River Valley Growth Council

River Valley Growth Council consistently operates at a significant deficit, drawing down assets.

EIN: 10373709 · Rumford, ME · NTEE: S310 · Updated: 2026-03-28

$6KRevenue

$700KAssets

40/100Mission Score (Fair)

S310

About River Valley Growth Council

River Valley Growth Council (EIN: 10373709) is a nonprofit organization based in Rumford, ME, classified under NTEE code S310. The organization reported total revenue of $6K and total assets of $700K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Valley Growth Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The River Valley Growth Council exhibits concerning financial trends, with a consistent pattern of expenses significantly exceeding revenue over the past nine years. In the most recent filing (202006), revenue was only $5,750 while expenses were $30,173, indicating a substantial operating deficit. This trend is not new; for example, in 201906, revenue was $6,750 against $38,313 in expenses. The organization's assets have also been steadily declining, from $1,058,456 in 201206 to $699,588 in 202006, suggesting that deficits are being covered by drawing down reserves. While officer compensation has consistently been reported as 0%, which is positive for transparency regarding executive pay, the overall financial sustainability is questionable given the persistent revenue shortfall relative to expenses.

The NTEE code S310 indicates a focus on economic development, which often involves grant-funded projects. However, the low and declining revenue figures suggest either a lack of successful grant acquisition or a very limited scope of operations. The consistent liabilities around $1,378-$1,379 across multiple years could indicate a recurring fixed obligation. Without more detailed expense breakdowns from the 990s, it's difficult to ascertain spending efficiency beyond the overall deficit. The organization's ability to continue its mission with such a significant and prolonged revenue-expense imbalance is a major concern.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates River Valley Growth Council 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, River Valley Growth Council allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is unusual for an organization with assets approaching $700,000.

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 River Valley Growth Council's IRS 990 filings:

Consistent and significant operating deficits (e.g., $5,750 revenue vs. $30,173 expenses in 202006).
Steady decline in total assets over time, from $1,058,456 in 201206 to $699,588 in 202006.
Revenue has been consistently low and declining, indicating potential fundraising or program income generation issues.
Expenses consistently outweigh revenue by a large margin, raising questions about long-term viability.

Strengths

The following positive indicators were identified for River Valley Growth Council:

Consistent reporting of 0% officer compensation, indicating no executive salaries are being paid from organizational funds.

Frequently Asked Questions about River Valley Growth Council

Is River Valley Growth Council financially sustainable?

Based on the consistent and significant operating deficits (e.g., $5,750 revenue vs. $30,173 expenses in 202006), the organization does not appear to be financially sustainable in its current state, relying on asset depletion to cover expenses.

What is causing the consistent decline in assets?

The consistent decline in assets, from over $1 million in 201206 to $699,588 in 202006, is directly attributable to the organization's expenses consistently exceeding its revenue, forcing it to use its reserves to cover operational costs.

Why is revenue so low compared to expenses?

Revenue has been consistently low (e.g., $5,750 in 202006) compared to expenses (e.g., $30,173 in 202006) for many years, suggesting either a significant challenge in fundraising, a lack of active programs generating income, or a very limited operational scope that is still too expensive for its current income.

Are there any concerns about executive compensation?

While the reported 0% officer compensation is positive for avoiding excessive pay, it raises questions about who is managing the organization and how, especially given the declining financial health. It could indicate an all-volunteer board with no paid staff, which might impact operational capacity.

Filing History

IRS 990 filing history for River Valley Growth Council showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2012–2020), River Valley Growth Council's revenue has declined by 77.8%, moving from $26K to $6K. Total assets decreased by 33.9% over the same period, from $1.1M to $700K. Total functional expenses fell by 53.4%, from $65K to $30K. In its most recent filing year (2020), River Valley Growth Council reported a deficit of $24K, with expenses exceeding revenue. The organization holds $1K in liabilities against $700K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $698K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$6K	$30K	$700K	$1K	—	View 990
2019	$7K	$38K	$724K	$1K	—	View 990
2018	$19K	$48K	$756K	$1K	—	View 990
2017	$14K	$46K	$784K	$1K	—	View 990
2016	$14K	$47K	$816K	$1K	—	View 990
2015	$16K	$47K	$848K	$1K	—	View 990
2014	$11K	$50K	$879K	$1K	—	View 990
2013	$30K	$50K	$1.0M	$1K	—	View 990
2012	$26K	$65K	$1.1M	$1K	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $6K, expenses of $30K, and assets of $700K (revenue -14.8% year-over-year).
2019: Revenue of $7K, expenses of $38K, and assets of $724K (revenue -64.9% year-over-year).
2018: Revenue of $19K, expenses of $48K, and assets of $756K (revenue +40.0% year-over-year).
2017: Revenue of $14K, expenses of $46K, and assets of $784K (revenue -2.5% year-over-year).
2016: Revenue of $14K, expenses of $47K, and assets of $816K (revenue -12.5% year-over-year).
2015: Revenue of $16K, expenses of $47K, and assets of $848K (revenue +47.4% year-over-year).
2014: Revenue of $11K, expenses of $50K, and assets of $879K (revenue -63.2% year-over-year).
2013: Revenue of $30K, expenses of $50K, and assets of $1.0M (revenue +15.0% year-over-year).
2012: Revenue of $26K, expenses of $65K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for River Valley Growth Council 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.