Islands Community Medical Services Inc
Islands Community Medical Services Inc. maintains stable assets despite recent operating deficits, reporting no officer compensation.
EIN: 16012835 · Vinalhaven, ME · NTEE: E32Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.8M |
| Program Spending | 85% |
| Net Assets | $7.0M |
| Transparency Score | 85/100 |
Is Islands Community Medical Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Islands Community Medical Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Islands Community Medical Services Inc
Islands Community Medical Services Inc (EIN: 16012835) is a nonprofit organization based in Vinalhaven, ME, classified under NTEE code E32Z. The organization reported total revenue of $3.6M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islands Community Medical Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Islands Community Medical Services Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-449,656 |
| Total Assets | $7.4M |
| Total Liabilities | $452K |
| Net Assets | $7.0M |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 23.7 months |
Financial Health Grade: B
In 2023, Islands Community Medical Services Inc reported a deficit of $450K with expenses exceeding revenue, holds 23.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Islands Community Medical Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | -3.2% | +2.0% |
| 2022 | -21.8% | +5.2% | -14.4% |
| 2021 | +40.5% | +21.8% | +12.8% |
| 2020 | +19.6% | +6.4% | +16.8% |
| 2019 | -5.7% | +7.2% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 Islands Community Medical Services 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: 85%
- fundraising: 5%
According to IRS 990 filings, Islands Community Medical Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $450K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation is categorized differently.
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 Islands Community Medical Services Inc's IRS 990 filings:
- Consistent operating deficits in the last two reported periods (2022 and 2023) where expenses exceeded revenue.
- Unusual reporting of 0% officer compensation for an organization of this size, which may obscure how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Islands Community Medical Services Inc:
- Strong and growing asset base, increasing from $3.65M in 2014 to $7.42M in 2023, indicating financial stability.
- Consistent filing history of 13 IRS 990s, demonstrating commitment to transparency.
- No reported officer compensation, suggesting a high dedication of resources to the mission or volunteer leadership.
Frequently Asked Questions about Islands Community Medical Services Inc
Is Islands Community Medical Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Islands Community Medical Services Inc (EIN: 16012835) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Islands Community Medical Services Inc spend its money?
Islands Community Medical Services Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Islands Community Medical Services Inc tax-deductible?
Islands Community Medical Services Inc is registered as a tax-exempt nonprofit (EIN: 16012835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Islands Community Medical Services Inc's spending goes to programs?
Islands Community Medical Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Islands Community Medical Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Islands Community Medical Services Inc is above average for NTEE category E32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Islands Community Medical Services Inc located?
Islands Community Medical Services Inc is headquartered in Vinalhaven, Maine and files with the IRS under EIN 16012835. It is classified under NTEE code E32Z.
How many years of IRS 990 filings does Islands Community Medical Services Inc have?
Islands Community Medical Services 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 $3.6M in total revenue.
How does Islands Community Medical Services Inc. sustain operations with consistent zero officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual revenues exceeding $3 million. This could indicate that leadership roles are filled by volunteers, or that compensation for key management is categorized under other expense lines, which would require further investigation of their detailed financial statements.
What caused the operating deficits in 2022 and 2023?
In 2022, expenses ($3,885,932) exceeded revenue ($3,696,348) by $189,584, and in 2023, expenses ($3,760,888) exceeded revenue ($3,311,232) by $449,656. The specific causes are not detailed in the provided summary but could be due to increased operational costs, investments in services, or a temporary dip in revenue, which is not uncommon for healthcare providers.
Is the organization's asset growth sustainable given recent deficits?
The organization has a strong asset base, growing from $3,652,098 in 2014 to $7,420,184 in 2023. While there were operating deficits in the last two years, the substantial assets provide a buffer. Continued deficits without revenue growth or expense adjustments could eventually impact asset stability, but currently, the organization appears to have sufficient reserves.
Filing History
IRS 990 filing history for Islands Community Medical Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Islands Community Medical Services Inc's revenue has grown by 156%, moving from $1.3M to $3.3M. Total assets increased by 124.3% over the same period, from $3.3M to $7.4M. Total functional expenses rose by 149.6%, from $1.5M to $3.8M. In its most recent filing year (2023), Islands Community Medical Services Inc reported a deficit of $450K, with expenses exceeding revenue. The organization holds $452K in liabilities against $7.4M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.8M | $7.4M | $452K | — | — |
| 2022 | $3.7M | $3.9M | $7.3M | $396K | — | View 990 |
| 2021 | $4.7M | $3.7M | $8.5M | $464K | — | View 990 |
| 2020 | $3.4M | $3.0M | $7.5M | $917K | — | View 990 |
| 2019 | $2.8M | $2.9M | $6.5M | $458K | — | View 990 |
| 2018 | $3.0M | $2.7M | $5.9M | $412K | — | View 990 |
| 2017 | $3.1M | $2.3M | $5.8M | $115K | — | View 990 |
| 2016 | $2.8M | $2.2M | $4.6M | $101K | — | View 990 |
| 2015 | $2.3M | $1.9M | $4.0M | $93K | — | View 990 |
| 2014 | $1.8M | $1.7M | $3.7M | $129K | — | View 990 |
| 2013 | $1.6M | $1.6M | $3.6M | $206K | — | View 990 |
| 2012 | $1.5M | $1.7M | $3.3M | $170K | — | View 990 |
| 2011 | $1.3M | $1.5M | $3.3M | $146K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.8M, and assets of $7.4M (revenue -10.4% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.9M, and assets of $7.3M (revenue -21.8% year-over-year).
- 2021: Revenue of $4.7M, expenses of $3.7M, and assets of $8.5M (revenue +40.5% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.0M, and assets of $7.5M (revenue +19.6% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.9M, and assets of $6.5M (revenue -5.7% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.7M, and assets of $5.9M (revenue -4.7% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.3M, and assets of $5.8M (revenue +11.0% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.2M, and assets of $4.6M (revenue +23.3% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.9M, and assets of $4.0M (revenue +24.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.7M, and assets of $3.7M (revenue +15.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $3.6M (revenue +8.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.7M, and assets of $3.3M (revenue +13.2% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.5M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Islands Community Medical Services Inc:
Data Sources and Methodology
This transparency report for Islands Community Medical Services 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.