Southwest Harbor & Tremont Chamber Of Commerce

Southwest Harbor & Tremont Chamber of Commerce maintains stable, near break-even finances with no reported officer compensation.

EIN: 16019950 · Southwest Hbr, ME · Updated: 2026-03-28

$108KRevenue

$22KAssets

85/100Mission Score (Excellent)

Is Southwest Harbor & Tremont Chamber Of Commerce Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

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

Southwest Harbor & Tremont Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Southwest Harbor & Tremont Chamber Of Commerce

Southwest Harbor & Tremont Chamber Of Commerce (EIN: 16019950) is a nonprofit organization based in Southwest Hbr, ME. The organization reported total revenue of $108K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Harbor & Tremont Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Southwest Harbor & Tremont Chamber Of Commerce demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. In the latest filing (202312), the organization reported revenues of $105,559 against expenses of $105,627, indicating a very slight operational deficit. This trend of near break-even operations is common for chambers of commerce, which often operate on membership dues and event-generated income. The organization's assets have remained relatively stable, fluctuating between $16,801 and $57,652, with the latest reported assets at $27,559. This suggests a modest but consistent financial base.

The organization's spending efficiency appears reasonable given its operational nature. With no officer compensation reported across all filings, it suggests a volunteer-driven or very lean administrative structure, which is a positive indicator for a small chamber. The lack of significant liabilities in most periods also points to sound financial management. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The consistent revenue generation, even with minor fluctuations, indicates a stable base of support within its community.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive. The absence of reported officer compensation across all filings is a key transparency indicator, showing that leadership is not drawing salaries from the organization's funds. While the NTEE code is unknown, which can sometimes hinder categorization, the overall financial picture suggests a well-managed, community-focused entity. Further transparency could be enhanced by providing more detailed expense breakdowns beyond what is typically available in summary 990 data.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Southwest Harbor & Tremont Chamber Of Commerce 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, Southwest Harbor & Tremont Chamber Of Commerce 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 organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for a nonprofit of this size.

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 Southwest Harbor & Tremont Chamber Of Commerce's IRS 990 filings:

NTEE Code is unknown, limiting direct comparison to peer organizations.

Strengths

The following positive indicators were identified for Southwest Harbor & Tremont Chamber Of Commerce:

Consistent IRS 990 filing history (13 filings) demonstrates strong transparency.
0% officer compensation reported across all filings indicates high operational efficiency and volunteer engagement.
Stable financial operations with revenues and expenses generally balancing out.
Low liabilities reported in most periods, indicating sound financial management.

Frequently Asked Questions about Southwest Harbor & Tremont Chamber Of Commerce

Is Southwest Harbor & Tremont Chamber Of Commerce a legitimate charity?

Based on AI analysis of IRS 990 filings, Southwest Harbor & Tremont Chamber Of Commerce (EIN: 16019950) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

How does Southwest Harbor & Tremont Chamber Of Commerce spend its money?

Southwest Harbor & Tremont Chamber Of Commerce directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Southwest Harbor & Tremont Chamber Of Commerce tax-deductible?

Southwest Harbor & Tremont Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 16019950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Southwest Harbor & Tremont Chamber Of Commerce a good charity?

Based on the available financial data, the organization appears to be a well-managed and efficient entity. It consistently operates near break-even, maintains stable assets, and reports no officer compensation, which are all positive indicators for a small community-focused organization.

How does the organization manage to operate without officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization is likely run by volunteers or that any paid staff are not classified as officers, which is a highly efficient model for a chamber of commerce.

What are the primary sources of revenue for the Chamber?

While specific sources aren't detailed in the summary data, chambers of commerce typically generate revenue through membership dues, event fees, and local sponsorships. The consistent revenue figures (e.g., $105,559 in 2023) suggest a stable base from these types of activities.

Has the organization experienced significant financial growth or decline?

The organization's revenue has fluctuated over the past decade, ranging from a low of $47,200 in 2020 to a high of $105,559 in 2023. While there isn't a consistent growth trajectory, the recent years show a return to higher revenue levels, indicating stability rather than significant decline.

Filing History

IRS 990 filing history for Southwest Harbor & Tremont Chamber Of Commerce showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Southwest Harbor & Tremont Chamber Of Commerce's revenue has grown by 76%, moving from $60K to $106K. Total assets increased by 182% over the same period, from $10K to $28K. Total functional expenses rose by 142.5%, from $44K to $106K. In its most recent filing year (2023), Southwest Harbor & Tremont Chamber Of Commerce reported a deficit of $68, with expenses exceeding revenue. The organization holds $40 in liabilities against $28K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $28K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$106K	$106K	$28K	$40	—	—
2022	$103K	$104K	$28K	$0	—	—
2021	$87K	$75K	$29K	$51	—	View 990
2020	$47K	$53K	$17K	$0	—	—
2019	$70K	$77K	$22K	$0	—	View 990
2018	$84K	$83K	$30K	$0	—	View 990
2017	$72K	$73K	$29K	$0	—	—
2016	$71K	$75K	$30K	$0	—	View 990
2015	$70K	$93K	$34K	$0	—	View 990
2014	$79K	$69K	$58K	$0	—	View 990
2013	$65K	$49K	$47K	$0	—	View 990
2012	$61K	$40K	$31K	$0	—	View 990
2011	$60K	$44K	$10K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $106K, expenses of $106K, and assets of $28K (revenue +2.4% year-over-year).
2022: Revenue of $103K, expenses of $104K, and assets of $28K (revenue +18.4% year-over-year).
2021: Revenue of $87K, expenses of $75K, and assets of $29K (revenue +84.5% year-over-year).
2020: Revenue of $47K, expenses of $53K, and assets of $17K (revenue -32.4% year-over-year).
2019: Revenue of $70K, expenses of $77K, and assets of $22K (revenue -16.7% year-over-year).
2018: Revenue of $84K, expenses of $83K, and assets of $30K (revenue +16.9% year-over-year).
2017: Revenue of $72K, expenses of $73K, and assets of $29K (revenue +1.4% year-over-year).
2016: Revenue of $71K, expenses of $75K, and assets of $30K (revenue +1.6% year-over-year).
2015: Revenue of $70K, expenses of $93K, and assets of $34K (revenue -11.7% year-over-year).
2014: Revenue of $79K, expenses of $69K, and assets of $58K (revenue +21.5% year-over-year).
2013: Revenue of $65K, expenses of $49K, and assets of $47K (revenue +6.7% year-over-year).
2012: Revenue of $61K, expenses of $40K, and assets of $31K (revenue +1.6% year-over-year).
2011: Revenue of $60K, expenses of $44K, and assets of $10K.

Data Sources and Methodology

This transparency report for Southwest Harbor & Tremont Chamber Of Commerce 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.