Quick charity verification for Mid Coast Health Net Inc (EIN: 10528885)
Verdict: Mid Coast Health Net Inc appears trustworthy
90/100Mission Score
$1.3MRevenue
$4.0MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data, making precise efficiency analysis difficult.
The consistent 0% officer compensation is highly unusual for an organization of this size and could indicate that compensation is being reported in other categories or that leadership is entirely volunteer-based, which might raise questions about sustainability or professional management capacity if not clarified.
Strengths
Consistent and significant revenue growth over the past decade, from $230,335 in 2014 to $914,606 in 2023.
Healthy asset accumulation, growing from $187,957 in 2014 to $785,484 in 2023, indicating strong financial management.
Consistently low liabilities, suggesting sound financial health and low financial risk.
No reported officer compensation across all filings, implying a high dedication of funds to the mission.
Consistent operation with a surplus, as expenses are generally lower than revenue, contributing to financial stability.
Spending Breakdown
How Mid Coast Health Net Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Health Net Inc
Is Mid Coast Health Net Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mid Coast Health Net Inc (EIN: 10528885) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Mid Coast Health Net Inc a good charity to donate to?
Mid Coast Health Net Inc has a Mission Score of 90/100. Revenue: $1.3M. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mid Coast Health Net Inc?
The Employer Identification Number (EIN) for Mid Coast Health Net Inc is 10528885. 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 Health Net Inc spend its money?
Mid Coast Health Net Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mid Coast Health Net Inc's tax-exempt status?
You can verify Mid Coast Health Net Inc's tax-exempt status using EIN 10528885 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 Health Net Inc demonstrates a strong and consistent financial trajectory, with revenue growing significantly from $230,335 in 2014 to $914,606 in 2023. The organization consistently operates with a surplus, as evidenced by expenses generally being lower than revenue across most years, contributing to a healthy growth in assets from $187,957 in 2014 to $785,484 in 2023. This indicates effective financial management and an ability to build reserves.
The organization's spending efficiency appears robust, particularly given the consistent absence of reported officer compensation across all available filings. This suggests that resources are being directed towards programmatic activities and operational needs rather than high executive salaries. The low liabilities reported in most years also point to sound financial practices and a low-risk profile. While specific program spending percentages are not detailed in the provided data, the overall financial health and growth are positive indicators.
In terms of transparency, the consistent filing of IRS Form 990s over a decade is a strong positive. The absence of officer compensation is a notable transparency point, indicating that the organization is not allocating funds to executive salaries. To further enhance transparency, a detailed breakdown of program, administrative, and fundraising expenses would be beneficial, though the overall financial health suggests a well-managed operation.