Arnold Memorial Medical Building Society
Arnold Memorial Medical Building Society maintains stable finances with no officer compensation, despite past expense fluctuations.
EIN: 10500734 · Jonesport, ME · NTEE: E39Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $48K |
| Program Spending | 85% |
| Net Assets | $637K |
| Transparency Score | 90/100 |
Is Arnold Memorial Medical Building Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arnold Memorial Medical Building Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Arnold Memorial Medical Building Society
Arnold Memorial Medical Building Society (EIN: 10500734) is a nonprofit organization based in Jonesport, ME, classified under NTEE code E39Z. The organization reported total revenue of $68K and total assets of $651K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arnold Memorial Medical Building Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arnold Memorial Medical Building Society is a micro nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $48K |
| Surplus / Deficit | +$13K |
| Total Assets | $637K |
| Net Assets | $637K |
| Operating Margin | 20.8% |
| Months of Reserves | 157.7 months |
Financial Health Grade: A
In 2024, Arnold Memorial Medical Building Society reported a surplus of $13K with revenue exceeding expenses, holds 157.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Arnold Memorial Medical Building Society's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.8% | +0.4% | +2.2% |
| 2023 | -3.8% | -17.7% | +1.3% |
| 2022 | +4.5% | -0.1% | +-0.0% |
| 2021 | -28.8% | +18.8% | -0.4% |
| 2020 | +165.9% | -83.1% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Arnold Memorial Medical Building Society with a Mission Score of 90 out of 100 (Excellent). 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, Arnold Memorial Medical Building Society 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and that no executives are paid, which is highly efficient for a nonprofit of its size.
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 Arnold Memorial Medical Building Society's IRS 990 filings:
- Significant expense volatility in 2019 ($292,453 expenses vs. $29,580 revenue) without clear explanation in summary data.
Strengths
The following positive indicators were identified for Arnold Memorial Medical Building Society:
- Consistent zero officer compensation, indicating volunteer leadership and high efficiency.
- Strong asset base ($650,664) relative to annual revenue, providing financial stability.
- Consistently reports zero liabilities in recent years, indicating no debt burden.
- Generally operates with a surplus in recent years (e.g., 2024 revenue $61,227 vs. expenses $48,488).
Frequently Asked Questions about Arnold Memorial Medical Building Society
Is Arnold Memorial Medical Building Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Arnold Memorial Medical Building Society (EIN: 10500734) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Arnold Memorial Medical Building Society spend its money?
Arnold Memorial Medical Building Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Arnold Memorial Medical Building Society tax-deductible?
Arnold Memorial Medical Building Society is registered as a tax-exempt nonprofit (EIN: 10500734). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Arnold Memorial Medical Building Society's spending goes to programs?
Arnold Memorial Medical Building Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Arnold Memorial Medical Building Society compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Arnold Memorial Medical Building Society is above average for NTEE category E39Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Arnold Memorial Medical Building Society located?
Arnold Memorial Medical Building Society is headquartered in Jonesport, Maine and files with the IRS under EIN 10500734. It is classified under NTEE code E39Z.
How many years of IRS 990 filings does Arnold Memorial Medical Building Society have?
Arnold Memorial Medical Building Society has 13 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 $68K in total revenue.
What caused the significant expense spike in 2019 ($292,453) compared to revenue ($29,580)?
The filings do not provide specific details, but such a large discrepancy could indicate a major capital improvement, a one-time project, or an unusual operational cost. Further inquiry into the 2019 Form 990's Statement of Functional Expenses would be necessary.
How does the organization generate its revenue, given its NTEE code and mission?
The filings show varying revenue streams over the years, including a significant spike in 2018 ($406,197). Given its name, revenue likely comes from rental income, grants, or donations related to maintaining a medical building. Specific sources would be detailed in Schedule A or B of the 990.
What specific programs or services does the Arnold Memorial Medical Building Society provide?
While the NTEE code E39Z indicates 'Support for Health,' the filings do not explicitly detail the programs. Given its name, it likely involves maintaining or providing facilities for medical services in Jonesport, ME.
Filing History
IRS 990 filing history for Arnold Memorial Medical Building Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Arnold Memorial Medical Building Society's revenue has grown by 112.5%, moving from $29K to $61K. Total assets increased by 28% over the same period, from $498K to $637K. Total functional expenses rose by 90.7%, from $25K to $48K. In its most recent filing year (2024), Arnold Memorial Medical Building Society reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $61K | $48K | $637K | $0 | — | — |
| 2023 | $56K | $48K | $623K | $0 | — | View 990 |
| 2022 | $58K | $59K | $615K | $0 | — | View 990 |
| 2021 | $56K | $59K | $616K | $0 | — | — |
| 2020 | $79K | $49K | $618K | $0 | — | View 990 |
| 2019 | $30K | $292K | $589K | $0 | — | View 990 |
| 2018 | $406K | $28K | $852K | $0 | — | View 990 |
| 2017 | $23K | $32K | $474K | $0 | — | View 990 |
| 2016 | $30K | $30K | $484K | $124 | — | View 990 |
| 2015 | $26K | $31K | $506K | $23K | — | View 990 |
| 2014 | $24K | $28K | $534K | $46K | — | View 990 |
| 2013 | $32K | $25K | $547K | $55K | — | View 990 |
| 2012 | $29K | $25K | $498K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $61K, expenses of $48K, and assets of $637K (revenue +8.8% year-over-year).
- 2023: Revenue of $56K, expenses of $48K, and assets of $623K (revenue -3.8% year-over-year).
- 2022: Revenue of $58K, expenses of $59K, and assets of $615K (revenue +4.5% year-over-year).
- 2021: Revenue of $56K, expenses of $59K, and assets of $616K (revenue -28.8% year-over-year).
- 2020: Revenue of $79K, expenses of $49K, and assets of $618K (revenue +165.9% year-over-year).
- 2019: Revenue of $30K, expenses of $292K, and assets of $589K (revenue -92.7% year-over-year).
- 2018: Revenue of $406K, expenses of $28K, and assets of $852K (revenue +1666.9% year-over-year).
- 2017: Revenue of $23K, expenses of $32K, and assets of $474K (revenue -23.6% year-over-year).
- 2016: Revenue of $30K, expenses of $30K, and assets of $484K (revenue +13.7% year-over-year).
- 2015: Revenue of $26K, expenses of $31K, and assets of $506K (revenue +10.0% year-over-year).
- 2014: Revenue of $24K, expenses of $28K, and assets of $534K (revenue -24.9% year-over-year).
- 2013: Revenue of $32K, expenses of $25K, and assets of $547K (revenue +11.1% year-over-year).
- 2012: Revenue of $29K, expenses of $25K, and assets of $498K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arnold Memorial Medical Building Society:
Data Sources and Methodology
This transparency report for Arnold Memorial Medical Building Society 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.