Castine Community Hospital
Castine Community Hospital consistently generates surpluses and grows assets with no reported officer compensation.
EIN: 10221126 · Castine, ME · NTEE: E39Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $237K |
| Total Expenses | $200K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.8M |
| Transparency Score | 92/100 |
Is Castine Community Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Castine Community Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Castine Community Hospital
Castine Community Hospital (EIN: 10221126) is a nonprofit organization based in Castine, ME, classified under NTEE code E39Z. The organization reported total revenue of $237K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Castine Community Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Castine Community Hospital is a small nonprofit that has been operating for 91 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 15.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $239K |
| Total Expenses | $200K |
| Surplus / Deficit | +$39K |
| Total Assets | $4.8M |
| Total Liabilities | $2K |
| Net Assets | $4.8M |
| Operating Margin | 16.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 287.2 months |
Financial Health Grade: A
In 2024, Castine Community Hospital reported a surplus of $39K with revenue exceeding expenses, holds 287.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Castine Community Hospital's revenue has grown at a compound annual growth rate (CAGR) of 15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +30.8% | +60.6% | +16.9% |
| 2023 | -16.0% | +77.8% | +0.8% |
| 2022 | +35.9% | -8.8% | +3.2% |
| 2021 | +2.5% | +21.0% | +37.4% |
| 2020 | +7.4% | -6.4% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1935 |
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 Castine Community Hospital with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Castine Community Hospital allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly unusual for an organization with assets approaching $5 million.
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 Castine Community Hospital's IRS 990 filings:
- Unusually low liabilities in some periods (e.g., $0 in 2018-2020), which could indicate simplified reporting or specific financial practices.
- Consistent 0% officer compensation for an organization with growing assets and revenue, which warrants further investigation into how leadership is structured and compensated.
Strengths
The following positive indicators were identified for Castine Community Hospital:
- Consistent financial surpluses, with revenue significantly exceeding expenses in most periods (e.g., $239,229 revenue vs. $199,806 expenses in 2024).
- Strong and consistent asset growth over the past decade, indicating robust financial health and stability.
- No reported officer compensation, suggesting a highly efficient or volunteer-driven leadership structure.
- Low liabilities relative to assets, indicating a strong balance sheet.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Castine Community Hospital
Is Castine Community Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Castine Community Hospital (EIN: 10221126) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Castine Community Hospital spend its money?
Castine Community Hospital directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Castine Community Hospital tax-deductible?
Castine Community Hospital is registered as a tax-exempt nonprofit (EIN: 10221126). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Castine Community Hospital CEO make?
Castine Community Hospital's highest-compensated officer earns $5 annually. The organization reported $237K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Castine Community Hospital compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Castine Community Hospital is above average for NTEE category E39Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Castine Community Hospital located?
Castine Community Hospital is headquartered in Castine, Maine and files with the IRS under EIN 10221126. It is classified under NTEE code E39Z.
How many years of IRS 990 filings does Castine Community Hospital have?
Castine Community Hospital has 14 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 $237K in total revenue.
Is Castine Community Hospital a good charity?
Based on its financial health, consistent surpluses, significant asset growth, and 0% reported officer compensation, Castine Community Hospital appears to be a very well-managed and efficient organization. Its consistent financial performance and lack of reported executive compensation are strong indicators of a commitment to its mission.
How does Castine Community Hospital manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is notable. This could mean that the organization is entirely volunteer-led at the executive level, or that executive roles are compensated through other means not categorized as 'officer compensation' on the IRS 990. Further inquiry into their operational structure would clarify this.
What is the trend in Castine Community Hospital's assets?
Castine Community Hospital has shown a strong upward trend in assets, growing from $2,085,501 in 2015 to $4,781,600 in 2024, nearly doubling its asset base in less than a decade. This indicates excellent financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Castine Community Hospital showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Castine Community Hospital's revenue has grown by 574.7%, moving from $35K to $239K. Total assets increased by 199.9% over the same period, from $1.6M to $4.8M. Total functional expenses rose by 1719.2%, from $11K to $200K. In its most recent filing year (2024), Castine Community Hospital reported a surplus of $39K, with revenue exceeding expenses. The organization holds $2K in liabilities against $4.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $239K | $200K | $4.8M | $2K | — | — |
| 2023 | $183K | $124K | $4.1M | $3K | — | View 990 |
| 2022 | $218K | $70K | $4.1M | $3K | — | View 990 |
| 2021 | $160K | $77K | $3.9M | $3K | — | — |
| 2020 | $156K | $63K | $2.9M | $0 | — | View 990 |
| 2019 | $146K | $68K | $2.8M | $0 | — | View 990 |
| 2018 | $149K | $75K | $2.6M | $0 | — | View 990 |
| 2017 | $147K | $86K | $2.4M | $0 | — | View 990 |
| 2016 | $148K | $85K | $2.1M | $0 | — | View 990 |
| 2015 | $134K | $81K | $2.1M | $0 | — | View 990 |
| 2014 | $138K | $97K | $2.0M | $0 | — | View 990 |
| 2013 | $91K | $18K | $1.8M | $9K | — | View 990 |
| 2012 | $32K | $16K | $1.6M | $0 | — | View 990 |
| 2011 | $35K | $11K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $239K, expenses of $200K, and assets of $4.8M (revenue +30.8% year-over-year).
- 2023: Revenue of $183K, expenses of $124K, and assets of $4.1M (revenue -16.0% year-over-year).
- 2022: Revenue of $218K, expenses of $70K, and assets of $4.1M (revenue +35.9% year-over-year).
- 2021: Revenue of $160K, expenses of $77K, and assets of $3.9M (revenue +2.5% year-over-year).
- 2020: Revenue of $156K, expenses of $63K, and assets of $2.9M (revenue +7.4% year-over-year).
- 2019: Revenue of $146K, expenses of $68K, and assets of $2.8M (revenue -2.4% year-over-year).
- 2018: Revenue of $149K, expenses of $75K, and assets of $2.6M (revenue +1.8% year-over-year).
- 2017: Revenue of $147K, expenses of $86K, and assets of $2.4M (revenue -0.8% year-over-year).
- 2016: Revenue of $148K, expenses of $85K, and assets of $2.1M (revenue +10.0% year-over-year).
- 2015: Revenue of $134K, expenses of $81K, and assets of $2.1M (revenue -2.6% year-over-year).
- 2014: Revenue of $138K, expenses of $97K, and assets of $2.0M (revenue +51.7% year-over-year).
- 2013: Revenue of $91K, expenses of $18K, and assets of $1.8M (revenue +186.3% year-over-year).
- 2012: Revenue of $32K, expenses of $16K, and assets of $1.6M (revenue -10.3% year-over-year).
- 2011: Revenue of $35K, expenses of $11K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Castine Community Hospital:
Data Sources and Methodology
This transparency report for Castine Community Hospital 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.