Waterville Area Womans Club
Waterville Area Woman's Club maintains stable assets and negligible liabilities with a volunteer-led structure.
EIN: 10509876 · Waterville, ME · NTEE: T30J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $63K |
| Total Expenses | $25K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $62,768 |
| Net Assets | $248K |
| Transparency Score | 85/100 |
Is Waterville Area Womans Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterville Area Womans Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterville Area Womans Club
Waterville Area Womans Club (EIN: 10509876) is a nonprofit organization based in Waterville, ME, classified under NTEE code T30J. The organization reported total revenue of $63K and total assets of $227K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterville Area Womans Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterville Area Womans Club is a micro nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $25K |
| Surplus / Deficit | $-7,048 |
| Total Assets | $248K |
| Total Liabilities | $1 |
| Net Assets | $248K |
| Operating Margin | -39.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 118.7 months |
Financial Health Grade: B
In 2023, Waterville Area Womans Club reported a deficit of $7K with expenses exceeding revenue, holds 118.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Waterville Area Womans Club's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.6% | -2.0% | -2.8% |
| 2022 | +99.7% | +41.1% | +1.9% |
| 2021 | +75.0% | -21.1% | -1.2% |
| 2020 | -12.0% | -0.2% | +1.6% |
| 2019 | -75.7% | -35.0% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Waterville Area Womans Club 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: 85%
- fundraising: 0%
According to IRS 990 filings, Waterville Area Womans Club allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This is highly efficient for an organization of its size, with latest revenue of $62,768 and assets of $227,257, as it minimizes overhead 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 Waterville Area Womans Club's IRS 990 filings:
- Frequent operational deficits, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2021, 2020, 2019, 2014, 2012, 2011), indicating reliance on reserves or prior surpluses.
Strengths
The following positive indicators were identified for Waterville Area Womans Club:
- Consistent and stable asset base, maintaining over $227,000 in assets over the past decade, demonstrating financial resilience.
- Negligible liabilities, consistently reported as $1 or less, indicating a very low debt burden and strong financial health.
- Zero officer compensation reported across all filings, highlighting a volunteer-driven model and efficient use of funds.
- Long history of IRS 990 filings (10 filings), indicating a commitment to transparency and regulatory compliance.
Frequently Asked Questions about Waterville Area Womans Club
Is Waterville Area Womans Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterville Area Womans Club (EIN: 10509876) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Waterville Area Womans Club spend its money?
Waterville Area Womans Club directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterville Area Womans Club tax-deductible?
Waterville Area Womans Club is registered as a tax-exempt nonprofit (EIN: 10509876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Waterville Area Womans Club CEO make?
Waterville Area Womans Club's highest-compensated officer earns $62,768 annually. The organization reported $63K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Waterville Area Womans Club compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Waterville Area Womans Club is above average for NTEE category T30J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waterville Area Womans Club located?
Waterville Area Womans Club is headquartered in Waterville, Maine and files with the IRS under EIN 10509876. It is classified under NTEE code T30J.
How many years of IRS 990 filings does Waterville Area Womans Club have?
Waterville Area Womans Club 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 $63K in total revenue.
How does the Waterville Area Woman's Club cover its operational deficits in years where expenses exceed revenue?
The organization likely covers operational deficits, such as the $7,048 deficit in 2023 ($18,026 revenue vs. $25,074 expenses), by drawing from its stable asset base, which was $248,052 in 2023.
What specific programs or activities does the Waterville Area Woman's Club fund?
The provided IRS 990 data summary does not detail specific programs or activities. Further investigation into their public mission statement or annual reports would be needed.
Given the NTEE code T30J (Women's Clubs), how does the organization ensure its activities align with its charitable purpose?
While the NTEE code indicates a focus on women's clubs, the financial data alone does not provide insight into the specific alignment of activities. The consistent operation and asset base suggest ongoing activities, but their direct charitable impact would require reviewing program descriptions.
Filing History
IRS 990 filing history for Waterville Area Womans Club showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Waterville Area Womans Club's revenue has grown by 16.4%, moving from $15K to $18K. Total assets increased by 5.8% over the same period, from $234K to $248K. Total functional expenses rose by 31.2%, from $19K to $25K. In its most recent filing year (2023), Waterville Area Womans Club reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $248K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $248K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $25K | $248K | $1 | — | — |
| 2022 | $30K | $26K | $255K | $1 | — | — |
| 2021 | $15K | $18K | $250K | $1 | — | — |
| 2020 | $9K | $23K | $253K | $1 | — | — |
| 2019 | $10K | $23K | $249K | $1 | — | — |
| 2015 | $41K | $35K | $280K | $1 | — | View 990 |
| 2014 | $27K | $33K | $260K | $306 | — | View 990 |
| 2013 | $28K | $25K | $234K | $270 | — | View 990 |
| 2012 | $14K | $16K | $231K | $0 | — | View 990 |
| 2011 | $15K | $19K | $234K | $215 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $25K, and assets of $248K (revenue -40.6% year-over-year).
- 2022: Revenue of $30K, expenses of $26K, and assets of $255K (revenue +99.7% year-over-year).
- 2021: Revenue of $15K, expenses of $18K, and assets of $250K (revenue +75.0% year-over-year).
- 2020: Revenue of $9K, expenses of $23K, and assets of $253K (revenue -12.0% year-over-year).
- 2019: Revenue of $10K, expenses of $23K, and assets of $249K (revenue -75.7% year-over-year).
- 2015: Revenue of $41K, expenses of $35K, and assets of $280K (revenue +48.0% year-over-year).
- 2014: Revenue of $27K, expenses of $33K, and assets of $260K (revenue -1.9% year-over-year).
- 2013: Revenue of $28K, expenses of $25K, and assets of $234K (revenue +106.2% year-over-year).
- 2012: Revenue of $14K, expenses of $16K, and assets of $231K (revenue -12.4% year-over-year).
- 2011: Revenue of $15K, expenses of $19K, and assets of $234K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterville Area Womans Club:
Data Sources and Methodology
This transparency report for Waterville Area Womans Club 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.