Waterville Womans Association
Waterville Womans Association maintains stable assets despite fluctuating revenues and recent deficit.
EIN: 10228706 · Waterville, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $201K |
| Total Expenses | $45K |
| Program Spending | 80% |
| Net Assets | $597K |
| Transparency Score | 75/100 |
Is Waterville Womans Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterville Womans Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterville Womans Association
Waterville Womans Association (EIN: 10228706) is a nonprofit organization based in Waterville, ME. The organization reported total revenue of $201K and total assets of $623K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterville Womans Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterville Womans Association is a small nonprofit, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $45K |
| Surplus / Deficit | $-25,341 |
| Total Assets | $597K |
| Total Liabilities | $1 |
| Net Assets | $597K |
| Operating Margin | -126.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.8 months |
Financial Health Grade: B
In 2024, Waterville Womans Association reported a deficit of $25K with expenses exceeding revenue, holds 157.8 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 (2012–2024), Waterville Womans Association's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -79.5% | -6.9% | -4.1% |
| 2023 | +120.3% | +8.3% | +8.5% |
| 2022 | -21.9% | +14.4% | -0.1% |
| 2021 | +56.7% | +1.1% | +3.1% |
| 2020 | +56.1% | +0.3% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Womans Association with a Mission Score of 75 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 Womans Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation, 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 Womans Association's IRS 990 filings:
- Significant revenue volatility year-over-year
- Expenses exceeded revenue in the most recent filing period (202405) by over 100%
Strengths
The following positive indicators were identified for Waterville Womans Association:
- Consistent asset growth over the past decade ($530,625 in 2012 to $622,790 currently)
- Zero reported officer compensation across all filings, indicating efficient executive management
- Extremely low liabilities, consistently reported as $0 or $1
- Long history of IRS 990 filings (10 filings), demonstrating transparency
Frequently Asked Questions about Waterville Womans Association
Is Waterville Womans Association a legitimate charity?
Waterville Womans Association (EIN: 10228706) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $201K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Waterville Womans Association spend its money?
Waterville Womans Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Waterville Womans Association tax-deductible?
Waterville Womans Association is registered as a tax-exempt nonprofit (EIN: 10228706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waterville Womans Association's spending goes to programs?
Waterville Womans Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Waterville Womans Association located?
Waterville Womans Association is headquartered in Waterville, Maine and files with the IRS under EIN 10228706.
How many years of IRS 990 filings does Waterville Womans Association have?
Waterville Womans Association 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 $201K in total revenue.
Is Waterville Womans Association financially stable?
Yes, the organization appears financially stable, with assets growing from $530,625 in 2012 to $622,790 currently, and consistently low liabilities. While the most recent period (202405) shows expenses exceeding revenue ($45,359 vs. $20,018), this appears to be an anomaly in a trend of overall asset growth.
How does the organization manage its executive costs?
The organization reports 0% officer compensation across all available filings, suggesting a highly efficient management structure with likely volunteer leadership, which minimizes overhead costs.
What is the trend in the organization's revenue?
Revenue has been highly variable, ranging from $11,104 in 2012 to $97,619 in 2023. The latest reported revenue of $20,018 is on the lower end of its historical range, but the organization has demonstrated an ability to manage these fluctuations.
Filing History
IRS 990 filing history for Waterville Womans Association showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Waterville Womans Association's revenue has grown by 80.3%, moving from $11K to $20K. Total assets increased by 12.4% over the same period, from $531K to $597K. Total functional expenses rose by 61.5%, from $28K to $45K. In its most recent filing year (2024), Waterville Womans Association reported a deficit of $25K, with expenses exceeding revenue. The organization holds $1 in liabilities against $597K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $597K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $20K | $45K | $597K | $1 | — | — |
| 2023 | $98K | $49K | $622K | $1 | — | View 990 |
| 2022 | $44K | $45K | $573K | $1 | — | View 990 |
| 2021 | $57K | $39K | $574K | $1 | — | View 990 |
| 2020 | $36K | $39K | $556K | $1 | — | View 990 |
| 2016 | $23K | $39K | $561K | $1 | — | View 990 |
| 2015 | $47K | $41K | $576K | $1 | — | View 990 |
| 2014 | $13K | $31K | $570K | $0 | — | View 990 |
| 2013 | $23K | $32K | $588K | $0 | — | View 990 |
| 2012 | $11K | $28K | $531K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $20K, expenses of $45K, and assets of $597K (revenue -79.5% year-over-year).
- 2023: Revenue of $98K, expenses of $49K, and assets of $622K (revenue +120.3% year-over-year).
- 2022: Revenue of $44K, expenses of $45K, and assets of $573K (revenue -21.9% year-over-year).
- 2021: Revenue of $57K, expenses of $39K, and assets of $574K (revenue +56.7% year-over-year).
- 2020: Revenue of $36K, expenses of $39K, and assets of $556K (revenue +56.1% year-over-year).
- 2016: Revenue of $23K, expenses of $39K, and assets of $561K (revenue -50.7% year-over-year).
- 2015: Revenue of $47K, expenses of $41K, and assets of $576K (revenue +266.4% year-over-year).
- 2014: Revenue of $13K, expenses of $31K, and assets of $570K (revenue -43.2% year-over-year).
- 2013: Revenue of $23K, expenses of $32K, and assets of $588K (revenue +103.7% year-over-year).
- 2012: Revenue of $11K, expenses of $28K, and assets of $531K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterville Womans Association:
Data Sources and Methodology
This transparency report for Waterville Womans Association 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.