Aroostook Title Company
Aroostook Title Company: Stable Assets, Inconsistent Revenue, and No Program Spending
EIN: 222508469 · Caribou, ME · Updated: 2026-04-04
About Aroostook Title Company
Aroostook Title Company (EIN: 222508469) is a nonprofit organization based in Caribou, ME. The organization reported total revenue of $202K and total assets of $513K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aroostook Title Company'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 Aroostook Title Company with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Aroostook Title Company allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0, suggesting no paid executives or that compensation is handled outside of the reported financials.
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 Title Company's IRS 990 filings:
- Zero program spending reported across all available years, raising questions about its nonprofit purpose.
- Significant year-over-year revenue volatility, including losses of -$33,100 in 2017 and -$21,496 in 2020.
- Lack of clear explanation for the 'nonprofit' status given the nature of a 'Title Company' and absence of program spending.
Strengths
The following positive indicators were identified for Aroostook Title Company:
- Assets have remained relatively stable over the years, generally staying above $400,000.
- Consistently reports $0 in executive compensation, which could indicate efficient management of overhead if the organization is truly volunteer-run.
Frequently Asked Questions about Aroostook Title Company
What does Aroostook Title Company do?
Aroostook Title Company is a nonprofit organization in the Unknown sector, located in Caribou, Maine. It is classified under NTEE code Unknown.
How much revenue does Aroostook Title Company have?
Aroostook Title Company reported total revenue of $201,810. Based on 13 IRS 990 filings on record.
What are Aroostook Title Company's total assets?
Aroostook Title Company holds total assets of $513,444 as reported in IRS 990 filings.
Where is Aroostook Title Company located?
Aroostook Title Company is based in Caribou, Maine.
What is Aroostook Title Company's EIN?
Aroostook Title Company's Employer Identification Number (EIN) is 222508469. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Aroostook Title Company?
Aroostook Title Company is classified under NTEE code Unknown (Unknown).
Is Aroostook Title Company a registered 501(c)(3)?
Aroostook Title Company appears in IRS records (EIN: 222508469). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Aroostook Title Company file IRS Form 990?
Yes, Aroostook Title Company has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Aroostook Title Company's revenue in 2023?
In the 202309 filing period, Aroostook Title Company reported total revenue of $81,575, total expenses of N/A, and net assets of $517,247.
Is Aroostook Title Company's revenue growing or declining?
Aroostook Title Company's revenue is relatively stable. Revenue went from $-11,360 (202209) to $81,575 (202309), a 0.0% change. Based on 13 filings on record.
What is Aroostook Title Company's most recent 990 filing?
The most recent IRS Form 990 filing for Aroostook Title Company covers tax period 202309. It shows revenue of $81,575, expenses of N/A, total assets of $517,247, and liabilities of $1,225.
Is Aroostook Title Company a trustworthy charity?
Based on AI analysis of IRS 990 data, Aroostook Title Company has notable concerns. Mission Score: 20/100 (Poor). 3 red flags identified. 2 strengths noted.
What are the red flags for Aroostook Title Company?
The following concerns were identified: Zero program spending reported across all available years, raising questions about its nonprofit purpose.. Significant year-over-year revenue volatility, including losses of -$33,100 in 2017 and -$21,496 in 2020.. Lack of clear explanation for the 'nonprofit' status given the nature of a 'Title Company' and absence of program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Aroostook Title Company's strengths?
Positive indicators for Aroostook Title Company include: Assets have remained relatively stable over the years, generally staying above $400,000.. Consistently reports $0 in executive compensation, which could indicate efficient management of overhead if the organization is truly volunteer-run.. These findings are derived from AI analysis of the organization's financial filings.
How does Aroostook Title Company compensate executives?
Executive compensation is consistently reported as $0, suggesting no paid executives or that compensation is handled outside of the reported financials. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the name 'Aroostook Title Company' and consistent 0% program spending, what is the actual charitable activity or public benefit provided by this organization to justify its nonprofit status?
The provided data does not offer any information on charitable activities or public benefit. The consistent 0% program spending and the nature of a 'Title Company' suggest it may operate more like a business entity, despite its nonprofit designation.
How does Aroostook Title Company sustain its operations and maintain assets without reported program spending or significant fundraising expenses?
The organization sustains itself through its revenue, which, despite fluctuations, has allowed it to maintain assets. The absence of program spending and fundraising expenses means all revenue, after administrative costs, contributes to its asset base or covers operational overhead.
Filing History
IRS 990 filing history for Aroostook Title Company showing financial trends over 13 years of public records:
Total assets decreased by 38.3% over the same period, from $839K to $517K. The organization holds $1K in liabilities against $517K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $516K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $0 | $517K | $1K | — | View 990 |
| 2022 | $-11,360 | $0 | $438K | $4K | — | View 990 |
| 2021 | $16K | $0 | $449K | $3K | — | — |
| 2020 | $-21,496 | $0 | $433K | $3K | — | — |
| 2019 | $17K | $0 | $456K | $5K | — | View 990 |
| 2018 | $-3,319 | $0 | $496K | $62K | — | View 990 |
| 2017 | $-33,100 | $23K | $499K | $61K | — | — |
| 2016 | $11K | $20K | $557K | $63K | — | View 990 |
| 2015 | $9K | $0 | $561K | $58K | — | View 990 |
| 2014 | $10K | $10K | $544K | $50K | — | View 990 |
| 2013 | $-89,494 | $0 | $559K | $65K | — | — |
| 2012 | $-39,659 | $0 | $791K | $208K | — | — |
| 2011 | $-47,325 | $0 | $839K | $215K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $0, and assets of $517K.
- 2022: Revenue of $-11,360, expenses of $0, and assets of $438K (revenue -171.5% year-over-year).
- 2021: Revenue of $16K, expenses of $0, and assets of $449K.
- 2020: Revenue of $-21,496, expenses of $0, and assets of $433K (revenue -226.9% year-over-year).
- 2019: Revenue of $17K, expenses of $0, and assets of $456K.
- 2018: Revenue of $-3,319, expenses of $0, and assets of $496K.
- 2017: Revenue of $-33,100, expenses of $23K, and assets of $499K (revenue -404.5% year-over-year).
- 2016: Revenue of $11K, expenses of $20K, and assets of $557K (revenue +22.9% year-over-year).
- 2015: Revenue of $9K, expenses of $0, and assets of $561K (revenue -10.2% year-over-year).
- 2014: Revenue of $10K, expenses of $10K, and assets of $544K.
- 2013: Revenue of $-89,494, expenses of $0, and assets of $559K.
- 2012: Revenue of $-39,659, expenses of $0, and assets of $791K.
- 2011: Revenue of $-47,325, expenses of $0, and assets of $839K.
Data Sources and Methodology
This transparency report for Aroostook Title Company 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.