Woodfords Family Service
Woodfords Family Service shows consistent revenue growth and strong asset accumulation over the past decade.
EIN: 10278395 · Westbrook, ME · NTEE: B28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45.8M |
| Total Expenses | $36.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $45.7M |
| Net Assets | $11.7M |
| Transparency Score | 88/100 |
Is Woodfords Family Service Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woodfords Family Service directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woodfords Family Service
Woodfords Family Service (EIN: 10278395) is a nonprofit organization based in Westbrook, ME, classified under NTEE code B28Z. The organization reported total revenue of $45.8M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodfords Family Service's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodfords Family Service is a large nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43.3M |
| Total Expenses | $36.7M |
| Surplus / Deficit | +$6.7M |
| Total Assets | $20.5M |
| Total Liabilities | $8.8M |
| Net Assets | $11.7M |
| Operating Margin | 15.4% |
| Debt-to-Asset Ratio | 42.9% |
| Months of Reserves | 6.7 months |
Financial Health Grade: A
In 2023, Woodfords Family Service reported a surplus of $6.7M with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 42.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Woodfords Family Service's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.1% | -0.4% | +94.3% |
| 2022 | +3.3% | +6.7% | +7.3% |
| 2021 | +27.6% | +10.6% | +7.3% |
| 2020 | -0.8% | +11.3% | +23.4% |
| 2019 | +19.8% | +20.0% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
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 Woodfords Family Service with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Woodfords Family Service 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.9%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all available filings, suggesting that executive compensation is either not reported under this specific line item, or the organization operates with volunteer leadership. This lack of reported compensation directly under 'Officer Comp' is unusual for an organization of its size ($45.7M revenue) and warrants further investigation into how leadership compensation is categorized.
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 Woodfords Family Service's IRS 990 filings:
- Lack of detailed officer compensation reporting (0% reported for an organization of this size)
Strengths
The following positive indicators were identified for Woodfords Family Service:
- Consistent and significant revenue growth over a decade (from $14.4M in 2014 to $45.7M currently)
- Strong financial health with consistent operational surpluses (e.g., $6.6M surplus in 2023)
- Substantial asset accumulation, indicating robust financial management and capacity ($20.9M assets currently)
- Healthy asset-to-liability ratio, demonstrating financial stability
Frequently Asked Questions about Woodfords Family Service
Is Woodfords Family Service a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodfords Family Service (EIN: 10278395) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Woodfords Family Service spend its money?
Woodfords Family Service directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woodfords Family Service tax-deductible?
Woodfords Family Service is registered as a tax-exempt nonprofit (EIN: 10278395). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Woodfords Family Service CEO make?
Woodfords Family Service's highest-compensated officer earns $45.7M annually. The organization reported $45.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Woodfords Family Service's spending goes to programs?
Woodfords Family Service directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Woodfords Family Service compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Woodfords Family Service is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Woodfords Family Service located?
Woodfords Family Service is headquartered in Westbrook, Maine and files with the IRS under EIN 10278395. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Woodfords Family Service have?
Woodfords Family Service 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 $45.8M in total revenue.
How does Woodfords Family Service manage to report 0% officer compensation given its size?
The consistent reporting of 0% officer compensation across all filings for an organization with over $45 million in revenue is highly unusual. It suggests that executive compensation might be categorized under other expense lines (e.g., salaries and wages for program or administrative staff) or that the top leadership is entirely volunteer-based. Further review of the full 990 forms, specifically Part VII, Section A, would be necessary to understand how key employee compensation is handled.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided summary data does not offer a detailed functional expense breakdown, the consistent operational surpluses and strong financial health suggest a significant portion of expenses are directed towards programs. A deeper dive into the full IRS 990 filings, particularly Part IX, Statement of Functional Expenses, would provide the exact percentages for programs, administration, and fundraising.
How has the organization managed such significant asset growth?
Woodfords Family Service has demonstrated remarkable asset growth, from $3.9 million in 2014 to $20.9 million currently. This growth is primarily fueled by consistent operational surpluses, where revenues have exceeded expenses each year, allowing the organization to retain earnings and invest in its infrastructure and reserves. For example, in 2023, a surplus of over $6.6 million contributed to this asset accumulation.
Filing History
IRS 990 filing history for Woodfords Family Service showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Woodfords Family Service's revenue has grown by 264.3%, moving from $11.9M to $43.3M. Total assets increased by 466.5% over the same period, from $3.6M to $20.5M. Total functional expenses rose by 210.1%, from $11.8M to $36.7M. In its most recent filing year (2023), Woodfords Family Service reported a surplus of $6.7M, with revenue exceeding expenses. The organization holds $8.8M in liabilities against $20.5M in assets (debt-to-asset ratio: 42.9%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43.3M | $36.7M | $20.5M | $8.8M | — | View 990 |
| 2022 | $37.7M | $36.8M | $10.5M | $5.6M | — | View 990 |
| 2021 | $36.5M | $34.5M | $9.8M | $5.6M | — | — |
| 2020 | $28.6M | $31.2M | $9.2M | $7.0M | — | View 990 |
| 2019 | $28.8M | $28.0M | $7.4M | $2.7M | — | View 990 |
| 2018 | $24.1M | $23.3M | $6.4M | $2.4M | — | View 990 |
| 2017 | $20.8M | $20.3M | $5.4M | $2.2M | — | View 990 |
| 2016 | $18.5M | $18.0M | $4.9M | $2.2M | — | View 990 |
| 2015 | $16.2M | $16.3M | $3.7M | $1.5M | — | View 990 |
| 2014 | $14.5M | $14.7M | $3.9M | $1.6M | — | View 990 |
| 2013 | $13.0M | $12.8M | $3.9M | $1.4M | — | View 990 |
| 2012 | $12.1M | $11.6M | $3.7M | $1.4M | — | View 990 |
| 2011 | $11.9M | $11.8M | $3.6M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43.3M, expenses of $36.7M, and assets of $20.5M (revenue +15.1% year-over-year).
- 2022: Revenue of $37.7M, expenses of $36.8M, and assets of $10.5M (revenue +3.3% year-over-year).
- 2021: Revenue of $36.5M, expenses of $34.5M, and assets of $9.8M (revenue +27.6% year-over-year).
- 2020: Revenue of $28.6M, expenses of $31.2M, and assets of $9.2M (revenue -0.8% year-over-year).
- 2019: Revenue of $28.8M, expenses of $28.0M, and assets of $7.4M (revenue +19.8% year-over-year).
- 2018: Revenue of $24.1M, expenses of $23.3M, and assets of $6.4M (revenue +15.9% year-over-year).
- 2017: Revenue of $20.8M, expenses of $20.3M, and assets of $5.4M (revenue +12.3% year-over-year).
- 2016: Revenue of $18.5M, expenses of $18.0M, and assets of $4.9M (revenue +14.1% year-over-year).
- 2015: Revenue of $16.2M, expenses of $16.3M, and assets of $3.7M (revenue +12.0% year-over-year).
- 2014: Revenue of $14.5M, expenses of $14.7M, and assets of $3.9M (revenue +10.9% year-over-year).
- 2013: Revenue of $13.0M, expenses of $12.8M, and assets of $3.9M (revenue +7.9% year-over-year).
- 2012: Revenue of $12.1M, expenses of $11.6M, and assets of $3.7M (revenue +1.6% year-over-year).
- 2011: Revenue of $11.9M, expenses of $11.8M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodfords Family Service:
Data Sources and Methodology
This transparency report for Woodfords Family Service 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.