Downeast Transportation Inc
Downeast Transportation Inc. maintains strong asset growth and reports zero officer compensation across all filings.
EIN: 10371992 · Ellsworth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $5.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $9.4M |
| Transparency Score | 95/100 |
Is Downeast Transportation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downeast Transportation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downeast Transportation Inc
Downeast Transportation Inc (EIN: 10371992) is a nonprofit organization based in Ellsworth, ME. The organization reported total revenue of $4.6M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downeast Transportation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downeast Transportation Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$96K |
| Total Assets | $9.9M |
| Total Liabilities | $501K |
| Net Assets | $9.4M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 23.4 months |
Financial Health Grade: A
In 2023, Downeast Transportation Inc reported a surplus of $96K with revenue exceeding expenses, holds 23.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Downeast Transportation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.8% | +13.8% | +2.8% |
| 2022 | +17.3% | +54.8% | +14.5% |
| 2021 | +32.2% | -28.6% | -7.1% |
| 2020 | -55.3% | +13.5% | +8.0% |
| 2019 | +176.2% | +10.9% | +94.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Downeast Transportation Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Downeast Transportation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $96K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size with revenues exceeding $5 million. This suggests either a volunteer leadership structure or that compensation is categorized differently, but as reported, it signifies an extremely high proportion of funds are directed away from executive salaries.
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 Downeast Transportation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation across all filings, which might warrant further investigation into how leadership is compensated or structured, as it's atypical for an organization of this scale.
Strengths
The following positive indicators were identified for Downeast Transportation Inc:
- Consistent reporting of 0% officer compensation, indicating a very high proportion of funds are directed to programs and operations.
- Significant and consistent growth in assets, from $941,749 in 201406 to $9,928,633 in 202306, demonstrating strong financial health.
- Long history of IRS 990 filings (13 filings), indicating strong transparency and accountability.
- Generally stable financial operations with revenues consistently covering expenses in most recent periods (e.g., 202306 revenue $5,186,782 vs. expenses $5,091,209).
Frequently Asked Questions about Downeast Transportation Inc
Is Downeast Transportation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Downeast Transportation Inc (EIN: 10371992) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Downeast Transportation Inc spend its money?
Downeast Transportation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Downeast Transportation Inc tax-deductible?
Downeast Transportation Inc is registered as a tax-exempt nonprofit (EIN: 10371992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Downeast Transportation Inc CEO make?
Downeast Transportation Inc's highest-compensated officer earns $5 annually. The organization reported $4.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Downeast Transportation Inc's spending goes to programs?
Downeast Transportation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Downeast Transportation Inc located?
Downeast Transportation Inc is headquartered in Ellsworth, Maine and files with the IRS under EIN 10371992.
How many years of IRS 990 filings does Downeast Transportation Inc have?
Downeast Transportation Inc 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. The most recent filing shows $4.6M in total revenue.
Is Downeast Transportation Inc. a good charity?
Based on the available IRS 990 data, Downeast Transportation Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue, and remarkably, reports 0% officer compensation across all filings, suggesting highly efficient use of funds for its mission.
How does Downeast Transportation Inc. manage its executive compensation?
The organization consistently reports 0% officer compensation in all its IRS 990 filings. This is a significant indicator that funds are not being used for executive salaries, which is highly favorable for program efficiency.
What is the trend in Downeast Transportation Inc.'s assets?
Downeast Transportation Inc. has shown substantial asset growth, increasing from $941,749 in 201406 to $9,928,633 in 202306, indicating strong financial management and potentially significant investments in its operational capacity.
Filing History
IRS 990 filing history for Downeast Transportation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downeast Transportation Inc's revenue has grown by 118.3%, moving from $2.4M to $5.2M. Total assets increased by 4293.9% over the same period, from $226K to $9.9M. Total functional expenses rose by 117.3%, from $2.3M to $5.1M. In its most recent filing year (2023), Downeast Transportation Inc reported a surplus of $96K, with revenue exceeding expenses. The organization holds $501K in liabilities against $9.9M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $9.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $5.1M | $9.9M | $501K | — | View 990 |
| 2022 | $5.6M | $4.5M | $9.7M | $342K | — | View 990 |
| 2021 | $4.8M | $2.9M | $8.4M | $308K | — | View 990 |
| 2020 | $3.6M | $4.0M | $9.1M | $3.1M | — | View 990 |
| 2019 | $8.1M | $3.6M | $8.4M | $2.0M | — | View 990 |
| 2018 | $2.9M | $3.2M | $4.3M | $2.8M | — | View 990 |
| 2017 | $2.7M | $3.3M | $3.6M | $1.8M | — | View 990 |
| 2016 | $2.9M | $3.1M | $3.4M | $988K | — | View 990 |
| 2015 | $2.2M | $2.3M | $1.1M | $381K | — | View 990 |
| 2014 | $2.3M | $2.2M | $942K | $84K | — | View 990 |
| 2013 | $2.6M | $2.1M | $906K | $62K | — | View 990 |
| 2012 | $2.5M | $2.2M | $430K | $73K | — | View 990 |
| 2011 | $2.4M | $2.3M | $226K | $90K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $5.1M, and assets of $9.9M (revenue -7.8% year-over-year).
- 2022: Revenue of $5.6M, expenses of $4.5M, and assets of $9.7M (revenue +17.3% year-over-year).
- 2021: Revenue of $4.8M, expenses of $2.9M, and assets of $8.4M (revenue +32.2% year-over-year).
- 2020: Revenue of $3.6M, expenses of $4.0M, and assets of $9.1M (revenue -55.3% year-over-year).
- 2019: Revenue of $8.1M, expenses of $3.6M, and assets of $8.4M (revenue +176.2% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.2M, and assets of $4.3M (revenue +9.9% year-over-year).
- 2017: Revenue of $2.7M, expenses of $3.3M, and assets of $3.6M (revenue -9.3% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.1M, and assets of $3.4M (revenue +31.6% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.3M, and assets of $1.1M (revenue -0.7% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.2M, and assets of $942K (revenue -12.5% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.1M, and assets of $906K (revenue +5.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.2M, and assets of $430K (revenue +3.3% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.3M, and assets of $226K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downeast Transportation Inc:
Data Sources and Methodology
This transparency report for Downeast Transportation 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.