United Way Of The Tri Valley Area
United Way Of The Tri Valley Area faces recent operating deficits despite consistent asset levels.
EIN: 10377559 · Farmington, ME · Updated: 2026-03-28
Is United Way Of The Tri Valley Area Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of The Tri Valley Area directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of The Tri Valley Area
United Way Of The Tri Valley Area (EIN: 10377559) is a nonprofit organization based in Farmington, ME. The organization reported total revenue of $351K and total assets of $306K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of The Tri Valley Area's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of The Tri Valley Area is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $437K |
| Surplus / Deficit | $-120,793 |
| Total Assets | $298K |
| Total Liabilities | $15K |
| Net Assets | $283K |
| Operating Margin | -38.2% |
| Debt-to-Asset Ratio | 4.9% |
| Months of Reserves | 8.2 months |
Financial Health Grade: B
In 2023, United Way Of The Tri Valley Area reported a deficit of $121K with expenses exceeding revenue, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Way Of The Tri Valley Area's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.9% | -16.4% | -28.2% |
| 2022 | -39.1% | +0.1% | -30.5% |
| 2021 | +12.3% | +5.6% | +10.6% |
| 2020 | +21.9% | +30.2% | +1.9% |
| 2019 | +4.5% | +2.1% | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 United Way Of The Tri Valley Area 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, United Way Of The Tri Valley Area allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $121K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of this size (latest revenue $351,419).
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 United Way Of The Tri Valley Area's IRS 990 filings:
- Consecutive years of operating deficits (2022 and 2023)
- Significant decrease in assets from $414,345 in 2022 to $297,698 in 2023, potentially to cover deficits
Strengths
The following positive indicators were identified for United Way Of The Tri Valley Area:
- Consistent history of IRS 990 filings, indicating transparency and compliance
- Zero reported officer compensation across all available filings
- Relatively low liabilities, suggesting good short-term financial management
Frequently Asked Questions about United Way Of The Tri Valley Area
Is United Way Of The Tri Valley Area a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of The Tri Valley Area (EIN: 10377559) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does United Way Of The Tri Valley Area spend its money?
United Way Of The Tri Valley Area directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of The Tri Valley Area tax-deductible?
United Way Of The Tri Valley Area is registered as a tax-exempt nonprofit (EIN: 10377559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is United Way Of The Tri Valley Area experiencing financial instability due to recent operating deficits?
The organization has reported expenses exceeding revenue in 2022 ($522,495 vs $347,163) and 2023 ($437,022 vs $316,229). While assets remain stable, continued deficits could impact long-term sustainability.
How does the organization fund its operations given the recent deficits?
The deficits suggest the organization is drawing down on its assets or relying on prior year surpluses. For example, assets decreased from $414,345 in 2022 to $297,698 in 2023, which aligns with covering the operating deficit.
What is the breakdown of program, administrative, and fundraising expenses?
Specific percentages for program, administrative, and fundraising expenses are not provided in the given data, making it difficult to assess spending efficiency in detail beyond the overall expense figures.
Is the lack of officer compensation sustainable for leadership?
While 0% officer compensation is positive for donors, it raises questions about how leadership is compensated or if it relies on volunteer efforts, which could impact long-term leadership stability and capacity.
Filing History
IRS 990 filing history for United Way Of The Tri Valley Area showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of The Tri Valley Area's revenue has declined by 21.9%, moving from $405K to $316K. Total assets decreased by 20.9% over the same period, from $376K to $298K. Total functional expenses rose by 23%, from $355K to $437K. In its most recent filing year (2023), United Way Of The Tri Valley Area reported a deficit of $121K, with expenses exceeding revenue. The organization holds $15K in liabilities against $298K in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $283K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316K | $437K | $298K | $15K | — | — |
| 2022 | $347K | $522K | $414K | $10K | — | View 990 |
| 2021 | $570K | $522K | $596K | $17K | — | View 990 |
| 2020 | $508K | $495K | $539K | $8K | — | — |
| 2019 | $416K | $380K | $529K | $6K | — | View 990 |
| 2018 | $398K | $372K | $411K | $5K | — | View 990 |
| 2017 | $351K | $339K | $384K | $4K | — | View 990 |
| 2016 | $341K | $387K | $370K | $3K | — | View 990 |
| 2015 | $415K | $409K | $417K | $4K | — | View 990 |
| 2014 | $427K | $427K | $410K | $3K | — | View 990 |
| 2013 | $423K | $401K | $410K | $3K | — | View 990 |
| 2012 | $401K | $355K | $390K | $5K | — | View 990 |
| 2011 | $405K | $355K | $376K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $316K, expenses of $437K, and assets of $298K (revenue -8.9% year-over-year).
- 2022: Revenue of $347K, expenses of $522K, and assets of $414K (revenue -39.1% year-over-year).
- 2021: Revenue of $570K, expenses of $522K, and assets of $596K (revenue +12.3% year-over-year).
- 2020: Revenue of $508K, expenses of $495K, and assets of $539K (revenue +21.9% year-over-year).
- 2019: Revenue of $416K, expenses of $380K, and assets of $529K (revenue +4.5% year-over-year).
- 2018: Revenue of $398K, expenses of $372K, and assets of $411K (revenue +13.3% year-over-year).
- 2017: Revenue of $351K, expenses of $339K, and assets of $384K (revenue +3.0% year-over-year).
- 2016: Revenue of $341K, expenses of $387K, and assets of $370K (revenue -17.9% year-over-year).
- 2015: Revenue of $415K, expenses of $409K, and assets of $417K (revenue -2.6% year-over-year).
- 2014: Revenue of $427K, expenses of $427K, and assets of $410K (revenue +0.9% year-over-year).
- 2013: Revenue of $423K, expenses of $401K, and assets of $410K (revenue +5.5% year-over-year).
- 2012: Revenue of $401K, expenses of $355K, and assets of $390K (revenue -1.0% year-over-year).
- 2011: Revenue of $405K, expenses of $355K, and assets of $376K.
Data Sources and Methodology
This transparency report for United Way Of The Tri Valley Area 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.