Coastal Maine Aquatics
Coastal Maine Aquatics shows consistent operations with volunteer leadership, but experienced a net deficit and asset decline in 2023.
EIN: 10422745 · S Portland, ME · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $248K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $7K |
| Transparency Score | 85/100 |
Is Coastal Maine Aquatics Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coastal Maine Aquatics directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coastal Maine Aquatics
Coastal Maine Aquatics (EIN: 10422745) is a nonprofit organization based in S Portland, ME, classified under NTEE code N67. The organization reported total revenue of $0 and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Maine Aquatics's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coastal Maine Aquatics is a small nonprofit that has been operating for 3 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $221K |
| Total Expenses | $248K |
| Surplus / Deficit | $-26,240 |
| Total Assets | $10K |
| Total Liabilities | $3K |
| Net Assets | $7K |
| Operating Margin | -11.9% |
| Debt-to-Asset Ratio | 26.9% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, Coastal Maine Aquatics reported a deficit of $26K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 26.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Coastal Maine Aquatics's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.3% | +2.0% | -89.8% |
| 2022 | +56.0% | +22.8% | +6.7% |
| 2021 | -1.7% | +11.8% | +27.6% |
| 2020 | -19.3% | -16.5% | +63.8% |
| 2019 | +10.8% | +20.6% | -23.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 Coastal Maine Aquatics 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, Coastal Maine Aquatics 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.9%.
Executive Compensation Analysis
Coastal Maine Aquatics consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for an organization of its operational size (revenues typically over $150,000).
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 Coastal Maine Aquatics's IRS 990 filings:
- Significant decline in assets from $95,474 in 2022 to $9,776 in 2023
- Expenses ($247,595) exceeded revenue ($221,355) in the latest reporting period (2023)
- Fluctuating financial performance with several years of net deficits
Strengths
The following positive indicators were identified for Coastal Maine Aquatics:
- Consistent operations and filing history over more than a decade
- 0% officer compensation, indicating volunteer leadership and efficient use of funds
- Demonstrated ability to manage and reduce liabilities, from $77,656 in 2021 to $2,629 in 2023
- Sustained revenue generation, typically above $150,000 annually
Frequently Asked Questions about Coastal Maine Aquatics
Is Coastal Maine Aquatics a legitimate charity?
Based on AI analysis of IRS 990 filings, Coastal Maine Aquatics (EIN: 10422745) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Coastal Maine Aquatics spend its money?
Coastal Maine Aquatics directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Coastal Maine Aquatics tax-deductible?
Coastal Maine Aquatics is registered as a tax-exempt nonprofit (EIN: 10422745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Coastal Maine Aquatics CEO make?
Coastal Maine Aquatics's highest-compensated officer earns $150,000 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Coastal Maine Aquatics's spending goes to programs?
Coastal Maine Aquatics directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Coastal Maine Aquatics compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Coastal Maine Aquatics is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Coastal Maine Aquatics located?
Coastal Maine Aquatics is headquartered in S Portland, Maine and files with the IRS under EIN 10422745. It is classified under NTEE code N67.
How many years of IRS 990 filings does Coastal Maine Aquatics have?
Coastal Maine Aquatics 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.
Is Coastal Maine Aquatics financially stable?
While the organization has shown consistent operations for over a decade, the latest filing (2023) indicates expenses ($247,595) exceeded revenue ($221,355) and assets significantly decreased from $95,474 in 2022 to $9,776. This suggests a recent period of financial instability, though it has managed fluctuations in the past.
How does Coastal Maine Aquatics manage executive compensation?
The organization reports 0% officer compensation in all available filings, meaning its leadership serves on a volunteer basis, which is a strong positive for donor confidence and resource allocation to programs.
What is the trend in the organization's assets?
Assets have fluctuated significantly, reaching a high of $95,474 in 2022 but dropping sharply to $9,776 in 2023. This recent decline warrants further investigation to understand the underlying reasons.
Has the organization consistently met its expenses with revenue?
No, the organization has experienced periods where expenses exceeded revenue, such as in 2023 ($247,595 expenses vs. $221,355 revenue), 2021 ($197,722 expenses vs. $169,479 revenue), and 2020 ($176,910 expenses vs. $172,377 revenue), among others. However, it has also had periods of surplus.
Filing History
IRS 990 filing history for Coastal Maine Aquatics showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Coastal Maine Aquatics's revenue has grown by 109%, moving from $106K to $221K. Total assets decreased by 24.3% over the same period, from $13K to $10K. Total functional expenses rose by 150.9%, from $99K to $248K. In its most recent filing year (2023), Coastal Maine Aquatics reported a deficit of $26K, with expenses exceeding revenue. The organization holds $3K in liabilities against $10K in assets (debt-to-asset ratio: 26.9%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $221K | $248K | $10K | $3K | — | — |
| 2022 | $264K | $243K | $95K | $62K | — | — |
| 2021 | $169K | $198K | $90K | $78K | — | — |
| 2020 | $172K | $177K | $70K | $59K | — | — |
| 2019 | $214K | $212K | $43K | $27K | — | — |
| 2018 | $193K | $176K | $56K | $41K | — | View 990 |
| 2017 | $159K | $170K | $33K | $34K | — | View 990 |
| 2016 | $178K | $182K | $9K | $0 | — | View 990 |
| 2015 | $178K | $200K | $73K | $61K | — | View 990 |
| 2014 | $218K | $211K | $90K | $55K | — | View 990 |
| 2013 | $190K | $193K | $48K | $21K | — | View 990 |
| 2012 | $166K | $143K | $44K | $13K | — | View 990 |
| 2011 | $106K | $99K | $13K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $221K, expenses of $248K, and assets of $10K (revenue -16.3% year-over-year).
- 2022: Revenue of $264K, expenses of $243K, and assets of $95K (revenue +56.0% year-over-year).
- 2021: Revenue of $169K, expenses of $198K, and assets of $90K (revenue -1.7% year-over-year).
- 2020: Revenue of $172K, expenses of $177K, and assets of $70K (revenue -19.3% year-over-year).
- 2019: Revenue of $214K, expenses of $212K, and assets of $43K (revenue +10.8% year-over-year).
- 2018: Revenue of $193K, expenses of $176K, and assets of $56K (revenue +21.0% year-over-year).
- 2017: Revenue of $159K, expenses of $170K, and assets of $33K (revenue -10.6% year-over-year).
- 2016: Revenue of $178K, expenses of $182K, and assets of $9K (revenue +0.1% year-over-year).
- 2015: Revenue of $178K, expenses of $200K, and assets of $73K (revenue -18.2% year-over-year).
- 2014: Revenue of $218K, expenses of $211K, and assets of $90K (revenue +14.5% year-over-year).
- 2013: Revenue of $190K, expenses of $193K, and assets of $48K (revenue +14.6% year-over-year).
- 2012: Revenue of $166K, expenses of $143K, and assets of $44K (revenue +56.6% year-over-year).
- 2011: Revenue of $106K, expenses of $99K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coastal Maine Aquatics:
Data Sources and Methodology
This transparency report for Coastal Maine Aquatics 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.