Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D
Main Automobile Dealers Assoc Inc Insurance Trust maintains stable operations with occasional operating deficits and no reported officer compensation.
EIN: 10288347 · Augusta, ME · NTEE: E81Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35.4M |
| Total Expenses | $32.2M |
| Program Spending | 85% |
| Net Assets | $7.6M |
| Transparency Score | 75/100 |
Is Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D (EIN: 10288347) is a nonprofit organization based in Augusta, ME, classified under NTEE code E81Z. The organization reported total revenue of $35.4M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D is a large nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.2M |
| Total Expenses | $32.2M |
| Surplus / Deficit | $-927,259 |
| Total Assets | $9.7M |
| Total Liabilities | $2.2M |
| Net Assets | $7.6M |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 22.3% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D reported a deficit of $927K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 22.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +3.1% | -7.8% |
| 2022 | -0.7% | +10.0% | -12.6% |
| 2021 | -0.4% | -8.7% | +34.4% |
| 2020 | +0.7% | +3.2% | -5.5% |
| 2019 | -0.1% | -9.7% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D 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 $927K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers received compensation from the organization. This suggests a highly efficient use of funds by avoiding executive salary expenses, potentially through volunteer leadership or external management arrangements.
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 Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D's IRS 990 filings:
- Frequent operating deficits: Expenses exceeded revenue in multiple periods (e.g., 202305, 202205, 202005, 201805), which could strain financial reserves over time.
- Lack of detailed functional expense breakdown in provided data: Without specific program, administrative, and fundraising expense figures, it's difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D:
- Strong asset base relative to liabilities: Assets of $11,389,936 against liabilities of $2,175,558 (202305) indicate good financial solvency.
- No reported officer compensation: This suggests a highly efficient use of funds by avoiding executive salary expenses.
- Consistent regulatory compliance: 13 IRS 990 filings demonstrate a commitment to transparency and reporting.
- Stable revenue generation: Consistently generating over $27 million in revenue annually over the past decade indicates a robust operational model.
Frequently Asked Questions about Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D
Is Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D a legitimate charity?
Based on AI analysis of IRS 990 filings, Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D (EIN: 10288347) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D spend its money?
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D tax-deductible?
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D is registered as a tax-exempt nonprofit (EIN: 10288347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D's spending goes to programs?
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D compare to similar nonprofits?
With a transparency score of 75/100 (Good), Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D is above average for NTEE category E81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D located?
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D is headquartered in Augusta, Maine and files with the IRS under EIN 10288347. It is classified under NTEE code E81Z.
How many years of IRS 990 filings does Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D have?
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D 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 $35.4M in total revenue.
How does Main Automobile Dealers Assoc Inc Insurance Trust manage its occasional operating deficits?
The organization has experienced periods where expenses exceeded revenue, such as in 202305 ($32,171,634 expenses vs. $31,244,375 revenue). It likely manages these through its accumulated assets, which were $9,738,878 in 202305, or through strategic adjustments in subsequent periods.
What is the nature of the 'Insurance Trust' and its primary beneficiaries?
Given the NTEE code E81Z (Insurance Providers) and the name 'Main Automobile Dealers Assoc Inc Insurance Trust', the organization likely provides insurance-related services or benefits primarily to automobile dealers in Maine. Further details would require reviewing the full 990 form's program service accomplishments.
How does the organization sustain operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that executive functions may be performed by volunteers, by staff whose compensation is categorized differently (e.g., program or administrative staff), or through services provided by an affiliated entity without direct compensation from this specific trust.
Filing History
IRS 990 filing history for Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D's revenue has grown by 38.8%, moving from $22.5M to $31.2M. Total assets increased by 18.3% over the same period, from $8.2M to $9.7M. Total functional expenses rose by 59.6%, from $20.2M to $32.2M. In its most recent filing year (2023), Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D reported a deficit of $927K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $9.7M in assets (debt-to-asset ratio: 22.3%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.2M | $32.2M | $9.7M | $2.2M | — | View 990 |
| 2022 | $30.3M | $31.2M | $10.6M | $2.1M | — | View 990 |
| 2021 | $30.5M | $28.4M | $12.1M | $1.7M | — | View 990 |
| 2020 | $30.7M | $31.1M | $9.0M | $2.0M | — | View 990 |
| 2019 | $30.5M | $30.1M | $9.5M | $2.0M | — | View 990 |
| 2018 | $30.5M | $33.3M | $9.8M | $2.2M | — | View 990 |
| 2017 | $29.2M | $29.2M | $12.3M | $1.7M | — | View 990 |
| 2016 | $28.2M | $27.7M | $11.6M | $1.8M | — | View 990 |
| 2015 | $27.4M | $26.8M | $11.8M | $2.2M | — | View 990 |
| 2014 | $26.3M | $25.7M | $11.2M | $2.2M | — | View 990 |
| 2013 | $25.3M | $23.6M | $8.9M | $1.1M | — | View 990 |
| 2012 | $23.8M | $24.3M | $7.0M | $1.5M | — | View 990 |
| 2011 | $22.5M | $20.2M | $8.2M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.2M, expenses of $32.2M, and assets of $9.7M (revenue +3.1% year-over-year).
- 2022: Revenue of $30.3M, expenses of $31.2M, and assets of $10.6M (revenue -0.7% year-over-year).
- 2021: Revenue of $30.5M, expenses of $28.4M, and assets of $12.1M (revenue -0.4% year-over-year).
- 2020: Revenue of $30.7M, expenses of $31.1M, and assets of $9.0M (revenue +0.7% year-over-year).
- 2019: Revenue of $30.5M, expenses of $30.1M, and assets of $9.5M (revenue -0.1% year-over-year).
- 2018: Revenue of $30.5M, expenses of $33.3M, and assets of $9.8M (revenue +4.3% year-over-year).
- 2017: Revenue of $29.2M, expenses of $29.2M, and assets of $12.3M (revenue +3.6% year-over-year).
- 2016: Revenue of $28.2M, expenses of $27.7M, and assets of $11.6M (revenue +2.9% year-over-year).
- 2015: Revenue of $27.4M, expenses of $26.8M, and assets of $11.8M (revenue +4.2% year-over-year).
- 2014: Revenue of $26.3M, expenses of $25.7M, and assets of $11.2M (revenue +3.9% year-over-year).
- 2013: Revenue of $25.3M, expenses of $23.6M, and assets of $8.9M (revenue +6.2% year-over-year).
- 2012: Revenue of $23.8M, expenses of $24.3M, and assets of $7.0M (revenue +5.9% year-over-year).
- 2011: Revenue of $22.5M, expenses of $20.2M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D:
Data Sources and Methodology
This transparency report for Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D 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.