Wayland Community Pool Inc
Wayland Community Pool Inc. experiences recent operating deficits while maintaining a strong asset base and zero executive compensation.
EIN: 201096647 · Wayland, MA · NTEE: N67 · Updated: 2026-03-28
Is Wayland Community Pool Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wayland Community Pool Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wayland Community Pool Inc
Wayland Community Pool Inc (EIN: 201096647) is a nonprofit organization based in Wayland, MA, classified under NTEE code N67. The organization reported total revenue of $1.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wayland Community Pool Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wayland Community Pool Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Wayland Community Pool Inc 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.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all 13 filings, indicating that the organization's leadership is likely volunteer-based, which is a positive sign for minimizing administrative overhead.
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 Wayland Community Pool Inc's IRS 990 filings:
- Consistent operating deficits in recent years (2021-2023), with expenses exceeding revenue.
- Declining net assets from a peak of $2,009,312 in 2018 to $1,451,817 in 2023.
Strengths
The following positive indicators were identified for Wayland Community Pool Inc:
- Zero executive compensation reported across all 13 filings, indicating strong volunteer leadership and low overhead in this area.
- Maintains a healthy asset base ($1,451,817 in 2023) relative to liabilities ($657,343 in 2023), providing a buffer against financial challenges.
- Long operational history with 13 filings, demonstrating sustained community presence.
Frequently Asked Questions about Wayland Community Pool Inc
Is Wayland Community Pool Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wayland Community Pool Inc (EIN: 201096647) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Wayland Community Pool Inc spend its money?
Wayland Community Pool Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wayland Community Pool Inc tax-deductible?
Wayland Community Pool Inc is registered as a tax-exempt nonprofit (EIN: 201096647). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wayland Community Pool Inc. financially sustainable given recent operating deficits?
The organization has reported expenses exceeding revenue in 2021, 2022, and 2023, leading to a decrease in net assets. While it still holds significant assets ($1,451,817 in 2023), this trend suggests a need for improved revenue generation or cost control to ensure long-term sustainability.
How does the lack of officer compensation impact the organization's operations?
The consistent reporting of 0% officer compensation indicates a volunteer-led executive team, which can significantly reduce administrative costs and potentially allow more funds to be directed towards programs. However, it also raises questions about the capacity and time commitment of leadership.
What caused the decline in assets from $2,009,312 in 2018 to $1,451,817 in 2023?
The decline in assets is primarily due to the organization's expenses exceeding its revenue in several recent years, specifically 2021, 2022, and 2023, where expenses were $825,325, $923,596, and $924,745 respectively, against lower revenues.
Filing History
IRS 990 filing history for Wayland Community Pool Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Wayland Community Pool Inc's revenue has declined by 14.1%, moving from $1.0M to $880K. Total assets decreased by 36.6% over the same period, from $2.3M to $1.5M. Total functional expenses rose by 1251.3%, from $68K to $925K. In its most recent filing year (2023), Wayland Community Pool Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $657K in liabilities against $1.5M in assets (debt-to-asset ratio: 45.3%), resulting in net assets of $794K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $880K | $925K | $1.5M | $657K | — | — |
| 2022 | $779K | $924K | $1.6M | $717K | — | View 990 |
| 2021 | $644K | $825K | $1.7M | $732K | — | View 990 |
| 2020 | $637K | $584K | $1.9M | $694K | — | View 990 |
| 2019 | $801K | $808K | $1.9M | $786K | — | View 990 |
| 2018 | $836K | $681K | $2.0M | $891K | — | View 990 |
| 2017 | $767K | $747K | $2.1M | $996K | — | View 990 |
| 2016 | $690K | $696K | $2.2M | $1.1M | — | View 990 |
| 2015 | $680K | $687K | $2.3M | $1.2M | — | — |
| 2014 | $606K | $656K | $2.3M | $1.3M | — | — |
| 2013 | $595K | $628K | $2.5M | $1.3M | — | View 990 |
| 2011 | $546K | $469K | $2.7M | $1.5M | — | View 990 |
| 2010 | $1.0M | $68K | $2.3M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $880K, expenses of $925K, and assets of $1.5M (revenue +12.9% year-over-year).
- 2022: Revenue of $779K, expenses of $924K, and assets of $1.6M (revenue +20.9% year-over-year).
- 2021: Revenue of $644K, expenses of $825K, and assets of $1.7M (revenue +1.1% year-over-year).
- 2020: Revenue of $637K, expenses of $584K, and assets of $1.9M (revenue -20.4% year-over-year).
- 2019: Revenue of $801K, expenses of $808K, and assets of $1.9M (revenue -4.3% year-over-year).
- 2018: Revenue of $836K, expenses of $681K, and assets of $2.0M (revenue +9.0% year-over-year).
- 2017: Revenue of $767K, expenses of $747K, and assets of $2.1M (revenue +11.1% year-over-year).
- 2016: Revenue of $690K, expenses of $696K, and assets of $2.2M (revenue +1.5% year-over-year).
- 2015: Revenue of $680K, expenses of $687K, and assets of $2.3M (revenue +12.3% year-over-year).
- 2014: Revenue of $606K, expenses of $656K, and assets of $2.3M (revenue +1.9% year-over-year).
- 2013: Revenue of $595K, expenses of $628K, and assets of $2.5M (revenue +9.0% year-over-year).
- 2011: Revenue of $546K, expenses of $469K, and assets of $2.7M (revenue -46.7% year-over-year).
- 2010: Revenue of $1.0M, expenses of $68K, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Wayland Community Pool Inc 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.