Warren Memorial Foundation
Warren Memorial Foundation consistently spends more than it earns, relying on its substantial asset base.
EIN: 10220759 · Westbrook, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $959K |
| Total Expenses | $175K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.6M |
| Transparency Score | 65/100 |
Is Warren Memorial Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Warren Memorial Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Warren Memorial Foundation
Warren Memorial Foundation (EIN: 10220759) is a nonprofit organization based in Westbrook, ME. The organization reported total revenue of $959K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Warren Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Warren Memorial Foundation is a small nonprofit that has been operating for 84 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $136K |
| Total Expenses | $175K |
| Surplus / Deficit | $-38,842 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 111.4 months |
Financial Health Grade: B
In 2023, Warren Memorial Foundation reported a deficit of $39K with expenses exceeding revenue, holds 111.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.2% | +8.9% | -2.3% |
| 2022 | +139.6% | +92.1% | +6.6% |
| 2021 | +110.5% | -33.3% | +1.8% |
| 2020 | +31.7% | -49.2% | -4.6% |
| 2019 | -52.9% | +38.7% | -11.2% |
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 Warren Memorial Foundation with a Mission Score of 65 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, Warren Memorial Foundation 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 $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization managing assets consistently over $1.5 million. This could imply that leadership roles are entirely volunteer-based or compensated through non-officer channels, warranting further investigation into operational costs.
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 Warren Memorial Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 7 out of 10 periods)
- 0% officer compensation reported, which is unusual for an organization with over $1.5M in assets
- Significant negative revenue reported in 2011 (-$1,438,136) without clear explanation in provided data
Strengths
The following positive indicators were identified for Warren Memorial Foundation:
- Strong and stable asset base, consistently above $1.5 million
- Low liabilities reported ($1 across all filings), indicating strong financial solvency
- Long operational history with 10 years of filing data available
Frequently Asked Questions about Warren Memorial Foundation
Is Warren Memorial Foundation a legitimate charity?
Warren Memorial Foundation (EIN: 10220759) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $959K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Warren Memorial Foundation spend its money?
Warren Memorial Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Warren Memorial Foundation tax-deductible?
Warren Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 10220759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Warren Memorial Foundation CEO make?
Warren Memorial Foundation's highest-compensated officer earns $1.5 annually. The organization reported $959K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Warren Memorial Foundation's spending goes to programs?
Warren Memorial Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Warren Memorial Foundation located?
Warren Memorial Foundation is headquartered in Westbrook, Maine and files with the IRS under EIN 10220759.
How many years of IRS 990 filings does Warren Memorial Foundation have?
Warren Memorial Foundation has 10 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 $959K in total revenue.
How does Warren Memorial Foundation cover its operational deficits?
The foundation appears to cover its operational deficits by drawing from its substantial asset base, which has consistently been above $1.5 million, rather than through annual revenue generation. For instance, in 2023, expenses exceeded revenue by $38,842.
What is the nature of the 'Officer Comp=0%' reporting?
The consistent reporting of 0% officer compensation suggests that either the foundation is entirely volunteer-run at the executive level, or compensation for leadership is structured in a way that it is not reported as officer compensation on the 990, such as through a management company or as general administrative expenses.
Is the foundation's financial model sustainable given its consistent deficits?
While the foundation has a significant asset base, consistently spending more than it earns (as seen in 7 of the last 10 periods) is not a sustainable long-term operational model without a clear strategy for asset growth or increased revenue generation. Its assets have fluctuated but generally remained stable, indicating some level of investment returns or additional contributions.
Filing History
IRS 990 filing history for Warren Memorial Foundation showing financial trends over 10 years of public records:
Total assets decreased by 17.4% over the same period, from $2.0M to $1.6M. Total functional expenses rose by 51.5%, from $116K to $175K. In its most recent filing year (2023), Warren Memorial Foundation reported a deficit of $39K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $136K | $175K | $1.6M | $1 | — | — |
| 2022 | $263K | $161K | $1.7M | $1 | — | View 990 |
| 2021 | $110K | $84K | $1.6M | $1 | — | View 990 |
| 2020 | $52K | $125K | $1.5M | $1 | — | View 990 |
| 2019 | $40K | $247K | $1.6M | $1 | — | — |
| 2015 | $84K | $178K | $1.8M | $1 | — | View 990 |
| 2014 | $249K | $182K | $1.9M | $1 | — | View 990 |
| 2013 | $41K | $166K | $1.8M | $1 | — | View 990 |
| 2012 | $94K | $98K | $2.0M | $1 | — | View 990 |
| 2011 | $-1,438,136 | $116K | $2.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $136K, expenses of $175K, and assets of $1.6M (revenue -48.2% year-over-year).
- 2022: Revenue of $263K, expenses of $161K, and assets of $1.7M (revenue +139.6% year-over-year).
- 2021: Revenue of $110K, expenses of $84K, and assets of $1.6M (revenue +110.5% year-over-year).
- 2020: Revenue of $52K, expenses of $125K, and assets of $1.5M (revenue +31.7% year-over-year).
- 2019: Revenue of $40K, expenses of $247K, and assets of $1.6M (revenue -52.9% year-over-year).
- 2015: Revenue of $84K, expenses of $178K, and assets of $1.8M (revenue -66.3% year-over-year).
- 2014: Revenue of $249K, expenses of $182K, and assets of $1.9M (revenue +504.5% year-over-year).
- 2013: Revenue of $41K, expenses of $166K, and assets of $1.8M (revenue -56.0% year-over-year).
- 2012: Revenue of $94K, expenses of $98K, and assets of $2.0M.
- 2011: Revenue of $-1,438,136, expenses of $116K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Warren Memorial Foundation:
Data Sources and Methodology
This transparency report for Warren Memorial Foundation 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.