Maine Coast Fishermens Association
Maine Coast Fishermens Association demonstrates strong financial growth and zero officer compensation over the past decade.
EIN: 134337702 · Brunswick, ME · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| Net Assets | $3.3M |
| Transparency Score | 95/100 |
Is Maine Coast Fishermens Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Coast Fishermens Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Coast Fishermens Association
Maine Coast Fishermens Association (EIN: 134337702) is a nonprofit organization based in Brunswick, ME, classified under NTEE code C32. The organization reported total revenue of $3.5M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Coast Fishermens Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Coast Fishermens Association is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 77.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $3.5M |
| Total Liabilities | $234K |
| Net Assets | $3.3M |
| Operating Margin | 37.7% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 23.2 months |
Financial Health Grade: A
In 2023, Maine Coast Fishermens Association reported a surplus of $1.1M with revenue exceeding expenses, holds 23.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Maine Coast Fishermens Association's revenue has grown at a compound annual growth rate (CAGR) of 77.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.9% | +21.1% | +85.2% |
| 2022 | -1.7% | -6.3% | +8.0% |
| 2021 | -3.1% | +19.1% | +6.1% |
| 2020 | +144.5% | +172.5% | +60.0% |
| 2018 | -11.4% | -7.1% | +27.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Coast Fishermens Association with a Mission Score of 95 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 Coast Fishermens Association 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 surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds to programs.
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 Coast Fishermens Association's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other expense categories or through related entities, warranting further investigation into full compensation practices.
Strengths
The following positive indicators were identified for Maine Coast Fishermens Association:
- Exceptional revenue growth over the past decade, from $200,730 in 2014 to $2,922,167 in 2023.
- Strong asset accumulation, with assets growing from $221,801 in 2014 to $3,521,349 in 2023.
- Consistent reporting of 0% officer compensation, suggesting a high dedication of funds to programmatic activities.
- Healthy financial surpluses, with revenue consistently exceeding expenses (e.g., $2,922,167 revenue vs. $1,820,024 expenses in 2023).
- Low liabilities relative to assets, indicating strong financial health and low debt burden.
Frequently Asked Questions about Maine Coast Fishermens Association
Is Maine Coast Fishermens Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Coast Fishermens Association (EIN: 134337702) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Maine Coast Fishermens Association spend its money?
Maine Coast Fishermens Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Coast Fishermens Association tax-deductible?
Maine Coast Fishermens Association is registered as a tax-exempt nonprofit (EIN: 134337702). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Coast Fishermens Association's spending goes to programs?
Maine Coast Fishermens Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Coast Fishermens Association compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine Coast Fishermens Association is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Coast Fishermens Association located?
Maine Coast Fishermens Association is headquartered in Brunswick, Maine and files with the IRS under EIN 134337702. It is classified under NTEE code C32.
How many years of IRS 990 filings does Maine Coast Fishermens Association have?
Maine Coast Fishermens Association 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 $3.5M in total revenue.
Is Maine Coast Fishermens Association a good charity?
Based on its financial data, Maine Coast Fishermens Association appears to be a very good charity. It demonstrates strong revenue growth, healthy asset accumulation, and a consistent practice of reporting 0% officer compensation, indicating efficient use of funds for its mission.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $200,730 in 2014 to $2,922,167 in 2023, and its latest reported revenue is $3,510,251. This represents a substantial increase over the past decade.
What is the organization's financial stability?
The organization shows strong financial stability, with assets consistently growing (from $221,801 in 2014 to $3,521,349 in 2023) and liabilities remaining relatively low compared to assets. This indicates a healthy balance sheet and good financial management.
Filing History
IRS 990 filing history for Maine Coast Fishermens Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Maine Coast Fishermens Association's revenue has grown by 97305.6%, moving from $3K to $2.9M. Total assets increased by 89183.7% over the same period, from $4K to $3.5M. Total functional expenses rose by 19997.4%, from $9K to $1.8M. In its most recent filing year (2023), Maine Coast Fishermens Association reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $234K in liabilities against $3.5M in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $1.8M | $3.5M | $234K | — | View 990 |
| 2022 | $1.7M | $1.5M | $1.9M | $259K | — | View 990 |
| 2021 | $1.7M | $1.6M | $1.8M | $277K | — | View 990 |
| 2020 | $1.7M | $1.3M | $1.7M | $261K | — | View 990 |
| 2018 | $713K | $494K | $1.0M | $10K | — | View 990 |
| 2017 | $805K | $532K | $816K | $9K | — | View 990 |
| 2016 | $523K | $417K | $546K | $12K | — | View 990 |
| 2015 | $445K | $246K | $434K | $6K | — | View 990 |
| 2014 | $201K | $160K | $222K | $4K | — | View 990 |
| 2013 | $272K | $152K | $195K | $18K | — | View 990 |
| 2012 | $170K | $104K | $74K | $4K | — | View 990 |
| 2011 | $3K | $9K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $1.8M, and assets of $3.5M (revenue +75.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.5M, and assets of $1.9M (revenue -1.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $1.8M (revenue -3.1% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.3M, and assets of $1.7M (revenue +144.5% year-over-year).
- 2018: Revenue of $713K, expenses of $494K, and assets of $1.0M (revenue -11.4% year-over-year).
- 2017: Revenue of $805K, expenses of $532K, and assets of $816K (revenue +54.1% year-over-year).
- 2016: Revenue of $523K, expenses of $417K, and assets of $546K (revenue +17.5% year-over-year).
- 2015: Revenue of $445K, expenses of $246K, and assets of $434K (revenue +121.6% year-over-year).
- 2014: Revenue of $201K, expenses of $160K, and assets of $222K (revenue -26.2% year-over-year).
- 2013: Revenue of $272K, expenses of $152K, and assets of $195K (revenue +59.7% year-over-year).
- 2012: Revenue of $170K, expenses of $104K, and assets of $74K (revenue +5575.4% year-over-year).
- 2011: Revenue of $3K, expenses of $9K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Coast Fishermens Association:
Data Sources and Methodology
This transparency report for Maine Coast Fishermens Association 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.