Sunset Home Of Waterville
Sunset Home Of Waterville maintains stable assets and minimal liabilities with no reported officer compensation.
EIN: 10219135 · Waterville, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| Net Assets | $4.4M |
| Transparency Score | 85/100 |
Is Sunset Home Of Waterville Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sunset Home Of Waterville directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sunset Home Of Waterville
Sunset Home Of Waterville (EIN: 10219135) is a nonprofit organization based in Waterville, ME. The organization reported total revenue of $1.7M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunset Home Of Waterville's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sunset Home Of Waterville is a mid-size nonprofit that has been operating for 83 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-111,913 |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | -10.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 44.7 months |
Financial Health Grade: B
In 2023, Sunset Home Of Waterville reported a deficit of $112K with expenses exceeding revenue, holds 44.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Sunset Home Of Waterville's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.4% | -0.5% | +7.1% |
| 2022 | -7.5% | +8.1% | -17.2% |
| 2021 | +5.1% | -1.0% | +10.7% |
| 2020 | +0.8% | +8.5% | +10.9% |
| 2019 | +7.2% | +3.4% | +24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Sunset Home Of Waterville 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Sunset Home Of Waterville 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of this size and revenue.
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 Sunset Home Of Waterville's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is highly unusual for an organization with over $1 million in annual revenue and could indicate a lack of transparency in how leadership is truly compensated or an unsustainable reliance on unpaid labor.
Strengths
The following positive indicators were identified for Sunset Home Of Waterville:
- Strong asset base, growing from $3.17 million in 2011 to $4.36 million in 2023, indicating financial stability.
- Extremely low or zero reported liabilities across recent filings, demonstrating a healthy balance sheet and minimal debt.
- Consistent filing of IRS Form 990s over a long period (10 filings), indicating good transparency practices.
- Consistent revenue generation over $1 million annually, showing a stable operational scale.
Frequently Asked Questions about Sunset Home Of Waterville
Is Sunset Home Of Waterville a legitimate charity?
Sunset Home Of Waterville (EIN: 10219135) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Sunset Home Of Waterville spend its money?
Sunset Home Of Waterville directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sunset Home Of Waterville tax-deductible?
Sunset Home Of Waterville is registered as a tax-exempt nonprofit (EIN: 10219135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sunset Home Of Waterville located?
Sunset Home Of Waterville is headquartered in Waterville, Maine and files with the IRS under EIN 10219135.
How many years of IRS 990 filings does Sunset Home Of Waterville have?
Sunset Home Of Waterville has 10 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 $1.7M in total revenue.
How does Sunset Home Of Waterville manage to operate without reported officer compensation?
The available IRS 990 data consistently shows 0% officer compensation. This could mean leadership is entirely volunteer, compensated through a different category, or the organization has a unique operational model. Further investigation into the full 990 forms would be needed to clarify.
Is the organization's recent deficit in 2023 a concern?
While expenses ($1,173,069) exceeded revenue ($1,061,156) in 2023, the organization maintains a strong asset base of $4,368,270 and minimal liabilities, suggesting it has reserves to cover short-term deficits. It's not an immediate red flag but warrants monitoring.
What is the long-term trend of Sunset Home Of Waterville's financial health?
Over the past decade, the organization has shown consistent revenue generation, asset growth from $3.1M to $4.3M, and very low liabilities, indicating overall long-term financial stability despite annual fluctuations in surplus/deficit.
Filing History
IRS 990 filing history for Sunset Home Of Waterville showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sunset Home Of Waterville's revenue has declined by 12.6%, moving from $1.2M to $1.1M. Total assets increased by 37.5% over the same period, from $3.2M to $4.4M. Total functional expenses rose by 39.1%, from $843K to $1.2M. In its most recent filing year (2023), Sunset Home Of Waterville reported a deficit of $112K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $4.4M | $1 | — | View 990 |
| 2022 | $1.1M | $1.2M | $4.1M | $1 | — | View 990 |
| 2021 | $1.2M | $1.1M | $4.9M | $1 | — | View 990 |
| 2020 | $1.2M | $1.1M | $4.5M | $1 | — | View 990 |
| 2019 | $1.1M | $1.0M | $4.0M | $0 | — | View 990 |
| 2015 | $1.1M | $982K | $3.2M | $226K | — | View 990 |
| 2014 | $1.0M | $944K | $3.6M | $445K | — | View 990 |
| 2013 | $933K | $873K | $3.6M | $520K | — | View 990 |
| 2012 | $761K | $823K | $3.3M | $509K | — | View 990 |
| 2011 | $1.2M | $843K | $3.2M | $520K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $4.4M (revenue -5.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $4.1M (revenue -7.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $4.9M (revenue +5.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $4.5M (revenue +0.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $4.0M (revenue +7.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $982K, and assets of $3.2M (revenue +6.3% year-over-year).
- 2014: Revenue of $1.0M, expenses of $944K, and assets of $3.6M (revenue +7.7% year-over-year).
- 2013: Revenue of $933K, expenses of $873K, and assets of $3.6M (revenue +22.6% year-over-year).
- 2012: Revenue of $761K, expenses of $823K, and assets of $3.3M (revenue -37.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $843K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sunset Home Of Waterville:
Data Sources and Methodology
This transparency report for Sunset Home Of Waterville 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.