Riverview Foundation
Riverview Foundation consistently spends more than it earns, leading to growing liabilities and declining net assets.
EIN: 10488477 · Brunswick, ME · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Program Spending | 70% |
| Net Assets | $-111,254 |
| Transparency Score | 55/100 |
Is Riverview Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverview Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Riverview Foundation
Riverview Foundation (EIN: 10488477) is a nonprofit organization based in Brunswick, ME, classified under NTEE code A20. The organization reported total revenue of $1.2M and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverview Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverview Foundation is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-78,471 |
| Total Assets | $262K |
| Total Liabilities | $373K |
| Net Assets | $-111,254 |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 142.4% |
| Months of Reserves | 2.1 months |
Financial Health Grade: D
In 2023, Riverview Foundation reported a deficit of $78K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 142.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riverview Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.5% | +17.4% | +29.5% |
| 2022 | +18.4% | +14.1% | -44.1% |
| 2021 | -14.6% | +40.9% | -33.1% |
| 2020 | +42.9% | +12.3% | +203.3% |
| 2019 | +32.1% | +5.0% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1994 |
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 Riverview Foundation with a Mission Score of 55 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, Riverview Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $78K, with expenses exceeding revenue.
- Debt-to-asset ratio: 142.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is categorized under other expense lines, which would warrant further clarification for full financial 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 Riverview Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $1,519,791 expenses vs. $1,441,320 revenue in 2023.
- Liabilities ($373,472 in 2023) exceeding assets ($262,218 in 2023), indicating a negative net asset position.
- Declining asset base from a high of $541,490 in 2020 to $262,218 in 2023.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting assessment of spending efficiency.
Strengths
The following positive indicators were identified for Riverview Foundation:
- Consistent IRS 990 filing history over 13 periods, indicating compliance and transparency in reporting.
- No reported officer compensation, which could suggest a highly volunteer-driven leadership model if accurate.
- Revenue has shown growth over the long term, from $500,441 in 2014 to $1,441,320 in 2023.
Frequently Asked Questions about Riverview Foundation
Is Riverview Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverview Foundation (EIN: 10488477) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Riverview Foundation spend its money?
Riverview Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riverview Foundation tax-deductible?
Riverview Foundation is registered as a tax-exempt nonprofit (EIN: 10488477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Riverview Foundation's spending goes to programs?
Riverview Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Riverview Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Riverview Foundation is near average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riverview Foundation located?
Riverview Foundation is headquartered in Brunswick, Maine and files with the IRS under EIN 10488477. It is classified under NTEE code A20.
How many years of IRS 990 filings does Riverview Foundation have?
Riverview Foundation 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 $1.2M in total revenue.
How does Riverview Foundation cover its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $1,519,791 expenses vs. $1,441,320 revenue in 2023). This suggests a reliance on drawing down prior reserves or other non-operating income sources, which is not sustainable long-term without a change in financial strategy.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of how expenses are allocated across programs, administration, and fundraising. This information is crucial for assessing spending efficiency and the proportion of funds directly supporting the mission.
Why are liabilities consistently higher than assets in recent years?
In 2023, liabilities were $373,472 while assets were $262,218, indicating a negative net asset position. This trend has been observed in other recent years as well, suggesting potential financial strain or significant debt obligations that are not being offset by asset growth.
Is the 0% officer compensation truly reflective of no executive salaries?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and revenue. It raises a question about whether executive compensation is genuinely zero or if it is reported under different expense categories, which could obscure the true cost of leadership.
Filing History
IRS 990 filing history for Riverview Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riverview Foundation's revenue has grown by 101.4%, moving from $716K to $1.4M. Total assets decreased by 55.3% over the same period, from $587K to $262K. Total functional expenses rose by 128.9%, from $664K to $1.5M. In its most recent filing year (2023), Riverview Foundation reported a deficit of $78K, with expenses exceeding revenue. The organization holds $373K in liabilities against $262K in assets (debt-to-asset ratio: 142.4%), resulting in net assets of $-111,254.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $262K | $373K | — | — |
| 2022 | $1.1M | $1.3M | $202K | $235K | — | View 990 |
| 2021 | $970K | $1.1M | $362K | $234K | — | View 990 |
| 2020 | $1.1M | $805K | $541K | $263K | — | View 990 |
| 2019 | $795K | $717K | $179K | $200K | — | View 990 |
| 2018 | $601K | $683K | $192K | $290K | — | View 990 |
| 2017 | $636K | $747K | $158K | $205K | — | View 990 |
| 2016 | $617K | $705K | $206K | $142K | — | View 990 |
| 2015 | $622K | $628K | $423K | $272K | — | View 990 |
| 2014 | $500K | $536K | $392K | $234K | — | View 990 |
| 2013 | $720K | $581K | $325K | $131K | — | View 990 |
| 2012 | $526K | $523K | $554K | $500K | — | View 990 |
| 2011 | $716K | $664K | $587K | $536K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $262K (revenue +25.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $202K (revenue +18.4% year-over-year).
- 2021: Revenue of $970K, expenses of $1.1M, and assets of $362K (revenue -14.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $805K, and assets of $541K (revenue +42.9% year-over-year).
- 2019: Revenue of $795K, expenses of $717K, and assets of $179K (revenue +32.1% year-over-year).
- 2018: Revenue of $601K, expenses of $683K, and assets of $192K (revenue -5.4% year-over-year).
- 2017: Revenue of $636K, expenses of $747K, and assets of $158K (revenue +3.0% year-over-year).
- 2016: Revenue of $617K, expenses of $705K, and assets of $206K (revenue -0.8% year-over-year).
- 2015: Revenue of $622K, expenses of $628K, and assets of $423K (revenue +24.3% year-over-year).
- 2014: Revenue of $500K, expenses of $536K, and assets of $392K (revenue -30.5% year-over-year).
- 2013: Revenue of $720K, expenses of $581K, and assets of $325K (revenue +36.7% year-over-year).
- 2012: Revenue of $526K, expenses of $523K, and assets of $554K (revenue -26.4% year-over-year).
- 2011: Revenue of $716K, expenses of $664K, and assets of $587K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverview Foundation:
Data Sources and Methodology
This transparency report for Riverview 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.