Geriatric Resource Network
Geriatric Resource Network faces significant financial challenges with declining revenue and historical operational deficits.
EIN: 10542842 · Portland, ME · NTEE: P81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $64K |
| Program Spending | 75% |
| Transparency Score | 45/100 |
Is Geriatric Resource Network Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Geriatric Resource Network directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Geriatric Resource Network
Geriatric Resource Network (EIN: 10542842) is a nonprofit organization based in Portland, ME, classified under NTEE code P81. The organization reported total revenue of $102K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Geriatric Resource Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Geriatric Resource Network is a small nonprofit that has been operating for 25 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -21.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $102K |
| Total Expenses | $64K |
| Surplus / Deficit | +$38K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 37.4% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2019, Geriatric Resource Network reported a surplus of $38K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2011–2019), Geriatric Resource Network's revenue has declined at a compound annual growth rate (CAGR) of -21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -76.9% | -80.3% | -100.0% |
| 2018 | -19.6% | -56.7% | +0.0% |
| 2017 | -2.0% | -4.3% | -96.3% |
| 2016 | +7.2% | -4.3% | +970.0% |
| 2015 | +74.7% | +42.0% | -98.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Geriatric Resource Network with a Mission Score of 45 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Geriatric Resource Network allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which can be a positive for minimizing overhead costs.
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 Geriatric Resource Network's IRS 990 filings:
- Significant and consistent operational deficits, with expenses frequently exceeding revenue (e.g., 2017: $748,444 expenses vs. $549,941 revenue).
- Drastic decline in revenue from $442,218 in 2018 to $101,943 in 2019, indicating potential instability.
- Reported $0 in assets in the latest 2019 filing, suggesting a lack of financial reserves.
- Historically high liabilities (e.g., $2,834,176 in 2018) with minimal corresponding assets, raising questions about financial solvency.
- Long-term trend of declining revenue from a peak of $671,778 in 2011 to $101,943 in 2019.
Strengths
The following positive indicators were identified for Geriatric Resource Network:
- No reported officer compensation across all filings, suggesting a volunteer-driven leadership and potentially lower administrative overhead.
- Consistent filing of IRS 990 forms for nine periods, indicating a commitment to regulatory transparency.
- Focus on 'Geriatric Support & Services' (NTEE P81) addresses a critical community need.
Frequently Asked Questions about Geriatric Resource Network
Is Geriatric Resource Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Geriatric Resource Network (EIN: 10542842) significant concerns. Mission Score: 45/100. 5 red flags identified, 3 strengths noted.
How does Geriatric Resource Network spend its money?
Geriatric Resource Network directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Geriatric Resource Network tax-deductible?
Geriatric Resource Network is registered as a tax-exempt nonprofit (EIN: 10542842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Geriatric Resource Network's spending goes to programs?
Geriatric Resource Network directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Geriatric Resource Network compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Geriatric Resource Network is near average for NTEE category P81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Geriatric Resource Network located?
Geriatric Resource Network is headquartered in Portland, Maine and files with the IRS under EIN 10542842. It is classified under NTEE code P81.
How many years of IRS 990 filings does Geriatric Resource Network have?
Geriatric Resource Network has 9 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 $102K in total revenue.
Is Geriatric Resource Network a good charity?
Based on the financial data, Geriatric Resource Network faces significant financial challenges, including declining revenue and consistent operational deficits. While the lack of officer compensation is positive, the overall financial health raises concerns about its long-term sustainability and ability to consistently deliver on its mission.
What caused the drastic decline in revenue from $442,218 in 2018 to $101,943 in 2019?
The provided data does not specify the reasons for the sharp decline in revenue. This could be due to a loss of major grants, changes in funding streams, or a reduction in fundraising activities.
What are the nature of the significant liabilities reported in prior years, such as $2,834,176 in 2018, especially with minimal assets?
The filings do not provide details on the nature of these liabilities. Such large liabilities with minimal assets could indicate significant debt, unfunded obligations, or other financial commitments that warrant further investigation.
How does Geriatric Resource Network plan to address its consistent operational deficits?
The provided financial data does not include strategic plans or explanations for how the organization intends to overcome its history of spending more than it earns, which is a critical factor for its future viability.
What specific programs does Geriatric Resource Network operate, and what is their impact?
The NTEE code P81 indicates 'Geriatric Support & Services', but the financial data does not detail specific programs or their outcomes, making it difficult to assess program effectiveness.
Filing History
IRS 990 filing history for Geriatric Resource Network showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Geriatric Resource Network's revenue has declined by 84.8%, moving from $672K to $102K. Total assets decreased by 100% over the same period, from $68K to $0. Total functional expenses fell by 92.7%, from $879K to $64K. In its most recent filing year (2019), Geriatric Resource Network reported a surplus of $38K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $102K | $64K | $0 | $0 | — | View 990 |
| 2018 | $442K | $324K | $655 | $2.8M | — | View 990 |
| 2017 | $550K | $748K | $655 | $3.0M | — | View 990 |
| 2016 | $561K | $782K | $18K | $2.8M | — | View 990 |
| 2015 | $523K | $817K | $2K | $2.5M | — | View 990 |
| 2014 | $300K | $576K | $152K | $2.4M | — | View 990 |
| 2013 | $232K | $542K | $15K | $2.0M | — | View 990 |
| 2012 | $293K | $596K | $6K | $1.7M | — | View 990 |
| 2011 | $672K | $879K | $68K | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $102K, expenses of $64K, and assets of $0 (revenue -76.9% year-over-year).
- 2018: Revenue of $442K, expenses of $324K, and assets of $655 (revenue -19.6% year-over-year).
- 2017: Revenue of $550K, expenses of $748K, and assets of $655 (revenue -2.0% year-over-year).
- 2016: Revenue of $561K, expenses of $782K, and assets of $18K (revenue +7.2% year-over-year).
- 2015: Revenue of $523K, expenses of $817K, and assets of $2K (revenue +74.7% year-over-year).
- 2014: Revenue of $300K, expenses of $576K, and assets of $152K (revenue +29.1% year-over-year).
- 2013: Revenue of $232K, expenses of $542K, and assets of $15K (revenue -20.7% year-over-year).
- 2012: Revenue of $293K, expenses of $596K, and assets of $6K (revenue -56.4% year-over-year).
- 2011: Revenue of $672K, expenses of $879K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Geriatric Resource Network:
Data Sources and Methodology
This transparency report for Geriatric Resource Network 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.