Maine Association Of Mortgage Professionals
Maine Association Of Mortgage Professionals shows stable finances with growing assets and no reported officer compensation.
EIN: 10403673 · Bangor, ME · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $94K |
| Program Spending | 80% |
| Net Assets | $29K |
| Transparency Score | 85/100 |
Is Maine Association Of Mortgage Professionals Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Association Of Mortgage Professionals directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Association Of Mortgage Professionals
Maine Association Of Mortgage Professionals (EIN: 10403673) is a nonprofit organization based in Bangor, ME, classified under NTEE code S41. The organization reported total revenue of $116K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Association Of Mortgage Professionals's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Association Of Mortgage Professionals is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $94K |
| Surplus / Deficit | +$16K |
| Total Assets | $59K |
| Total Liabilities | $29K |
| Net Assets | $29K |
| Operating Margin | 14.5% |
| Debt-to-Asset Ratio | 50.3% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2023, Maine Association Of Mortgage Professionals reported a surplus of $16K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 50.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Maine Association Of Mortgage Professionals's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | +13.2% | +49.5% |
| 2022 | +90.7% | +30.3% | +244.4% |
| 2021 | +47.6% | +53.8% | -50.9% |
| 2020 | -58.6% | -57.0% | -26.0% |
| 2019 | -10.8% | +7.4% | -23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Association Of Mortgage Professionals 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Maine Association Of Mortgage Professionals allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated below the IRS reporting threshold, which is typical for smaller professional associations and suggests a volunteer-driven leadership structure.
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 Association Of Mortgage Professionals's IRS 990 filings:
- Increasing liabilities, from $12,778 in 2021 to $29,431 in 2023, warrant monitoring.
Strengths
The following positive indicators were identified for Maine Association Of Mortgage Professionals:
- Consistent revenue generation exceeding expenses in recent years (e.g., 2023 revenue $110,488 vs. expenses $94,437).
- Significant asset growth from $11,364 in 2021 to $58,506 in 2023.
- No reported officer compensation, indicating efficient use of funds or volunteer leadership.
- Long and consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about Maine Association Of Mortgage Professionals
Is Maine Association Of Mortgage Professionals a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Association Of Mortgage Professionals (EIN: 10403673) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Maine Association Of Mortgage Professionals spend its money?
Maine Association Of Mortgage Professionals directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Association Of Mortgage Professionals tax-deductible?
Maine Association Of Mortgage Professionals is registered as a tax-exempt nonprofit (EIN: 10403673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Association Of Mortgage Professionals's spending goes to programs?
Maine Association Of Mortgage Professionals directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Association Of Mortgage Professionals compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Association Of Mortgage Professionals is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Association Of Mortgage Professionals located?
Maine Association Of Mortgage Professionals is headquartered in Bangor, Maine and files with the IRS under EIN 10403673. It is classified under NTEE code S41.
How many years of IRS 990 filings does Maine Association Of Mortgage Professionals have?
Maine Association Of Mortgage Professionals has 12 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 $116K in total revenue.
Is the Maine Association Of Mortgage Professionals financially stable?
Yes, the organization appears financially stable. In 2023, revenue ($110,488) exceeded expenses ($94,437), and assets have grown significantly from $11,364 in 2021 to $58,506 in 2023.
Does the organization pay its officers?
Based on the IRS 990 filings, the organization consistently reports 0% officer compensation, suggesting that its officers are not paid or are compensated below the reporting threshold.
How have the organization's assets changed over time?
The organization's assets have shown significant growth, particularly in recent years, increasing from $11,364 in 2021 to $58,506 in 2023.
Filing History
IRS 990 filing history for Maine Association Of Mortgage Professionals showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Maine Association Of Mortgage Professionals's revenue has grown by 185%, moving from $39K to $110K. Total assets increased by 139.7% over the same period, from $24K to $59K. Total functional expenses rose by 100.8%, from $47K to $94K. In its most recent filing year (2023), Maine Association Of Mortgage Professionals reported a surplus of $16K, with revenue exceeding expenses. The organization holds $29K in liabilities against $59K in assets (debt-to-asset ratio: 50.3%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $94K | $59K | $29K | — | — |
| 2022 | $98K | $83K | $39K | $26K | — | — |
| 2021 | $51K | $64K | $11K | $13K | — | View 990 |
| 2020 | $35K | $42K | $23K | $12K | — | — |
| 2019 | $84K | $97K | $31K | $13K | — | View 990 |
| 2018 | $94K | $90K | $41K | $10K | — | View 990 |
| 2017 | $78K | $85K | $32K | $5K | — | — |
| 2016 | $75K | $64K | $42K | $7K | — | View 990 |
| 2015 | $60K | $63K | $23K | $0 | — | View 990 |
| 2014 | $63K | $59K | $28K | $2K | — | View 990 |
| 2013 | $55K | $54K | $22K | $0 | — | View 990 |
| 2012 | $39K | $47K | $24K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $94K, and assets of $59K (revenue +12.9% year-over-year).
- 2022: Revenue of $98K, expenses of $83K, and assets of $39K (revenue +90.7% year-over-year).
- 2021: Revenue of $51K, expenses of $64K, and assets of $11K (revenue +47.6% year-over-year).
- 2020: Revenue of $35K, expenses of $42K, and assets of $23K (revenue -58.6% year-over-year).
- 2019: Revenue of $84K, expenses of $97K, and assets of $31K (revenue -10.8% year-over-year).
- 2018: Revenue of $94K, expenses of $90K, and assets of $41K (revenue +20.9% year-over-year).
- 2017: Revenue of $78K, expenses of $85K, and assets of $32K (revenue +3.5% year-over-year).
- 2016: Revenue of $75K, expenses of $64K, and assets of $42K (revenue +25.9% year-over-year).
- 2015: Revenue of $60K, expenses of $63K, and assets of $23K (revenue -4.8% year-over-year).
- 2014: Revenue of $63K, expenses of $59K, and assets of $28K (revenue +14.4% year-over-year).
- 2013: Revenue of $55K, expenses of $54K, and assets of $22K (revenue +41.3% year-over-year).
- 2012: Revenue of $39K, expenses of $47K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Association Of Mortgage Professionals:
Data Sources and Methodology
This transparency report for Maine Association Of Mortgage Professionals 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.