lack of reported executive compensation prevents full financial transparency assessment.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pen Bay Waldo Healthcare Foundation's strengths?
Positive indicators for Pen Bay Waldo Healthcare Foundation include: Consistently low reported fundraising costs (0%) indicate efficient fundraising if programs were active.. These findings are derived from AI analysis of the organization's financial filings.
How does Pen Bay Waldo Healthcare Foundation compensate executives?
Executive compensation is not reported in the provided data, making a direct assessment impossible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending, what is the primary charitable activity or purpose of the Pen Bay Waldo Healthcare Foundation?
Based on the provided data, the foundation's financial filings indicate no direct program spending, suggesting its primary activities may not involve direct charitable programs as typically defined, or that its role is purely administrative or asset holding for a related entity.
Filing History
IRS 990 filing history for Pen Bay Waldo Healthcare Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2017), Pen Bay Waldo Healthcare Foundation's revenue has declined by 56.5%, moving from $699K to $304K. Total assets decreased by 54.7% over the same period, from $4.0M to $1.8M. Total functional expenses fell by 81.4%, from $238K to $44K. In its most recent filing year (2017), Pen Bay Waldo Healthcare Foundation reported a surplus of $260K, with revenue exceeding expenses. The organization holds $188K in liabilities against $1.8M in assets (debt-to-asset ratio: 10.4%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $304K | $44K | $1.8M | $188K | — | View 990 |
| 2016 | $390K | $48K | $2.9M | $117K | — | View 990 |
| 2015 | $102K | $32K | $3.3M | $29K | — | View 990 |
| 2014 | $795K | $344K | $4.7M | $233K | — | View 990 |
| 2013 | $2.3M | $173K | $5.2M | $34K | — | View 990 |
| 2012 | $263K | $218K | $3.7M | $36K | — | View 990 |
| 2011 | $709K | $106K | $4.4M | $10K | — | View 990 |
| 2011 | $699K | $238K | $4.0M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $304K, expenses of $44K, and assets of $1.8M (revenue -22.0% year-over-year).
- 2016: Revenue of $390K, expenses of $48K, and assets of $2.9M (revenue +280.0% year-over-year).
- 2015: Revenue of $102K, expenses of $32K, and assets of $3.3M (revenue -87.1% year-over-year).
- 2014: Revenue of $795K, expenses of $344K, and assets of $4.7M (revenue -66.1% year-over-year).
- 2013: Revenue of $2.3M, expenses of $173K, and assets of $5.2M (revenue +793.1% year-over-year).
- 2012: Revenue of $263K, expenses of $218K, and assets of $3.7M (revenue -62.9% year-over-year).
- 2011: Revenue of $709K, expenses of $106K, and assets of $4.4M (revenue +1.4% year-over-year).
- 2011: Revenue of $699K, expenses of $238K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pen Bay Waldo Healthcare Foundation:
Data Sources and Methodology
This transparency report for Pen Bay Waldo Healthcare Foundation 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.