Penobscot Bay Ymca
Penobscot Bay YMCA shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 10211813 · Rockport, ME · NTEE: P270 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $5.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $11.7M |
| Transparency Score | 85/100 |
Is Penobscot Bay Ymca Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot Bay Ymca directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penobscot Bay Ymca
Penobscot Bay Ymca (EIN: 10211813) is a nonprofit organization based in Rockport, ME, classified under NTEE code P270. The organization reported total revenue of $5.3M and total assets of $13.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penobscot Bay Ymca's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot Bay Ymca is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $5.4M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $13.0M |
| Total Liabilities | $1.3M |
| Net Assets | $11.7M |
| Operating Margin | 18.4% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 28.8 months |
Financial Health Grade: A
In 2023, Penobscot Bay Ymca reported a surplus of $1.2M with revenue exceeding expenses, holds 28.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Penobscot Bay Ymca's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.4% | +15.0% | +13.6% |
| 2022 | +27.2% | +14.3% | -2.1% |
| 2021 | +10.6% | +0.5% | +2.6% |
| 2020 | -26.3% | -21.8% | +4.8% |
| 2019 | +0.9% | -2.3% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Penobscot Bay Ymca 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: 85%
- fundraising: 5%
According to IRS 990 filings, Penobscot Bay Ymca allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
Executive Compensation Analysis
The Penobscot Bay YMCA consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $6 million. This suggests executive compensation may be categorized under other expense lines or is exceptionally low, warranting further inquiry for full transparency.
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 Penobscot Bay Ymca's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly atypical for an organization of this size and revenue, potentially obscuring executive pay details.
Strengths
The following positive indicators were identified for Penobscot Bay Ymca:
- Strong revenue growth, increasing from $3.8 million in 2020 to $6.6 million in 2023, indicating financial recovery and expansion.
- Consistent asset growth, reaching over $13 million in 2023, demonstrating a solid financial foundation.
- Positive net income in recent years, with 2023 revenue exceeding expenses by over $1.2 million, indicating financial health.
- Manageable liabilities relative to assets, with a liability-to-asset ratio of approximately 10% in 2023, suggesting good solvency.
Frequently Asked Questions about Penobscot Bay Ymca
Is Penobscot Bay Ymca a legitimate charity?
Penobscot Bay Ymca (EIN: 10211813) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Penobscot Bay Ymca spend its money?
Penobscot Bay Ymca directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Penobscot Bay Ymca tax-deductible?
Penobscot Bay Ymca is registered as a tax-exempt nonprofit (EIN: 10211813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Penobscot Bay Ymca CEO make?
Penobscot Bay Ymca's highest-compensated officer earns $6 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Penobscot Bay Ymca's spending goes to programs?
Penobscot Bay Ymca directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penobscot Bay Ymca compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Penobscot Bay Ymca is above average for NTEE category P270 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penobscot Bay Ymca located?
Penobscot Bay Ymca is headquartered in Rockport, Maine and files with the IRS under EIN 10211813. It is classified under NTEE code P270.
How many years of IRS 990 filings does Penobscot Bay Ymca have?
Penobscot Bay Ymca 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 $5.3M in total revenue.
How does the Penobscot Bay YMCA manage to report 0% officer compensation despite its size and revenue?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues exceeding $6 million. This could mean executive salaries are included in other expense categories (e.g., program or administrative staff salaries), or that the organization relies heavily on volunteer leadership, or that compensation is exceptionally low. Further detail from the organization would be needed to clarify this.
What is the organization's strategy for managing its growing revenue and assets?
The organization has seen significant revenue growth, from $3.8 million in 2020 to $6.6 million in 2023, and assets have grown to over $13 million. This indicates successful fundraising and operational management. A detailed look at their financial statements would reveal how these funds are being allocated to programs, capital improvements, or reserves.
What is the breakdown of program spending versus administrative and fundraising costs?
Based on typical YMCA operations and the lack of specific detail in the provided data, a reasonable estimate for program spending would be around 85%, with administrative costs at 10% and fundraising at 5%. This is an estimation given the data provided, and actual figures would require a deeper dive into their detailed expense schedules.
Filing History
IRS 990 filing history for Penobscot Bay Ymca showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Penobscot Bay Ymca's revenue has grown by 123.8%, moving from $3.0M to $6.6M. Total assets increased by 18.3% over the same period, from $11.0M to $13.0M. Total functional expenses rose by 66.9%, from $3.2M to $5.4M. In its most recent filing year (2023), Penobscot Bay Ymca reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $13.0M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $5.4M | $13.0M | $1.3M | — | — |
| 2022 | $5.4M | $4.7M | $11.5M | $1.3M | — | View 990 |
| 2021 | $4.3M | $4.1M | $11.7M | $1.8M | — | View 990 |
| 2020 | $3.9M | $4.1M | $11.4M | $1.9M | — | View 990 |
| 2019 | $5.2M | $5.3M | $10.9M | $1.1M | — | View 990 |
| 2018 | $5.2M | $5.4M | $10.7M | $1.1M | — | View 990 |
| 2017 | $4.8M | $4.8M | $11.0M | $1.1M | — | — |
| 2016 | $4.6M | $4.7M | $10.9M | $1.1M | — | View 990 |
| 2015 | $4.2M | $4.6M | $11.0M | $1.1M | — | View 990 |
| 2014 | $4.3M | $4.0M | $11.3M | $1.0M | — | View 990 |
| 2013 | $3.7M | $3.7M | $10.9M | $913K | — | View 990 |
| 2012 | $3.2M | $3.4M | $10.8M | $913K | — | View 990 |
| 2011 | $3.0M | $3.2M | $11.0M | $997K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $5.4M, and assets of $13.0M (revenue +22.4% year-over-year).
- 2022: Revenue of $5.4M, expenses of $4.7M, and assets of $11.5M (revenue +27.2% year-over-year).
- 2021: Revenue of $4.3M, expenses of $4.1M, and assets of $11.7M (revenue +10.6% year-over-year).
- 2020: Revenue of $3.9M, expenses of $4.1M, and assets of $11.4M (revenue -26.3% year-over-year).
- 2019: Revenue of $5.2M, expenses of $5.3M, and assets of $10.9M (revenue +0.9% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.4M, and assets of $10.7M (revenue +9.1% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.8M, and assets of $11.0M (revenue +4.1% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.7M, and assets of $10.9M (revenue +9.5% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.6M, and assets of $11.0M (revenue -1.9% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.0M, and assets of $11.3M (revenue +14.6% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.7M, and assets of $10.9M (revenue +16.4% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.4M, and assets of $10.8M (revenue +7.5% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.2M, and assets of $11.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot Bay Ymca:
Data Sources and Methodology
This transparency report for Penobscot Bay Ymca 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.