Topsham Development Inc

Topsham Development Inc. shows inconsistent revenue generation and recent deficit spending, despite healthy assets and no executive compensation.

EIN: 10495451 · Topsham, ME · NTEE: S32Z · Updated: 2026-03-28

$10KRevenue

$315KAssets

70/100Mission Score (Good)

S32Z

About Topsham Development Inc

Topsham Development Inc (EIN: 10495451) is a nonprofit organization based in Topsham, ME, classified under NTEE code S32Z. The organization reported total revenue of $10K and total assets of $315K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Topsham Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Topsham Development Inc. exhibits a mixed financial picture. While the organization maintains a healthy asset base, reaching $329,830 in 2023, its revenue generation has been highly inconsistent, fluctuating significantly from a high of $150,378 in 2021 to a low of -$3,061 in 2018. The most recent filing shows expenses of $15,020 against revenue of only $2,909, indicating a deficit spending pattern in the last fiscal year. This trend of expenses exceeding revenue is also visible in several prior years, such as 2016 ($21,086 expenses vs. $1,342 revenue) and 2014 ($20,655 expenses vs. $1,367 revenue).

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure at the executive level, which is a positive indicator for donor confidence. The absence of liabilities in recent years (2017-2023) also points to sound financial management in terms of debt.

Transparency appears to be strong regarding executive compensation, with no reported officer compensation. However, the lack of detailed expense categorization in the provided data limits a full assessment of how efficiently funds are allocated across programs, administration, and fundraising. The significant fluctuations in revenue and occasional deficit spending warrant closer examination to understand the sustainability of their operations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Topsham Development Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Topsham Development Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for donor trust and suggests a volunteer-driven leadership.

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 Topsham Development Inc's IRS 990 filings:

Inconsistent and highly fluctuating revenue streams, making financial planning challenging.
Recent deficit spending, with expenses ($15,020 in 2023) significantly exceeding revenue ($2,909 in 2023).
Lack of detailed expense breakdown in the provided data, hindering a full assessment of program efficiency.

Strengths

The following positive indicators were identified for Topsham Development Inc:

Strong asset base, reaching $329,830 in 2023, providing a buffer against revenue fluctuations.
Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
Absence of liabilities in recent years (2017-2023), suggesting good debt management.

Frequently Asked Questions about Topsham Development Inc

Is Topsham Development Inc. financially stable given its fluctuating revenue?

While the organization has a substantial asset base of $329,830 (2023), its revenue has been highly inconsistent, ranging from a loss of $3,061 in 2018 to a gain of $150,378 in 2021. The most recent filing shows expenses ($15,020) significantly exceeding revenue ($2,909), which raises concerns about short-term operational stability despite healthy assets.

How does Topsham Development Inc. manage its expenses?

Expense management varies. In some years, like 2021, expenses were very low ($410) compared to revenue ($150,378). However, in other years, such as 2023, 2016, and 2014, expenses significantly outpaced revenue, indicating periods of deficit spending. Without a detailed breakdown of expense categories, it's hard to assess efficiency beyond the overall figures.

What is the organization's approach to executive compensation?

Topsham Development Inc. consistently reports 0% officer compensation across all 13 filings, indicating a strong commitment to minimizing administrative overhead at the executive level and likely relying on volunteer leadership.

Filing History

IRS 990 filing history for Topsham Development Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Topsham Development Inc's revenue has grown by 35.2%, moving from $2K to $3K. Total assets increased by 105.7% over the same period, from $160K to $330K. Total functional expenses rose by 132.4%, from $6K to $15K. In its most recent filing year (2023), Topsham Development Inc reported a deficit of $12K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3K	$15K	$330K	$0	—	—
2022	$51K	$22K	$342K	$0	—	View 990
2021	$150K	$410	$313K	$0	—	—
2020	$101K	$43K	$163K	$0	—	View 990
2019	$2K	$5K	$105K	$0	—	View 990
2018	$-3,061	$3K	$108K	$0	—	View 990
2017	$1K	$4K	$114K	$0	—	View 990
2016	$1K	$21K	$162K	$46K	—	View 990
2015	$1K	$4K	$155K	$20K	—	View 990
2014	$1K	$21K	$153K	$15K	—	View 990
2013	$10K	$11K	$158K	$0	—	View 990
2012	$3K	$6K	$158K	$0	—	View 990
2011	$2K	$6K	$160K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3K, expenses of $15K, and assets of $330K (revenue -94.3% year-over-year).
2022: Revenue of $51K, expenses of $22K, and assets of $342K (revenue -66.1% year-over-year).
2021: Revenue of $150K, expenses of $410, and assets of $313K (revenue +48.7% year-over-year).
2020: Revenue of $101K, expenses of $43K, and assets of $163K (revenue +5216.0% year-over-year).
2019: Revenue of $2K, expenses of $5K, and assets of $105K.
2018: Revenue of $-3,061, expenses of $3K, and assets of $108K (revenue -337.7% year-over-year).
2017: Revenue of $1K, expenses of $4K, and assets of $114K (revenue -4.0% year-over-year).
2016: Revenue of $1K, expenses of $21K, and assets of $162K (revenue +7.0% year-over-year).
2015: Revenue of $1K, expenses of $4K, and assets of $155K (revenue -8.3% year-over-year).
2014: Revenue of $1K, expenses of $21K, and assets of $153K (revenue -86.7% year-over-year).
2013: Revenue of $10K, expenses of $11K, and assets of $158K (revenue +216.5% year-over-year).
2012: Revenue of $3K, expenses of $6K, and assets of $158K (revenue +50.6% year-over-year).
2011: Revenue of $2K, expenses of $6K, and assets of $160K.

Data Sources and Methodology

This transparency report for Topsham Development Inc 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.