Is Maine Association Of Plumbing Heating Cooling Contractors Inc Legit?
Quick charity verification for Maine Association Of Plumbing Heating Cooling Contractors Inc (EIN: 16017036)
Verdict: Maine Association Of Plumbing Heating Cooling Contractors Inc appears trustworthy
85/100Mission Score
$279KRevenue
$289KAssets
2Red Flags
5Strengths
Red Flags
NTEE Code Unknown: Lack of a specified NTEE code makes it harder to precisely understand the organization's specific programmatic focus and compare its efficiency against peers.
Unusually Low Liabilities: While generally positive, extremely low liabilities could sometimes indicate a very conservative approach to investment or growth, or that certain operational costs are not fully captured.
Strengths
Consistent Revenue Growth: Revenue has steadily increased, reaching $278,268 in 2023, demonstrating financial health and expanding capacity.
Strong Asset Accumulation: Assets have grown significantly from $53,625 in 2015 to $249,501 in 2023, indicating good financial management and reserve building.
Low Liabilities: Liabilities are consistently very low, at $4,137 in 2023, signifying minimal debt and strong financial solvency.
No Reported Officer Compensation: The absence of officer compensation suggests that funds are potentially being directed more towards the organization's mission or operational costs rather than executive salaries.
Positive Net Income: The organization consistently generates a surplus, with revenue exceeding expenses (e.g., $278,268 revenue vs. $204,830 expenses in 2023), indicating sustainable operations.
Spending Breakdown
How Maine Association Of Plumbing Heating Cooling Contractors Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Maine Association Of Plumbing Heating Cooling Contractors Inc
Is Maine Association Of Plumbing Heating Cooling Contractors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Association Of Plumbing Heating Cooling Contractors Inc (EIN: 16017036) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Maine Association Of Plumbing Heating Cooling Contractors Inc a good charity to donate to?
Maine Association Of Plumbing Heating Cooling Contractors Inc has a Mission Score of 85/100. Revenue: $279K. Assets: $289K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Association Of Plumbing Heating Cooling Contractors Inc?
The Employer Identification Number (EIN) for Maine Association Of Plumbing Heating Cooling Contractors Inc is 16017036. 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 Maine Association Of Plumbing Heating Cooling Contractors Inc spend its money?
Maine Association Of Plumbing Heating Cooling Contractors Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Association Of Plumbing Heating Cooling Contractors Inc's tax-exempt status?
You can verify Maine Association Of Plumbing Heating Cooling Contractors Inc's tax-exempt status using EIN 16017036 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
The Maine Association Of Plumbing Heating Cooling Contractors Inc (MAPHCC) demonstrates a generally stable financial position with consistent revenue growth in recent years. In 2023, the organization reported revenues of $278,268 against expenses of $204,830, resulting in a surplus. This trend of revenue exceeding expenses is positive, particularly when compared to earlier periods like 2020 and 2021 where expenses sometimes outpaced revenue. The organization's assets have also shown significant growth, reaching $249,501 in 2023 from $53,625 in 2015, indicating good financial management and accumulation of reserves. Liabilities remain very low, at $4,137 in 2023, which is a strong indicator of financial health and low debt burden.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent surplus generation suggests that the organization is managing its overall expenditures effectively relative to its income. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or very lean operational model at the executive level. This could contribute to a higher proportion of funds being available for its mission-related activities, assuming other operational costs are well-controlled.
Transparency appears to be good given the consistent filing of IRS Form 990s. The lack of reported officer compensation is a key transparency point, showing that executive leadership is not drawing salaries from the organization's funds. While the NTEE code is unknown, which can sometimes hinder understanding of its specific programmatic focus, the overall financial data points to a well-managed and fiscally responsible entity. The organization's ability to grow its assets and maintain low liabilities while generating surpluses suggests a sustainable operational model.