Expenses exceeded revenue in the 2017 filing ($594,881 vs $558,988), indicating a deficit.
Only one IRS 990 filing available, limiting transparency and trend analysis.
Strengths
No officer compensation reported in 2017, indicating efficient use of funds for leadership.
Assets ($270,542) exceed liabilities, suggesting a healthy balance sheet.
NTEE code E82Z (Other Human Services) suggests a focus on community support.
Spending Breakdown
How Katahdin Shared Services Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Katahdin Shared Services Inc
Is Katahdin Shared Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Katahdin Shared Services Inc (EIN: 10366464) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Katahdin Shared Services Inc a good charity to donate to?
Katahdin Shared Services Inc has a Mission Score of 70/100. Revenue: $481K. Assets: $271K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Katahdin Shared Services Inc?
The Employer Identification Number (EIN) for Katahdin Shared Services Inc is 10366464. 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 Katahdin Shared Services Inc spend its money?
Katahdin Shared Services Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Katahdin Shared Services Inc's tax-exempt status?
You can verify Katahdin Shared Services Inc's tax-exempt status using EIN 10366464 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
Katahdin Shared Services Inc. appears to be in a stable financial position, with its latest reported assets of $270,542 exceeding its liabilities. While the organization experienced a slight decrease in revenue from $558,988 in 2017 to $481,084 in the latest period, this is not a significant concern given its asset base. The organization's financial health seems adequate for its size, and the absence of reported officer compensation in the 2017 filing suggests a lean operational structure, which can be a positive indicator of spending efficiency. However, without more detailed expense breakdowns beyond the single available filing, a comprehensive assessment of spending efficiency is challenging.
The 2017 filing shows expenses ($594,881) exceeding revenue ($558,988), indicating a deficit for that period. This trend, if continued, could impact long-term sustainability. The organization's transparency is limited by the single available filing, making it difficult to track trends or fully understand its financial operations over time. More consistent and detailed filings would enhance its transparency and allow for a more thorough analysis of its financial management and program effectiveness.