Bangor Airport Civic Development Corporation Banair
Bangor Airport Civic Development Corporation Banair maintains stable finances with no reported officer compensation.
EIN: 10370020 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $143K |
| Total Expenses | $117K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $952K |
| Transparency Score | 85/100 |
Is Bangor Airport Civic Development Corporation Banair Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bangor Airport Civic Development Corporation Banair directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bangor Airport Civic Development Corporation Banair
Bangor Airport Civic Development Corporation Banair (EIN: 10370020) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $143K and total assets of $999K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangor Airport Civic Development Corporation Banair's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bangor Airport Civic Development Corporation Banair is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $117K |
| Surplus / Deficit | +$492 |
| Total Assets | $954K |
| Total Liabilities | $2K |
| Net Assets | $952K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 97.7 months |
Financial Health Grade: A
In 2023, Bangor Airport Civic Development Corporation Banair reported a surplus of $492 with revenue exceeding expenses, holds 97.7 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), Bangor Airport Civic Development Corporation Banair's revenue has declined at a compound annual growth rate (CAGR) of -10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | -8.8% | -0.4% |
| 2022 | -24.0% | +9.6% | -3.6% |
| 2021 | +65.5% | +55.0% | +1.4% |
| 2020 | +21.2% | -7.1% | +4.0% |
| 2019 | +5.8% | -35.5% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 Bangor Airport Civic Development Corporation Banair with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bangor Airport Civic Development Corporation Banair allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $492, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is highly efficient for an organization of this size with annual revenues typically under $150,000 in recent years.
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 Bangor Airport Civic Development Corporation Banair's IRS 990 filings:
- NTEE Code is unknown, limiting clear understanding of mission focus
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Bangor Airport Civic Development Corporation Banair:
- Consistent financial stability with assets near $1 million
- 0% reported officer compensation, indicating high efficiency in leadership costs
- Low and decreasing liabilities, demonstrating strong financial health (e.g., $2,329 in 2023)
- Consistent filing history, indicating transparency and compliance
- Expenses generally align with revenues, showing balanced operations
Frequently Asked Questions about Bangor Airport Civic Development Corporation Banair
Is Bangor Airport Civic Development Corporation Banair a legitimate charity?
Bangor Airport Civic Development Corporation Banair (EIN: 10370020) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $143K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Bangor Airport Civic Development Corporation Banair spend its money?
Bangor Airport Civic Development Corporation Banair directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bangor Airport Civic Development Corporation Banair tax-deductible?
Bangor Airport Civic Development Corporation Banair is registered as a tax-exempt nonprofit (EIN: 10370020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bangor Airport Civic Development Corporation Banair CEO make?
Bangor Airport Civic Development Corporation Banair's highest-compensated officer earns $150,000 annually. The organization reported $143K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bangor Airport Civic Development Corporation Banair's spending goes to programs?
Bangor Airport Civic Development Corporation Banair directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bangor Airport Civic Development Corporation Banair located?
Bangor Airport Civic Development Corporation Banair is headquartered in Bangor, Maine and files with the IRS under EIN 10370020.
How many years of IRS 990 filings does Bangor Airport Civic Development Corporation Banair have?
Bangor Airport Civic Development Corporation Banair 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 $143K in total revenue.
Is Bangor Airport Civic Development Corporation Banair a good charity?
Based on the available data, Banair appears to be a financially stable organization with a strong commitment to minimizing executive compensation (0% reported). Its consistent asset base and low liabilities suggest good financial management. However, without detailed program spending breakdowns, it's difficult to fully assess its direct charitable impact.
How does Banair manage its finances given its revenue fluctuations?
Banair demonstrates stable financial management despite revenue fluctuations. For example, in 2023, revenue was $117,684 and expenses were $117,192, showing a balanced budget. The organization maintains a consistent asset base (e.g., $954,347 in 2023) which provides a buffer during periods of lower revenue or higher expenses, such as in 2022 when expenses ($128,556) exceeded revenue ($110,206).
What is the trend in Banair's assets and liabilities?
Banair's assets have remained relatively stable, hovering around $1 million, with the latest reported assets at $998,659. Liabilities have generally been low and manageable, showing a significant decrease from $131,991 in 2022 to just $2,329 in 2023, indicating strong financial health and minimal debt.
Filing History
IRS 990 filing history for Bangor Airport Civic Development Corporation Banair showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bangor Airport Civic Development Corporation Banair's revenue has declined by 74.2%, moving from $457K to $118K. Total assets decreased by 6.8% over the same period, from $1.0M to $954K. Total functional expenses fell by 71.8%, from $416K to $117K. In its most recent filing year (2023), Bangor Airport Civic Development Corporation Banair reported a surplus of $492, with revenue exceeding expenses. The organization holds $2K in liabilities against $954K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $952K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $117K | $954K | $2K | — | View 990 |
| 2022 | $110K | $129K | $959K | $132K | — | View 990 |
| 2021 | $145K | $117K | $994K | $150K | — | View 990 |
| 2020 | $88K | $76K | $980K | $163K | — | — |
| 2019 | $72K | $81K | $943K | $137K | — | View 990 |
| 2018 | $68K | $126K | $947K | $132K | — | View 990 |
| 2017 | $468K | $435K | $1.0M | $142K | — | View 990 |
| 2016 | $700K | $674K | $1.0M | $200K | — | View 990 |
| 2015 | $598K | $665K | $961K | $313K | — | View 990 |
| 2014 | $579K | $581K | $1.0M | $324K | — | View 990 |
| 2013 | $505K | $469K | $1.2M | $470K | — | View 990 |
| 2012 | $455K | $459K | $1.1M | $438K | — | View 990 |
| 2011 | $457K | $416K | $1.0M | $339K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $117K, and assets of $954K (revenue +6.8% year-over-year).
- 2022: Revenue of $110K, expenses of $129K, and assets of $959K (revenue -24.0% year-over-year).
- 2021: Revenue of $145K, expenses of $117K, and assets of $994K (revenue +65.5% year-over-year).
- 2020: Revenue of $88K, expenses of $76K, and assets of $980K (revenue +21.2% year-over-year).
- 2019: Revenue of $72K, expenses of $81K, and assets of $943K (revenue +5.8% year-over-year).
- 2018: Revenue of $68K, expenses of $126K, and assets of $947K (revenue -85.4% year-over-year).
- 2017: Revenue of $468K, expenses of $435K, and assets of $1.0M (revenue -33.1% year-over-year).
- 2016: Revenue of $700K, expenses of $674K, and assets of $1.0M (revenue +17.0% year-over-year).
- 2015: Revenue of $598K, expenses of $665K, and assets of $961K (revenue +3.3% year-over-year).
- 2014: Revenue of $579K, expenses of $581K, and assets of $1.0M (revenue +14.6% year-over-year).
- 2013: Revenue of $505K, expenses of $469K, and assets of $1.2M (revenue +11.1% year-over-year).
- 2012: Revenue of $455K, expenses of $459K, and assets of $1.1M (revenue -0.4% year-over-year).
- 2011: Revenue of $457K, expenses of $416K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bangor Airport Civic Development Corporation Banair:
Data Sources and Methodology
This transparency report for Bangor Airport Civic Development Corporation Banair 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.