Maine Automobile Insurance Plan
EIN: 237174076 · Johnston, RI
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $66K |
| Net Assets | $-23,074 |
Is Maine Automobile Insurance Plan Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Automobile Insurance Plan
Maine Automobile Insurance Plan (EIN: 237174076) is a nonprofit organization based in Johnston, RI. The organization reported total revenue of $68K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Automobile Insurance Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Automobile Insurance Plan is a micro nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $66K |
| Surplus / Deficit | +$1K |
| Total Assets | $12K |
| Total Liabilities | $35K |
| Net Assets | $-23,074 |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 298.2% |
| Months of Reserves | 2.1 months |
Financial Health Grade: B
In 2023, Maine Automobile Insurance Plan reported a surplus of $1K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 298.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Automobile Insurance Plan's revenue has declined at a compound annual growth rate (CAGR) of -6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.8% | +4.4% | -45.4% |
| 2022 | -7.0% | -10.4% | +0.2% |
| 2021 | +2.1% | +5.8% | +8.9% |
| 2020 | -11.9% | -13.4% | +7.4% |
| 2019 | -10.7% | -13.6% | +32.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maine Automobile Insurance Plan has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine Automobile Insurance Plan with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 298.2%.
Frequently Asked Questions about Maine Automobile Insurance Plan
Is Maine Automobile Insurance Plan a legitimate charity?
Maine Automobile Insurance Plan (EIN: 237174076) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $68K. No red flags identified. Financial health grade: B.
How does Maine Automobile Insurance Plan spend its money?
Maine Automobile Insurance Plan reported $68K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Maine Automobile Insurance Plan tax-deductible?
Maine Automobile Insurance Plan is registered as a tax-exempt nonprofit (EIN: 237174076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Automobile Insurance Plan located?
Maine Automobile Insurance Plan is headquartered in Johnston, Rhode Island and files with the IRS under EIN 237174076.
How many years of IRS 990 filings does Maine Automobile Insurance Plan have?
Maine Automobile Insurance Plan 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 $68K in total revenue.
Filing History
IRS 990 filing history for Maine Automobile Insurance Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Automobile Insurance Plan's revenue has declined by 54.4%, moving from $148K to $67K. Total assets decreased by 71.1% over the same period, from $40K to $12K. Total functional expenses fell by 50.9%, from $135K to $66K. In its most recent filing year (2023), Maine Automobile Insurance Plan reported a surplus of $1K, with revenue exceeding expenses. The organization holds $35K in liabilities against $12K in assets (debt-to-asset ratio: 298.2%), resulting in net assets of $-23,074.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $66K | $12K | $35K | — | — |
| 2022 | $77K | $63K | $21K | $37K | — | View 990 |
| 2021 | $82K | $71K | $21K | $44K | — | View 990 |
| 2020 | $81K | $67K | $20K | $63K | — | — |
| 2019 | $91K | $77K | $18K | $53K | — | View 990 |
| 2018 | $102K | $89K | $14K | $45K | — | View 990 |
| 2017 | $99K | $89K | $15K | $57K | — | — |
| 2016 | $119K | $102K | $21K | $52K | — | View 990 |
| 2015 | $132K | $107K | $24K | $51K | — | View 990 |
| 2014 | $149K | $115K | $27K | $72K | — | View 990 |
| 2013 | $152K | $151K | $37K | $20K | — | View 990 |
| 2012 | $147K | $143K | $39K | $86K | — | View 990 |
| 2011 | $148K | $135K | $40K | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $66K, and assets of $12K (revenue -11.8% year-over-year).
- 2022: Revenue of $77K, expenses of $63K, and assets of $21K (revenue -7.0% year-over-year).
- 2021: Revenue of $82K, expenses of $71K, and assets of $21K (revenue +2.1% year-over-year).
- 2020: Revenue of $81K, expenses of $67K, and assets of $20K (revenue -11.9% year-over-year).
- 2019: Revenue of $91K, expenses of $77K, and assets of $18K (revenue -10.7% year-over-year).
- 2018: Revenue of $102K, expenses of $89K, and assets of $14K (revenue +3.6% year-over-year).
- 2017: Revenue of $99K, expenses of $89K, and assets of $15K (revenue -16.8% year-over-year).
- 2016: Revenue of $119K, expenses of $102K, and assets of $21K (revenue -10.3% year-over-year).
- 2015: Revenue of $132K, expenses of $107K, and assets of $24K (revenue -11.0% year-over-year).
- 2014: Revenue of $149K, expenses of $115K, and assets of $27K (revenue -2.1% year-over-year).
- 2013: Revenue of $152K, expenses of $151K, and assets of $37K (revenue +3.5% year-over-year).
- 2012: Revenue of $147K, expenses of $143K, and assets of $39K (revenue -0.7% year-over-year).
- 2011: Revenue of $148K, expenses of $135K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Automobile Insurance Plan:
Data Sources and Methodology
This transparency report for Maine Automobile Insurance Plan 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.