Consistent operating deficits in recent years (2021-2023), with expenses exceeding revenue by over $1 million in 2023 and nearly $3 million in 2022.
Unusually low (0%) reported officer compensation for an organization with over $12 million in annual revenue, which may obscure actual leadership compensation.
Strengths
Long and consistent filing history (13 filings), indicating established operations and compliance.
Stable asset base, generally above $13 million, providing some financial cushion.
Transparency in reporting 0% officer compensation, even if the underlying compensation structure requires further clarification.
Spending Breakdown
How Mid Coast Geriatric Services Corp 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 Mid Coast Geriatric Services Corp
Is Mid Coast Geriatric Services Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Mid Coast Geriatric Services Corp (EIN: 10496221) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Mid Coast Geriatric Services Corp a good charity to donate to?
Mid Coast Geriatric Services Corp has a Mission Score of 65/100. Revenue: $12.7M. Assets: $15.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mid Coast Geriatric Services Corp?
The Employer Identification Number (EIN) for Mid Coast Geriatric Services Corp is 10496221. 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 Mid Coast Geriatric Services Corp spend its money?
Mid Coast Geriatric Services Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mid Coast Geriatric Services Corp's tax-exempt status?
You can verify Mid Coast Geriatric Services Corp's tax-exempt status using EIN 10496221 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
Mid Coast Geriatric Services Corp demonstrates consistent financial activity, with revenues generally in the $9-12 million range over the past decade. The organization has experienced operating deficits in recent years, with expenses exceeding revenue by over $1 million in both 2023 and 2022. This trend warrants closer examination to understand its sustainability. The organization's assets have remained relatively stable, fluctuating between $12 million and $17 million, indicating a reasonable asset base for its operations. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer leadership structure or that compensation is reported under different categories, which could impact the perception of transparency regarding executive pay.
Spending efficiency appears to be a concern given the recent operating deficits. While specific program spending percentages are not provided in the raw data, the overall financial trend suggests that the organization is spending more than it brings in. This could lead to a depletion of reserves if not addressed. The organization's transparency regarding executive compensation is notable, with all filings indicating no compensation for officers, directors, trustees, or key employees. This level of transparency is commendable, though it would be beneficial to understand how leadership is compensated if not through direct officer compensation.
Overall, Mid Coast Geriatric Services Corp appears to be a well-established organization with a long filing history. However, the recent trend of operating deficits is a significant financial challenge that needs to be monitored. Its asset base provides some stability, but sustained deficits could erode this over time. The transparency around executive compensation is a positive aspect, but a deeper dive into the allocation of expenses would provide a clearer picture of its spending efficiency.