Seacoast Waldorf Association

Seacoast Waldorf Association maintains strong assets but experienced a deficit in its latest fiscal year.

EIN: 20497925 · Eliot, ME · NTEE: B20 · Updated: 2026-03-28

$1.8MRevenue

$2.8MAssets

85/100Mission Score (Excellent)

B20

About Seacoast Waldorf Association

Seacoast Waldorf Association (EIN: 20497925) is a nonprofit organization based in Eliot, ME, classified under NTEE code B20. The organization reported total revenue of $1.8M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seacoast Waldorf Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Seacoast Waldorf Association demonstrates a generally stable financial health, with assets consistently exceeding liabilities over the past several years. In the most recent filing (202306), the organization reported assets of $3,121,849 against liabilities of $1,658,282, indicating a healthy financial position. However, the 202306 period also showed expenses ($1,712,346) exceeding revenue ($1,524,442), resulting in a deficit for that year. This trend of expenses occasionally surpassing revenue has been observed in other periods as well, such as 202006 and 201906, suggesting a need for careful monitoring of operational costs relative to income.

The organization's spending efficiency appears to be focused primarily on program services, which is a positive indicator for a nonprofit. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the absence of reported officer compensation across all filings suggests a commitment to minimizing overhead in that area. The consistent growth in revenue from 2017 to 2022, peaking at $1,528,984 in 202206, before a slight dip in 202306, indicates a strong ability to attract funding. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 12 filings available, providing a comprehensive historical view of its financial activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Seacoast Waldorf Association with a Mission Score of 85 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Seacoast Waldorf Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Seacoast Waldorf Association consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive sign for minimizing overhead.

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 Seacoast Waldorf Association's IRS 990 filings:

Expenses exceeded revenue in the latest fiscal year (202306), with $1,712,346 in expenses against $1,524,442 in revenue.
Occasional deficits in prior years (e.g., 202006, 201906) suggest a need for consistent monitoring of operational costs relative to income.

Strengths

The following positive indicators were identified for Seacoast Waldorf Association:

Strong and growing asset base, consistently exceeding liabilities (e.g., $3,121,849 assets vs. $1,658,282 liabilities in 202306).
Consistent filing of IRS Form 990s (12 filings), demonstrating transparency and accountability.
No reported officer compensation across all filings, indicating a commitment to minimizing executive overhead.
General upward trend in revenue over the past several years, showing strong fundraising capabilities.

Frequently Asked Questions about Seacoast Waldorf Association

Is Seacoast Waldorf Association a good charity?

Based on the available data, Seacoast Waldorf Association appears to be a good charity. It maintains a strong asset base, consistently files its IRS 990s, and reports no officer compensation, suggesting a focus on its mission rather than executive pay. While there have been periods where expenses exceeded revenue, its overall financial health and transparency are positive.

What is the trend in Seacoast Waldorf Association's revenue?

Seacoast Waldorf Association has shown a general upward trend in revenue from $839,775 in 201706 to a peak of $1,528,984 in 202206, before a slight decrease to $1,524,442 in 202306. This indicates consistent growth in its funding capacity over recent years.

How does Seacoast Waldorf Association's assets compare to its liabilities?

The organization consistently maintains assets significantly higher than its liabilities. For example, in 202306, assets were $3,121,849 while liabilities were $1,658,282, demonstrating a healthy balance sheet and financial stability.

Filing History

IRS 990 filing history for Seacoast Waldorf Association showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Seacoast Waldorf Association's revenue has grown by 308%, moving from $374K to $1.5M. Total assets increased by 285.9% over the same period, from $809K to $3.1M. Total functional expenses rose by 344.9%, from $385K to $1.7M. In its most recent filing year (2023), Seacoast Waldorf Association reported a deficit of $188K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $3.1M in assets (debt-to-asset ratio: 53.1%), resulting in net assets of $1.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.7M	$3.1M	$1.7M	—	View 990
2022	$1.5M	$1.4M	$2.9M	$1.3M	—	View 990
2021	$1.4M	$1.2M	$3.0M	$1.4M	—	View 990
2020	$1.1M	$1.2M	$2.8M	$1.4M	—	View 990
2019	$1.1M	$1.2M	$2.9M	$1.4M	—	View 990
2018	$1.1M	$999K	$3.0M	$1.4M	—	View 990
2017	$840K	$743K	$2.4M	$966K	—	View 990
2016	$1.7M	$691K	$1.8M	$463K	—	View 990
2015	$415K	$641K	$810K	$412K	—	View 990
2014	$458K	$463K	$1.2M	$863K	—	View 990
2013	$405K	$368K	$1.2M	$761K	—	View 990
2012	$374K	$385K	$809K	$238K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.7M, and assets of $3.1M (revenue -0.3% year-over-year).
2022: Revenue of $1.5M, expenses of $1.4M, and assets of $2.9M (revenue +12.4% year-over-year).
2021: Revenue of $1.4M, expenses of $1.2M, and assets of $3.0M (revenue +18.6% year-over-year).
2020: Revenue of $1.1M, expenses of $1.2M, and assets of $2.8M (revenue +2.0% year-over-year).
2019: Revenue of $1.1M, expenses of $1.2M, and assets of $2.9M (revenue +5.1% year-over-year).
2018: Revenue of $1.1M, expenses of $999K, and assets of $3.0M (revenue +27.4% year-over-year).
2017: Revenue of $840K, expenses of $743K, and assets of $2.4M (revenue -49.7% year-over-year).
2016: Revenue of $1.7M, expenses of $691K, and assets of $1.8M (revenue +302.4% year-over-year).
2015: Revenue of $415K, expenses of $641K, and assets of $810K (revenue -9.4% year-over-year).
2014: Revenue of $458K, expenses of $463K, and assets of $1.2M (revenue +13.0% year-over-year).
2013: Revenue of $405K, expenses of $368K, and assets of $1.2M (revenue +8.5% year-over-year).
2012: Revenue of $374K, expenses of $385K, and assets of $809K.

Data Sources and Methodology

This transparency report for Seacoast Waldorf Association 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.