Waldo Theater Inc

Waldo Theater Inc shows strong asset growth and no executive compensation, despite a recent operating deficit.

EIN: 10459306 · Waldoboro, ME · NTEE: A65 · Updated: 2026-03-28

$596KRevenue

$1.0MAssets

85/100Mission Score (Excellent)

A65

About Waldo Theater Inc

Waldo Theater Inc (EIN: 10459306) is a nonprofit organization based in Waldoboro, ME, classified under NTEE code A65. The organization reported total revenue of $596K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waldo Theater Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Waldo Theater Inc demonstrates a generally stable financial position with consistent asset growth over the past several years, reaching over $1 million in assets by 2023. While the organization experienced a deficit in 2023, with expenses exceeding revenue by approximately $28,000, this follows a period of significant revenue growth from $120,025 in 2018 to $487,903 in 2023. The organization's liabilities have also increased, reaching $192,897 in 2023, which warrants monitoring but is not immediately alarming given the asset base. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing its transparency and public trust.

Spending efficiency appears to be reasonable, though specific program spending ratios are not detailed in the provided data. However, the absence of officer compensation suggests a lean operational structure at the top. The organization's revenue has shown substantial growth, particularly between 2022 and 2023, indicating increasing community support or successful fundraising efforts. The consistent filing of IRS Form 990s over six periods demonstrates good financial transparency and adherence to regulatory requirements, allowing for public scrutiny of its financial activities.

Overall, Waldo Theater Inc appears to be a financially sound organization with a clear upward trend in its operational scale. The recent deficit in 2023 should be observed in future filings to ensure it's an anomaly rather than a trend. The lack of executive compensation is a significant positive indicator of its dedication to its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Waldo Theater Inc with a Mission Score of 85 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Waldo Theater Inc 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.

Executive Compensation Analysis

Waldo Theater Inc consistently reports 0% officer compensation across all six available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.

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 Theater Inc's IRS 990 filings:

Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $28,170.

Strengths

The following positive indicators were identified for Waldo Theater Inc:

Consistent asset growth, exceeding $1 million by 2023.
Zero officer compensation reported across all filings, indicating strong dedication to mission.
Significant revenue growth over the past five years, from $120,025 in 2018 to $487,903 in 2023.
Consistent IRS 990 filing history, demonstrating good transparency.

Frequently Asked Questions about Waldo Theater Inc

Is Waldo Theater Inc experiencing financial difficulties due to the 2023 deficit?

While Waldo Theater Inc did report a deficit of approximately $28,000 in 2023 (Expenses $516,073 vs. Revenue $487,903), its assets remain strong at over $1 million, suggesting it has reserves to cover short-term shortfalls. This single deficit does not immediately indicate severe financial difficulty, but it warrants monitoring in future periods.

How has Waldo Theater Inc's revenue grown over time?

Waldo Theater Inc has shown significant revenue growth, increasing from $120,025 in 2018 to $487,903 in 2023, representing over a 300% increase in five years. This indicates growing support and operational scale.

What is the trend in Waldo Theater Inc's liabilities?

Waldo Theater Inc's liabilities have increased from $0 in 2018 and 2019 to $192,897 in 2023. While this is an increase, it is still a manageable portion of its total assets ($1,023,243 in 2023).

Filing History

IRS 990 filing history for Waldo Theater Inc showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2018–2023), Waldo Theater Inc's revenue has grown by 306.5%, moving from $120K to $488K. Total assets increased by 65.5% over the same period, from $618K to $1.0M. Total functional expenses rose by 1255.8%, from $38K to $516K. In its most recent filing year (2023), Waldo Theater Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $193K in liabilities against $1.0M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $830K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$488K	$516K	$1.0M	$193K	—	—
2022	$245K	$266K	$1.0M	$168K	—	View 990
2021	$222K	$191K	$1.0M	$169K	—	View 990
2020	$258K	$119K	$1.0M	$185K	—	—
2019	$139K	$88K	$669K	$0	—	View 990
2018	$120K	$38K	$618K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $488K, expenses of $516K, and assets of $1.0M (revenue +99.0% year-over-year).
2022: Revenue of $245K, expenses of $266K, and assets of $1.0M (revenue +10.5% year-over-year).
2021: Revenue of $222K, expenses of $191K, and assets of $1.0M (revenue -14.1% year-over-year).
2020: Revenue of $258K, expenses of $119K, and assets of $1.0M (revenue +86.1% year-over-year).
2019: Revenue of $139K, expenses of $88K, and assets of $669K (revenue +15.6% year-over-year).
2018: Revenue of $120K, expenses of $38K, and assets of $618K.

Data Sources and Methodology

This transparency report for Waldo Theater Inc 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.