Biscay Road Corporation
Biscay Road Corporation faces persistent deficits and declining assets with high liabilities.
EIN: 10523782 · Saco, ME · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $74K |
| Net Assets | $-417,629 |
| Transparency Score | 30/100 |
Is Biscay Road Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Biscay Road Corporation
Biscay Road Corporation (EIN: 10523782) is a nonprofit organization based in Saco, ME, classified under NTEE code L20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Biscay Road Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Biscay Road Corporation is a micro nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $74K |
| Surplus / Deficit | $-27,832 |
| Total Assets | $249K |
| Total Liabilities | $666K |
| Net Assets | $-417,629 |
| Operating Margin | -60.0% |
| Debt-to-Asset Ratio | 268.0% |
| Months of Reserves | 40.2 months |
Financial Health Grade: C
In 2023, Biscay Road Corporation reported a deficit of $28K with expenses exceeding revenue, holds 40.2 months of operating reserves (strong position), has a debt-to-asset ratio of 268.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Biscay Road Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | +4.4% | -8.9% |
| 2022 | +20.3% | +9.7% | -5.2% |
| 2021 | -18.5% | +1.4% | -6.7% |
| 2020 | +15.9% | -3.6% | -9.7% |
| 2019 | -8.6% | +6.8% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Biscay Road Corporation with a Mission Score of 30 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Biscay Road Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 268.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer-led organization or compensation structures not disclosed in this section of the 990.
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 Biscay Road Corporation's IRS 990 filings:
- Consistent annual operating deficits (e.g., $27,832 in 2023).
- Declining asset base over the past decade (from $404,438 in 2014 to $248,518 in 2023).
- High and stable liabilities (around $660,000) significantly exceeding assets.
- Lack of detailed expense breakdown (program, admin, fundraising) in available data.
- Negative net assets (Liabilities $666,147 vs Assets $248,518 in 2023).
Strengths
The following positive indicators were identified for Biscay Road Corporation:
- No reported officer compensation, suggesting a potentially volunteer-driven leadership or efficient use of funds in this area.
Frequently Asked Questions about Biscay Road Corporation
Is Biscay Road Corporation a legitimate charity?
Biscay Road Corporation (EIN: 10523782) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 30/100. It has 12 years of IRS 990 filings on record. 5 red flags identified. 1 strength noted. Financial health grade: C.
How does Biscay Road Corporation spend its money?
Biscay Road Corporation reported its financials in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Biscay Road Corporation tax-deductible?
Biscay Road Corporation is registered as a tax-exempt nonprofit (EIN: 10523782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Biscay Road Corporation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Biscay Road Corporation is below average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Biscay Road Corporation located?
Biscay Road Corporation is headquartered in Saco, Maine and files with the IRS under EIN 10523782. It is classified under NTEE code L20.
How many years of IRS 990 filings does Biscay Road Corporation have?
Biscay Road Corporation 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.
How does Biscay Road Corporation cover its consistent annual deficits?
The organization consistently reports expenses exceeding revenue, for example, a $27,832 deficit in 2023. This suggests they are either drawing down on reserves, receiving unreported funding, or operating with a structural deficit that is eroding their asset base.
What is the nature of Biscay Road Corporation's significant liabilities?
Liabilities have consistently been around $660,000 for the past decade, significantly outweighing assets. Understanding the nature of these liabilities (e.g., mortgages, loans, program-related obligations) is crucial for assessing financial stability.
Why are assets steadily declining while liabilities remain high?
Assets have decreased from $404,438 in 2014 to $248,518 in 2023, while liabilities have remained stable at a high level. This trend indicates a deteriorating financial position and potential long-term sustainability challenges.
What are the specific program activities and their associated costs?
Without a detailed breakdown of expenses, it's impossible to determine how much of the organization's spending is directly allocated to its mission-related programs versus administrative or fundraising activities.
Filing History
IRS 990 filing history for Biscay Road Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Biscay Road Corporation's revenue has grown by 23.8%, moving from $37K to $46K. Total assets decreased by 43.5% over the same period, from $440K to $249K. Total functional expenses rose by 32.7%, from $56K to $74K. In its most recent filing year (2023), Biscay Road Corporation reported a deficit of $28K, with expenses exceeding revenue. The organization holds $666K in liabilities against $249K in assets (debt-to-asset ratio: 268.0%), resulting in net assets of $-417,629.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46K | $74K | $249K | $666K | — | View 990 |
| 2022 | $53K | $71K | $273K | $663K | — | View 990 |
| 2021 | $44K | $65K | $288K | $660K | — | — |
| 2020 | $54K | $64K | $309K | $660K | — | View 990 |
| 2019 | $47K | $66K | $342K | $684K | — | View 990 |
| 2018 | $51K | $62K | $338K | $660K | — | View 990 |
| 2017 | $53K | $59K | $348K | $660K | — | View 990 |
| 2016 | $51K | $80K | $353K | $660K | — | View 990 |
| 2015 | $43K | $65K | $384K | $661K | — | View 990 |
| 2014 | $44K | $58K | $404K | $660K | — | View 990 |
| 2013 | $42K | $63K | $420K | $661K | — | View 990 |
| 2012 | $37K | $56K | $440K | $660K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46K, expenses of $74K, and assets of $249K (revenue -13.0% year-over-year).
- 2022: Revenue of $53K, expenses of $71K, and assets of $273K (revenue +20.3% year-over-year).
- 2021: Revenue of $44K, expenses of $65K, and assets of $288K (revenue -18.5% year-over-year).
- 2020: Revenue of $54K, expenses of $64K, and assets of $309K (revenue +15.9% year-over-year).
- 2019: Revenue of $47K, expenses of $66K, and assets of $342K (revenue -8.6% year-over-year).
- 2018: Revenue of $51K, expenses of $62K, and assets of $338K (revenue -3.7% year-over-year).
- 2017: Revenue of $53K, expenses of $59K, and assets of $348K (revenue +4.4% year-over-year).
- 2016: Revenue of $51K, expenses of $80K, and assets of $353K (revenue +19.4% year-over-year).
- 2015: Revenue of $43K, expenses of $65K, and assets of $384K (revenue -1.8% year-over-year).
- 2014: Revenue of $44K, expenses of $58K, and assets of $404K (revenue +3.6% year-over-year).
- 2013: Revenue of $42K, expenses of $63K, and assets of $420K (revenue +12.3% year-over-year).
- 2012: Revenue of $37K, expenses of $56K, and assets of $440K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Biscay Road Corporation:
Data Sources and Methodology
This transparency report for Biscay Road Corporation 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.