Wardwell Home For The Aging
Wardwell Home For The Aging maintains stable assets and decreasing liabilities, with consistent revenue generally covering expenses.
EIN: 10213987 · Saco, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $10.3M |
| Transparency Score | 85/100 |
Is Wardwell Home For The Aging Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wardwell Home For The Aging directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wardwell Home For The Aging
Wardwell Home For The Aging (EIN: 10213987) is a nonprofit organization based in Saco, ME. The organization reported total revenue of $3.2M and total assets of $12.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wardwell Home For The Aging's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wardwell Home For The Aging is a mid-size nonprofit that has been operating for 84 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-95,155 |
| Total Assets | $11.9M |
| Total Liabilities | $1.6M |
| Net Assets | $10.3M |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 79.8 months |
Financial Health Grade: B
In 2023, Wardwell Home For The Aging reported a deficit of $95K with expenses exceeding revenue, holds 79.8 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Wardwell Home For The Aging's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | +6.1% | -0.4% |
| 2022 | -6.7% | +12.1% | -3.3% |
| 2021 | +7.8% | +0.7% | +6.6% |
| 2020 | +25.2% | +6.0% | +1.7% |
| 2016 | -15.0% | +4.0% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Wardwell Home For The Aging 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, Wardwell Home For The Aging 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 $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either uncompensated officers or a highly transparent approach to executive pay, which is commendable for an organization with assets exceeding $12 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 Wardwell Home For The Aging's IRS 990 filings:
- Lack of detailed expense breakdown prevents precise spending efficiency analysis
- Slight deficit in the most recent reported period (202306) where expenses exceeded revenue
Strengths
The following positive indicators were identified for Wardwell Home For The Aging:
- Strong asset base, consistently over $10 million
- Positive trend in reducing liabilities over the past decade
- Consistent reporting of 0% officer compensation, indicating transparency or volunteer leadership
- Long history of IRS 990 filings (9 filings), suggesting consistent compliance
Frequently Asked Questions about Wardwell Home For The Aging
Is Wardwell Home For The Aging a legitimate charity?
Wardwell Home For The Aging (EIN: 10213987) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $3.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Wardwell Home For The Aging spend its money?
Wardwell Home For The Aging directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wardwell Home For The Aging tax-deductible?
Wardwell Home For The Aging is registered as a tax-exempt nonprofit (EIN: 10213987). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wardwell Home For The Aging CEO make?
Wardwell Home For The Aging's highest-compensated officer earns $12 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wardwell Home For The Aging's spending goes to programs?
Wardwell Home For The Aging directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Wardwell Home For The Aging located?
Wardwell Home For The Aging is headquartered in Saco, Maine and files with the IRS under EIN 10213987.
How many years of IRS 990 filings does Wardwell Home For The Aging have?
Wardwell Home For The Aging 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 $3.2M in total revenue.
Is Wardwell Home For The Aging financially stable?
Yes, the organization appears financially stable, consistently holding over $10 million in assets and showing a positive trend in reducing liabilities from $2,508,338 in 2012 to $1,606,459 in 2023.
How does Wardwell Home For The Aging manage executive compensation?
All available IRS 990 filings report 0% officer compensation, suggesting that executive leadership is either uncompensated or compensated through other means not categorized as 'officer compensation' in these summaries, which warrants further investigation for full clarity.
What is the trend in Wardwell Home For The Aging's revenue and expenses?
Revenue and expenses have generally been consistent, with revenues typically covering expenses. However, the 202306 period showed expenses ($1,783,918) slightly exceeding revenue ($1,688,763).
Filing History
IRS 990 filing history for Wardwell Home For The Aging showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Wardwell Home For The Aging's revenue has declined by 44.7%, moving from $3.1M to $1.7M. Total assets increased by 12.8% over the same period, from $10.5M to $11.9M. Total functional expenses rose by 62.5%, from $1.1M to $1.8M. In its most recent filing year (2023), Wardwell Home For The Aging reported a deficit of $95K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $11.9M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.8M | $11.9M | $1.6M | — | View 990 |
| 2022 | $1.6M | $1.7M | $11.9M | $1.7M | — | View 990 |
| 2021 | $1.8M | $1.5M | $12.3M | $1.8M | — | View 990 |
| 2020 | $1.6M | $1.5M | $11.6M | $1.9M | — | View 990 |
| 2016 | $1.3M | $1.4M | $11.4M | $2.2M | — | View 990 |
| 2015 | $1.5M | $1.4M | $11.3M | $2.3M | — | View 990 |
| 2014 | $2.0M | $1.3M | $11.4M | $2.3M | — | View 990 |
| 2013 | $1.5M | $1.2M | $10.9M | $2.4M | — | View 990 |
| 2012 | $3.1M | $1.1M | $10.5M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $11.9M (revenue +3.4% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.7M, and assets of $11.9M (revenue -6.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.5M, and assets of $12.3M (revenue +7.8% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.5M, and assets of $11.6M (revenue +25.2% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $11.4M (revenue -15.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $11.3M (revenue -22.0% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.3M, and assets of $11.4M (revenue +28.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.2M, and assets of $10.9M (revenue -49.9% year-over-year).
- 2012: Revenue of $3.1M, expenses of $1.1M, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wardwell Home For The Aging:
Data Sources and Methodology
This transparency report for Wardwell Home For The Aging 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.