Maine Coast Medical Realty Inc
Maine Coast Medical Realty Inc. consistently operates at a deficit with growing liabilities.
EIN: 10390918 · Ellsworth, ME · NTEE: E22I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $217K |
| Net Assets | $-537,734 |
| Transparency Score | 20/100 |
Is Maine Coast Medical Realty Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Coast Medical Realty Inc
Maine Coast Medical Realty Inc (EIN: 10390918) is a nonprofit organization based in Ellsworth, ME, classified under NTEE code E22I. The organization reported total revenue of $108K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Coast Medical Realty Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Coast Medical Realty Inc is a small nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $217K |
| Surplus / Deficit | $-108,933 |
| Total Assets | $32K |
| Total Liabilities | $570K |
| Net Assets | $-537,734 |
| Operating Margin | -100.7% |
| Debt-to-Asset Ratio | 1754.6% |
| Months of Reserves | 1.8 months |
Financial Health Grade: D
In 2023, Maine Coast Medical Realty Inc reported a deficit of $109K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 1754.6% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Maine Coast Medical Realty Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.5% | +4.1% | -81.3% |
| 2022 | +88.5% | +34.1% | +513.3% |
| 2021 | +0.0% | -9.9% | +178.5% |
| 2020 | +0.0% | -29.3% | -38.9% |
| 2019 | -6.1% | -12.5% | -30.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Medical Realty Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Maine Coast Medical Realty Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1754.6%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating no direct salary payments to executives, which is a positive for minimizing administrative overhead.
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 Medical Realty Inc's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in nearly every reported period, including $217,134 in expenses vs. $108,201 in revenue in 202309.
- High and increasing liabilities: Liabilities reached $570,233 in 202309, significantly outweighing assets of $32,499.
- Negative net assets: The organization consistently has negative net assets, indicating that its liabilities exceed its assets.
- Lack of detailed expense breakdown: Without a breakdown of program, administrative, and fundraising expenses, it's impossible to assess spending efficiency.
Strengths
The following positive indicators were identified for Maine Coast Medical Realty Inc:
- No reported officer compensation: Officer compensation has been 0% across all filings, indicating no direct executive salary burden.
Frequently Asked Questions about Maine Coast Medical Realty Inc
Is Maine Coast Medical Realty Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Coast Medical Realty Inc (EIN: 10390918) significant concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
How does Maine Coast Medical Realty Inc spend its money?
Detailed spending breakdown data is not yet available for Maine Coast Medical Realty Inc. Check back for updated IRS 990 analysis.
Are donations to Maine Coast Medical Realty Inc tax-deductible?
Maine Coast Medical Realty Inc is registered as a tax-exempt nonprofit (EIN: 10390918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Maine Coast Medical Realty Inc compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Maine Coast Medical Realty Inc is below average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Coast Medical Realty Inc located?
Maine Coast Medical Realty Inc is headquartered in Ellsworth, Maine and files with the IRS under EIN 10390918. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Maine Coast Medical Realty Inc have?
Maine Coast Medical Realty Inc has 14 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 $108K in total revenue.
Is Maine Coast Medical Realty Inc. financially sustainable?
Based on the consistent operational deficits and increasing liabilities, the organization's financial sustainability is highly questionable. In 202309, expenses were double revenue, and liabilities were nearly 18 times assets.
What is the primary purpose of Maine Coast Medical Realty Inc. given its financial structure?
While the NTEE code suggests medical equipment, the name 'Medical Realty' and the financial structure (high liabilities, low assets relative to liabilities) strongly imply a focus on real estate holdings or management, likely for medical facilities, rather than direct program service delivery.
Why are liabilities so high compared to assets?
The high liabilities ($570,233 in 202309) compared to assets ($32,499 in 202309) suggest significant debt, possibly related to property acquisition or development, which is not being adequately covered by current assets or revenue.
Does the organization have a clear path to financial solvency?
The filings do not provide a clear path to solvency. The consistent revenue shortfalls against expenses and the growing debt burden indicate a need for a significant strategic shift or capital infusion to achieve financial health.
Filing History
IRS 990 filing history for Maine Coast Medical Realty Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Maine Coast Medical Realty Inc's revenue has declined by 41.2%, moving from $184K to $108K. Total assets decreased by 91.1% over the same period, from $364K to $32K. Total functional expenses rose by 11.6%, from $194K to $217K. In its most recent filing year (2023), Maine Coast Medical Realty Inc reported a deficit of $109K, with expenses exceeding revenue. The organization holds $570K in liabilities against $32K in assets (debt-to-asset ratio: 1754.6%), resulting in net assets of $-537,734.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $217K | $32K | $570K | — | — |
| 2022 | $274K | $209K | $174K | $603K | — | View 990 |
| 2021 | $145K | $155K | $28K | $523K | — | View 990 |
| 2020 | $145K | $173K | $10K | $494K | — | — |
| 2019 | $145K | $244K | $17K | $473K | — | View 990 |
| 2018 | $155K | $279K | $24K | $382K | — | View 990 |
| 2017 | $182K | $305K | $40K | $273K | — | View 990 |
| 2016 | $182K | $291K | $85K | $195K | — | View 990 |
| 2015 | $46K | $105K | $370K | $130K | — | View 990 |
| 2015 | $187K | $224K | $480K | $181K | — | View 990 |
| 2014 | $188K | $223K | $394K | $57K | — | View 990 |
| 2013 | $188K | $192K | $390K | $18K | — | View 990 |
| 2012 | $186K | $167K | $383K | $6K | — | View 990 |
| 2011 | $184K | $194K | $364K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $217K, and assets of $32K (revenue -60.5% year-over-year).
- 2022: Revenue of $274K, expenses of $209K, and assets of $174K (revenue +88.5% year-over-year).
- 2021: Revenue of $145K, expenses of $155K, and assets of $28K (revenue +0.0% year-over-year).
- 2020: Revenue of $145K, expenses of $173K, and assets of $10K (revenue +0.0% year-over-year).
- 2019: Revenue of $145K, expenses of $244K, and assets of $17K (revenue -6.1% year-over-year).
- 2018: Revenue of $155K, expenses of $279K, and assets of $24K (revenue -15.0% year-over-year).
- 2017: Revenue of $182K, expenses of $305K, and assets of $40K (revenue +0.0% year-over-year).
- 2016: Revenue of $182K, expenses of $291K, and assets of $85K (revenue +300.0% year-over-year).
- 2015: Revenue of $46K, expenses of $105K, and assets of $370K (revenue -75.6% year-over-year).
- 2015: Revenue of $187K, expenses of $224K, and assets of $480K (revenue -0.5% year-over-year).
- 2014: Revenue of $188K, expenses of $223K, and assets of $394K (revenue +0.0% year-over-year).
- 2013: Revenue of $188K, expenses of $192K, and assets of $390K (revenue +0.6% year-over-year).
- 2012: Revenue of $186K, expenses of $167K, and assets of $383K (revenue +1.3% year-over-year).
- 2011: Revenue of $184K, expenses of $194K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Coast Medical Realty Inc:
Data Sources and Methodology
This transparency report for Maine Coast Medical Realty 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.