Cobscook Bay Resource Center Inc

Cobscook Bay Resource Center Inc faces severe financial decline with near-zero revenue and assets in its latest filing.

EIN: 10529806 · Eastport, ME · NTEE: C300 · Updated: 2026-03-28

$0Revenue

$0Assets

30/100Mission Score (Poor)

C300

About Cobscook Bay Resource Center Inc

Cobscook Bay Resource Center Inc (EIN: 10529806) is a nonprofit organization based in Eastport, ME, classified under NTEE code C300. 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 Cobscook Bay Resource Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Cobscook Bay Resource Center Inc appears to be in a challenging financial position, particularly in its most recent filing period (202006) where it reported $3,668 in revenue against $47,038 in expenses, indicating a significant operating deficit. This continues a trend of declining revenue from a peak of $335,031 in 201206 to near zero in the latest available data. The organization's assets have also been declining, from $607,214 in 201506 to $444,968 in 202006, while liabilities have generally decreased but remain substantial relative to current revenue. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this area, which is a positive sign for transparency and efficiency.

The organization's financial health has deteriorated significantly over the past decade, with expenses frequently exceeding revenue, leading to a depletion of assets. While the lack of officer compensation is commendable, the overall financial sustainability is a major concern. Without more detailed expense breakdowns, it's difficult to fully assess spending efficiency beyond the executive compensation aspect. The consistent filing of 990s demonstrates a commitment to transparency in reporting, even amidst financial difficulties.

The most recent filing showing $0 in both revenue and assets is highly concerning and suggests the organization may be inactive or in the process of winding down. This stark contrast to previous years' operations indicates a critical juncture for the nonprofit. Further investigation would be needed to understand the reasons behind this dramatic change and the future viability of the organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cobscook Bay Resource Center Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Cobscook Bay Resource Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly efficient for an organization of its size.

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 Cobscook Bay Resource Center Inc's IRS 990 filings:

Significant and consistent decline in revenue over the past decade, from $335,031 in 201206 to $3,668 in 202006.
Latest filing (202006) shows $0 in both revenue and assets, raising serious concerns about current operations and viability.
Expenses frequently exceeded revenue in recent years, leading to a depletion of assets (e.g., $47,038 expenses vs. $3,668 revenue in 202006).
Overall decrease in assets from a peak of $607,214 in 201506 to $444,968 in 202006, indicating financial instability.

Strengths

The following positive indicators were identified for Cobscook Bay Resource Center Inc:

Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing executive overhead.
History of consistent IRS 990 filings, indicating a commitment to transparency in financial reporting.

Frequently Asked Questions about Cobscook Bay Resource Center Inc

Is Cobscook Bay Resource Center Inc still operational given the latest $0 revenue and assets?

The latest filing period (202006) shows $0 in both revenue and assets, which strongly suggests the organization may no longer be active or is in the process of dissolution. Further inquiry directly with the organization would be necessary to confirm its current status.

What caused the significant decline in revenue from $335,031 in 201206 to $3,668 in 202006?

The provided data does not specify the reasons for the revenue decline. It could be due to loss of grants, changes in funding priorities, or a reduction in program activities. A deeper dive into the organization's program reports or narrative sections of the 990s, if available, would be needed.

How has the organization managed to cover expenses when revenue has been consistently lower in recent years?

The organization has covered expenses by drawing down its assets. For example, in 202006, expenses were $47,038 while revenue was only $3,668, indicating a deficit that would have been covered by existing assets, which have indeed declined from $607,214 in 201506 to $444,968 in 202006.

Filing History

IRS 990 filing history for Cobscook Bay Resource Center Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2020), Cobscook Bay Resource Center Inc's revenue has declined by 97.7%, moving from $156K to $4K. Total assets increased by 107.9% over the same period, from $214K to $445K. Total functional expenses fell by 58.9%, from $115K to $47K. In its most recent filing year (2020), Cobscook Bay Resource Center Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $48K in liabilities against $445K in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $396K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$4K	$47K	$445K	$48K	—	View 990
2019	$56K	$66K	$497K	$57K	—	View 990
2018	$47K	$82K	$513K	$63K	—	View 990
2017	$60K	$67K	$554K	$69K	—	View 990
2016	$55K	$96K	$542K	$70K	—	View 990
2015	$181K	$123K	$607K	$93K	—	View 990
2014	$140K	$114K	$575K	$119K	—	View 990
2013	$186K	$114K	$559K	$128K	—	View 990
2012	$335K	$97K	$482K	$151K	—	View 990
2011	$156K	$115K	$214K	$131K	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $4K, expenses of $47K, and assets of $445K (revenue -93.4% year-over-year).
2019: Revenue of $56K, expenses of $66K, and assets of $497K (revenue +17.9% year-over-year).
2018: Revenue of $47K, expenses of $82K, and assets of $513K (revenue -21.8% year-over-year).
2017: Revenue of $60K, expenses of $67K, and assets of $554K (revenue +9.6% year-over-year).
2016: Revenue of $55K, expenses of $96K, and assets of $542K (revenue -69.6% year-over-year).
2015: Revenue of $181K, expenses of $123K, and assets of $607K (revenue +29.3% year-over-year).
2014: Revenue of $140K, expenses of $114K, and assets of $575K (revenue -24.9% year-over-year).
2013: Revenue of $186K, expenses of $114K, and assets of $559K (revenue -44.5% year-over-year).
2012: Revenue of $335K, expenses of $97K, and assets of $482K (revenue +114.1% year-over-year).
2011: Revenue of $156K, expenses of $115K, and assets of $214K.

Data Sources and Methodology

This transparency report for Cobscook Bay Resource Center 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.