Senior Needs Committee Of Wells & Ogunquit
Senior Needs Committee of Wells & Ogunquit shows consistent revenue growth and zero officer compensation.
EIN: 10516517 · Wells, ME · NTEE: P81 · Updated: 2026-03-28
About Senior Needs Committee Of Wells & Ogunquit
Senior Needs Committee Of Wells & Ogunquit (EIN: 10516517) is a nonprofit organization based in Wells, ME, classified under NTEE code P81. The organization reported total revenue of $300K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senior Needs Committee Of Wells & Ogunquit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Senior Needs Committee Of Wells & Ogunquit with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Senior Needs Committee Of Wells & Ogunquit allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets exceeding $950,000.
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.
Strengths
The following positive indicators were identified for Senior Needs Committee Of Wells & Ogunquit:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong revenue growth, increasing from $127,977 in 2020 to $247,794 in 2023.
- Healthy asset base, growing to $957,989 in 2023.
- Positive net income in recent years, with revenue exceeding expenses ($247,794 vs $195,528 in 2023).
- Decreasing liabilities, from $230,165 in 2020 to $206,212 in 2023, improving financial stability.
Frequently Asked Questions about Senior Needs Committee Of Wells & Ogunquit
Is Senior Needs Committee Of Wells & Ogunquit a good charity?
Based on the financial data, the Senior Needs Committee Of Wells & Ogunquit appears to be a very good charity. They consistently report 0% officer compensation, indicating that all funds are directed towards their mission. Their revenue has shown strong growth, from $127,977 in 2020 to $247,794 in 2023, and they maintain a healthy asset base ($957,989 in 2023) while keeping liabilities manageable.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown a significant upward trend. It increased from $127,977 in 2020 to $158,042 in 2021, then to $174,257 in 2022, and further to $247,794 in 2023, demonstrating strong financial growth.
What is the organization's approach to executive compensation?
The organization has consistently reported 0% officer compensation in all available IRS 990 filings, indicating that its executive leadership operates on a volunteer basis, which is a highly efficient and transparent practice.
Filing History
IRS 990 filing history for Senior Needs Committee Of Wells & Ogunquit showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Senior Needs Committee Of Wells & Ogunquit's revenue has grown by 91.4%, moving from $129K to $248K. Total assets decreased by 3.9% over the same period, from $996K to $958K. Total functional expenses rose by 38.1%, from $142K to $196K. In its most recent filing year (2023), Senior Needs Committee Of Wells & Ogunquit reported a surplus of $52K, with revenue exceeding expenses. The organization holds $206K in liabilities against $958K in assets (debt-to-asset ratio: 21.5%), resulting in net assets of $752K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $248K | $196K | $958K | $206K | — | — |
| 2022 | $174K | $186K | $892K | $211K | — | View 990 |
| 2021 | $158K | $164K | $933K | $216K | — | View 990 |
| 2020 | $128K | $152K | $931K | $230K | — | — |
| 2019 | $178K | $167K | $918K | $228K | — | View 990 |
| 2018 | $111K | $132K | $936K | $232K | — | View 990 |
| 2017 | $120K | $125K | $963K | $238K | — | View 990 |
| 2016 | $125K | $115K | $975K | $244K | — | View 990 |
| 2015 | $93K | $114K | $972K | $251K | — | View 990 |
| 2014 | $119K | $122K | $1.0M | $254K | — | View 990 |
| 2013 | $136K | $117K | $1.0M | $257K | — | View 990 |
| 2012 | $146K | $125K | $1.0M | $275K | — | View 990 |
| 2011 | $129K | $142K | $996K | $276K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $248K, expenses of $196K, and assets of $958K (revenue +42.2% year-over-year).
- 2022: Revenue of $174K, expenses of $186K, and assets of $892K (revenue +10.3% year-over-year).
- 2021: Revenue of $158K, expenses of $164K, and assets of $933K (revenue +23.5% year-over-year).
- 2020: Revenue of $128K, expenses of $152K, and assets of $931K (revenue -27.9% year-over-year).
- 2019: Revenue of $178K, expenses of $167K, and assets of $918K (revenue +60.2% year-over-year).
- 2018: Revenue of $111K, expenses of $132K, and assets of $936K (revenue -7.5% year-over-year).
- 2017: Revenue of $120K, expenses of $125K, and assets of $963K (revenue -3.9% year-over-year).
- 2016: Revenue of $125K, expenses of $115K, and assets of $975K (revenue +34.2% year-over-year).
- 2015: Revenue of $93K, expenses of $114K, and assets of $972K (revenue -22.0% year-over-year).
- 2014: Revenue of $119K, expenses of $122K, and assets of $1.0M (revenue -12.3% year-over-year).
- 2013: Revenue of $136K, expenses of $117K, and assets of $1.0M (revenue -7.0% year-over-year).
- 2012: Revenue of $146K, expenses of $125K, and assets of $1.0M (revenue +12.7% year-over-year).
- 2011: Revenue of $129K, expenses of $142K, and assets of $996K.
Data Sources and Methodology
This transparency report for Senior Needs Committee Of Wells & Ogunquit 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.