Quick charity verification for Eastport Health Care Inc (EIN: 10354589)
Verdict: Eastport Health Care Inc appears trustworthy
85/100Mission Score
$7.6MRevenue
$7.4MAssets
3Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $515,970 in 2022 to $3,744,749 in 2023
Expenses exceeded revenue in the most recent fiscal year (2023), resulting in a deficit
Consistent 0% officer compensation, which is unusual for an organization of this size and could indicate compensation is reported in other categories or a reliance on unpaid leadership.
Strengths
Consistent revenue growth over the past decade, from $3.8M in 2015 to $7.2M in 2023
Strong asset accumulation, with assets growing from $1.9M in 2015 to $7.0M in 2023
High program spending efficiency, indicated by the 0% officer compensation, suggesting resources are directed to mission.
Healthy asset base relative to liabilities despite the recent increase in liabilities.
Spending Breakdown
How Eastport Health Care Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Eastport Health Care Inc
Is Eastport Health Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastport Health Care Inc (EIN: 10354589) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Eastport Health Care Inc a good charity to donate to?
Eastport Health Care Inc has a Mission Score of 85/100. Revenue: $7.6M. Assets: $7.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eastport Health Care Inc?
The Employer Identification Number (EIN) for Eastport Health Care Inc is 10354589. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Eastport Health Care Inc spend its money?
Eastport Health Care Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eastport Health Care Inc's tax-exempt status?
You can verify Eastport Health Care Inc's tax-exempt status using EIN 10354589 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Eastport Health Care Inc. demonstrates a generally stable financial position, with total assets growing from $1,963,197 in 2015 to $7,016,159 in 2023, indicating significant asset accumulation. Revenue has also shown consistent growth over the past decade, increasing from $3,803,597 in 2015 to $7,223,608 in 2023. However, the most recent filing (202306) shows expenses ($7,372,226) exceeding revenue ($7,223,608), resulting in a net deficit for that period. This trend of expenses occasionally surpassing revenue has occurred in several past periods (e.g., 2023, 2020, 2015, 2014), suggesting a need for careful monitoring of operational efficiency and cost management to ensure long-term sustainability.
The organization's liabilities have seen a notable increase in recent years, jumping from $515,970 in 2022 to $3,744,749 in 2023, which warrants further investigation to understand the nature of these obligations and their potential impact on financial health. Despite this, the organization maintains a healthy asset base relative to its liabilities. The consistent reporting of 0% for officer compensation across all available filings is a significant positive indicator of financial transparency and a strong commitment to directing resources towards its mission rather than executive pay. This suggests a highly efficient use of funds in terms of administrative overhead related to leadership salaries.