Sanford Springvale Chamber Of Commerce Inc
Sanford Springvale Chamber of Commerce experiences recent deficit, drawing down assets.
EIN: 10226245 · Springvale, ME · Updated: 2026-03-28
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Sanford Springvale Chamber Of Commerce Inc is mapped to EIN 10226245.
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70% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $108K |
| Program Spending | 70% |
| Net Assets | $88K |
| Transparency Score | 70/100 |
Search Intent Cockpit
Sanford Springvale Chamber Of Commerce Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Sanford Springvale Chamber Of Commerce Inc 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 Sanford Springvale Chamber Of Commerce Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $86K and expenses of $108K.
Revenue and Expenses
Sanford Springvale Chamber Of Commerce Inc reported $86K in revenue and $108K in expenses, a deficit of $23K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Sanford Springvale Chamber Of Commerce Inc Legit?
Some 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 | $76K (70%) |
Across stored filings, Sanford Springvale Chamber Of Commerce Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
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Springvale, ME nonprofitsFollow the Money
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Sanford Springvale Chamber Of Commerce Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Sanford Springvale Chamber Of Commerce Inc
Sanford Springvale Chamber Of Commerce Inc (EIN: 10226245) is a nonprofit organization based in Springvale, ME. The organization reported total revenue of $89K and total assets of $63K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sanford Springvale Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sanford Springvale Chamber Of Commerce Inc is a micro nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $86K |
| Total Expenses | $108K |
| Surplus / Deficit | $-22,502 |
| Total Assets | $89K |
| Total Liabilities | $358 |
| Net Assets | $88K |
| Operating Margin | -26.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 9.8 months |
Financial Health Grade: B
In 2024, Sanford Springvale Chamber Of Commerce Inc reported a deficit of $23K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Sanford Springvale Chamber Of Commerce Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -25.1% | -2.8% | -30.1% |
| 2023 | +11.1% | +12.9% | +2.3% |
| 2022 | -4.7% | -1.1% | +20.2% |
| 2021 | -11.0% | -6.5% | +29.8% |
| 2020 | +0.8% | -1.4% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1978 |
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 Sanford Springvale Chamber Of Commerce Inc with a Mission Score of 70 out of 100 (Good). 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, Sanford Springvale Chamber Of Commerce Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation, which is highly favorable for an organization of this size and suggests a volunteer-led or very lean administrative structure.
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 Sanford Springvale Chamber Of Commerce Inc's IRS 990 filings:
- Significant operating deficit in the latest fiscal period (202406), with expenses of $108,291 exceeding revenue of $85,789.
- Decrease in assets from $127,025 in 2023 to $88,739 in 2024, indicating a draw on reserves.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Sanford Springvale Chamber Of Commerce Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency and a focus on minimizing administrative overhead.
- Maintained a stable revenue stream, generally above $100,000, for most of the past decade.
- Modest asset base provides some financial cushion, despite the recent decline.
Frequently Asked Questions about Sanford Springvale Chamber Of Commerce Inc
Is Sanford Springvale Chamber Of Commerce Inc a legitimate charity?
Sanford Springvale Chamber Of Commerce Inc (EIN: 10226245) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $89K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sanford Springvale Chamber Of Commerce Inc spend its money?
Sanford Springvale Chamber Of Commerce Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Sanford Springvale Chamber Of Commerce Inc tax-deductible?
Sanford Springvale Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 10226245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sanford Springvale Chamber Of Commerce Inc's spending goes to programs?
Sanford Springvale Chamber Of Commerce Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Sanford Springvale Chamber Of Commerce Inc located?
Sanford Springvale Chamber Of Commerce Inc is headquartered in Springvale, Maine and files with the IRS under EIN 10226245.
How many years of IRS 990 filings does Sanford Springvale Chamber Of Commerce Inc have?
Sanford Springvale Chamber Of Commerce Inc 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 $89K in total revenue.
What caused the significant deficit in the 2024 fiscal period?
The data shows that in Period 202406, expenses ($108,291) significantly exceeded revenue ($85,789), resulting in a net loss and a decrease in assets. The specific reasons for this deficit are not detailed in the provided summary.
How does the organization plan to address the recent increase in liabilities?
In Period 202406, liabilities increased to $358 from $16,142 in 2023. While the absolute amount is small, the sudden appearance after a period of lower liabilities warrants investigation into its nature and the organization's strategy for managing it.
What are the primary program activities funded by the Chamber?
The provided IRS 990 data does not detail the specific program activities. Further investigation into the full 990 form would be needed to understand how the Chamber allocates its program spending.
Filing History
IRS 990 filing history for Sanford Springvale Chamber Of Commerce Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Sanford Springvale Chamber Of Commerce Inc's revenue has declined by 38.6%, moving from $140K to $86K. Total assets increased by 11.9% over the same period, from $79K to $89K. Total functional expenses fell by 17.1%, from $131K to $108K. In its most recent filing year (2024), Sanford Springvale Chamber Of Commerce Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $358 in liabilities against $89K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $88K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $86K | $108K | $89K | $358 | — | — |
| 2023 | $115K | $111K | $127K | $16K | — | View 990 |
| 2022 | $103K | $99K | $124K | $16K | — | View 990 |
| 2021 | $108K | $100K | $103K | $0 | — | — |
| 2020 | $122K | $107K | $80K | $0 | — | — |
| 2019 | $121K | $108K | $79K | $15K | — | View 990 |
| 2018 | $109K | $113K | $76K | $23K | — | — |
| 2017 | $105K | $122K | $76K | $20K | — | View 990 |
| 2016 | $134K | $127K | $88K | $15K | — | View 990 |
| 2015 | $112K | $125K | $77K | $11K | — | View 990 |
| 2014 | $136K | $116K | $88K | $9K | — | View 990 |
| 2013 | $110K | $122K | $91K | $32K | — | View 990 |
| 2012 | $140K | $131K | $79K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $86K, expenses of $108K, and assets of $89K (revenue -25.1% year-over-year).
- 2023: Revenue of $115K, expenses of $111K, and assets of $127K (revenue +11.1% year-over-year).
- 2022: Revenue of $103K, expenses of $99K, and assets of $124K (revenue -4.7% year-over-year).
- 2021: Revenue of $108K, expenses of $100K, and assets of $103K (revenue -11.0% year-over-year).
- 2020: Revenue of $122K, expenses of $107K, and assets of $80K (revenue +0.8% year-over-year).
- 2019: Revenue of $121K, expenses of $108K, and assets of $79K (revenue +10.4% year-over-year).
- 2018: Revenue of $109K, expenses of $113K, and assets of $76K (revenue +3.9% year-over-year).
- 2017: Revenue of $105K, expenses of $122K, and assets of $76K (revenue -21.5% year-over-year).
- 2016: Revenue of $134K, expenses of $127K, and assets of $88K (revenue +20.0% year-over-year).
- 2015: Revenue of $112K, expenses of $125K, and assets of $77K (revenue -17.8% year-over-year).
- 2014: Revenue of $136K, expenses of $116K, and assets of $88K (revenue +23.5% year-over-year).
- 2013: Revenue of $110K, expenses of $122K, and assets of $91K (revenue -21.3% year-over-year).
- 2012: Revenue of $140K, expenses of $131K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sanford Springvale Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Sanford Springvale Chamber Of Commerce 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.