Upper Valley Economic Council
Upper Valley Economic Council consistently generates surpluses, growing assets to over $500,000 with zero liabilities.
EIN: 10529561 · Sherman, ME · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $113K |
| Total Expenses | $38K |
| Program Spending | 90% |
| Net Assets | $516K |
| Transparency Score | 92/100 |
Is Upper Valley Economic Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Upper Valley Economic Council directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Upper Valley Economic Council
Upper Valley Economic Council (EIN: 10529561) is a nonprofit organization based in Sherman, ME, classified under NTEE code S20. The organization reported total revenue of $113K and total assets of $516K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upper Valley Economic Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upper Valley Economic Council is a small nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $38K |
| Surplus / Deficit | +$75K |
| Total Assets | $516K |
| Net Assets | $516K |
| Operating Margin | 66.4% |
| Months of Reserves | 163.5 months |
Financial Health Grade: A
In 2019, Upper Valley Economic Council reported a surplus of $75K with revenue exceeding expenses, holds 163.5 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2019), Upper Valley Economic Council's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -32.0% | -12.9% | +16.9% |
| 2017 | -100.0% | -96.4% | -49.2% |
| 2016 | -13.1% | -19.8% | +19.8% |
| 2015 | +55.2% | +108.8% | +22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Upper Valley Economic Council with a Mission Score of 92 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, Upper Valley Economic Council 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.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $75K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation in all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size and asset base.
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 Upper Valley Economic Council's IRS 990 filings:
- Unusually low reported expenses relative to revenue, especially in 2019 ($37,848 expenses vs. $112,553 revenue), which could indicate significant non-cash activities or very lean operations.
- Zero reported officer compensation for an organization with over $100,000 in annual revenue and over $500,000 in assets, which is uncommon and might warrant further inquiry into how leadership is supported or compensated.
Strengths
The following positive indicators were identified for Upper Valley Economic Council:
- Strong financial health with consistent surpluses and significant asset growth from $32,468 in 2011 to $515,708 in 2019.
- Zero liabilities reported in the latest filing, indicating a very stable financial position.
- High spending efficiency, with expenses consistently much lower than revenue, suggesting a high percentage of funds are retained or used for direct program activities.
- Consistent IRS 990 filing history over nine periods, demonstrating transparency and compliance.
- No reported officer compensation, which could indicate a highly volunteer-driven model or very efficient use of funds.
Frequently Asked Questions about Upper Valley Economic Council
Is Upper Valley Economic Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Upper Valley Economic Council (EIN: 10529561) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Upper Valley Economic Council spend its money?
Upper Valley Economic Council directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Upper Valley Economic Council tax-deductible?
Upper Valley Economic Council is registered as a tax-exempt nonprofit (EIN: 10529561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Upper Valley Economic Council compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Upper Valley Economic Council is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Upper Valley Economic Council located?
Upper Valley Economic Council is headquartered in Sherman, Maine and files with the IRS under EIN 10529561. It is classified under NTEE code S20.
How many years of IRS 990 filings does Upper Valley Economic Council have?
Upper Valley Economic Council has 9 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 $113K in total revenue.
Is Upper Valley Economic Council a good charity?
Based on its financial data, Upper Valley Economic Council appears to be a very good charity. It consistently operates with a surplus, has grown its assets significantly to $515,708 with no liabilities, and shows strong spending efficiency with no reported officer compensation.
How has Upper Valley Economic Council's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $32,468 in 2011 to $515,708 in 2019, and it has consistently generated surpluses, indicating strong financial management and sustainability.
What is the Upper Valley Economic Council's approach to executive compensation?
The Upper Valley Economic Council reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer or compensated through non-officer categories, which is a notable characteristic for an organization of its size.
Filing History
IRS 990 filing history for Upper Valley Economic Council showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Upper Valley Economic Council's revenue has grown by 114.7%, moving from $52K to $113K. Total assets increased by 1488.4% over the same period, from $32K to $516K. Total functional expenses fell by 34%, from $57K to $38K. In its most recent filing year (2019), Upper Valley Economic Council reported a surplus of $75K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $113K | $38K | $516K | $0 | — | View 990 |
| 2018 | $166K | $43K | $441K | $0 | — | View 990 |
| 2017 | $0 | $3K | $103K | $0 | — | View 990 |
| 2016 | $115K | $82K | $202K | $0 | — | View 990 |
| 2015 | $132K | $102K | $168K | $4 | — | View 990 |
| 2014 | $85K | $49K | $138K | $0 | — | View 990 |
| 2013 | $75K | $56K | $101K | $0 | — | View 990 |
| 2012 | $102K | $51K | $83K | $0 | — | View 990 |
| 2011 | $52K | $57K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $113K, expenses of $38K, and assets of $516K (revenue -32.0% year-over-year).
- 2018: Revenue of $166K, expenses of $43K, and assets of $441K.
- 2017: Revenue of $0, expenses of $3K, and assets of $103K (revenue -100.0% year-over-year).
- 2016: Revenue of $115K, expenses of $82K, and assets of $202K (revenue -13.1% year-over-year).
- 2015: Revenue of $132K, expenses of $102K, and assets of $168K (revenue +55.2% year-over-year).
- 2014: Revenue of $85K, expenses of $49K, and assets of $138K (revenue +14.5% year-over-year).
- 2013: Revenue of $75K, expenses of $56K, and assets of $101K (revenue -26.8% year-over-year).
- 2012: Revenue of $102K, expenses of $51K, and assets of $83K (revenue +94.3% year-over-year).
- 2011: Revenue of $52K, expenses of $57K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Upper Valley Economic Council:
Data Sources and Methodology
This transparency report for Upper Valley Economic Council 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.