Watermans Community Center
Nonprofit profile at a glance
- EIN
- 311562189
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- North Haven, ME, USA
- Phone
- 2078672100
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $1,306,005
- Expenses
- $968,721
- Assets
- $5,292,899
- Liabilities
- $9,027
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Alison Cabot (President)
- Mark Stein (Vice President)
- Christie Hallowell (Executive Director)
Highest reported compensation
- Christie Hallowell (Executive Director): $98,487 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide arts and enrichment programs and experiences for North Haven community members of all ages.
What it reported doing in 2024
Theatrical productions continue to be an important part of Waterman's programing. During fiscal year 24.25 offerings included: North Haven Community School's (NHCS) autumn production of "Radium," fall afterschool program production of "Puss in Boots," table reading of "What the Constitution Means to Me," NHCS One Act Maine Principals' Competition entry: "Horrors," spring afterschool program production "moving to Movie Music:, 8th Biennial Spring Playwriting Festival, and Waterman's big summer production of "The Man Who Came to Dinner."Youth Programs: Laugh & Learn preschool, afterschool and other youth programs included Laugh & Learn Preschool for ages 1 to 5, Acting Out Afterschool Programs, Imagine That Afterschool Program, Kids' Nights Out, Middle School Nights Out, Mainland Mania, traditional Halloween party & gingerbread house decorating, and Summer Camps: School of Fish, Little Urchins and Arts & Adventures, and $21,000 grant to North Haven Community School supporting Arts Integration Programing in the school curriculum.General Events: Concerts, Lectures & discussion groups, presentations, art exhibits, movies, holiday parties and gatherings, workshops, community exhibit & silent auction, public gatherings in support of the arts, plays, arts expo exhibit, annual flower show, adult workshops, and more!
Operating model
- Revenue model
- Donor-supported. 66% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% 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.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 94
- Accountability: 90
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.8%; rating input score 65
- Program expense ratio: 78.5%; rating input score 79
- Fundraising efficiency: $8.26 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 25.8%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 5.46; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 10.2%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 11.4% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 64.8% of revenue deployed · 78.5% of spending went to programs
- Governance: 16 of 16 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $761K in reported program spending
- Leadership: top reported pay $98K · 17 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.