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
| Metric | Value |
|---|---|
| Total Revenue | $6K |
| Total Expenses | $30K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $700,000. |
| Net Assets | $698K |
| Transparency Score | 40/100 |
Search Intent Cockpit
River Valley Growth Council Form 990, Revenue, CEO Pay, and IRS Filing Signals
River Valley Growth Council is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around River Valley Growth Council in one place.
Form 990 Filing Summary
9 filing years are available, with latest revenue of $6K and expenses of $30K.
Revenue and Expenses
River Valley Growth Council reported $6K in revenue and $30K in expenses, a deficit of $24K.
Executive Compensation
Top officer compensation appears as $700,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
40/100 mission score, 4 red flags, and 1 strength are shown from structured and AI review.
Is River Valley Growth Council Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $21K (70%) |
Across stored filings, River Valley Growth Council shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 9 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Community Improvement context |
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River Valley Growth Council directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
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.
Organization Overview
River Valley Growth Council is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -17.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $30K |
| Surplus / Deficit | $-24,423 |
| Total Assets | $700K |
| Total Liabilities | $1K |
| Net Assets | $698K |
| Operating Margin | -424.7% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 278.2 months |
Financial Health Grade: B
In 2020, River Valley Growth Council reported a deficit of $24K with expenses exceeding revenue, holds 278.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2020), River Valley Growth Council's revenue has declined at a compound annual growth rate (CAGR) of -17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -14.8% | -21.2% | -3.4% |
| 2019 | -64.9% | -20.1% | -4.2% |
| 2018 | +40.0% | +5.2% | -3.7% |
| 2017 | -2.5% | -2.1% | -3.9% |
| 2016 | -12.5% | -0.5% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 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.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
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 a legitimate charity?
River Valley Growth Council (EIN: 10373709) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 40/100. It has 9 years of IRS 990 filings on record. Total revenue: $6K. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does River Valley Growth Council spend its money?
River Valley Growth Council directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to River Valley Growth Council tax-deductible?
River Valley Growth Council is registered as a tax-exempt nonprofit (EIN: 10373709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the River Valley Growth Council CEO make?
River Valley Growth Council's highest-compensated officer earns $700,000. annually. The organization reported $6K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of River Valley Growth Council's spending goes to programs?
River Valley Growth Council directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does River Valley Growth Council compare to similar nonprofits?
With a transparency score of 40/100 (Fair), River Valley Growth Council is near average for NTEE category S310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is River Valley Growth Council located?
River Valley Growth Council is headquartered in Rumford, Maine and files with the IRS under EIN 10373709. It is classified under NTEE code S310.
How many years of IRS 990 filings does River Valley Growth Council have?
River Valley Growth Council has 9 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 $6K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Valley Growth Council:
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.