Katahdin Shared Services Inc

Katahdin Shared Services Inc. shows stable assets but experienced a deficit in its 2017 fiscal period.

EIN: 10366464 · Millinocket, ME · NTEE: E82Z · Updated: 2026-03-28

$481KRevenue

$271KAssets

70/100Mission Score (Good)

E82Z

About Katahdin Shared Services Inc

Katahdin Shared Services Inc (EIN: 10366464) is a nonprofit organization based in Millinocket, ME, classified under NTEE code E82Z. The organization reported total revenue of $481K and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Katahdin Shared Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Katahdin Shared Services Inc. appears to be in a stable financial position, with its latest reported assets of $270,542 exceeding its liabilities. While the organization experienced a slight decrease in revenue from $558,988 in 2017 to $481,084 in the latest period, this is not a significant concern given its asset base. The organization's financial health seems adequate for its size, and the absence of reported officer compensation in the 2017 filing suggests a lean operational structure, which can be a positive indicator of spending efficiency. However, without more detailed expense breakdowns beyond the single available filing, a comprehensive assessment of spending efficiency is challenging.

The 2017 filing shows expenses ($594,881) exceeding revenue ($558,988), indicating a deficit for that period. This trend, if continued, could impact long-term sustainability. The organization's transparency is limited by the single available filing, making it difficult to track trends or fully understand its financial operations over time. More consistent and detailed filings would enhance its transparency and allow for a more thorough analysis of its financial management and program effectiveness.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Katahdin Shared Services Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Katahdin Shared Services Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The 2017 filing reported 0% officer compensation, suggesting that executive compensation is either non-existent or very low relative to the organization's size and total expenses of $594,881, which is a positive sign for resource allocation.

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 Katahdin Shared Services Inc's IRS 990 filings:

Expenses exceeded revenue in the 2017 filing ($594,881 vs $558,988), indicating a deficit.
Only one IRS 990 filing available, limiting transparency and trend analysis.

Strengths

The following positive indicators were identified for Katahdin Shared Services Inc:

No officer compensation reported in 2017, indicating efficient use of funds for leadership.
Assets ($270,542) exceed liabilities, suggesting a healthy balance sheet.
NTEE code E82Z (Other Human Services) suggests a focus on community support.

Frequently Asked Questions about Katahdin Shared Services Inc

Is Katahdin Shared Services Inc. financially stable?

Yes, the organization appears to be financially stable with assets of $270,542, though it did operate at a deficit in 2017, with expenses exceeding revenue by $35,893.

What is the trend in revenue for Katahdin Shared Services Inc.?

Revenue decreased from $558,988 in 2017 to $481,084 in the latest reported period, indicating a slight downward trend.

Does Katahdin Shared Services Inc. pay its officers?

Based on the 2017 filing, no officer compensation was reported, suggesting a volunteer or very low-paid leadership structure.

Filing History

IRS 990 filing history for Katahdin Shared Services Inc showing financial trends over 1 year of public records:

In its most recent filing year (2017), Katahdin Shared Services Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $91K in liabilities against $187K in assets (debt-to-asset ratio: 48.5%), resulting in net assets of $96K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2017	$559K	$595K	$187K	$91K	—	View 990

Data Sources and Methodology

This transparency report for Katahdin Shared 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.