Turner Public Library

Turner Public Library maintains strong asset growth and zero liabilities with no officer compensation.

EIN: 10388492 · Turner, ME · Updated: 2026-03-28

$258KRevenue

$627KAssets

95/100Mission Score (Excellent)

About Turner Public Library

Turner Public Library (EIN: 10388492) is a nonprofit organization based in Turner, ME. The organization reported total revenue of $258K and total assets of $627K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turner Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Turner Public Library demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. Over the past decade, the organization has shown a steady increase in assets, growing from $374,498 in 2015 to $627,113 in 2024, indicating sound financial management and accumulation of resources. While recent years (2023 and 2024) show expenses exceeding revenue, this appears to be a short-term trend following a significant revenue spike in 2022 ($159,897). The organization's liabilities consistently being reported as $0 across all filings is a strong indicator of financial health and responsible debt management. The absence of officer compensation further suggests that resources are directly allocated to the library's operations and programs, enhancing its spending efficiency.

The library's spending efficiency appears high, particularly given the lack of reported officer compensation. With no fundraising expenses explicitly detailed in the provided data, it's assumed that a significant portion of expenses are directed towards program services and administrative overhead necessary for library operations. The consistent filing of IRS 990s over 14 periods demonstrates a commitment to transparency, allowing public scrutiny of its financial activities. The detailed financial history provides a clear picture of its revenue and expenditure trends, reinforcing its transparent operations.

Overall, Turner Public Library exhibits strong financial health, high spending efficiency due to minimal overhead costs like executive compensation, and a commendable level of transparency through its consistent public filings. The organization's ability to maintain zero liabilities and grow its asset base over time, despite fluctuations in annual revenue, speaks to its prudent financial stewardship.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Turner Public Library with a Mission Score of 95 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, Turner Public Library 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational model.

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 Turner Public Library's IRS 990 filings:

Expenses exceeding revenue in recent periods (2023, 2024)

Strengths

The following positive indicators were identified for Turner Public Library:

Consistent asset growth from $374,498 in 2015 to $627,113 in 2024
Zero reported liabilities across all filings
0% officer compensation, indicating high efficiency and direct program focus
Consistent IRS 990 filing history (14 filings) demonstrating transparency
Strong financial reserves relative to annual expenses

Frequently Asked Questions about Turner Public Library

Is Turner Public Library a good charity?

Based on the provided financial data, Turner Public Library appears to be a very good charity. It demonstrates strong financial health with growing assets and zero liabilities, high spending efficiency due to no reported officer compensation, and consistent transparency through its IRS 990 filings.

How does Turner Public Library manage its finances without officer compensation?

The consistent reporting of 0% officer compensation suggests that the library is either entirely volunteer-run at the leadership level or that compensation for key personnel is covered through other means not reported as officer compensation on the 990, or falls below reporting thresholds. This indicates a highly efficient and lean operational structure.

What is the trend in Turner Public Library's revenue and expenses?

Over the past decade, revenue has fluctuated significantly, from a low of $31,598 in 2016 to a high of $159,897 in 2022. Expenses have generally increased over time, from $35,786 in 2015 to $119,890 in 2024. In the most recent two periods (2023 and 2024), expenses have exceeded revenue, though the organization maintains a strong asset base.

Does Turner Public Library have a strong financial reserve?

Yes, with assets of $627,113 and annual expenses around $100,000-$120,000 in recent years, the library holds a significant financial reserve, equivalent to several years of operating expenses. This provides substantial financial stability.

Filing History

IRS 990 filing history for Turner Public Library showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Turner Public Library's revenue has grown by 73.2%, moving from $58K to $100K. Total assets increased by 106.2% over the same period, from $304K to $627K. Total functional expenses rose by 205.1%, from $39K to $120K. In its most recent filing year (2024), Turner Public Library reported a deficit of $20K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$100K	$120K	$627K	$0	—	—
2023	$83K	$99K	$581K	$0	—	View 990
2022	$160K	$74K	$549K	$0	—	View 990
2021	$86K	$59K	$534K	$0	—	—
2020	$41K	$59K	$435K	$0	—	View 990
2019	$68K	$62K	$472K	$0	—	View 990
2018	$55K	$45K	$472K	$0	—	View 990
2017	$64K	$42K	$442K	$0	—	View 990
2016	$32K	$38K	$368K	$0	—	View 990
2015	$66K	$36K	$374K	$0	—	View 990
2014	$63K	$46K	$345K	$0	—	View 990
2013	$59K	$43K	$327K	$0	—	View 990
2012	$53K	$46K	$312K	$0	—	View 990
2011	$58K	$39K	$304K	$1	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $100K, expenses of $120K, and assets of $627K (revenue +20.4% year-over-year).
2023: Revenue of $83K, expenses of $99K, and assets of $581K (revenue -47.9% year-over-year).
2022: Revenue of $160K, expenses of $74K, and assets of $549K (revenue +85.4% year-over-year).
2021: Revenue of $86K, expenses of $59K, and assets of $534K (revenue +110.2% year-over-year).
2020: Revenue of $41K, expenses of $59K, and assets of $435K (revenue -39.2% year-over-year).
2019: Revenue of $68K, expenses of $62K, and assets of $472K (revenue +23.5% year-over-year).
2018: Revenue of $55K, expenses of $45K, and assets of $472K (revenue -14.5% year-over-year).
2017: Revenue of $64K, expenses of $42K, and assets of $442K (revenue +102.4% year-over-year).
2016: Revenue of $32K, expenses of $38K, and assets of $368K (revenue -51.9% year-over-year).
2015: Revenue of $66K, expenses of $36K, and assets of $374K (revenue +5.0% year-over-year).
2014: Revenue of $63K, expenses of $46K, and assets of $345K (revenue +6.9% year-over-year).
2013: Revenue of $59K, expenses of $43K, and assets of $327K (revenue +9.6% year-over-year).
2012: Revenue of $53K, expenses of $46K, and assets of $312K (revenue -7.5% year-over-year).
2011: Revenue of $58K, expenses of $39K, and assets of $304K.

Data Sources and Methodology

This transparency report for Turner Public Library 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.