Is Maine Coast Medical Realty Inc Legit? —…

Quick charity verification for Maine Coast Medical Realty Inc (EIN: 10390918)

Red Flags

Consistent operational deficits: Expenses have exceeded revenue in nearly every reported period, including $217,134 in expenses vs. $108,201 in revenue in 202309.
High and increasing liabilities: Liabilities reached $570,233 in 202309, significantly outweighing assets of $32,499.
Negative net assets: The organization consistently has negative net assets, indicating that its liabilities exceed its assets.
Lack of detailed expense breakdown: Without a breakdown of program, administrative, and fundraising expenses, it's impossible to assess spending efficiency.

Spending Breakdown

How Maine Coast Medical Realty Inc allocates its funds across programs, administration, and fundraising.

Program Spending

Concerning — less than half to programs

100%

Admin Costs

High — over 25% on administration

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 Coast Medical Realty Inc

Is Maine Coast Medical Realty Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Maine Coast Medical Realty Inc (EIN: 10390918) has notable concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.

Is Maine Coast Medical Realty Inc a good charity to donate to?

Maine Coast Medical Realty Inc has a Mission Score of 20/100. Revenue: $108K. Assets: $9K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Maine Coast Medical Realty Inc?

The Employer Identification Number (EIN) for Maine Coast Medical Realty Inc is 10390918. 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 Coast Medical Realty Inc spend its money?

Maine Coast Medical Realty Inc allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Maine Coast Medical Realty Inc's tax-exempt status?

You can verify Maine Coast Medical Realty Inc's tax-exempt status using EIN 10390918 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

Maine Coast Medical Realty Inc. exhibits a concerning financial trend, consistently operating at a deficit over the past several years. In the latest filing (202309), expenses of $217,134 significantly outstripped revenue of $108,201, resulting in a net loss. This pattern is not new; for instance, in 201909, expenses were $244,141 against $145,279 in revenue. The organization's liabilities have also shown a substantial increase, reaching $570,233 in 202309, far exceeding its assets of $32,499. This indicates a precarious financial position with a high debt burden relative to its holdings.

While the NTEE code E22I suggests a focus on 'Medical, Dental, and Hospital Equipment & Supplies,' the financial data primarily reflects real estate activities, given the organization's name. The consistent operational losses and growing liabilities raise questions about the long-term sustainability and financial management effectiveness. Without detailed expense breakdowns, it's challenging to assess spending efficiency, but the overall financial picture suggests a need for significant operational adjustments to achieve solvency. The absence of officer compensation reported across all filings is a positive note regarding executive spending, but it doesn't offset the broader financial challenges.

Is Maine Coast Medical Realty Inc Legit?

Verdict: Maine Coast Medical Realty Inc has notable concerns