Eastport Memorial Hospital

Eastport Memorial Hospital shows consistent revenue growth and no reported officer compensation over the past decade.

EIN: 10213979 · Eastport, ME · NTEE: E92Z · Updated: 2026-03-28

$4.7MRevenue

$3.5MAssets

90/100Mission Score (Excellent)

E92Z

About Eastport Memorial Hospital

Eastport Memorial Hospital (EIN: 10213979) is a nonprofit organization based in Eastport, ME, classified under NTEE code E92Z. The organization reported total revenue of $4.7M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastport Memorial Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Eastport Memorial Hospital demonstrates consistent financial stability and growth over the past decade. The organization has shown a steady increase in revenue, from $1,939,190 in 2014 to $3,350,847 in 2023, indicating a growing capacity to serve its community. Expenses have generally tracked revenue, with the hospital consistently operating with a modest surplus, such as the $41,908 surplus in 2023 (Revenue $3,350,847 - Expenses $3,308,939). This suggests prudent financial management and an ability to maintain operations without significant deficits.

The hospital's asset base has also grown substantially, from $2,244,828 in 2014 to $3,574,688 in 2023, while liabilities have remained manageable relative to assets. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources towards its mission rather than executive pay. This practice is highly commendable for a nonprofit organization.

Overall, Eastport Memorial Hospital appears to be in sound financial health, effectively managing its resources to support its healthcare mission. The consistent growth in revenue and assets, coupled with a transparent approach to executive compensation, paints a picture of a well-managed and financially responsible nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Eastport Memorial Hospital with a Mission Score of 90 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: 3%
programs: 95%
fundraising: 2%

According to IRS 990 filings, Eastport Memorial Hospital allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Eastport Memorial Hospital consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is highly unusual and suggests a strong commitment to directing all funds towards its operational mission.

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 Memorial Hospital's IRS 990 filings:

Unusually low or zero reported officer compensation may warrant further inquiry to understand the full compensation structure, as key leadership roles typically involve some form of remuneration.

Strengths

The following positive indicators were identified for Eastport Memorial Hospital:

Consistent revenue growth over the past decade, from $1.9M in 2014 to $3.3M in 2023.
Maintains a positive operating margin, indicating financial health (e.g., $41,908 surplus in 2023).
Significant growth in assets, from $2.2M in 2014 to $3.5M in 2023, enhancing long-term capacity.
Zero reported officer compensation, suggesting a strong commitment to program spending and transparency.

Frequently Asked Questions about Eastport Memorial Hospital

Is Eastport Memorial Hospital financially stable?

Yes, Eastport Memorial Hospital appears financially stable, demonstrating consistent revenue growth from $1.9M in 2014 to $3.3M in 2023, and maintaining a positive net income in most years, such as the $41,908 surplus in 2023.

How has Eastport Memorial Hospital's revenue changed over time?

Eastport Memorial Hospital has experienced significant revenue growth, increasing from $1,939,190 in 2014 to $3,350,847 in 2023, representing an increase of over 70% in a decade.

What is the organization's approach to executive compensation?

The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no compensation is paid to officers, which is a strong indicator of resource allocation directly to its mission.

Filing History

IRS 990 filing history for Eastport Memorial Hospital showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Eastport Memorial Hospital's revenue has grown by 99.7%, moving from $1.7M to $3.4M. Total assets increased by 62.7% over the same period, from $2.2M to $3.6M. Total functional expenses rose by 91.1%, from $1.7M to $3.3M. In its most recent filing year (2023), Eastport Memorial Hospital reported a surplus of $42K, with revenue exceeding expenses. The organization holds $740K in liabilities against $3.6M in assets (debt-to-asset ratio: 20.7%), resulting in net assets of $2.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.4M	$3.3M	$3.6M	$740K	—	View 990
2022	$3.1M	$3.1M	$3.8M	$1.0M	—	View 990
2021	$2.7M	$2.5M	$3.6M	$893K	—	View 990
2020	$2.9M	$2.5M	$3.0M	$584K	—	—
2019	$2.3M	$2.3M	$2.5M	$517K	—	View 990
2018	$2.1M	$2.0M	$2.4M	$463K	—	View 990
2017	$1.9M	$1.9M	$2.4M	$505K	—	—
2016	$2.0M	$1.9M	$2.3M	$535K	—	View 990
2015	$2.0M	$1.9M	$2.3M	$572K	—	View 990
2014	$1.9M	$1.9M	$2.2M	$621K	—	View 990
2013	$1.9M	$1.9M	$2.2M	$686K	—	View 990
2012	$1.9M	$1.8M	$2.3M	$803K	—	View 990
2011	$1.7M	$1.7M	$2.2M	$802K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.4M, expenses of $3.3M, and assets of $3.6M (revenue +6.4% year-over-year).
2022: Revenue of $3.1M, expenses of $3.1M, and assets of $3.8M (revenue +16.0% year-over-year).
2021: Revenue of $2.7M, expenses of $2.5M, and assets of $3.6M (revenue -5.5% year-over-year).
2020: Revenue of $2.9M, expenses of $2.5M, and assets of $3.0M (revenue +23.6% year-over-year).
2019: Revenue of $2.3M, expenses of $2.3M, and assets of $2.5M (revenue +11.3% year-over-year).
2018: Revenue of $2.1M, expenses of $2.0M, and assets of $2.4M (revenue +7.1% year-over-year).
2017: Revenue of $1.9M, expenses of $1.9M, and assets of $2.4M (revenue -1.8% year-over-year).
2016: Revenue of $2.0M, expenses of $1.9M, and assets of $2.3M (revenue +1.4% year-over-year).
2015: Revenue of $2.0M, expenses of $1.9M, and assets of $2.3M (revenue +0.8% year-over-year).
2014: Revenue of $1.9M, expenses of $1.9M, and assets of $2.2M (revenue +1.7% year-over-year).
2013: Revenue of $1.9M, expenses of $1.9M, and assets of $2.2M (revenue +0.6% year-over-year).
2012: Revenue of $1.9M, expenses of $1.8M, and assets of $2.3M (revenue +12.9% year-over-year).
2011: Revenue of $1.7M, expenses of $1.7M, and assets of $2.2M.

Data Sources and Methodology

This transparency report for Eastport Memorial Hospital 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.