The American Saddlebred Association Of Maine Incorporated
American Saddlebred Association of Maine shows consistent asset growth and no executive compensation, but experiences periodic deficits.
EIN: 10376971 · Springvale, ME · Updated: 2026-03-28
Is The American Saddlebred Association Of Maine Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The American Saddlebred Association Of Maine Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The American Saddlebred Association Of Maine Incorporated
The American Saddlebred Association Of Maine Incorporated (EIN: 10376971) is a nonprofit organization based in Springvale, ME. The organization reported total revenue of $80K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The American Saddlebred Association Of Maine Incorporated'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 The American Saddlebred Association Of Maine Incorporated 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, The American Saddlebred Association Of Maine Incorporated 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 no executive salaries are paid, which is highly commendable for a nonprofit of its size with latest revenue of $80,073 and assets of $203,223.
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 The American Saddlebred Association Of Maine Incorporated's IRS 990 filings:
- Expenses exceeded revenue in multiple recent periods (e.g., 2022, 2018), indicating potential reliance on reserves or asset drawdowns.
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for The American Saddlebred Association Of Maine Incorporated:
- Consistent asset growth over the past decade, reaching $157,111 in 2022.
- Zero reported liabilities across all available filings, indicating strong financial stability.
- 0% officer compensation reported in all filings, demonstrating a strong commitment to mission-focused spending.
- Good filing history with 9 available IRS 990s, indicating transparency.
- Maintains a healthy asset base relative to its annual revenue, providing financial resilience.
Frequently Asked Questions about The American Saddlebred Association Of Maine Incorporated
Is The American Saddlebred Association Of Maine Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, The American Saddlebred Association Of Maine Incorporated (EIN: 10376971) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does The American Saddlebred Association Of Maine Incorporated spend its money?
The American Saddlebred Association Of Maine Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The American Saddlebred Association Of Maine Incorporated tax-deductible?
The American Saddlebred Association Of Maine Incorporated is registered as a tax-exempt nonprofit (EIN: 10376971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The American Saddlebred Association Of Maine Incorporated a good charity?
Based on the available IRS 990 data, the organization appears to be a good charity. It demonstrates strong financial health with growing assets ($157,111 in 2022) and no reported liabilities. A significant positive is the consistent 0% officer compensation, indicating that all funds are directed towards the mission. While there are periods where expenses exceed revenue, the overall financial management and transparency are positive.
How does the organization manage its expenses when revenue is lower?
In periods where expenses exceeded revenue, such as in 2022 ($64,385 expenses vs. $42,652 revenue) and 2018 ($48,614 expenses vs. $36,579 revenue), the organization likely draws upon its accumulated assets or prior year surpluses to cover the difference. The consistent growth in assets suggests a prudent approach to managing these fluctuations.
What is the primary source of the organization's revenue?
While the specific breakdown of revenue sources (e.g., donations, program service revenue) is not detailed in the provided summary, the fluctuating nature of revenue, with a peak of $90,225 in 2020 and a low of $34,917 in 2013 (excluding the 2011 zero filing), suggests a reliance on varied income streams, potentially including membership fees, event income, or donations related to its mission.
Filing History
IRS 990 filing history for The American Saddlebred Association Of Maine Incorporated showing financial trends over 9 years of public records:
In its most recent filing year (2022), The American Saddlebred Association Of Maine Incorporated reported a deficit of $22K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $43K | $64K | $157K | $0 | — | — |
| 2020 | $90K | $59K | $155K | $0 | — | View 990 |
| 2018 | $37K | $49K | $103K | $0 | — | View 990 |
| 2017 | $46K | $57K | $115K | $0 | — | View 990 |
| 2016 | $47K | $42K | $126K | $0 | — | View 990 |
| 2015 | $47K | $36K | $121K | $0 | — | View 990 |
| 2014 | $48K | $41K | $110K | $0 | — | View 990 |
| 2013 | $35K | $21K | $103K | $0 | — | View 990 |
| 2011 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $43K, expenses of $64K, and assets of $157K (revenue -52.7% year-over-year).
- 2020: Revenue of $90K, expenses of $59K, and assets of $155K (revenue +146.7% year-over-year).
- 2018: Revenue of $37K, expenses of $49K, and assets of $103K (revenue -20.3% year-over-year).
- 2017: Revenue of $46K, expenses of $57K, and assets of $115K (revenue -2.9% year-over-year).
- 2016: Revenue of $47K, expenses of $42K, and assets of $126K (revenue +0.2% year-over-year).
- 2015: Revenue of $47K, expenses of $36K, and assets of $121K (revenue -1.5% year-over-year).
- 2014: Revenue of $48K, expenses of $41K, and assets of $110K (revenue +37.0% year-over-year).
- 2013: Revenue of $35K, expenses of $21K, and assets of $103K.
- 2011: Revenue of $0, expenses of $0, and assets of $0.
Data Sources and Methodology
This transparency report for The American Saddlebred Association Of Maine Incorporated 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.