Forest Society Of Maine
Forest Society Of Maine shows strong asset growth and zero reported officer compensation over a decade.
EIN: 20413555 · Bangor, ME · NTEE: C99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $15.7M |
| Transparency Score | 95/100 |
Is Forest Society Of Maine Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forest Society Of Maine directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forest Society Of Maine
Forest Society Of Maine (EIN: 20413555) is a nonprofit organization based in Bangor, ME, classified under NTEE code C99. The organization reported total revenue of $8.8M and total assets of $16.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forest Society Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forest Society Of Maine is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $15.8M |
| Total Liabilities | $66K |
| Net Assets | $15.7M |
| Operating Margin | 56.1% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 133.7 months |
Financial Health Grade: A
In 2023, Forest Society Of Maine reported a surplus of $1.8M with revenue exceeding expenses, holds 133.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Forest Society Of Maine's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.0% | -84.5% | +17.8% |
| 2022 | +207.9% | +881.9% | -7.4% |
| 2021 | +60.6% | +6.5% | +30.7% |
| 2020 | +29.6% | -17.2% | +15.3% |
| 2019 | -45.5% | +5.7% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Forest Society Of Maine 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, Forest Society Of Maine 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 $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The Forest Society Of Maine consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is highly unusual for an organization with assets growing to over $15 million and annual revenues frequently in the millions, suggesting a strong volunteer leadership component or a highly efficient operational structure where leadership compensation is not a significant expense.
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.
Strengths
The following positive indicators were identified for Forest Society Of Maine:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Significant asset growth from $4.5M in 2014 to $15.7M in 2023, demonstrating strong financial management.
- Low liabilities relative to assets, indicating financial stability and prudent management.
- Expenses generally well below revenue in most years, allowing for reinvestment and asset accumulation.
Frequently Asked Questions about Forest Society Of Maine
Is Forest Society Of Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Forest Society Of Maine (EIN: 20413555) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Forest Society Of Maine spend its money?
Forest Society Of Maine directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forest Society Of Maine tax-deductible?
Forest Society Of Maine is registered as a tax-exempt nonprofit (EIN: 20413555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Forest Society Of Maine CEO make?
Forest Society Of Maine's highest-compensated officer earns $15 annually. The organization reported $8.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Forest Society Of Maine's spending goes to programs?
Forest Society Of Maine directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Forest Society Of Maine compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Forest Society Of Maine is above average for NTEE category C99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forest Society Of Maine located?
Forest Society Of Maine is headquartered in Bangor, Maine and files with the IRS under EIN 20413555. It is classified under NTEE code C99.
How many years of IRS 990 filings does Forest Society Of Maine have?
Forest Society Of Maine 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 $8.8M in total revenue.
Is Forest Society Of Maine a good charity?
Based on the provided IRS 990 data, the Forest Society Of Maine appears to be a very good charity. It demonstrates strong financial health, significant asset growth, and a remarkable commitment to directing funds towards its mission, as evidenced by 0% reported officer compensation and generally low expenses relative to revenue.
How has the organization's financial health changed over the past decade?
The organization's financial health has significantly strengthened over the past decade. Assets grew from $4,577,983 in 2014 to $15,794,240 in 2023, representing a substantial increase. Revenue has also seen considerable growth and fluctuation, indicating successful fundraising efforts.
What is the trend in officer compensation?
The trend in officer compensation is consistently 0% across all 13 available IRS 990 filings from 2014 to 2023. This indicates that no compensation was reported for officers, directors, trustees, or key employees during this period.
Filing History
IRS 990 filing history for Forest Society Of Maine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Forest Society Of Maine's revenue has grown by 411.9%, moving from $630K to $3.2M. Total assets increased by 309.6% over the same period, from $3.9M to $15.8M. Total functional expenses rose by 124.9%, from $630K to $1.4M. In its most recent filing year (2023), Forest Society Of Maine reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $66K in liabilities against $15.8M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $15.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $1.4M | $15.8M | $66K | — | — |
| 2022 | $9.2M | $9.1M | $13.4M | $56K | — | View 990 |
| 2021 | $3.0M | $931K | $14.5M | $55K | — | View 990 |
| 2020 | $1.9M | $874K | $11.1M | $174K | — | View 990 |
| 2019 | $1.4M | $1.1M | $9.6M | $46K | — | View 990 |
| 2018 | $2.6M | $999K | $9.1M | $48K | — | View 990 |
| 2017 | $4.7M | $3.3M | $7.3M | $71K | — | View 990 |
| 2016 | $1.3M | $862K | $5.6M | $91K | — | View 990 |
| 2015 | $1.7M | $914K | $5.3M | $84K | — | View 990 |
| 2014 | $1.5M | $740K | $4.6M | $84K | — | View 990 |
| 2013 | $1.1M | $1.3M | $3.8M | $266K | — | — |
| 2012 | $787K | $913K | $3.7M | $222K | — | View 990 |
| 2011 | $630K | $630K | $3.9M | $180K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $1.4M, and assets of $15.8M (revenue -65.0% year-over-year).
- 2022: Revenue of $9.2M, expenses of $9.1M, and assets of $13.4M (revenue +207.9% year-over-year).
- 2021: Revenue of $3.0M, expenses of $931K, and assets of $14.5M (revenue +60.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $874K, and assets of $11.1M (revenue +29.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.1M, and assets of $9.6M (revenue -45.5% year-over-year).
- 2018: Revenue of $2.6M, expenses of $999K, and assets of $9.1M (revenue -43.2% year-over-year).
- 2017: Revenue of $4.7M, expenses of $3.3M, and assets of $7.3M (revenue +258.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $862K, and assets of $5.6M (revenue -25.6% year-over-year).
- 2015: Revenue of $1.7M, expenses of $914K, and assets of $5.3M (revenue +16.4% year-over-year).
- 2014: Revenue of $1.5M, expenses of $740K, and assets of $4.6M (revenue +35.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.3M, and assets of $3.8M (revenue +40.6% year-over-year).
- 2012: Revenue of $787K, expenses of $913K, and assets of $3.7M (revenue +24.8% year-over-year).
- 2011: Revenue of $630K, expenses of $630K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forest Society Of Maine:
Data Sources and Methodology
This transparency report for Forest Society Of Maine 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.