Casco Bay Health Center

Casco Bay Health Center shows strong financial health with significant asset growth and no reported officer compensation.

EIN: 10338544 · Peaks Island, ME · Updated: 2026-03-28

$348KRevenue

$900KAssets

85/100Mission Score (Excellent)

About Casco Bay Health Center

Casco Bay Health Center (EIN: 10338544) is a nonprofit organization based in Peaks Island, ME. The organization reported total revenue of $348K and total assets of $900K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Casco Bay Health Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Casco Bay Health Center appears to be in a stable financial position, with assets significantly exceeding liabilities. The latest reported revenue of $347,900 indicates a substantial increase from the prior period's $62,336, suggesting growth or a significant one-time event. The organization's spending efficiency is strong, with expenses of $30,466 against revenue of $62,336 in the 202209 period, indicating a healthy surplus. The absence of officer compensation reported in the 202209 filing suggests a volunteer-led or very lean administrative structure, which is positive for donor confidence. However, with only one filing available, a comprehensive trend analysis is limited, and the breakdown of expenses into program, administrative, and fundraising categories is not detailed enough to fully assess spending efficiency without further information.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Casco Bay Health Center 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Casco Bay Health Center 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.

Executive Compensation Analysis

No officer compensation was reported in the 202209 filing, indicating that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for a small organization with $62,336 in revenue during that period.

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 Casco Bay Health Center's IRS 990 filings:

Limited financial filing history (only one filing available for detailed analysis)
Lack of detailed expense breakdown in summary data

Strengths

The following positive indicators were identified for Casco Bay Health Center:

Strong financial health with assets ($900,180) significantly exceeding liabilities ($0)
No officer compensation reported in the 202209 filing, indicating efficient use of funds or volunteer leadership
Positive net income in the 202209 period ($62,336 revenue vs. $30,466 expenses)
Significant growth in latest reported revenue ($347,900)

Frequently Asked Questions about Casco Bay Health Center

Is Casco Bay Health Center a good charity?

Based on the available data, Casco Bay Health Center appears to be a good charity, demonstrating strong financial health with assets of $900,180 and no reported officer compensation in its 202209 filing. Its expenses were significantly lower than its revenue in the last reported period, indicating efficient operations.

What caused the significant revenue increase from $62,336 to $347,900?

The provided data does not specify the reason for the substantial increase in revenue. It could be due to successful fundraising campaigns, grants, or an expansion of services. Further investigation into their financial statements would be needed to understand this change.

How does Casco Bay Health Center allocate its expenses?

While specific detailed expense breakdowns are not available in the provided summary, the organization reported $30,466 in expenses against $62,336 in revenue for the 202209 period, suggesting a lean operational structure. Without a detailed 990, the exact allocation between programs, administration, and fundraising is an estimate.

Filing History

IRS 990 filing history for Casco Bay Health Center showing financial trends over 1 year of public records:

In its most recent filing year (2022), Casco Bay Health Center reported a surplus of $32K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$62K	$30K	$381K	$0	—	View 990

Data Sources and Methodology

This transparency report for Casco Bay Health Center 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.