Portage Lakers Sno Mobile Club Inc
Portage Lakers Sno Mobile Club Inc maintains strong assets and zero officer compensation, with occasional expense fluctuations.
EIN: 10346197 · Portage Lake, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $74K |
| Program Spending | 90% |
| Net Assets | $432K |
| Transparency Score | 95/100 |
Is Portage Lakers Sno Mobile Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portage Lakers Sno Mobile Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portage Lakers Sno Mobile Club Inc
Portage Lakers Sno Mobile Club Inc (EIN: 10346197) is a nonprofit organization based in Portage Lake, ME. The organization reported total revenue of $102K and total assets of $474K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portage Lakers Sno Mobile Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portage Lakers Sno Mobile Club Inc is a small nonprofit that has been operating for 49 years, with 5 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $74K |
| Surplus / Deficit | +$47K |
| Total Assets | $432K |
| Net Assets | $432K |
| Operating Margin | 38.9% |
| Months of Reserves | 70.3 months |
Financial Health Grade: A
In 2024, Portage Lakers Sno Mobile Club Inc reported a surplus of $47K with revenue exceeding expenses, holds 70.3 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2015–2024), Portage Lakers Sno Mobile Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.7% | -53.7% | +12.2% |
| 2023 | +40.7% | +134.3% | -18.3% |
| 2022 | -33.0% | -36.4% | -1.0% |
| 2021 | +2.6% | +34.0% | +100.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 0000 |
| IRS Ruling Date | 1977 |
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 Portage Lakers Sno Mobile Club Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Portage Lakers Sno Mobile Club Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $47K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure. This is highly favorable, as it means all revenue can be directed towards the organization's mission and operational costs, rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Portage Lakers Sno Mobile Club Inc:
- Consistent zero officer compensation, indicating a volunteer-driven model and efficient use of funds.
- Strong and growing asset base, from $237,300 in 2015 to $431,615 in 2024, demonstrating financial stability.
- Absence of liabilities in recent years (2023, 2024), indicating a debt-free operation.
- Generally healthy revenue streams, consistently above $100,000 in most periods, supporting operations.
Frequently Asked Questions about Portage Lakers Sno Mobile Club Inc
Is Portage Lakers Sno Mobile Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Portage Lakers Sno Mobile Club Inc (EIN: 10346197) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Portage Lakers Sno Mobile Club Inc spend its money?
Portage Lakers Sno Mobile Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portage Lakers Sno Mobile Club Inc tax-deductible?
Portage Lakers Sno Mobile Club Inc is registered as a tax-exempt nonprofit (EIN: 10346197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Portage Lakers Sno Mobile Club Inc located?
Portage Lakers Sno Mobile Club Inc is headquartered in Portage Lake, Maine and files with the IRS under EIN 10346197.
How many years of IRS 990 filings does Portage Lakers Sno Mobile Club Inc have?
Portage Lakers Sno Mobile Club Inc has 5 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 $102K in total revenue.
How does Portage Lakers Sno Mobile Club Inc fund its operations given the absence of officer compensation?
The absence of officer compensation suggests the organization is primarily volunteer-run at the leadership level, relying on membership fees, donations, and potentially grants to cover operational expenses like trail maintenance, equipment, and administrative costs.
What caused the significant increase in expenses in 2023 ($159,163) compared to other years?
The IRS 990 data alone does not specify the exact cause, but such a spike could be due to a major capital expenditure, significant trail repair, equipment purchase, or a large event that year. Despite this, the organization's assets remained strong, indicating it could absorb this expense.
What is the primary use of the organization's substantial assets ($431,615 in 2024)?
Given the nature of a snowmobile club, assets likely include land, clubhouses, trail grooming equipment, maintenance vehicles, and cash reserves for future operations and emergencies.
Filing History
IRS 990 filing history for Portage Lakers Sno Mobile Club Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2015–2024), Portage Lakers Sno Mobile Club Inc's revenue has declined by 7.8%, moving from $131K to $121K. Total assets increased by 81.9% over the same period, from $237K to $432K. Total functional expenses fell by 7.5%, from $80K to $74K. In its most recent filing year (2024), Portage Lakers Sno Mobile Club Inc reported a surplus of $47K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $121K | $74K | $432K | $0 | — | — |
| 2023 | $126K | $159K | $385K | $0 | — | View 990 |
| 2022 | $90K | $68K | $471K | $53K | — | View 990 |
| 2021 | $134K | $107K | $476K | $79K | — | — |
| 2015 | $131K | $80K | $237K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $121K, expenses of $74K, and assets of $432K (revenue -4.7% year-over-year).
- 2023: Revenue of $126K, expenses of $159K, and assets of $385K (revenue +40.7% year-over-year).
- 2022: Revenue of $90K, expenses of $68K, and assets of $471K (revenue -33.0% year-over-year).
- 2021: Revenue of $134K, expenses of $107K, and assets of $476K (revenue +2.6% year-over-year).
- 2015: Revenue of $131K, expenses of $80K, and assets of $237K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portage Lakers Sno Mobile Club Inc:
Data Sources and Methodology
This transparency report for Portage Lakers Sno Mobile Club 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.