Waterville Country Club Incorporated
Waterville Country Club Incorporated shows stable finances with increasing assets and no reported officer compensation.
EIN: 10204920 · Oakland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.2M |
| Transparency Score | 65/100 |
Is Waterville Country Club Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterville Country Club Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterville Country Club Incorporated
Waterville Country Club Incorporated (EIN: 10204920) is a nonprofit organization based in Oakland, ME. The organization reported total revenue of $2.1M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterville Country Club Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterville Country Club Incorporated is a mid-size nonprofit that has been operating for 54 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$95K |
| Total Assets | $1.7M |
| Total Liabilities | $458K |
| Net Assets | $1.2M |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 26.9% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, Waterville Country Club Incorporated reported a surplus of $95K with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Waterville Country Club Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.5% | -4.1% | +24.3% |
| 2022 | +1.7% | +8.4% | -6.5% |
| 2021 | +46.6% | +11.1% | +27.1% |
| 2020 | -6.2% | -8.5% | +10.9% |
| 2019 | -1.5% | +8.0% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 Country Club Incorporated 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, Waterville Country Club Incorporated 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 surplus of $95K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.9%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, suggesting that its leadership may be volunteer-based or compensated through non-officer roles, which is unusual for an organization with over $1 million in annual revenue.
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 Country Club Incorporated's IRS 990 filings:
- Unknown NTEE code, hindering mission clarity
- Lack of detailed expense breakdown (program, admin, fundraising)
- Significant increase in liabilities in the latest filing period (from $222,012 to $457,705)
- Consistent 0% officer compensation for an organization with over $1M in revenue, which may obscure actual leadership compensation.
Strengths
The following positive indicators were identified for Waterville Country Club Incorporated:
- Consistent financial stability with revenues generally exceeding expenses
- Steady growth in assets over the past decade (from $980,487 in 2014 to $1,700,867 in 2023)
- Regular and consistent IRS 990 filing history (12 filings), indicating compliance
- Positive net income in most recent years, contributing to asset growth
Frequently Asked Questions about Waterville Country Club Incorporated
Is Waterville Country Club Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterville Country Club Incorporated (EIN: 10204920) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Waterville Country Club Incorporated spend its money?
Waterville Country Club Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterville Country Club Incorporated tax-deductible?
Waterville Country Club Incorporated is registered as a tax-exempt nonprofit (EIN: 10204920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Waterville Country Club Incorporated CEO make?
Waterville Country Club Incorporated's highest-compensated officer earns $1 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Waterville Country Club Incorporated's spending goes to programs?
Waterville Country Club Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Waterville Country Club Incorporated located?
Waterville Country Club Incorporated is headquartered in Oakland, Maine and files with the IRS under EIN 10204920.
How many years of IRS 990 filings does Waterville Country Club Incorporated have?
Waterville Country Club Incorporated 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 $2.1M in total revenue.
What is the primary charitable mission of Waterville Country Club Incorporated, given its 'Unknown' NTEE code?
The provided data does not specify the NTEE code, making it difficult to ascertain the organization's primary charitable mission. Further investigation into their activities would be required.
How are the expenses allocated between program services, administrative costs, and fundraising?
The provided IRS 990 data only gives total expenses. A detailed breakdown of how these expenses are allocated is not available, which limits the ability to assess spending efficiency.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation suggests that the organization's officers may be volunteers or compensated in ways not categorized as 'officer compensation' on the 990 form. This warrants further inquiry to understand the full compensation structure.
What caused the significant increase in liabilities from $222,012 in 2022 to $457,705 in 2023?
The data shows a substantial increase in liabilities in the most recent period. Without access to the full 990 form, the specific reasons for this increase cannot be determined, but it could indicate new debt or deferred revenue.
Filing History
IRS 990 filing history for Waterville Country Club Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Waterville Country Club Incorporated's revenue has grown by 48.1%, moving from $808K to $1.2M. Total assets increased by 58.7% over the same period, from $1.1M to $1.7M. Total functional expenses rose by 38.4%, from $796K to $1.1M. In its most recent filing year (2023), Waterville Country Club Incorporated reported a surplus of $95K, with revenue exceeding expenses. The organization holds $458K in liabilities against $1.7M in assets (debt-to-asset ratio: 26.9%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $1.7M | $458K | — | View 990 |
| 2022 | $1.3M | $1.1M | $1.4M | $222K | — | View 990 |
| 2021 | $1.3M | $1.1M | $1.5M | $436K | — | View 990 |
| 2020 | $877K | $954K | $1.2M | $380K | — | — |
| 2019 | $935K | $1.0M | $1.0M | $194K | — | View 990 |
| 2018 | $949K | $965K | $1.1M | $146K | — | View 990 |
| 2017 | $962K | $952K | $1.0M | $56K | — | View 990 |
| 2016 | $1.0M | $944K | $1.0M | $94K | — | View 990 |
| 2015 | $857K | $891K | $968K | $92K | — | View 990 |
| 2014 | $844K | $874K | $980K | $70K | — | View 990 |
| 2013 | $815K | $887K | $1.0M | $37K | — | View 990 |
| 2012 | $808K | $796K | $1.1M | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $1.7M (revenue -8.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $1.4M (revenue +1.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $1.5M (revenue +46.6% year-over-year).
- 2020: Revenue of $877K, expenses of $954K, and assets of $1.2M (revenue -6.2% year-over-year).
- 2019: Revenue of $935K, expenses of $1.0M, and assets of $1.0M (revenue -1.5% year-over-year).
- 2018: Revenue of $949K, expenses of $965K, and assets of $1.1M (revenue -1.3% year-over-year).
- 2017: Revenue of $962K, expenses of $952K, and assets of $1.0M (revenue -5.6% year-over-year).
- 2016: Revenue of $1.0M, expenses of $944K, and assets of $1.0M (revenue +18.8% year-over-year).
- 2015: Revenue of $857K, expenses of $891K, and assets of $968K (revenue +1.6% year-over-year).
- 2014: Revenue of $844K, expenses of $874K, and assets of $980K (revenue +3.6% year-over-year).
- 2013: Revenue of $815K, expenses of $887K, and assets of $1.0M (revenue +0.8% year-over-year).
- 2012: Revenue of $808K, expenses of $796K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterville Country Club Incorporated:
Data Sources and Methodology
This transparency report for Waterville Country Club Incorporated 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.