Maine Antique Tractor Club Inc
Maine Antique Tractor Club maintains stable assets despite occasional expense surges exceeding revenue.
EIN: 200820377 · Norridgewock, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $46K |
| Total Expenses | $69K |
| Program Spending | 85% |
| Net Assets | $146K |
| Transparency Score | 85/100 |
Is Maine Antique Tractor Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Antique Tractor Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Antique Tractor Club Inc
Maine Antique Tractor Club Inc (EIN: 200820377) is a nonprofit organization based in Norridgewock, ME, classified under NTEE code A80. The organization reported total revenue of $46K and total assets of $194K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Antique Tractor Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Antique Tractor Club Inc is a micro nonprofit that has been operating for 15 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $69K |
| Surplus / Deficit | $-26,871 |
| Total Assets | $175K |
| Total Liabilities | $30K |
| Net Assets | $146K |
| Operating Margin | -63.8% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 30.5 months |
Financial Health Grade: B
In 2023, Maine Antique Tractor Club Inc reported a deficit of $27K with expenses exceeding revenue, holds 30.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 16 years of filings (2008–2023), Maine Antique Tractor Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | +176.0% | +1.2% |
| 2022 | +1.3% | -9.4% | -14.5% |
| 2021 | -41.8% | +23.8% | +13.5% |
| 2020 | +87.3% | +52.2% | +30.7% |
| 2019 | +8.5% | -32.1% | -16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
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 Maine Antique Tractor Club 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, Maine Antique Tractor Club 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 $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is likely run by volunteers, which is a positive sign for resource allocation and efficiency.
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 Maine Antique Tractor Club Inc's IRS 990 filings:
- Expenses exceeded revenue in multiple years (e.g., 2023, 2017), leading to net operating losses.
- Significant fluctuations in liabilities without clear context from summary data.
Strengths
The following positive indicators were identified for Maine Antique Tractor Club Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Healthy and growing asset base, demonstrating long-term financial stability.
- Consistent filing of IRS 990 forms over 16 periods, indicating good transparency.
- Generally stable revenue generation over the past decade.
Frequently Asked Questions about Maine Antique Tractor Club Inc
Is Maine Antique Tractor Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Antique Tractor Club Inc (EIN: 200820377) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Maine Antique Tractor Club Inc spend its money?
Maine Antique Tractor Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Antique Tractor Club Inc tax-deductible?
Maine Antique Tractor Club Inc is registered as a tax-exempt nonprofit (EIN: 200820377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Antique Tractor Club Inc's spending goes to programs?
Maine Antique Tractor Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Antique Tractor Club Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Antique Tractor Club Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Antique Tractor Club Inc located?
Maine Antique Tractor Club Inc is headquartered in Norridgewock, Maine and files with the IRS under EIN 200820377. It is classified under NTEE code A80.
How many years of IRS 990 filings does Maine Antique Tractor Club Inc have?
Maine Antique Tractor Club Inc has 16 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 $46K in total revenue.
What caused the significant expense spikes in 2017 ($85,394) and 2023 ($68,973)?
These spikes, which exceeded revenue in those years, could indicate major program initiatives, capital expenditures, or significant one-time operational costs. Further detail from the full 990 forms would be needed to understand the nature of these expenses.
How does the organization manage its liabilities, which have shown considerable fluctuation (e.g., $138,394 in 2017 vs. $954 in 2022)?
The variability in liabilities suggests that the organization may take on debt for specific projects or capital acquisitions, which are then paid down. Understanding the purpose and terms of these liabilities would provide insight into financial management practices.
What is the primary source of the organization's revenue, and is it diversified?
While the filings show total revenue, the specific breakdown (e.g., membership dues, events, donations) is not provided in this summary. Diversified revenue streams generally indicate greater financial resilience.
Filing History
IRS 990 filing history for Maine Antique Tractor Club Inc showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Maine Antique Tractor Club Inc's revenue has declined by 41.8%, moving from $72K to $42K. Total assets increased by 286.8% over the same period, from $45K to $175K. Total functional expenses rose by 19.7%, from $58K to $69K. In its most recent filing year (2023), Maine Antique Tractor Club Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $30K in liabilities against $175K in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $146K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $69K | $175K | $30K | — | View 990 |
| 2022 | $41K | $25K | $173K | $954 | — | View 990 |
| 2021 | $41K | $28K | $203K | $47K | — | View 990 |
| 2020 | $70K | $22K | $179K | $36K | — | View 990 |
| 2019 | $37K | $15K | $137K | $44K | — | View 990 |
| 2018 | $34K | $22K | $163K | $93K | — | View 990 |
| 2017 | $38K | $85K | $196K | $138K | — | View 990 |
| 2016 | $41K | $37K | $149K | $45K | — | View 990 |
| 2015 | $42K | $33K | $134K | $34K | — | View 990 |
| 2014 | $39K | $36K | $116K | $22K | — | View 990 |
| 2013 | $50K | $35K | $117K | $26K | — | View 990 |
| 2012 | $54K | $43K | $106K | $30K | — | View 990 |
| 2011 | $47K | $40K | $65K | $0 | — | View 990 |
| 2010 | $47K | $40K | $58K | $0 | — | View 990 |
| 2009 | $49K | $43K | $51K | $0 | — | View 990 |
| 2008 | $72K | $58K | $45K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $69K, and assets of $175K (revenue +2.1% year-over-year).
- 2022: Revenue of $41K, expenses of $25K, and assets of $173K (revenue +1.3% year-over-year).
- 2021: Revenue of $41K, expenses of $28K, and assets of $203K (revenue -41.8% year-over-year).
- 2020: Revenue of $70K, expenses of $22K, and assets of $179K (revenue +87.3% year-over-year).
- 2019: Revenue of $37K, expenses of $15K, and assets of $137K (revenue +8.5% year-over-year).
- 2018: Revenue of $34K, expenses of $22K, and assets of $163K (revenue -9.7% year-over-year).
- 2017: Revenue of $38K, expenses of $85K, and assets of $196K (revenue -8.2% year-over-year).
- 2016: Revenue of $41K, expenses of $37K, and assets of $149K (revenue -0.3% year-over-year).
- 2015: Revenue of $42K, expenses of $33K, and assets of $134K (revenue +6.1% year-over-year).
- 2014: Revenue of $39K, expenses of $36K, and assets of $116K (revenue -21.4% year-over-year).
- 2013: Revenue of $50K, expenses of $35K, and assets of $117K (revenue -7.6% year-over-year).
- 2012: Revenue of $54K, expenses of $43K, and assets of $106K (revenue +14.8% year-over-year).
- 2011: Revenue of $47K, expenses of $40K, and assets of $65K (revenue -0.2% year-over-year).
- 2010: Revenue of $47K, expenses of $40K, and assets of $58K (revenue -3.9% year-over-year).
- 2009: Revenue of $49K, expenses of $43K, and assets of $51K (revenue -32.2% year-over-year).
- 2008: Revenue of $72K, expenses of $58K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Antique Tractor Club Inc:
Data Sources and Methodology
This transparency report for Maine Antique Tractor Club 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.