Waterville Main Street
Waterville Main Street reports $0 revenue and assets, indicating potential operational cessation.
EIN: 10544901 · Waterville, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $120K |
| Program Spending | 85% |
| Net Assets | $60K |
| Transparency Score | 20/100 |
Is Waterville Main Street Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterville Main Street directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterville Main Street
Waterville Main Street (EIN: 10544901) is a nonprofit organization based in Waterville, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterville Main Street's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterville Main Street is a small nonprofit, with 6 years of IRS 990 filings on record (2012–2017). Revenue has grown at a compound annual rate of -29.2%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $120K |
| Surplus / Deficit | +$14K |
| Total Assets | $62K |
| Total Liabilities | $2K |
| Net Assets | $60K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2017, Waterville Main Street reported a surplus of $14K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 6 years of filings (2012–2017), Waterville Main Street's revenue has declined at a compound annual growth rate (CAGR) of -29.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -10.1% | -16.1% | +27.8% |
| 2016 | -12.0% | -12.2% | -9.3% |
| 2015 | -18.3% | -9.8% | +21.1% |
| 2014 | -70.2% | -75.1% | -37.6% |
| 2013 | -8.1% | +0.3% | -24.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waterville Main Street with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Waterville Main Street allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a positive for minimizing administrative costs relative to its size.
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 Main Street's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations.
- Significant and rapid decline in revenue from $751,066 in 2012 to $0 in the latest report.
- Lack of detailed expense breakdown in the provided data makes a precise assessment of spending efficiency challenging.
Strengths
The following positive indicators were identified for Waterville Main Street:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Historically, expenses were generally lower than revenue, suggesting responsible financial management in prior years (e.g., 2017: Revenue=$133,316, Expenses=$119,754).
Frequently Asked Questions about Waterville Main Street
Is Waterville Main Street a legitimate charity?
Waterville Main Street (EIN: 10544901) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 20/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Waterville Main Street spend its money?
Waterville Main Street directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Waterville Main Street tax-deductible?
Waterville Main Street is registered as a tax-exempt nonprofit (EIN: 10544901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waterville Main Street's spending goes to programs?
Waterville Main Street directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Waterville Main Street located?
Waterville Main Street is headquartered in Waterville, Maine and files with the IRS under EIN 10544901.
How many years of IRS 990 filings does Waterville Main Street have?
Waterville Main Street has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Waterville Main Street still operational given its latest $0 revenue and assets report?
The latest IRS 990 filing showing $0 in revenue and assets strongly suggests that Waterville Main Street may no longer be operational or is in the process of winding down. Further inquiry directly with the organization would be necessary to confirm its current status.
What caused the dramatic decline in revenue and assets from 2013 to the latest filing?
The provided data does not specify the reasons for the significant decline in revenue from $690,236 in 2013 to $0 in the latest report. This could be due to a loss of funding, completion of major projects, or a decision to cease operations.
How did Waterville Main Street manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may have been volunteer-based, compensated through other means not reported on the 990, or that the organization had a very lean administrative structure without paid officers.
Filing History
IRS 990 filing history for Waterville Main Street showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2017), Waterville Main Street's revenue has declined by 82.2%, moving from $751K to $133K. Total assets decreased by 33.4% over the same period, from $93K to $62K. Total functional expenses fell by 83.4%, from $721K to $120K. In its most recent filing year (2017), Waterville Main Street reported a surplus of $14K, with revenue exceeding expenses. The organization holds $2K in liabilities against $62K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $60K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $133K | $120K | $62K | $2K | — | — |
| 2016 | $148K | $143K | $49K | $2K | — | View 990 |
| 2015 | $168K | $162K | $54K | $13K | — | View 990 |
| 2014 | $206K | $180K | $44K | $10K | — | View 990 |
| 2013 | $690K | $723K | $71K | $62K | — | View 990 |
| 2012 | $751K | $721K | $93K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $133K, expenses of $120K, and assets of $62K (revenue -10.1% year-over-year).
- 2016: Revenue of $148K, expenses of $143K, and assets of $49K (revenue -12.0% year-over-year).
- 2015: Revenue of $168K, expenses of $162K, and assets of $54K (revenue -18.3% year-over-year).
- 2014: Revenue of $206K, expenses of $180K, and assets of $44K (revenue -70.2% year-over-year).
- 2013: Revenue of $690K, expenses of $723K, and assets of $71K (revenue -8.1% year-over-year).
- 2012: Revenue of $751K, expenses of $721K, and assets of $93K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterville Main Street:
Data Sources and Methodology
This transparency report for Waterville Main Street 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.