Aroostook Regional Transportation System Inc
Aroostook Regional Transportation System Inc shows consistent financial growth with no reported officer compensation.
EIN: 10365398 · Presque Isle, ME · NTEE: P52Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $3.9M |
| Transparency Score | 92/100 |
Is Aroostook Regional Transportation System Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aroostook Regional Transportation System Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aroostook Regional Transportation System Inc
Aroostook Regional Transportation System Inc (EIN: 10365398) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code P52Z. The organization reported total revenue of $2.7M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aroostook Regional Transportation System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aroostook Regional Transportation System Inc is a mid-size nonprofit that has been operating for 46 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$73K |
| Total Assets | $4.0M |
| Total Liabilities | $123K |
| Net Assets | $3.9M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 20.9 months |
Financial Health Grade: A
In 2023, Aroostook Regional Transportation System Inc reported a surplus of $73K with revenue exceeding expenses, holds 20.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Aroostook Regional Transportation System Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.3% | +14.6% | +2.4% |
| 2022 | +21.7% | +19.3% | +3.3% |
| 2021 | -17.9% | -13.4% | -0.2% |
| 2020 | +50.1% | +13.5% | +28.8% |
| 2019 | -28.3% | +10.1% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Aroostook Regional Transportation System Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Aroostook Regional Transportation System Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $73K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with revenues exceeding $2 million and assets over $4 million, suggesting either volunteer leadership or compensation is reported under other expense categories.
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 Aroostook Regional Transportation System Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is categorized differently or leadership is entirely volunteer-based, warranting further inquiry.
Strengths
The following positive indicators were identified for Aroostook Regional Transportation System Inc:
- Consistent revenue exceeding expenses, leading to steady asset growth.
- Zero reported officer compensation across all filings, indicating high resource allocation to programs.
- Strong asset base ($4,106,214) relative to liabilities, demonstrating financial stability.
- Excellent transparency with 12 consistent IRS 990 filings.
- Positive financial trend with increasing revenue and assets over the past decade.
Frequently Asked Questions about Aroostook Regional Transportation System Inc
Is Aroostook Regional Transportation System Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Aroostook Regional Transportation System Inc (EIN: 10365398) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Aroostook Regional Transportation System Inc spend its money?
Aroostook Regional Transportation System Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aroostook Regional Transportation System Inc tax-deductible?
Aroostook Regional Transportation System Inc is registered as a tax-exempt nonprofit (EIN: 10365398). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Aroostook Regional Transportation System Inc CEO make?
Aroostook Regional Transportation System Inc's highest-compensated officer earns $2 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Aroostook Regional Transportation System Inc's spending goes to programs?
Aroostook Regional Transportation System Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aroostook Regional Transportation System Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Aroostook Regional Transportation System Inc is above average for NTEE category P52Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aroostook Regional Transportation System Inc located?
Aroostook Regional Transportation System Inc is headquartered in Presque Isle, Maine and files with the IRS under EIN 10365398. It is classified under NTEE code P52Z.
How many years of IRS 990 filings does Aroostook Regional Transportation System Inc have?
Aroostook Regional Transportation System Inc has 12 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 $2.7M in total revenue.
Is Aroostook Regional Transportation System Inc a good charity?
Based on the available financial data, ARTS appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable absence of reported officer compensation, suggesting a high dedication of resources to its mission.
How does ARTS manage its expenses?
ARTS consistently manages its expenses below its revenue, as seen in the 202309 period where expenses were $2,287,897 against revenues of $2,360,457. This prudent management contributes to asset growth and financial stability.
What is the trend in ARTS's assets?
ARTS has shown a consistent upward trend in assets, growing from $2,612,993 in 201509 to $4,106,214 currently, indicating strong financial accumulation and stability.
Does ARTS have high liabilities?
No, ARTS maintains relatively low liabilities compared to its assets. For example, in 202309, liabilities were $122,686 against assets of $3,986,423, indicating a healthy financial position.
How transparent is ARTS?
ARTS demonstrates strong transparency through its consistent filing of 12 IRS 990 forms, providing a detailed and accessible financial history for public review.
Filing History
IRS 990 filing history for Aroostook Regional Transportation System Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Aroostook Regional Transportation System Inc's revenue has declined by 37%, moving from $3.7M to $2.4M. Total assets increased by 50.5% over the same period, from $2.6M to $4.0M. Total functional expenses fell by 34.4%, from $3.5M to $2.3M. In its most recent filing year (2023), Aroostook Regional Transportation System Inc reported a surplus of $73K, with revenue exceeding expenses. The organization holds $123K in liabilities against $4.0M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.3M | $4.0M | $123K | — | View 990 |
| 2022 | $2.1M | $2.0M | $3.9M | $103K | — | View 990 |
| 2021 | $1.7M | $1.7M | $3.8M | $48K | — | View 990 |
| 2020 | $2.1M | $1.9M | $3.8M | $78K | — | View 990 |
| 2019 | $1.4M | $1.7M | $2.9M | $36K | — | View 990 |
| 2018 | $1.9M | $1.5M | $3.3M | $66K | — | View 990 |
| 2017 | $1.6M | $1.5M | $3.0M | $88K | — | View 990 |
| 2016 | $1.6M | $1.5M | $2.7M | $60K | — | View 990 |
| 2015 | $1.5M | $1.4M | $2.6M | $57K | — | View 990 |
| 2014 | $1.6M | $1.7M | $2.7M | $65K | — | View 990 |
| 2013 | $3.2M | $3.0M | $2.8M | $66K | — | View 990 |
| 2012 | $3.7M | $3.5M | $2.6M | $114K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.3M, and assets of $4.0M (revenue +14.3% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $3.9M (revenue +21.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $3.8M (revenue -17.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $3.8M (revenue +50.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.7M, and assets of $2.9M (revenue -28.3% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.5M, and assets of $3.3M (revenue +16.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $3.0M (revenue +2.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $2.7M (revenue +7.5% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $2.6M (revenue -9.6% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $2.7M (revenue -48.9% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.0M, and assets of $2.8M (revenue -13.9% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.5M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aroostook Regional Transportation System Inc:
Data Sources and Methodology
This transparency report for Aroostook Regional Transportation System 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.