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
Source Check Matrix
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Identity resolved verified
Westbrook Development Corporation is mapped to EIN 10434709.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $685K |
| Program Spending | 90% |
| Net Assets | $6.1M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Westbrook Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Westbrook Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Westbrook Development Corporation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $2.0M and expenses of $685K.
Revenue and Expenses
Westbrook Development Corporation reported $2.0M in revenue and $685K in expenses, a surplus of $1.3M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Westbrook Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $616K (90%) |
Across stored filings, Westbrook Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
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Westbrook, ME nonprofitsFollow the Money
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90% of spending goes to programs.
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Request a concise report for Westbrook Development Corporation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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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.
Organization Overview
Westbrook Development Corporation is a mid-size nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $685K |
| Surplus / Deficit | +$1.3M |
| Total Assets | $6.2M |
| Total Liabilities | $99K |
| Net Assets | $6.1M |
| Operating Margin | 65.3% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 108.1 months |
Financial Health Grade: A
In 2023, Westbrook Development Corporation reported a surplus of $1.3M with revenue exceeding expenses, holds 108.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Westbrook Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.4% | +1.6% | +25.9% |
| 2022 | +11.3% | +48.0% | +16.2% |
| 2021 | +82.7% | +127.1% | +30.9% |
| 2020 | +15.1% | +20.6% | +17.9% |
| 2019 | +787.4% | +282.3% | +4516.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
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?
Westbrook Development Corporation (EIN: 10434709) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Westbrook Development Corporation spend its money?
Westbrook Development Corporation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
What percentage of Westbrook Development Corporation's spending goes to programs?
Westbrook Development Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Westbrook Development Corporation located?
Westbrook Development Corporation is headquartered in Westbrook, Maine and files with the IRS under EIN 10434709.
How many years of IRS 990 filings does Westbrook Development Corporation have?
Westbrook Development Corporation 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 $3.6M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westbrook Development Corporation:
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.