Maine College Of Health Professions
Maine College Of Health Professions shows strong financial growth with significant revenue surplus and zero reported officer compensation.
EIN: 10356077 · Lewiston, ME · NTEE: B500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.3M |
| Total Expenses | $4.6M |
| Program Spending | 90% |
| Net Assets | $15.4M |
| Transparency Score | 95/100 |
Is Maine College Of Health Professions Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine College Of Health Professions directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine College Of Health Professions
Maine College Of Health Professions (EIN: 10356077) is a nonprofit organization based in Lewiston, ME, classified under NTEE code B500. The organization reported total revenue of $8.3M and total assets of $17.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine College Of Health Professions's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine College Of Health Professions is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$5.3M |
| Total Assets | $16.7M |
| Total Liabilities | $1.3M |
| Net Assets | $15.4M |
| Operating Margin | 53.6% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 43.6 months |
Financial Health Grade: A
In 2023, Maine College Of Health Professions reported a surplus of $5.3M with revenue exceeding expenses, holds 43.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine College Of Health Professions's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.1% | -1.6% | +95.7% |
| 2022 | +12.6% | +15.4% | -0.2% |
| 2021 | -30.7% | -23.2% | -31.3% |
| 2020 | +17.2% | +11.7% | +5.7% |
| 2019 | +15.4% | +6.8% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
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 College Of Health Professions 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Maine College Of Health Professions allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $5.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and suggests a strong commitment to mission-focused spending.
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 College Of Health Professions's IRS 990 filings:
- Unusually low or zero reported officer compensation could indicate alternative compensation structures not captured, or a fully volunteer leadership, which is rare for an organization of this scale.
Strengths
The following positive indicators were identified for Maine College Of Health Professions:
- Strong program spending indicated by significant revenue surplus over expenses (e.g., $9,930,190 revenue vs. $4,602,969 expenses in 202306).
- Consistent and substantial asset growth, nearly doubling from $8,546,985 in 202206 to $16,722,913 in 202306.
- Zero reported officer compensation across all filings, demonstrating a high commitment to mission-focused resource allocation.
- Positive net income trend, with revenue consistently exceeding expenses in recent years, contributing to financial stability.
- Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $1,319,043 liabilities vs. $16,722,913 assets in 202306).
Frequently Asked Questions about Maine College Of Health Professions
Is Maine College Of Health Professions a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine College Of Health Professions (EIN: 10356077) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Maine College Of Health Professions spend its money?
Maine College Of Health Professions directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine College Of Health Professions tax-deductible?
Maine College Of Health Professions is registered as a tax-exempt nonprofit (EIN: 10356077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine College Of Health Professions's spending goes to programs?
Maine College Of Health Professions directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine College Of Health Professions compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine College Of Health Professions is above average for NTEE category B500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine College Of Health Professions located?
Maine College Of Health Professions is headquartered in Lewiston, Maine and files with the IRS under EIN 10356077. It is classified under NTEE code B500.
How many years of IRS 990 filings does Maine College Of Health Professions have?
Maine College Of Health Professions 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 $8.3M in total revenue.
Is Maine College Of Health Professions a good charity?
Based on the available IRS 990 data, Maine College Of Health Professions appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings, suggesting nearly all resources are directed to its educational programs.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Revenue has grown from $4,027,959 in 201406 to $9,930,190 in 202306, and assets have nearly doubled from $8,546,985 in 202206 to $16,722,913 in 202306, indicating robust growth and financial stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, which is an exceptional indicator of its dedication to minimizing administrative overhead and maximizing resources for its programs.
Filing History
IRS 990 filing history for Maine College Of Health Professions showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine College Of Health Professions's revenue has grown by 121.6%, moving from $4.5M to $9.9M. Total assets increased by 131.1% over the same period, from $7.2M to $16.7M. Total functional expenses rose by 12.2%, from $4.1M to $4.6M. In its most recent filing year (2023), Maine College Of Health Professions reported a surplus of $5.3M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $16.7M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $4.6M | $16.7M | $1.3M | — | — |
| 2022 | $5.3M | $4.7M | $8.5M | $372K | — | View 990 |
| 2021 | $4.7M | $4.1M | $8.6M | $312K | — | View 990 |
| 2020 | $6.7M | $5.3M | $12.5M | $320K | — | View 990 |
| 2019 | $5.7M | $4.7M | $11.8M | $416K | — | — |
| 2018 | $5.0M | $4.4M | $10.8M | $560K | — | View 990 |
| 2017 | $4.6M | $4.5M | $10.0M | $827K | — | View 990 |
| 2016 | $4.9M | $4.7M | $9.4M | $752K | — | View 990 |
| 2015 | $4.7M | $4.8M | $9.2M | $764K | — | View 990 |
| 2014 | $4.0M | $4.1M | $9.4M | $964K | — | View 990 |
| 2013 | $5.5M | $4.6M | $8.2M | $740K | — | View 990 |
| 2012 | $5.0M | $4.4M | $7.9M | $1.1M | — | View 990 |
| 2011 | $4.5M | $4.1M | $7.2M | $802K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $4.6M, and assets of $16.7M (revenue +89.1% year-over-year).
- 2022: Revenue of $5.3M, expenses of $4.7M, and assets of $8.5M (revenue +12.6% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.1M, and assets of $8.6M (revenue -30.7% year-over-year).
- 2020: Revenue of $6.7M, expenses of $5.3M, and assets of $12.5M (revenue +17.2% year-over-year).
- 2019: Revenue of $5.7M, expenses of $4.7M, and assets of $11.8M (revenue +15.4% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.4M, and assets of $10.8M (revenue +9.0% year-over-year).
- 2017: Revenue of $4.6M, expenses of $4.5M, and assets of $10.0M (revenue -7.4% year-over-year).
- 2016: Revenue of $4.9M, expenses of $4.7M, and assets of $9.4M (revenue +4.4% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.8M, and assets of $9.2M (revenue +17.2% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.1M, and assets of $9.4M (revenue -26.3% year-over-year).
- 2013: Revenue of $5.5M, expenses of $4.6M, and assets of $8.2M (revenue +9.2% year-over-year).
- 2012: Revenue of $5.0M, expenses of $4.4M, and assets of $7.9M (revenue +11.7% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.1M, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine College Of Health Professions:
Data Sources and Methodology
This transparency report for Maine College Of Health Professions 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.