Associated Faculties Of The University Of Maine
Associated Faculties Of The University Of Maine consistently maintains financial surpluses and growing assets with no officer compensation.
EIN: 10375611 · Bangor, ME · NTEE: B03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $44K |
| Program Spending | 85% |
| Net Assets | $418K |
| Transparency Score | 90/100 |
Is Associated Faculties Of The University Of Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Associated Faculties Of The University Of Maine directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Associated Faculties Of The University Of Maine
Associated Faculties Of The University Of Maine (EIN: 10375611) is a nonprofit organization based in Bangor, ME, classified under NTEE code B03. The organization reported total revenue of $68K and total assets of $504K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Associated Faculties Of The University Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Associated Faculties Of The University Of Maine is a micro nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $44K |
| Surplus / Deficit | +$26K |
| Total Assets | $419K |
| Total Liabilities | $998 |
| Net Assets | $418K |
| Operating Margin | 37.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 113.3 months |
Financial Health Grade: A
In 2023, Associated Faculties Of The University Of Maine reported a surplus of $26K with revenue exceeding expenses, holds 113.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Associated Faculties Of The University Of Maine's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +120.2% | +6.6% |
| 2022 | -7.0% | +11.8% | +12.0% |
| 2021 | -1.7% | -58.5% | +16.1% |
| 2020 | -16.3% | +18.1% | +8.8% |
| 2019 | -2.8% | -26.9% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
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 Associated Faculties Of The University Of Maine 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, Associated Faculties Of The University Of Maine 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size and suggests a volunteer-driven leadership structure.
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 Associated Faculties Of The University Of Maine's IRS 990 filings:
- No officer compensation reported, which could indicate volunteer leadership or compensation structured in a way not captured as 'officer compensation' on the 990, potentially obscuring full compensation details.
Strengths
The following positive indicators were identified for Associated Faculties Of The University Of Maine:
- Consistent financial surpluses, with revenues regularly exceeding expenses (e.g., $70,532 revenue vs. $44,435 expenses in 2023).
- Strong asset growth over the past decade, from $180,935 in 2014 to $419,445 in 2023.
- Very low and stable liabilities ($998 for many years), indicating minimal financial risk.
- Zero reported officer compensation, suggesting a highly dedicated, potentially volunteer-based leadership.
- Consistent IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Associated Faculties Of The University Of Maine
Is Associated Faculties Of The University Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Associated Faculties Of The University Of Maine (EIN: 10375611) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Associated Faculties Of The University Of Maine spend its money?
Associated Faculties Of The University Of Maine directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Associated Faculties Of The University Of Maine tax-deductible?
Associated Faculties Of The University Of Maine is registered as a tax-exempt nonprofit (EIN: 10375611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Associated Faculties Of The University Of Maine's spending goes to programs?
Associated Faculties Of The University Of Maine directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Associated Faculties Of The University Of Maine compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Associated Faculties Of The University Of Maine is above average for NTEE category B03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Associated Faculties Of The University Of Maine located?
Associated Faculties Of The University Of Maine is headquartered in Bangor, Maine and files with the IRS under EIN 10375611. It is classified under NTEE code B03.
How many years of IRS 990 filings does Associated Faculties Of The University Of Maine have?
Associated Faculties Of The University Of Maine 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.
Is Associated Faculties Of The University Of Maine a good charity?
Based on its financial health, the organization appears to be well-managed. It consistently generates surpluses, has growing assets, and maintains very low liabilities. The absence of officer compensation suggests a high dedication to its mission and efficient use of funds.
How does the organization manage its expenses?
The organization consistently keeps its expenses well below its revenue, as seen in 2023 where expenses were $44,435 against revenues of $70,532. This indicates effective cost control and a focus on maintaining a healthy financial position.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, increasing from $180,935 in 2014 to $419,445 in 2023. This consistent growth indicates financial stability and the accumulation of reserves.
Filing History
IRS 990 filing history for Associated Faculties Of The University Of Maine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Associated Faculties Of The University Of Maine's revenue has declined by 16.2%, moving from $84K to $71K. Total assets increased by 156.2% over the same period, from $164K to $419K. Total functional expenses fell by 41.6%, from $76K to $44K. In its most recent filing year (2023), Associated Faculties Of The University Of Maine reported a surplus of $26K, with revenue exceeding expenses. The organization holds $998 in liabilities against $419K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $418K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $44K | $419K | $998 | — | View 990 |
| 2022 | $62K | $20K | $393K | $998 | — | View 990 |
| 2021 | $67K | $18K | $351K | $998 | — | — |
| 2020 | $68K | $44K | $302K | $998 | — | View 990 |
| 2019 | $81K | $37K | $278K | $998 | — | View 990 |
| 2018 | $84K | $50K | $233K | $998 | — | View 990 |
| 2017 | $86K | $68K | $200K | $998 | — | View 990 |
| 2016 | $72K | $86K | $183K | $1K | — | View 990 |
| 2015 | $117K | $104K | $196K | $0 | — | View 990 |
| 2014 | $64K | $107K | $181K | $0 | — | — |
| 2013 | $83K | $82K | $178K | $0 | — | — |
| 2012 | $61K | $48K | $177K | $0 | — | — |
| 2011 | $84K | $76K | $164K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $71K, expenses of $44K, and assets of $419K (revenue +13.4% year-over-year).
- 2022: Revenue of $62K, expenses of $20K, and assets of $393K (revenue -7.0% year-over-year).
- 2021: Revenue of $67K, expenses of $18K, and assets of $351K (revenue -1.7% year-over-year).
- 2020: Revenue of $68K, expenses of $44K, and assets of $302K (revenue -16.3% year-over-year).
- 2019: Revenue of $81K, expenses of $37K, and assets of $278K (revenue -2.8% year-over-year).
- 2018: Revenue of $84K, expenses of $50K, and assets of $233K (revenue -2.2% year-over-year).
- 2017: Revenue of $86K, expenses of $68K, and assets of $200K (revenue +18.2% year-over-year).
- 2016: Revenue of $72K, expenses of $86K, and assets of $183K (revenue -38.3% year-over-year).
- 2015: Revenue of $117K, expenses of $104K, and assets of $196K (revenue +82.0% year-over-year).
- 2014: Revenue of $64K, expenses of $107K, and assets of $181K (revenue -22.0% year-over-year).
- 2013: Revenue of $83K, expenses of $82K, and assets of $178K (revenue +35.6% year-over-year).
- 2012: Revenue of $61K, expenses of $48K, and assets of $177K (revenue -27.6% year-over-year).
- 2011: Revenue of $84K, expenses of $76K, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Associated Faculties Of The University Of Maine:
Data Sources and Methodology
This transparency report for Associated Faculties Of The University Of Maine 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.