U S M Student Senate
U S M Student Senate: Declining Revenue and Asset Trends Raise Sustainability Concerns
EIN: 222494572 · Portland, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $542K |
| Total Expenses | $449K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $259K |
| Transparency Score | 65/100 |
Is U S M Student Senate Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
U S M Student Senate directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About U S M Student Senate
U S M Student Senate (EIN: 222494572) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $542K and total assets of $288K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of U S M Student Senate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
U S M Student Senate is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $485K |
| Total Expenses | $449K |
| Surplus / Deficit | +$36K |
| Total Assets | $265K |
| Total Liabilities | $6K |
| Net Assets | $259K |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2024, U S M Student Senate reported a surplus of $36K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), U S M Student Senate's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -23.3% | -44.5% | -65.5% |
| 2023 | -5.1% | -5.0% | -18.4% |
| 2022 | -7.9% | +24.6% | -16.7% |
| 2021 | -31.0% | -10.4% | +6.3% |
| 2020 | +44.9% | +7.3% | +35.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 U S M Student Senate with a Mission Score of 65 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, U S M Student Senate allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is not a concern as the organization reports $0 in compensation for all officers, directors, trustees, and key employees across all available filings.
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 U S M Student Senate's IRS 990 filings:
- Total revenue has significantly declined from $1,050,445 in 2020 to $485,252 in 2024, representing a 53.8% decrease.
- Total assets have decreased from $1,132,246 in 2021 to $265,368 in 2024, a substantial 76.6% reduction.
- The organization reported a net loss of $359,944 in 2023 and $449,031 in 2024, indicating a persistent deficit.
Strengths
The following positive indicators were identified for U S M Student Senate:
- Consistent filing of IRS Form 990s demonstrates a commitment to financial transparency.
- The organization operates with no reported executive compensation, indicating a lean operational model.
- Despite financial challenges, the organization continues to operate and serve its student body.
Frequently Asked Questions about U S M Student Senate
Is U S M Student Senate a legitimate charity?
U S M Student Senate (EIN: 222494572) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $542K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does U S M Student Senate spend its money?
U S M Student Senate directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to U S M Student Senate tax-deductible?
U S M Student Senate is registered as a tax-exempt nonprofit (EIN: 222494572). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the U S M Student Senate CEO make?
U S M Student Senate's highest-compensated officer earns $0 annually. The organization reported $542K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of U S M Student Senate's spending goes to programs?
U S M Student Senate directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is U S M Student Senate located?
U S M Student Senate is headquartered in Portland, Maine and files with the IRS under EIN 222494572.
How many years of IRS 990 filings does U S M Student Senate have?
U S M Student Senate has 13 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 $542K in total revenue.
What does U S M Student Senate do?
U S M Student Senate is a nonprofit organization in the Unknown sector, located in Portland, Maine. It is classified under NTEE code Unknown.
How much revenue does U S M Student Senate have?
U S M Student Senate reported total revenue of $541,961. Based on 13 IRS 990 filings on record.
What are U S M Student Senate's total assets?
U S M Student Senate holds total assets of $287,651 as reported in IRS 990 filings.
Where is U S M Student Senate located?
U S M Student Senate is based in Portland, Maine.
What is U S M Student Senate's EIN?
U S M Student Senate's Employer Identification Number (EIN) is 222494572. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is U S M Student Senate?
U S M Student Senate is classified under NTEE code Unknown (Unknown).
Is U S M Student Senate a registered 501(c)(3)?
U S M Student Senate appears in IRS records (EIN: 222494572). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does U S M Student Senate file IRS Form 990?
Yes, U S M Student Senate has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was U S M Student Senate's revenue in 2024?
In the 202406 filing period, U S M Student Senate reported total revenue of $485,252, total expenses of $449,031, and net assets of $265,368.
Is U S M Student Senate's revenue growing or declining?
U S M Student Senate's revenue is declining. Revenue went from $632,990 (202306) to $485,252 (202406), a -23.3% change. Based on 13 filings on record.
What is U S M Student Senate's most recent 990 filing?
The most recent IRS Form 990 filing for U S M Student Senate covers tax period 202406. It shows revenue of $485,252, expenses of $449,031, total assets of $265,368, and liabilities of $6,365.
How much does U S M Student Senate spend on programs vs administration?
Based on IRS 990 analysis, U S M Student Senate allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is U S M Student Senate a trustworthy charity?
