Chebeague Transportation Co
Chebeague Transportation Co shows consistent revenue growth and zero executive compensation over a decade.
EIN: 10318796 · Chebeague Is, ME · NTEE: W40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.3M |
| Transparency Score | 92/100 |
Is Chebeague Transportation Co Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chebeague Transportation Co directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chebeague Transportation Co
Chebeague Transportation Co (EIN: 10318796) is a nonprofit organization based in Chebeague Is, ME, classified under NTEE code W40. The organization reported total revenue of $2.0M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chebeague Transportation Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chebeague Transportation Co is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$303K |
| Total Assets | $2.6M |
| Total Liabilities | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 16.7% |
| Debt-to-Asset Ratio | 49.3% |
| Months of Reserves | 20.7 months |
Financial Health Grade: A
In 2023, Chebeague Transportation Co reported a surplus of $303K with revenue exceeding expenses, holds 20.7 months of operating reserves (strong position), has a debt-to-asset ratio of 49.3% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Chebeague Transportation Co's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.0% | +0.8% | +12.0% |
| 2022 | -17.2% | +18.2% | -8.5% |
| 2021 | +84.4% | +2.7% | +6.9% |
| 2020 | -30.5% | +5.1% | -11.8% |
| 2019 | +0.1% | +11.9% | +88.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 6000 |
| 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 Chebeague Transportation Co 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Chebeague Transportation Co allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $303K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.3%.
Executive Compensation Analysis
Executive compensation has consistently been reported as $0 across all ten years of available filings, indicating a volunteer-led executive team or that compensation falls below reporting thresholds, which is highly favorable for a nonprofit of its size with latest revenue of $1,980,125.
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.
Strengths
The following positive indicators were identified for Chebeague Transportation Co:
- Consistent revenue growth over a decade, from $770,509 in 2014 to $1,812,838 in 2023.
- Zero reported officer compensation across all ten years of filings, indicating efficient use of funds.
- Significant asset growth, from $817,775 in 2014 to $2,608,167 in 2023, suggesting strong financial management and reinvestment.
- Generally positive net income, with revenue exceeding expenses in most years, such as 2023 ($1,812,838 revenue vs. $1,510,181 expenses).
- Regular and consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Chebeague Transportation Co
Is Chebeague Transportation Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Chebeague Transportation Co (EIN: 10318796) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Chebeague Transportation Co spend its money?
Chebeague Transportation Co directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chebeague Transportation Co tax-deductible?
Chebeague Transportation Co is registered as a tax-exempt nonprofit (EIN: 10318796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chebeague Transportation Co CEO make?
Chebeague Transportation Co's highest-compensated officer earns $0 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chebeague Transportation Co's spending goes to programs?
Chebeague Transportation Co directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chebeague Transportation Co compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Chebeague Transportation Co is above average for NTEE category W40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chebeague Transportation Co located?
Chebeague Transportation Co is headquartered in Chebeague Is, Maine and files with the IRS under EIN 10318796. It is classified under NTEE code W40.
How many years of IRS 990 filings does Chebeague Transportation Co have?
Chebeague Transportation Co has 10 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 $2.0M in total revenue.
Is Chebeague Transportation Co a good charity?
Based on the provided financial data, Chebeague Transportation Co appears to be a very good charity. It demonstrates consistent financial health, strong asset growth, and notably, reports $0 in officer compensation for a decade, indicating a high dedication of resources to its mission.
How has Chebeague Transportation Co's revenue changed over time?
Chebeague Transportation Co's revenue has shown significant growth, increasing from $770,509 in 2014 to $1,812,838 in 2023, representing a substantial increase over the decade.
What is Chebeague Transportation Co's financial stability?
The organization exhibits strong financial stability, with assets growing from $817,775 in 2014 to $2,608,167 in 2023, and generally maintaining positive net income, indicating a healthy financial position.
Filing History
IRS 990 filing history for Chebeague Transportation Co showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Chebeague Transportation Co's revenue has grown by 135.3%, moving from $771K to $1.8M. Total assets increased by 218.9% over the same period, from $818K to $2.6M. Total functional expenses rose by 146.1%, from $614K to $1.5M. In its most recent filing year (2023), Chebeague Transportation Co reported a surplus of $303K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $2.6M in assets (debt-to-asset ratio: 49.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.5M | $2.6M | $1.3M | — | — |
| 2022 | $1.3M | $1.5M | $2.3M | $1.3M | — | — |
| 2021 | $1.6M | $1.3M | $2.5M | $1.3M | — | View 990 |
| 2020 | $860K | $1.2M | $2.4M | $1.5M | — | — |
| 2019 | $1.2M | $1.2M | $2.7M | $1.4M | — | View 990 |
| 2018 | $1.2M | $1.0M | $1.4M | $246K | — | View 990 |
| 2017 | $1.2M | $1.0M | $1.3M | $276K | — | View 990 |
| 2016 | $1.2M | $1.0M | $1.1M | $240K | — | View 990 |
| 2015 | $1.1M | $1.0M | $969K | $307K | — | View 990 |
| 2014 | $771K | $614K | $818K | $251K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.5M, and assets of $2.6M (revenue +38.0% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $2.3M (revenue -17.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.3M, and assets of $2.5M (revenue +84.4% year-over-year).
- 2020: Revenue of $860K, expenses of $1.2M, and assets of $2.4M (revenue -30.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $2.7M (revenue +0.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.0M, and assets of $1.4M (revenue +4.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.0M, and assets of $1.3M (revenue +1.4% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $1.1M (revenue +4.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $969K (revenue +46.1% year-over-year).
- 2014: Revenue of $771K, expenses of $614K, and assets of $818K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chebeague Transportation Co:
Data Sources and Methodology
This transparency report for Chebeague Transportation Co 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.