Addison Point Specialized Services Inc
Addison Point Specialized Services Inc faces significant revenue decline and recurring negative net assets.
EIN: 10440635 · Addison, ME · NTEE: P8XZ · Updated: 2026-03-28
Is Addison Point Specialized Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Addison Point Specialized Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Addison Point Specialized Services Inc
Addison Point Specialized Services Inc (EIN: 10440635) is a nonprofit organization based in Addison, ME, classified under NTEE code P8XZ. The organization reported total revenue of $646K and total assets of $297K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Addison Point Specialized Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Addison Point Specialized Services Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Addison Point Specialized Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive compensation from the organization. This is highly unusual for an organization of its historical size and suggests either a fully volunteer-led executive team or that compensation is reported under other expense categories, which would reduce transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Addison Point Specialized Services Inc's IRS 990 filings:
- Significant and consistent decline in revenue and expenses over the past decade, indicating potential operational challenges or scaling down.
- Recurring instances of liabilities exceeding assets in recent years (e.g., 202006: Liabilities $405,443 vs. Assets $371,536), suggesting potential solvency issues.
- 0% officer compensation reported across all filings, which is unusual for an organization of its historical size and could indicate a lack of transparency if compensation is hidden elsewhere or raise questions about leadership sustainability.
Strengths
The following positive indicators were identified for Addison Point Specialized Services Inc:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds to programs rather than executive salaries.
- Long filing history (10 filings), demonstrating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Addison Point Specialized Services Inc
Is Addison Point Specialized Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Addison Point Specialized Services Inc (EIN: 10440635) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Addison Point Specialized Services Inc spend its money?
Addison Point Specialized Services Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Addison Point Specialized Services Inc tax-deductible?
Addison Point Specialized Services Inc is registered as a tax-exempt nonprofit (EIN: 10440635). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic decline in revenue and expenses over the past decade?
The filings show a consistent downward trend in both revenue and expenses, from over $3 million in 2014 to under $1.2 million in 2020, and currently $645,513. Understanding the reasons for this significant contraction is crucial for assessing the organization's future viability.
How does the organization manage its liabilities, which frequently exceed its assets?
In multiple recent periods (e.g., 202006, 201906, 201806), liabilities have been greater than assets, indicating a negative net asset position. This raises questions about the organization's solvency and long-term financial health.
Who is performing executive functions if officer compensation is consistently 0%?
With 0% officer compensation reported across all filings, it's unclear how executive leadership and management roles are compensated or if they are entirely volunteer-based. This could impact sustainability and professional oversight.
Filing History
IRS 990 filing history for Addison Point Specialized Services Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Addison Point Specialized Services Inc's revenue has declined by 46.8%, moving from $2.3M to $1.2M. Total assets decreased by 5.3% over the same period, from $392K to $372K. Total functional expenses fell by 46.4%, from $2.2M to $1.2M. In its most recent filing year (2020), Addison Point Specialized Services Inc reported a surplus of $7K, with revenue exceeding expenses. The organization holds $405K in liabilities against $372K in assets (debt-to-asset ratio: 109.1%), resulting in net assets of $-33,907.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $1.2M | $1.2M | $372K | $405K | — | View 990 |
| 2019 | $1.6M | $1.6M | $303K | $344K | — | View 990 |
| 2018 | $2.0M | $2.0M | $373K | $423K | — | View 990 |
| 2017 | $2.6M | $2.7M | $315K | $351K | — | View 990 |
| 2016 | $3.0M | $2.8M | $428K | $432K | — | View 990 |
| 2015 | $3.3M | $3.6M | $466K | $586K | — | View 990 |
| 2014 | $3.3M | $3.3M | $478K | $263K | — | View 990 |
| 2013 | $3.0M | $2.9M | $472K | $270K | — | View 990 |
| 2012 | $2.5M | $2.4M | $465K | $360K | — | View 990 |
| 2011 | $2.3M | $2.2M | $392K | $396K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $372K (revenue -23.9% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $303K (revenue -21.8% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $373K (revenue -23.6% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.7M, and assets of $315K (revenue -10.9% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.8M, and assets of $428K (revenue -10.4% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.6M, and assets of $466K (revenue -0.2% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.3M, and assets of $478K (revenue +8.7% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.9M, and assets of $472K (revenue +21.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $465K (revenue +11.5% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.2M, and assets of $392K.
Data Sources and Methodology
This transparency report for Addison Point Specialized Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.