Is Maine Automobile Dealers Association Inc Legit?
Quick charity verification for Maine Automobile Dealers Association Inc (EIN: 10191203)
Verdict: Maine Automobile Dealers Association Inc appears trustworthy
70/100Mission Score
$2.0MRevenue
$2.8MAssets
2Red Flags
3Strengths
Red Flags
Consistently reporting 0% officer compensation despite significant revenue and assets, which is atypical and lacks clarity on leadership remuneration.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
Consistent financial stability with annual surpluses, demonstrating sound financial management (e.g., $45,725 surplus in 2023).
Steady growth in assets over the past decade, from $1,359,783 in 2014 to $2,508,982 in 2023, indicating strong financial health.
Consistent filing of IRS Form 990s, showing compliance with regulatory reporting requirements.
Spending Breakdown
How Maine Automobile Dealers Association 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 Automobile Dealers Association Inc
Is Maine Automobile Dealers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Automobile Dealers Association Inc (EIN: 10191203) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Maine Automobile Dealers Association Inc a good charity to donate to?
Maine Automobile Dealers Association Inc has a Mission Score of 70/100. Revenue: $2.0M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Automobile Dealers Association Inc?
The Employer Identification Number (EIN) for Maine Automobile Dealers Association Inc is 10191203. 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 Automobile Dealers Association Inc spend its money?
Maine Automobile Dealers Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Automobile Dealers Association Inc's tax-exempt status?
You can verify Maine Automobile Dealers Association Inc's tax-exempt status using EIN 10191203 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 Automobile Dealers Association Inc. demonstrates consistent financial stability with steadily growing assets over the past decade, reaching $2,508,982 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $1,140,124 exceeded expenses of $1,094,399. This indicates sound financial management and an ability to build reserves.
Regarding spending efficiency, the organization reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting that key leadership may be compensated through other means or that the organization is structured in a way that minimizes direct officer salaries. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. However, the consistent surpluses suggest that overall expenses are well-managed relative to revenue.
Transparency is a mixed bag. The consistent filing of IRS Form 990s over many years indicates a commitment to regulatory compliance. However, the lack of reported officer compensation on the 990s, despite the organization's scale, raises questions about how leadership is compensated and could be perceived as a lack of full transparency regarding executive remuneration. Further details on program activities and related expenses would enhance understanding of their operational focus.