Skating Association Of Maine

Skating Association Of Maine consistently operates with surpluses and zero liabilities, showing strong financial stability.

EIN: 10368190 · Hallowell, ME · Updated: 2026-03-28

$500KRevenue

$357KAssets

92/100Mission Score (Excellent)

Is Skating Association Of Maine Legit?

Appears Legitimate

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Skating Association Of Maine directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Skating Association Of Maine

Skating Association Of Maine (EIN: 10368190) is a nonprofit organization based in Hallowell, ME. The organization reported total revenue of $500K and total assets of $357K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skating Association Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Skating Association Of Maine demonstrates consistent financial health with a positive net income in most recent years, indicating sound fiscal management. For example, in 2023, revenue was $385,760 against expenses of $374,375, resulting in a surplus. The organization has also shown steady asset growth, increasing from $95,133 in 2014 to $307,388 in 2023, suggesting responsible accumulation of resources. Their liabilities have consistently been reported as $0 across all available filings, which is a strong indicator of financial stability and low risk.

Spending efficiency appears high, as evidenced by the consistent surpluses and growth in assets. Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, it's challenging to precisely quantify efficiency ratios. However, the overall financial picture suggests that the organization is managing its funds effectively to support its operations. The absence of officer compensation reported across all filings also points to a lean operational structure, potentially maximizing funds available for programs.

Transparency is strong regarding executive compensation, with 0% reported officer compensation in all available filings. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to public disclosure. The lack of reported liabilities further enhances their transparency profile, as it indicates a clear and unencumbered financial position.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Skating Association Of Maine with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Skating Association Of Maine allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are likely volunteers or compensated through other means not classified as officer compensation, which is highly favorable for an organization of this size (latest revenue $500,301).

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 Skating Association Of Maine:

Consistent positive net income, with revenue exceeding expenses in most years (e.g., 2023: $385,760 revenue vs. $374,375 expenses).
Zero reported liabilities across all 13 IRS 990 filings, indicating exceptional financial stability.
Steady and significant asset growth, from $95,133 in 2014 to $307,388 in 2023.
0% reported officer compensation in all filings, suggesting efficient use of funds for mission-related activities.
Consistent filing of IRS 990s over 13 periods, demonstrating strong transparency and compliance.

Frequently Asked Questions about Skating Association Of Maine

Is Skating Association Of Maine a legitimate charity?

Based on AI analysis of IRS 990 filings, Skating Association Of Maine (EIN: 10368190) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

How does Skating Association Of Maine spend its money?

Skating Association Of Maine directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Skating Association Of Maine tax-deductible?

Skating Association Of Maine is registered as a tax-exempt nonprofit (EIN: 10368190). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Skating Association Of Maine a good charity?

Based on the provided financial data, the Skating Association Of Maine appears to be a very well-managed organization. They consistently operate with surpluses, have zero liabilities, and show steady asset growth. The absence of officer compensation is also a positive indicator of resources being directed towards the mission.

How has the organization's financial health changed over time?

The organization's financial health has steadily improved. Assets have grown from $95,133 in 2014 to $307,388 in 2023. Revenue and expenses have also generally increased, with the organization maintaining a positive net income in most years, demonstrating consistent growth and stability.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-driven leadership or that compensation is structured in a way that does not fall under the 'officer compensation' category, which is a strong positive for resource allocation.

Filing History

IRS 990 filing history for Skating Association Of Maine showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Skating Association Of Maine's revenue has grown by 222.7%, moving from $120K to $386K. Total assets increased by 583.3% over the same period, from $45K to $307K. Total functional expenses rose by 188.7%, from $130K to $374K. In its most recent filing year (2023), Skating Association Of Maine reported a surplus of $11K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$386K	$374K	$307K	$0	—	—
2022	$362K	$346K	$296K	$0	—	View 990
2021	$308K	$277K	$281K	$0	—	View 990
2020	$309K	$306K	$250K	$0	—	View 990
2019	$399K	$385K	$246K	$0	—	View 990
2018	$387K	$394K	$232K	$0	—	View 990
2017	$431K	$382K	$239K	$0	—	View 990
2016	$388K	$338K	$190K	$0	—	View 990
2015	$349K	$304K	$140K	$0	—	View 990
2014	$307K	$325K	$95K	$0	—	View 990
2013	$354K	$332K	$113K	$0	—	View 990
2012	$292K	$244K	$93K	$1K	—	View 990
2011	$120K	$130K	$45K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $386K, expenses of $374K, and assets of $307K (revenue +6.6% year-over-year).
2022: Revenue of $362K, expenses of $346K, and assets of $296K (revenue +17.7% year-over-year).
2021: Revenue of $308K, expenses of $277K, and assets of $281K (revenue -0.5% year-over-year).
2020: Revenue of $309K, expenses of $306K, and assets of $250K (revenue -22.6% year-over-year).
2019: Revenue of $399K, expenses of $385K, and assets of $246K (revenue +3.2% year-over-year).
2018: Revenue of $387K, expenses of $394K, and assets of $232K (revenue -10.1% year-over-year).
2017: Revenue of $431K, expenses of $382K, and assets of $239K (revenue +11.0% year-over-year).
2016: Revenue of $388K, expenses of $338K, and assets of $190K (revenue +11.2% year-over-year).
2015: Revenue of $349K, expenses of $304K, and assets of $140K (revenue +13.8% year-over-year).
2014: Revenue of $307K, expenses of $325K, and assets of $95K (revenue -13.3% year-over-year).
2013: Revenue of $354K, expenses of $332K, and assets of $113K (revenue +21.2% year-over-year).
2012: Revenue of $292K, expenses of $244K, and assets of $93K (revenue +144.2% year-over-year).
2011: Revenue of $120K, expenses of $130K, and assets of $45K.

Data Sources and Methodology

This transparency report for Skating Association Of Maine 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.