Based on AI analysis of IRS 990 data, U S M Student Senate shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for U S M Student Senate?
The following concerns were identified: Total revenue has significantly declined from $1,050,445 in 2020 to $485,252 in 2024, representing a 53.8% decrease.. Total assets have decreased from $1,132,246 in 2021 to $265,368 in 2024, a substantial 76.6% reduction.. The organization reported a net loss of $359,944 in 2023 and $449,031 in 2024, indicating a persistent deficit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are U S M Student Senate's strengths?
Positive indicators for U S M Student Senate include: Consistent filing of IRS Form 990s demonstrates a commitment to financial transparency.. The organization operates with no reported executive compensation, indicating a lean operational model.. Despite financial challenges, the organization continues to operate and serve its student body.. These findings are derived from AI analysis of the organization's financial filings.
How does U S M Student Senate compensate executives?
Executive compensation is not a concern as the organization reports $0 in compensation for all officers, directors, trustees, and key employees across all available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic decline in revenue and assets, particularly the drop from over $1 million in assets in 2021 to under $300,000 in 2024?
The provided data does not specify the exact reasons for the decline, but it's a critical area for further investigation. Potential factors could include reduced student fees, changes in university funding, or significant one-time expenditures not offset by revenue.
Given the consistent net losses in recent years, what strategies are being implemented to ensure the long-term financial viability of the U S M Student Senate?
The financial data shows a trend of expenses exceeding revenue. Without additional information, it's unclear what specific strategies are in place to reverse this trend and ensure the organization's sustainability.
Filing History
IRS 990 filing history for U S M Student Senate showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), U S M Student Senate's revenue has declined by 53.4%, moving from $1.0M to $485K. Total assets decreased by 48.5% over the same period, from $515K to $265K. Total functional expenses fell by 46.1%, from $833K to $449K. In its most recent filing year (2024), U S M Student Senate reported a surplus of $36K, with revenue exceeding expenses. The organization holds $6K in liabilities against $265K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $259K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $485K | $449K | $265K | $6K | — | — |
| 2023 | $633K | $809K | $770K | $24K | — | View 990 |
| 2022 | $667K | $852K | $943K | $23K | — | View 990 |
| 2021 | $724K | $684K | $1.1M | $22K | — | View 990 |
| 2020 | $1.1M | $763K | $1.1M | $3K | — | — |
| 2019 | $725K | $710K | $785K | $10K | — | View 990 |
| 2018 | $756K | $762K | $779K | $20K | — | View 990 |
| 2017 | $941K | $798K | $766K | $408 | — | View 990 |
| 2016 | $775K | $753K | $636K | $14K | — | View 990 |
| 2014 | $838K | $825K | $561K | $10K | — | View 990 |
| 2013 | $849K | $871K | $543K | $5K | — | View 990 |
| 2012 | $913K | $824K | $565K | $5K | — | View 990 |
| 2011 | $1.0M | $833K | $515K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $485K, expenses of $449K, and assets of $265K (revenue -23.3% year-over-year).
- 2023: Revenue of $633K, expenses of $809K, and assets of $770K (revenue -5.1% year-over-year).
- 2022: Revenue of $667K, expenses of $852K, and assets of $943K (revenue -7.9% year-over-year).
- 2021: Revenue of $724K, expenses of $684K, and assets of $1.1M (revenue -31.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $763K, and assets of $1.1M (revenue +44.9% year-over-year).
- 2019: Revenue of $725K, expenses of $710K, and assets of $785K (revenue -4.1% year-over-year).
- 2018: Revenue of $756K, expenses of $762K, and assets of $779K (revenue -19.7% year-over-year).
- 2017: Revenue of $941K, expenses of $798K, and assets of $766K (revenue +21.5% year-over-year).
- 2016: Revenue of $775K, expenses of $753K, and assets of $636K (revenue -7.5% year-over-year).
- 2014: Revenue of $838K, expenses of $825K, and assets of $561K (revenue -1.3% year-over-year).
- 2013: Revenue of $849K, expenses of $871K, and assets of $543K (revenue -7.0% year-over-year).
- 2012: Revenue of $913K, expenses of $824K, and assets of $565K (revenue -12.3% year-over-year).
- 2011: Revenue of $1.0M, expenses of $833K, and assets of $515K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for U S M Student Senate:
Data Sources and Methodology
This transparency report for U S M Student Senate 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.