Quick charity verification for Maine Health Access Foundation Inc (EIN: 10535144)
Verdict: Maine Health Access Foundation Inc appears trustworthy
95/100Mission Score
$142.1MRevenue
$154.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
Strong and growing asset base, reaching $144,323,858 in 202312, demonstrating financial stability.
Consistent surplus in recent years (e.g., $14,634,624 revenue vs. $8,783,121 expenses in 202312), showing effective financial management.
Regular and consistent IRS 990 filings over 10 periods, indicating strong transparency.
Low liabilities relative to assets (e.g., $6,739,033 liabilities vs. $144,323,858 assets in 202312), suggesting minimal financial risk.
Spending Breakdown
How Maine Health Access Foundation 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 Maine Health Access Foundation Inc
Is Maine Health Access Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Health Access Foundation Inc (EIN: 10535144) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Maine Health Access Foundation Inc a good charity to donate to?
Maine Health Access Foundation Inc has a Mission Score of 95/100. Revenue: $142.1M. Assets: $154.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Health Access Foundation Inc?
The Employer Identification Number (EIN) for Maine Health Access Foundation Inc is 10535144. 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 Health Access Foundation Inc spend its money?
Maine Health Access Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Health Access Foundation Inc's tax-exempt status?
You can verify Maine Health Access Foundation Inc's tax-exempt status using EIN 10535144 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 Health Access Foundation Inc demonstrates a strong financial position with substantial assets, reaching $144,323,858 in the latest filing period (202312). The organization consistently maintains a healthy asset base, indicating long-term stability. While revenue has fluctuated over the years, the foundation generally operates with a surplus, as seen in 202312 where revenue was $14,634,624 against expenses of $8,783,121. The absence of reported officer compensation across all available filings suggests a high degree of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice significantly enhances its spending efficiency and overall financial health perception.
The foundation's spending efficiency appears robust, particularly given the zero reported officer compensation. With expenses consistently lower than revenue in most recent periods, the organization is effectively managing its resources. The significant asset base further supports its capacity to fund programs and initiatives. The consistent filing of IRS 990 forms over ten periods also points to a commitment to transparency, allowing public scrutiny of its financial operations. Overall, Maine Health Access Foundation Inc presents as a financially sound and transparent organization.