Eastport Health Care Inc

Eastport Health Care Inc. shows consistent revenue growth and asset accumulation, but recent expenses exceeded revenue and liabilities significantly increased.

EIN: 10354589 · Eastport, ME · NTEE: E320 · Updated: 2026-03-28

$7.6MRevenue

$7.4MAssets

85/100Mission Score (Excellent)

E320

About Eastport Health Care Inc

Eastport Health Care Inc (EIN: 10354589) is a nonprofit organization based in Eastport, ME, classified under NTEE code E320. The organization reported total revenue of $7.6M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastport Health Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Eastport Health Care Inc. demonstrates a generally stable financial position, with total assets growing from $1,963,197 in 2015 to $7,016,159 in 2023, indicating significant asset accumulation. Revenue has also shown consistent growth over the past decade, increasing from $3,803,597 in 2015 to $7,223,608 in 2023. However, the most recent filing (202306) shows expenses ($7,372,226) exceeding revenue ($7,223,608), resulting in a net deficit for that period. This trend of expenses occasionally surpassing revenue has occurred in several past periods (e.g., 2023, 2020, 2015, 2014), suggesting a need for careful monitoring of operational efficiency and cost management to ensure long-term sustainability.

The organization's liabilities have seen a notable increase in recent years, jumping from $515,970 in 2022 to $3,744,749 in 2023, which warrants further investigation to understand the nature of these obligations and their potential impact on financial health. Despite this, the organization maintains a healthy asset base relative to its liabilities. The consistent reporting of 0% for officer compensation across all available filings is a significant positive indicator of financial transparency and a strong commitment to directing resources towards its mission rather than executive pay. This suggests a highly efficient use of funds in terms of administrative overhead related to leadership salaries.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Eastport Health Care Inc 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: 90%
fundraising: 0%

According to IRS 990 filings, Eastport Health Care Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size ($7.2M in revenue) and suggests a strong commitment to program spending over 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 Eastport Health Care Inc's IRS 990 filings:

Significant increase in liabilities from $515,970 in 2022 to $3,744,749 in 2023
Expenses exceeded revenue in the most recent fiscal year (2023), resulting in a deficit
Consistent 0% officer compensation, which is unusual for an organization of this size and could indicate compensation is reported in other categories or a reliance on unpaid leadership.

Strengths

The following positive indicators were identified for Eastport Health Care Inc:

Consistent revenue growth over the past decade, from $3.8M in 2015 to $7.2M in 2023
Strong asset accumulation, with assets growing from $1.9M in 2015 to $7.0M in 2023
High program spending efficiency, indicated by the 0% officer compensation, suggesting resources are directed to mission.
Healthy asset base relative to liabilities despite the recent increase in liabilities.

Frequently Asked Questions about Eastport Health Care Inc

Why did Eastport Health Care Inc.'s liabilities increase so dramatically from $515,970 in 2022 to $3,744,749 in 2023?

The significant jump in liabilities in the 2023 fiscal year requires further examination of the organization's financial statements to understand the specific nature of these new obligations, such as new loans, capital leases, or other payables.

How does Eastport Health Care Inc. manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that leadership may be compensated through other means not classified as 'officer compensation' on the 990, or that the organization relies heavily on volunteer leadership or a different compensation structure for its top executives, which is highly unusual for an organization of this scale.

What caused the deficit in the 2023 fiscal year where expenses ($7,372,226) exceeded revenue ($7,223,608)?

The deficit in 2023 indicates that the organization spent more than it earned. This could be due to increased operational costs, one-time expenditures, or a slight dip in revenue growth relative to spending, and warrants a review of the detailed expense categories.

Filing History

IRS 990 filing history for Eastport Health Care Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Eastport Health Care Inc's revenue has grown by 88.1%, moving from $3.8M to $7.2M. Total assets increased by 195.8% over the same period, from $2.4M to $7.0M. Total functional expenses rose by 94.5%, from $3.8M to $7.4M. In its most recent filing year (2023), Eastport Health Care Inc reported a deficit of $149K, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $7.0M in assets (debt-to-asset ratio: 53.4%), resulting in net assets of $3.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.2M	$7.4M	$7.0M	$3.7M	—	—
2022	$6.6M	$6.5M	$3.9M	$516K	—	View 990
2021	$7.0M	$5.6M	$4.1M	$597K	—	View 990
2020	$5.0M	$5.3M	$3.4M	$1.5M	—	View 990
2019	$5.5M	$5.3M	$2.8M	$574K	—	View 990
2018	$5.3M	$5.3M	$2.6M	$660K	—	—
2017	$5.3M	$5.0M	$2.6M	$681K	—	View 990
2016	$4.8M	$4.4M	$2.3M	$664K	—	View 990
2015	$3.8M	$4.1M	$2.0M	$724K	—	View 990
2014	$3.5M	$3.7M	$2.2M	$661K	—	View 990
2013	$3.4M	$3.5M	$2.3M	$626K	—	View 990
2012	$3.8M	$3.8M	$2.4M	$632K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7.2M, expenses of $7.4M, and assets of $7.0M (revenue +9.6% year-over-year).
2022: Revenue of $6.6M, expenses of $6.5M, and assets of $3.9M (revenue -5.9% year-over-year).
2021: Revenue of $7.0M, expenses of $5.6M, and assets of $4.1M (revenue +41.4% year-over-year).
2020: Revenue of $5.0M, expenses of $5.3M, and assets of $3.4M (revenue -9.9% year-over-year).
2019: Revenue of $5.5M, expenses of $5.3M, and assets of $2.8M (revenue +3.4% year-over-year).
2018: Revenue of $5.3M, expenses of $5.3M, and assets of $2.6M (revenue +0.3% year-over-year).
2017: Revenue of $5.3M, expenses of $5.0M, and assets of $2.6M (revenue +9.3% year-over-year).
2016: Revenue of $4.8M, expenses of $4.4M, and assets of $2.3M (revenue +27.4% year-over-year).
2015: Revenue of $3.8M, expenses of $4.1M, and assets of $2.0M (revenue +8.8% year-over-year).
2014: Revenue of $3.5M, expenses of $3.7M, and assets of $2.2M (revenue +2.2% year-over-year).
2013: Revenue of $3.4M, expenses of $3.5M, and assets of $2.3M (revenue -10.9% year-over-year).
2012: Revenue of $3.8M, expenses of $3.8M, and assets of $2.4M.

Data Sources and Methodology

This transparency report for Eastport Health Care 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.