Coastal Trans Inc
Coastal Trans Inc: Declining Revenue and Persistent Deficits Raise Concerns
EIN: 222571406 · Rockland, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $1.3M |
| Program Spending | 70% |
| Net Assets | $270K |
| Transparency Score | 45/100 |
Is Coastal Trans Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coastal Trans Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Coastal Trans Inc
Coastal Trans Inc (EIN: 222571406) is a nonprofit organization based in Rockland, ME. 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 Coastal Trans Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coastal Trans Inc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -17.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-302,082 |
| Total Assets | $540K |
| Total Liabilities | $270K |
| Net Assets | $270K |
| Operating Margin | -29.3% |
| Debt-to-Asset Ratio | 50.0% |
| Months of Reserves | 4.9 months |
Financial Health Grade: C
In 2015, Coastal Trans Inc reported a deficit of $302K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 50.0% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Coastal Trans Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -23.8% | -15.5% | -36.0% |
| 2014 | -30.7% | -27.0% | -28.2% |
| 2013 | -13.8% | -2.1% | +88.0% |
| 2012 | +3.6% | -0.2% | +28.3% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coastal Trans Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Coastal Trans Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $302K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data.
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 Trans Inc's IRS 990 filings:
- Consistent operating deficits across all reported years (e.g., $1,333,134 expenses vs. $1,031,052 revenue in 2015).
- Significant decline in net assets over the five-year period, indicating financial instability.
- Revenue has decreased substantially from $2,265,509 in 2012 to $1,031,052 in 2015.
Strengths
The following positive indicators were identified for Coastal Trans Inc:
- The organization has maintained operations despite financial challenges for at least five years.
Frequently Asked Questions about Coastal Trans Inc
Is Coastal Trans Inc a legitimate charity?
Coastal Trans Inc (EIN: 222571406) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Coastal Trans Inc spend its money?
Coastal Trans Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Coastal Trans Inc tax-deductible?
Coastal Trans Inc is registered as a tax-exempt nonprofit (EIN: 222571406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Coastal Trans Inc's spending goes to programs?
Coastal Trans Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Coastal Trans Inc located?
Coastal Trans Inc is headquartered in Rockland, Maine and files with the IRS under EIN 222571406.
How many years of IRS 990 filings does Coastal Trans Inc have?
Coastal Trans Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Coastal Trans Inc do?
Coastal Trans Inc is a nonprofit organization in the Unknown sector, located in Rockland, Maine. It is classified under NTEE code Unknown.
How much revenue does Coastal Trans Inc have?
Coastal Trans Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Coastal Trans Inc's total assets?
Coastal Trans Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Coastal Trans Inc located?
Coastal Trans Inc is based in Rockland, Maine.
What is Coastal Trans Inc's EIN?
Coastal Trans Inc's Employer Identification Number (EIN) is 222571406. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Coastal Trans Inc?
Coastal Trans Inc is classified under NTEE code Unknown (Unknown).
Is Coastal Trans Inc a registered 501(c)(3)?
Coastal Trans Inc appears in IRS records (EIN: 222571406). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Coastal Trans Inc file IRS Form 990?
Yes, Coastal Trans Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201509.
What was Coastal Trans Inc's revenue in 2015?
In the 201509 filing period, Coastal Trans Inc reported total revenue of $1,031,052, total expenses of $1,333,134, and net assets of $539,816.
Is Coastal Trans Inc's revenue growing or declining?
Coastal Trans Inc's revenue is declining. Revenue went from $1,353,108 (201409) to $1,031,052 (201509), a -23.8% change. Based on 5 filings on record.
What is Coastal Trans Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Coastal Trans Inc covers tax period 201509. It shows revenue of $1,031,052, expenses of $1,333,134, total assets of $539,816, and liabilities of $269,694.
How much does Coastal Trans Inc spend on programs vs administration?
Based on IRS 990 analysis, Coastal Trans Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Coastal Trans Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Coastal Trans Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Coastal Trans Inc?
The following concerns were identified: Consistent operating deficits across all reported years (e.g., $1,333,134 expenses vs. $1,031,052 revenue in 2015).. Significant decline in net assets over the five-year period, indicating financial instability.. Revenue has decreased substantially from $2,265,509 in 2012 to $1,031,052 in 2015.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Coastal Trans Inc's strengths?
Positive indicators for Coastal Trans Inc include: The organization has maintained operations despite financial challenges for at least five years.. These findings are derived from AI analysis of the organization's financial filings.
How does Coastal Trans Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the long-term sustainability plan for Coastal Trans Inc given its consistent operating deficits and declining net assets?
The provided data does not offer insights into a sustainability plan, but the trend suggests a need for significant operational or financial restructuring to avoid insolvency.
How does Coastal Trans Inc manage to cover its expenses despite consistently reporting less revenue, and what are the sources of funding bridging this gap?
The data indicates that the organization is drawing down its net assets to cover the difference between expenses and revenue, as evidenced by the decreasing 'l' (net assets) figure each year.
Filing History
IRS 990 filing history for Coastal Trans Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Coastal Trans Inc's revenue has declined by 52.9%, moving from $2.2M to $1.0M. Total assets increased by 10.9% over the same period, from $487K to $540K. Total functional expenses fell by 39.7%, from $2.2M to $1.3M. In its most recent filing year (2015), Coastal Trans Inc reported a deficit of $302K, with expenses exceeding revenue. The organization holds $270K in liabilities against $540K in assets (debt-to-asset ratio: 50.0%), resulting in net assets of $270K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1.0M | $1.3M | $540K | $270K | — | View 990 |
| 2014 | $1.4M | $1.6M | $843K | $271K | — | View 990 |
| 2013 | $2.0M | $2.2M | $1.2M | $377K | — | View 990 |
| 2012 | $2.3M | $2.2M | $624K | $372K | — | View 990 |
| 2011 | $2.2M | $2.2M | $487K | $294K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1.0M, expenses of $1.3M, and assets of $540K (revenue -23.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.6M, and assets of $843K (revenue -30.7% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.2M, and assets of $1.2M (revenue -13.8% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $624K (revenue +3.6% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.2M, and assets of $487K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coastal Trans Inc:
Data Sources and Methodology
This transparency report for Coastal Trans Inc 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.