Westbrook Development Corporation

Westbrook Development Corporation shows consistent revenue growth and zero officer compensation over a decade.

EIN: 10434709 · Westbrook, ME · Updated: 2026-03-28

$3.6MRevenue

$8.8MAssets

90/100Mission Score (Excellent)

Is Westbrook Development Corporation Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Westbrook Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Westbrook Development Corporation

Westbrook Development Corporation (EIN: 10434709) is a nonprofit organization based in Westbrook, ME. The organization reported total revenue of $3.6M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westbrook Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Westbrook Development Corporation demonstrates strong financial growth and efficiency based on its recent IRS 990 filings. The organization has consistently increased its revenue and assets over the past several years, with revenue growing from $613,507 in 2019 to $1,973,842 in 2023. This growth is accompanied by a healthy expense ratio; for example, in 2023, expenses were $684,863 against revenue of $1,973,842, indicating a significant surplus that contributes to asset accumulation. The organization's assets have also seen substantial growth, from $2,730,455 in 2019 to $6,166,663 in 2023, suggesting effective financial management and reinvestment.

The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. This practice, combined with a clear trend of increasing assets and controlled liabilities, paints a picture of a financially sound and well-managed nonprofit. The organization's ability to generate significant surpluses year over year, particularly in recent periods, positions it well for future program expansion and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Westbrook Development Corporation with a Mission Score of 90 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, Westbrook Development Corporation 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.

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 highly unusual for an organization of its size and growing 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 Westbrook Development Corporation's IRS 990 filings:

Consistent 0% officer compensation may indicate alternative compensation structures or reliance on volunteer leadership, which could be unsustainable long-term for an organization of this size.

Strengths

The following positive indicators were identified for Westbrook Development Corporation:

Strong and consistent revenue growth, from $613,507 in 2019 to $1,973,842 in 2023.
Significant asset accumulation, growing from $2,730,455 in 2019 to $6,166,663 in 2023.
Very low expense-to-revenue ratio, indicating high operational efficiency and financial surpluses.
Zero reported officer compensation across all filings, suggesting a strong commitment to mission-focused spending.

Frequently Asked Questions about Westbrook Development Corporation

Is Westbrook Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Westbrook Development Corporation (EIN: 10434709) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

How does Westbrook Development Corporation spend its money?

Westbrook Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Westbrook Development Corporation tax-deductible?

Westbrook Development Corporation is registered as a tax-exempt nonprofit (EIN: 10434709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Westbrook Development Corporation financially stable?

Yes, the organization appears financially stable, demonstrating consistent revenue growth from $613,507 in 2019 to $1,973,842 in 2023, and a significant increase in assets from $2,730,455 to $6,166,663 over the same period.

How efficient is Westbrook Development Corporation with its spending?

The organization appears highly efficient, with expenses significantly lower than revenue in recent years (e.g., $684,863 in expenses vs. $1,973,842 in revenue in 2023), leading to substantial surpluses and asset growth.

Does Westbrook Development Corporation pay its executives?

According to all available IRS 990 filings, Westbrook Development Corporation has reported 0% officer compensation, meaning no officers received salaries from the organization.

What is the trend in the organization's assets?

The organization's assets have shown a strong upward trend, growing from $2,730,455 in 2019 to $6,166,663 in 2023, indicating successful financial management and reinvestment.

Filing History

IRS 990 filing history for Westbrook Development Corporation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Westbrook Development Corporation's revenue has grown by 148.2%, moving from $795K to $2.0M. Total assets increased by 261.1% over the same period, from $1.7M to $6.2M. Total functional expenses rose by 50.9%, from $454K to $685K. In its most recent filing year (2023), Westbrook Development Corporation reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $99K in liabilities against $6.2M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $6.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.0M	$685K	$6.2M	$99K	—	—
2022	$1.4M	$674K	$4.9M	$118K	—	View 990
2021	$1.3M	$455K	$4.2M	$197K	—	View 990
2020	$706K	$201K	$3.2M	$36K	—	View 990
2019	$614K	$166K	$2.7M	$54K	—	—
2015	$69K	$44K	$59K	$126K	—	View 990
2014	$87K	$47K	$32K	$124K	—	View 990
2013	$5	$4K	$5K	$137K	—	View 990
2012	$1.3M	$1.5M	$5K	$133K	—	View 990
2011	$795K	$454K	$1.7M	$1.6M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.0M, expenses of $685K, and assets of $6.2M (revenue +37.4% year-over-year).
2022: Revenue of $1.4M, expenses of $674K, and assets of $4.9M (revenue +11.3% year-over-year).
2021: Revenue of $1.3M, expenses of $455K, and assets of $4.2M (revenue +82.7% year-over-year).
2020: Revenue of $706K, expenses of $201K, and assets of $3.2M (revenue +15.1% year-over-year).
2019: Revenue of $614K, expenses of $166K, and assets of $2.7M (revenue +787.4% year-over-year).
2015: Revenue of $69K, expenses of $44K, and assets of $59K (revenue -20.5% year-over-year).
2014: Revenue of $87K, expenses of $47K, and assets of $32K (revenue +1738280.0% year-over-year).
2013: Revenue of $5, expenses of $4K, and assets of $5K (revenue -100.0% year-over-year).
2012: Revenue of $1.3M, expenses of $1.5M, and assets of $5K (revenue +61.4% year-over-year).
2011: Revenue of $795K, expenses of $454K, and assets of $1.7M.

Data Sources and Methodology

This transparency report for Westbrook Development Corporation 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.