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
| Metric | Value |
|---|---|
| Total Revenue | $646K |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $-33,907 |
| Transparency Score | 65/100 |
Search Intent Cockpit
Addison Point Specialized Services Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Addison Point Specialized Services Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Addison Point Specialized Services Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $1.2M and expenses of $1.2M.
Revenue and Expenses
Addison Point Specialized Services Inc reported $1.2M in revenue and $1.2M in expenses, a surplus of $7K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.0M (85%) |
Across stored filings, Addison Point Specialized Services Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Human Services context |
Trust Check
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85% of spending goes to programs.
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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.
Organization Overview
Addison Point Specialized Services Inc is a small nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$7K |
| Total Assets | $372K |
| Total Liabilities | $405K |
| Net Assets | $-33,907 |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 109.1% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2020, Addison Point Specialized Services Inc reported a surplus of $7K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 109.1% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Addison Point Specialized Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -23.9% | -23.9% | +22.5% |
| 2019 | -21.8% | -22.7% | -18.7% |
| 2018 | -23.6% | -24.0% | +18.5% |
| 2017 | -10.9% | -6.1% | -26.4% |
| 2016 | -10.4% | -21.8% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 109.1%.
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?
Addison Point Specialized Services Inc (EIN: 10440635) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $646K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Addison Point Specialized Services Inc spend its money?
Addison Point Specialized Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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 percentage of Addison Point Specialized Services Inc's spending goes to programs?
Addison Point Specialized Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Addison Point Specialized Services Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Addison Point Specialized Services Inc is above average for NTEE category P8XZ nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Addison Point Specialized Services Inc located?
Addison Point Specialized Services Inc is headquartered in Addison, Maine and files with the IRS under EIN 10440635. It is classified under NTEE code P8XZ.
How many years of IRS 990 filings does Addison Point Specialized Services Inc have?
Addison Point Specialized Services Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $646K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Addison Point Specialized Services Inc:
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.