Waterville Area Ymca
Waterville Area YMCA faces consistent operating deficits and rising liabilities despite stable revenue.
EIN: 10283465 · Waterville, ME · NTEE: P27Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Program Spending | 75% |
| Net Assets | $363K |
| Transparency Score | 65/100 |
Is Waterville Area Ymca Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterville Area Ymca directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterville Area Ymca
Waterville Area Ymca (EIN: 10283465) is a nonprofit organization based in Waterville, ME, classified under NTEE code P27Z. The organization reported total revenue of $1.1M and total assets of $745K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterville Area Ymca's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterville Area Ymca is a mid-size nonprofit that has been operating for 55 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-81,436 |
| Total Assets | $789K |
| Total Liabilities | $426K |
| Net Assets | $363K |
| Operating Margin | -8.0% |
| Debt-to-Asset Ratio | 54.0% |
| Months of Reserves | 8.6 months |
Financial Health Grade: C
In 2023, Waterville Area Ymca reported a deficit of $81K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 54.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Waterville Area Ymca's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.5% | +54.4% | -8.8% |
| 2022 | +122.0% | +26.2% | -1.7% |
| 2021 | -63.7% | -38.5% | +21.8% |
| 2020 | -25.4% | -15.5% | -15.3% |
| 2019 | -6.2% | +7.3% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 Ymca 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: 75%
- fundraising: 10%
According to IRS 990 filings, Waterville Area Ymca allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.0%.
Executive Compensation Analysis
The Waterville Area YMCA consistently reports 0% officer compensation across all available filings, suggesting that executive compensation is either very low, non-existent, or structured in a way that is not reported under this specific line item on the 990, which is a positive indicator for resource allocation.
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 Ymca's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $81,436 in 2023, $77,893 in 2022).
- Significant increase in liabilities from $0 in 2019 to $425,937 in 2023.
- Declining assets from $880,518 in 2021 to $789,027 in 2023 while liabilities are rising.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- Revenue volatility, particularly the sharp drop in 2021 to $287,222.
Strengths
The following positive indicators were identified for Waterville Area Ymca:
- No reported officer compensation across all filings, indicating low executive overhead.
- Revenue has recovered to pre-pandemic levels in 2023 ($1,023,474).
- Long history of IRS 990 filings (12 filings), indicating consistent reporting.
- Maintained significant assets ($789,027 in 2023) despite financial challenges.
Frequently Asked Questions about Waterville Area Ymca
Is Waterville Area Ymca a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterville Area Ymca (EIN: 10283465) some concerns. Mission Score: 65/100. 5 red flags identified, 4 strengths noted.
How does Waterville Area Ymca spend its money?
Waterville Area Ymca directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterville Area Ymca tax-deductible?
Waterville Area Ymca is registered as a tax-exempt nonprofit (EIN: 10283465). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waterville Area Ymca's spending goes to programs?
Waterville Area Ymca directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waterville Area Ymca compare to similar nonprofits?
With a transparency score of 65/100 (Good), Waterville Area Ymca 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 Waterville Area Ymca located?
Waterville Area Ymca is headquartered in Waterville, Maine and files with the IRS under EIN 10283465. It is classified under NTEE code P27Z.
How many years of IRS 990 filings does Waterville Area Ymca have?
Waterville Area Ymca has 12 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 $1.1M in total revenue.
Why has the organization consistently operated at a deficit in recent years?
The filings show expenses exceeding revenue in 2023 ($1,104,910 vs $1,023,474), 2022 ($715,595 vs $637,702), 2021 ($566,839 vs $287,222), and 2020 ($922,132 vs $791,981). Understanding the reasons for these deficits is crucial for financial stability.
What caused the significant increase in liabilities from $0 in 2019 to $425,937 in 2023?
The rapid accumulation of liabilities is a major concern and could indicate new debt, deferred payments, or other financial obligations that need to be understood.
How does the organization plan to address its long-term financial sustainability given the operating deficits and increasing liabilities?
With assets declining and liabilities rising, the current financial trajectory appears unsustainable without strategic changes to revenue generation or expense management.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without this information, it's challenging to accurately assess spending efficiency and ensure that the majority of funds are directed towards programmatic activities.
Is the 0% officer compensation accurate, or is compensation structured differently?
While positive, it's worth confirming if executive leadership is compensated through other means not captured by the 'officer compensation' line item.
Filing History
IRS 990 filing history for Waterville Area Ymca showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Waterville Area Ymca's revenue has grown by 35.1%, moving from $757K to $1.0M. Total assets increased by 56.5% over the same period, from $504K to $789K. Total functional expenses rose by 11.4%, from $992K to $1.1M. In its most recent filing year (2023), Waterville Area Ymca reported a deficit of $81K, with expenses exceeding revenue. The organization holds $426K in liabilities against $789K in assets (debt-to-asset ratio: 54.0%), resulting in net assets of $363K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $789K | $426K | — | View 990 |
| 2022 | $638K | $716K | $865K | $327K | — | View 990 |
| 2021 | $287K | $567K | $881K | $273K | — | View 990 |
| 2020 | $792K | $922K | $723K | $76K | — | View 990 |
| 2019 | $1.1M | $1.1M | $853K | $0 | — | View 990 |
| 2018 | $1.1M | $1.0M | $875K | $0 | — | View 990 |
| 2017 | $1.1M | $997K | $723K | $0 | — | View 990 |
| 2016 | $1.1M | $1.1M | $623K | $0 | — | View 990 |
| 2015 | $932K | $931K | $646K | $0 | — | View 990 |
| 2014 | $826K | $826K | $630K | $0 | — | View 990 |
| 2013 | $730K | $714K | $583K | $0 | — | View 990 |
| 2012 | $757K | $992K | $504K | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $789K (revenue +60.5% year-over-year).
- 2022: Revenue of $638K, expenses of $716K, and assets of $865K (revenue +122.0% year-over-year).
- 2021: Revenue of $287K, expenses of $567K, and assets of $881K (revenue -63.7% year-over-year).
- 2020: Revenue of $792K, expenses of $922K, and assets of $723K (revenue -25.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $853K (revenue -6.2% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $875K (revenue +7.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $997K, and assets of $723K (revenue -1.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $623K (revenue +14.6% year-over-year).
- 2015: Revenue of $932K, expenses of $931K, and assets of $646K (revenue +12.8% year-over-year).
- 2014: Revenue of $826K, expenses of $826K, and assets of $630K (revenue +13.2% year-over-year).
- 2013: Revenue of $730K, expenses of $714K, and assets of $583K (revenue -3.7% year-over-year).
- 2012: Revenue of $757K, expenses of $992K, and assets of $504K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterville Area Ymca:
Data Sources and Methodology
This transparency report for Waterville Area Ymca 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.