Waldo County Young Mens Christian Association
Waldo County YMCA faces consistent operating deficits despite zero reported officer compensation.
EIN: 10493123 · Belfast, ME · NTEE: P27Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $5.7M |
| Transparency Score | 70/100 |
Is Waldo County Young Mens Christian Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waldo County Young Mens Christian Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waldo County Young Mens Christian Association
Waldo County Young Mens Christian Association (EIN: 10493123) is a nonprofit organization based in Belfast, ME, classified under NTEE code P27Z. The organization reported total revenue of $3.0M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waldo County Young Mens Christian Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waldo County Young Mens Christian Association is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-227,411 |
| Total Assets | $5.8M |
| Total Liabilities | $135K |
| Net Assets | $5.7M |
| Operating Margin | -11.0% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 30.4 months |
Financial Health Grade: B
In 2023, Waldo County Young Mens Christian Association reported a deficit of $227K with expenses exceeding revenue, holds 30.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Waldo County Young Mens Christian Association's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | -0.3% | -1.4% |
| 2022 | -19.8% | +22.5% | -5.6% |
| 2021 | +35.1% | -2.5% | +5.9% |
| 2020 | -7.1% | -11.2% | -0.5% |
| 2019 | +5.5% | +6.0% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Waldo County Young Mens Christian Association 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: 80%
- fundraising: 5%
According to IRS 990 filings, Waldo County Young Mens Christian Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $227K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or receive no reportable compensation, which is highly efficient for an organization with revenues around $2 million.
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 Waldo County Young Mens Christian Association's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $227,411 in 2023, $369,067 in 2022)
- Gradual decline in total assets over the past decade (from $6.6M in 2014 to $5.7M in 2023)
Strengths
The following positive indicators were identified for Waldo County Young Mens Christian Association:
- Excellent executive compensation efficiency with 0% officer compensation reported across all filings
- Consistent filing history of 13 IRS 990s, indicating good regulatory compliance
- Stable liability levels, generally below $250,000, suggesting manageable debt
Frequently Asked Questions about Waldo County Young Mens Christian Association
Is Waldo County Young Mens Christian Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Waldo County Young Mens Christian Association (EIN: 10493123) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Waldo County Young Mens Christian Association spend its money?
Waldo County Young Mens Christian Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waldo County Young Mens Christian Association tax-deductible?
Waldo County Young Mens Christian Association is registered as a tax-exempt nonprofit (EIN: 10493123). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Waldo County Young Mens Christian Association CEO make?
Waldo County Young Mens Christian Association's highest-compensated officer earns $2 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Waldo County Young Mens Christian Association's spending goes to programs?
Waldo County Young Mens Christian Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waldo County Young Mens Christian Association compare to similar nonprofits?
With a transparency score of 70/100 (Good), Waldo County Young Mens Christian Association is above average for NTEE category P27Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waldo County Young Mens Christian Association located?
Waldo County Young Mens Christian Association is headquartered in Belfast, Maine and files with the IRS under EIN 10493123. It is classified under NTEE code P27Z.
How many years of IRS 990 filings does Waldo County Young Mens Christian Association have?
Waldo County Young Mens Christian Association 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 $3.0M in total revenue.
Is Waldo County Young Mens Christian Association financially sustainable given its recent operating deficits?
The organization has experienced consistent operating deficits in recent years (e.g., $227,411 in 2023 and $369,067 in 2022). While its asset base of $5,796,616 in 2023 provides a buffer, this trend is not sustainable long-term without increased revenue or reduced expenses.
What is the reason for the declining asset base from $6.6M in 2014 to $5.7M in 2023?
The gradual decline in assets, coupled with consistent operating deficits, suggests that the organization may be drawing down reserves or experiencing depreciation without sufficient reinvestment or new asset acquisition to offset it.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation indicates that the organization's leadership likely consists of volunteers or individuals compensated through other means not classified as officer compensation on the 990, which is a significant cost-saving measure.
Filing History
IRS 990 filing history for Waldo County Young Mens Christian Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waldo County Young Mens Christian Association's revenue has grown by 41.4%, moving from $1.5M to $2.1M. Total assets decreased by 20.3% over the same period, from $7.3M to $5.8M. Total functional expenses rose by 29.9%, from $1.8M to $2.3M. In its most recent filing year (2023), Waldo County Young Mens Christian Association reported a deficit of $227K, with expenses exceeding revenue. The organization holds $135K in liabilities against $5.8M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $5.8M | $135K | — | View 990 |
| 2022 | $1.9M | $2.3M | $5.9M | $231K | — | View 990 |
| 2021 | $2.4M | $1.9M | $6.2M | $137K | — | View 990 |
| 2020 | $1.8M | $1.9M | $5.9M | $221K | — | View 990 |
| 2019 | $1.9M | $2.2M | $5.9M | $135K | — | View 990 |
| 2018 | $1.8M | $2.0M | $6.2M | $162K | — | View 990 |
| 2017 | $1.8M | $1.9M | $6.4M | $123K | — | View 990 |
| 2016 | $1.7M | $1.8M | $6.4M | $118K | — | View 990 |
| 2015 | $1.6M | $1.8M | $6.5M | $124K | — | View 990 |
| 2014 | $1.7M | $1.8M | $6.7M | $128K | — | View 990 |
| 2013 | $1.6M | $1.7M | $6.8M | $148K | — | View 990 |
| 2012 | $1.5M | $1.7M | $6.9M | $241K | — | View 990 |
| 2011 | $1.5M | $1.8M | $7.3M | $391K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.3M, and assets of $5.8M (revenue +7.0% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.3M, and assets of $5.9M (revenue -19.8% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.9M, and assets of $6.2M (revenue +35.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $5.9M (revenue -7.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.2M, and assets of $5.9M (revenue +5.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.0M, and assets of $6.2M (revenue -1.4% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $6.4M (revenue +5.3% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.8M, and assets of $6.4M (revenue +11.9% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.8M, and assets of $6.5M (revenue -7.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $6.7M (revenue +3.5% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $6.8M (revenue +9.0% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.7M, and assets of $6.9M (revenue +2.9% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.8M, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waldo County Young Mens Christian Association:
Data Sources and Methodology
This transparency report for Waldo County Young Mens Christian Association 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.