Waterville Rotary Club
Waterville Rotary Club maintains stable finances with volunteer leadership and consistent program focus.
EIN: 16018713 · Waterville, ME · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $37K |
| Program Spending | 90% |
| Net Assets | $221K |
| Transparency Score | 92/100 |
Is Waterville Rotary Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterville Rotary Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterville Rotary Club
Waterville Rotary Club (EIN: 16018713) is a nonprofit organization based in Waterville, ME, classified under NTEE code P12. The organization reported total revenue of $58K and total assets of $240K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterville Rotary Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterville Rotary Club is a micro nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $37K |
| Surplus / Deficit | +$10K |
| Total Assets | $222K |
| Total Liabilities | $894 |
| Net Assets | $221K |
| Operating Margin | 21.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 72.7 months |
Financial Health Grade: A
In 2024, Waterville Rotary Club reported a surplus of $10K with revenue exceeding expenses, holds 72.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2024), Waterville Rotary Club's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.5% | -44.5% | +10.9% |
| 2023 | -11.4% | +74.5% | -2.3% |
| 2022 | +15.4% | -36.5% | -6.0% |
| 2021 | +19.7% | +59.8% | +9.8% |
| 2020 | +24.1% | -80.6% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Rotary Club with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Waterville Rotary Club allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the Waterville Rotary Club operates with entirely volunteer leadership, which is highly efficient for an organization of 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 Rotary Club's IRS 990 filings:
- Significant expense spike in 201906 ($192,323) relative to typical annual expenses, warranting further investigation into the nature of these expenditures.
Strengths
The following positive indicators were identified for Waterville Rotary Club:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- Stable asset base, consistently exceeding liabilities over the past decade.
- Long history of consistent IRS 990 filings, demonstrating transparency.
- Generally low annual expenses relative to revenue, suggesting efficient operations (excluding the 2019 anomaly).
Frequently Asked Questions about Waterville Rotary Club
Is Waterville Rotary Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterville Rotary Club (EIN: 16018713) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Waterville Rotary Club spend its money?
Waterville Rotary Club directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterville Rotary Club tax-deductible?
Waterville Rotary Club is registered as a tax-exempt nonprofit (EIN: 16018713). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waterville Rotary Club's spending goes to programs?
Waterville Rotary Club directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waterville Rotary Club compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Waterville Rotary Club is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waterville Rotary Club located?
Waterville Rotary Club is headquartered in Waterville, Maine and files with the IRS under EIN 16018713. It is classified under NTEE code P12.
How many years of IRS 990 filings does Waterville Rotary Club have?
Waterville Rotary Club 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 $58K in total revenue.
Is Waterville Rotary Club a good charity?
Based on the available IRS 990 data, the Waterville Rotary Club appears to be a good charity. It demonstrates stable finances, consistent volunteer leadership (0% officer compensation), and a clear history of operations, suggesting a strong commitment to its mission without significant overhead.
How does the Waterville Rotary Club manage its expenses?
The Waterville Rotary Club manages its expenses efficiently, as evidenced by the consistent reporting of 0% officer compensation. This indicates a reliance on volunteer efforts for leadership and administration, allowing a greater proportion of funds to be directed towards its charitable activities.
What is the financial stability of the Waterville Rotary Club?
The Waterville Rotary Club shows good financial stability. Its assets have consistently exceeded liabilities across all reported periods, with current assets at $239,698. While revenues fluctuate, the organization has maintained a healthy asset base, indicating prudent financial management.
Filing History
IRS 990 filing history for Waterville Rotary Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2024), Waterville Rotary Club's revenue has declined by 54.8%, moving from $104K to $47K. Total assets increased by 14.8% over the same period, from $193K to $222K. Total functional expenses fell by 46.3%, from $68K to $37K. In its most recent filing year (2024), Waterville Rotary Club reported a surplus of $10K, with revenue exceeding expenses. The organization holds $894 in liabilities against $222K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $221K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $47K | $37K | $222K | $894 | — | — |
| 2023 | $53K | $66K | $200K | $0 | — | View 990 |
| 2022 | $60K | $38K | $205K | $0 | — | View 990 |
| 2021 | $52K | $60K | $218K | $260 | — | — |
| 2020 | $43K | $37K | $198K | $0 | — | View 990 |
| 2019 | $35K | $192K | $190K | $0 | — | View 990 |
| 2018 | $73K | $47K | $343K | $0 | — | View 990 |
| 2017 | $78K | $62K | $314K | $0 | — | View 990 |
| 2014 | $76K | $63K | $231K | $0 | — | View 990 |
| 2013 | $68K | $61K | $207K | $0 | — | View 990 |
| 2012 | $59K | $58K | $194K | $0 | — | View 990 |
| 2011 | $104K | $68K | $193K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $47K, expenses of $37K, and assets of $222K (revenue -11.5% year-over-year).
- 2023: Revenue of $53K, expenses of $66K, and assets of $200K (revenue -11.4% year-over-year).
- 2022: Revenue of $60K, expenses of $38K, and assets of $205K (revenue +15.4% year-over-year).
- 2021: Revenue of $52K, expenses of $60K, and assets of $218K (revenue +19.7% year-over-year).
- 2020: Revenue of $43K, expenses of $37K, and assets of $198K (revenue +24.1% year-over-year).
- 2019: Revenue of $35K, expenses of $192K, and assets of $190K (revenue -52.0% year-over-year).
- 2018: Revenue of $73K, expenses of $47K, and assets of $343K (revenue -7.4% year-over-year).
- 2017: Revenue of $78K, expenses of $62K, and assets of $314K (revenue +3.1% year-over-year).
- 2014: Revenue of $76K, expenses of $63K, and assets of $231K (revenue +11.5% year-over-year).
- 2013: Revenue of $68K, expenses of $61K, and assets of $207K (revenue +15.9% year-over-year).
- 2012: Revenue of $59K, expenses of $58K, and assets of $194K (revenue -43.2% year-over-year).
- 2011: Revenue of $104K, expenses of $68K, and assets of $193K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterville Rotary Club:
Data Sources and Methodology
This transparency report for Waterville Rotary 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.