Mid-Maine Chamber of Commerce

Overview

Mission

Chamber of commerce with program services that consist of various activities designed to promote the mid-Maine area, thereby increasing the potential market for area businesses.

What it reported doing in 2025

All program services consist of various activities designed to promote the mid-Maine area, thereby increasing the potential market for area businesses.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
010178800
IRS 990 coverage
2014–2025
Forms available
Form 990 2025
Headquarters
Waterville, ME, USA
Phone
2078733315
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 77
  • Accountability: 92
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.5%; rating input score 61
  • Program expense ratio: 54.2%; rating input score 54
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95%; rating input score 95; 29th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -7%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.63; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 25.4%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 60.5% of revenue deployed · 54.2% of spending went to programs
  • Governance: 19 of 20 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $382K in reported program spending
  • Leadership: top reported pay $179K · 21 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 12 annual filings from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Leadership & pay

21 people listed

Highest reported compensation

  • KIMBERLY LINDLOF (PRESIDENT AN): $179,058 total reported compensation

Source: IRS Form 990. Selected filing: FY2025.