Quick charity verification for Maine Oil Dealers Association (EIN: 10239259)
Verdict: Maine Oil Dealers Association appears trustworthy
75/100Mission Score
$1.8MRevenue
$1.8MAssets
1Red Flags
4Strengths
Red Flags
No officer compensation reported despite significant revenue, which may obscure executive remuneration practices.
Strengths
Consistent revenue generation, generally covering expenses.
Steady growth in assets, indicating financial stability and prudent management (e.g., assets grew from $1,058,766 in 2016 to $1,581,580 in 2023).
Low and stable liabilities, demonstrating good financial control.
Long filing history (13 filings) indicating consistent transparency.
Spending Breakdown
How Maine Oil Dealers Association 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 Maine Oil Dealers Association
Is Maine Oil Dealers Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Oil Dealers Association (EIN: 10239259) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
Is Maine Oil Dealers Association a good charity to donate to?
Maine Oil Dealers Association has a Mission Score of 75/100. Revenue: $1.8M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Oil Dealers Association?
The Employer Identification Number (EIN) for Maine Oil Dealers Association is 10239259. 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 Oil Dealers Association spend its money?
Maine Oil Dealers Association allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Oil Dealers Association's tax-exempt status?
You can verify Maine Oil Dealers Association's tax-exempt status using EIN 10239259 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 Oil Dealers Association demonstrates consistent financial activity, with revenues and expenses generally balanced over the past decade. For instance, in 2023, expenses of $1,482,023 slightly exceeded revenues of $1,378,610, indicating a minor deficit for that period. However, the organization maintains a healthy asset base, growing from $1,058,766 in 2016 to $1,581,580 in 2023, suggesting good financial stewardship and reserves. Liabilities have remained relatively low and stable, indicating prudent financial management.
While specific program spending ratios are not provided in the summary data, the consistent operational scale and asset growth suggest a stable organization. The absence of reported officer compensation across all filings is a notable point regarding executive remuneration, implying that leadership may be compensated through other means or that the organization operates with a volunteer or very low-paid executive structure. Further analysis of the full 990 forms would be needed to ascertain the exact breakdown of expenses into program, administrative, and fundraising categories to fully assess spending efficiency.
Overall, the organization appears financially sound and transparent in its reporting, with no major red flags regarding solvency or excessive liabilities. The consistent revenue streams and asset growth, coupled with no reported officer compensation, paint a picture of a well-managed entity, though a detailed breakdown of expenses would enhance the assessment of its spending efficiency and program focus.