Quick charity verification for Penobscot Bay Physicians & Associates (EIN: 10530517)
Verdict: Penobscot Bay Physicians & Associates appears trustworthy
70/100Mission Score
$22.6MRevenue
$0Assets
3Red Flags
3Strengths
Red Flags
Consistent $0 reported assets and liabilities, which is highly unusual for an organization of this revenue size.
Consistent 0% officer compensation, which may obscure the true cost of leadership if compensated by an affiliate.
Perfectly balanced revenue and expenses across all reported periods, suggesting a complex financial structure that warrants further investigation.
Strengths
Consistent growth in revenue, from $7.4 million in 2011 to over $22.6 million in 2019, indicating expanding operations.
All reported expenses are covered by revenue, demonstrating financial solvency on an annual basis.
No reported liabilities, suggesting the organization does not carry debt within this specific entity.
Spending Breakdown
How Penobscot Bay Physicians & Associates allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Penobscot Bay Physicians & Associates
Is Penobscot Bay Physicians & Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Penobscot Bay Physicians & Associates (EIN: 10530517) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Penobscot Bay Physicians & Associates a good charity to donate to?
Penobscot Bay Physicians & Associates has a Mission Score of 70/100. Revenue: $22.6M. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Penobscot Bay Physicians & Associates?
The Employer Identification Number (EIN) for Penobscot Bay Physicians & Associates is 10530517. 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 Penobscot Bay Physicians & Associates spend its money?
Penobscot Bay Physicians & Associates allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Penobscot Bay Physicians & Associates's tax-exempt status?
You can verify Penobscot Bay Physicians & Associates's tax-exempt status using EIN 10530517 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
Penobscot Bay Physicians & Associates demonstrates a consistent pattern of revenue and expenses perfectly balancing out each fiscal year, as seen in their 201909 filing with $22,629,927 in both revenue and expenses. This indicates that the organization operates on a break-even model, which is common for certain types of healthcare entities. The organization reports $0 in assets and liabilities across multiple years, suggesting that its financial operations are tightly managed without accumulating significant reserves or debt. This structure, while not typical for all nonprofits, implies that all incoming funds are directly utilized for current operations.
The lack of reported assets and liabilities, coupled with zero officer compensation across all filings, points to a unique operational model. While this could indicate a highly efficient use of funds directly for program services, it also raises questions about the underlying financial structure and how capital expenditures or long-term stability are managed if no assets are held. The consistent reporting of zero officer compensation is a notable aspect, suggesting that key leadership may be compensated through an affiliated entity or that the organization's structure does not involve direct compensation to officers from this specific entity's reported funds.
From a transparency perspective, the consistent and identical reporting of revenue and expenses, along with zero assets and liabilities, is highly unusual and warrants further investigation to fully understand the financial mechanics. While the filings are consistent, the absence of typical financial indicators like assets or executive compensation within this specific entity's 990s makes a complete assessment of financial health and spending efficiency challenging without additional context about its relationship with other entities, if any. The growth in revenue from $7.4 million in 2011 to over $22.6 million in 2019 shows significant operational expansion.