Wiscasset Waterville & Farmington Railway Museum
Wiscasset Waterville & Farmington Railway Museum shows consistent asset growth and zero executive compensation over a decade.
EIN: 10448408 · Alna, ME · NTEE: A500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $857K |
| Total Expenses | $340K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.1M |
| Transparency Score | 92/100 |
Is Wiscasset Waterville & Farmington Railway Museum Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wiscasset Waterville & Farmington Railway Museum directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wiscasset Waterville & Farmington Railway Museum
Wiscasset Waterville & Farmington Railway Museum (EIN: 10448408) is a nonprofit organization based in Alna, ME, classified under NTEE code A500. The organization reported total revenue of $857K and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wiscasset Waterville & Farmington Railway Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wiscasset Waterville & Farmington Railway Museum is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $638K |
| Total Expenses | $340K |
| Surplus / Deficit | +$298K |
| Total Assets | $5.2M |
| Total Liabilities | $150K |
| Net Assets | $5.1M |
| Operating Margin | 46.7% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 183.6 months |
Financial Health Grade: A
In 2023, Wiscasset Waterville & Farmington Railway Museum reported a surplus of $298K with revenue exceeding expenses, holds 183.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wiscasset Waterville & Farmington Railway Museum's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | +19.0% | +5.6% |
| 2022 | -27.5% | +7.4% | +8.2% |
| 2021 | +33.2% | +46.4% | +19.3% |
| 2020 | +59.8% | -10.7% | +15.9% |
| 2019 | +22.9% | +17.8% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Wiscasset Waterville & Farmington Railway Museum 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Wiscasset Waterville & Farmington Railway Museum allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $298K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings from 2014 to 2023, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with assets exceeding $5 million.
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.
Strengths
The following positive indicators were identified for Wiscasset Waterville & Farmington Railway Museum:
- Consistent asset growth, increasing from $1.9M in 2014 to $5.2M in 2023.
- 0% officer compensation reported across all available filings (2014-2023), indicating volunteer leadership and efficient use of funds.
- Revenue consistently exceeds expenses, demonstrating strong financial management and sustainability (e.g., $637,861 revenue vs. $340,125 expenses in 2023).
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent IRS 990 filing history over 13 periods, showing commitment to transparency and compliance.
Frequently Asked Questions about Wiscasset Waterville & Farmington Railway Museum
Is Wiscasset Waterville & Farmington Railway Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Wiscasset Waterville & Farmington Railway Museum (EIN: 10448408) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Wiscasset Waterville & Farmington Railway Museum spend its money?
Wiscasset Waterville & Farmington Railway Museum directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wiscasset Waterville & Farmington Railway Museum tax-deductible?
Wiscasset Waterville & Farmington Railway Museum is registered as a tax-exempt nonprofit (EIN: 10448408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wiscasset Waterville & Farmington Railway Museum CEO make?
Wiscasset Waterville & Farmington Railway Museum's highest-compensated officer earns $5 annually. The organization reported $857K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wiscasset Waterville & Farmington Railway Museum's spending goes to programs?
Wiscasset Waterville & Farmington Railway Museum directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wiscasset Waterville & Farmington Railway Museum compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Wiscasset Waterville & Farmington Railway Museum is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wiscasset Waterville & Farmington Railway Museum located?
Wiscasset Waterville & Farmington Railway Museum is headquartered in Alna, Maine and files with the IRS under EIN 10448408. It is classified under NTEE code A500.
How many years of IRS 990 filings does Wiscasset Waterville & Farmington Railway Museum have?
Wiscasset Waterville & Farmington Railway Museum has 13 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 $857K in total revenue.
Is the Wiscasset Waterville & Farmington Railway Museum a good charity?
Based on the provided financial data, the Wiscasset Waterville & Farmington Railway Museum appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, low expenses relative to revenue, and a remarkable 0% officer compensation, indicating efficient use of funds and volunteer leadership.
How has the organization's financial health changed over the past decade?
The organization's financial health has significantly improved over the past decade. Assets have grown from $1,928,405 in 2014 to $5,204,727 in 2023, while liabilities have remained manageable. Revenue has also shown a general upward trend, consistently exceeding expenses.
What is the organization's approach to executive compensation?
The organization has a highly commendable approach to executive compensation, reporting 0% officer compensation for all available periods from 2014 to 2023. This suggests a volunteer-driven leadership model, ensuring that all funds are directed towards the museum's mission.
Filing History
IRS 990 filing history for Wiscasset Waterville & Farmington Railway Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wiscasset Waterville & Farmington Railway Museum's revenue has grown by 225.6%, moving from $196K to $638K. Total assets increased by 300.4% over the same period, from $1.3M to $5.2M. Total functional expenses rose by 330.1%, from $79K to $340K. In its most recent filing year (2023), Wiscasset Waterville & Farmington Railway Museum reported a surplus of $298K, with revenue exceeding expenses. The organization holds $150K in liabilities against $5.2M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $638K | $340K | $5.2M | $150K | — | View 990 |
| 2022 | $732K | $286K | $4.9M | $173K | — | View 990 |
| 2021 | $1.0M | $266K | $4.6M | $245K | — | View 990 |
| 2020 | $758K | $182K | $3.8M | $250K | — | — |
| 2019 | $474K | $203K | $3.3M | $302K | — | View 990 |
| 2018 | $386K | $173K | $2.9M | $134K | — | View 990 |
| 2017 | $474K | $162K | $2.7M | $161K | — | View 990 |
| 2016 | $492K | $130K | $2.4M | $194K | — | View 990 |
| 2015 | $209K | $113K | $2.0M | $178K | — | View 990 |
| 2014 | $277K | $104K | $1.9M | $189K | — | View 990 |
| 2013 | $333K | $90K | $1.7M | $112K | — | View 990 |
| 2012 | $196K | $74K | $1.4M | $115K | — | View 990 |
| 2011 | $196K | $79K | $1.3M | $119K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $638K, expenses of $340K, and assets of $5.2M (revenue -12.8% year-over-year).
- 2022: Revenue of $732K, expenses of $286K, and assets of $4.9M (revenue -27.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $266K, and assets of $4.6M (revenue +33.2% year-over-year).
- 2020: Revenue of $758K, expenses of $182K, and assets of $3.8M (revenue +59.8% year-over-year).
- 2019: Revenue of $474K, expenses of $203K, and assets of $3.3M (revenue +22.9% year-over-year).
- 2018: Revenue of $386K, expenses of $173K, and assets of $2.9M (revenue -18.7% year-over-year).
- 2017: Revenue of $474K, expenses of $162K, and assets of $2.7M (revenue -3.7% year-over-year).
- 2016: Revenue of $492K, expenses of $130K, and assets of $2.4M (revenue +135.9% year-over-year).
- 2015: Revenue of $209K, expenses of $113K, and assets of $2.0M (revenue -24.6% year-over-year).
- 2014: Revenue of $277K, expenses of $104K, and assets of $1.9M (revenue -16.9% year-over-year).
- 2013: Revenue of $333K, expenses of $90K, and assets of $1.7M (revenue +70.3% year-over-year).
- 2012: Revenue of $196K, expenses of $74K, and assets of $1.4M (revenue -0.2% year-over-year).
- 2011: Revenue of $196K, expenses of $79K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wiscasset Waterville & Farmington Railway Museum:
Data Sources and Methodology
This transparency report for Wiscasset Waterville & Farmington Railway Museum 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.