Maine Composites Alliance
Maine Composites Alliance shows fluctuating revenues and expenses, with no reported officer compensation over 13 years.
EIN: 10523209 · Portland, ME · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $237K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $51K |
| Transparency Score | 75/100 |
Is Maine Composites Alliance Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Composites Alliance directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Composites Alliance
Maine Composites Alliance (EIN: 10523209) is a nonprofit organization based in Portland, ME, classified under NTEE code B90. The organization reported total revenue of $71K and total assets of $89K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Composites Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Composites Alliance is a micro nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $237K |
| Surplus / Deficit | +$11K |
| Total Assets | $78K |
| Total Liabilities | $27K |
| Net Assets | $51K |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 34.3% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Maine Composites Alliance reported a surplus of $11K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 34.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Composites Alliance's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +277.5% | +220.7% | -7.7% |
| 2022 | -30.9% | +47.4% | +8.9% |
| 2021 | +18.8% | -67.3% | -13.0% |
| 2020 | -63.1% | -22.4% | -13.9% |
| 2019 | +42.4% | -23.2% | +23.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1999 |
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 Composites Alliance with a Mission Score of 75 out of 100 (Good). 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 Composites Alliance 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 $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 13 available filings, indicating that no officers or key employees received compensation from the organization, which is highly unusual for an organization with revenues sometimes exceeding $500,000.
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 Composites Alliance's IRS 990 filings:
- Significant year-over-year revenue and expense volatility, making long-term planning challenging.
- Several years with expenses exceeding revenue (e.g., 2022, 2020, 2018), potentially drawing down reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Maine Composites Alliance:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating low overhead in this area.
- Long history of consistent IRS 990 filings (13 filings), demonstrating commitment to transparency.
- Generally low liabilities relative to assets in most years, indicating responsible debt management.
Frequently Asked Questions about Maine Composites Alliance
Is Maine Composites Alliance a legitimate charity?
Maine Composites Alliance (EIN: 10523209) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $71K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Maine Composites Alliance spend its money?
Maine Composites Alliance directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Composites Alliance tax-deductible?
Maine Composites Alliance is registered as a tax-exempt nonprofit (EIN: 10523209). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Composites Alliance CEO make?
Maine Composites Alliance's highest-compensated officer earns $500,000. annually. The organization reported $71K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Composites Alliance's spending goes to programs?
Maine Composites Alliance directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Composites Alliance compare to similar nonprofits?
With a transparency score of 75/100 (Good), Maine Composites Alliance is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Composites Alliance located?
Maine Composites Alliance is headquartered in Portland, Maine and files with the IRS under EIN 10523209. It is classified under NTEE code B90.
How many years of IRS 990 filings does Maine Composites Alliance have?
Maine Composites Alliance 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 $71K in total revenue.
Is Maine Composites Alliance a good charity?
Based on the available data, Maine Composites Alliance demonstrates strong transparency regarding executive compensation (0% reported) and consistent IRS 990 filings. However, without detailed expense breakdowns, it's challenging to fully assess program efficiency. Its financial stability has fluctuated, with some years showing expenses exceeding revenue.
How does Maine Composites Alliance manage its finances given the revenue fluctuations?
The organization experiences significant revenue fluctuations, from $65,789 in 2022 to $508,993 in 2016. It appears to manage these by sometimes operating at a deficit (e.g., 2022, 2020, 2018) and other times building surpluses (e.g., 2023, 2021, 2019), suggesting a flexible operational model or reliance on grant cycles.
What is the typical asset base of Maine Composites Alliance?
Maine Composites Alliance typically maintains a relatively modest asset base, generally ranging between $56,470 and $174,075 over the past decade, with the most recent assets reported at $77,633 in 2023.
Filing History
IRS 990 filing history for Maine Composites Alliance showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Composites Alliance's revenue has declined by 36.1%, moving from $388K to $248K. Total assets increased by 489% over the same period, from $13K to $78K. Total functional expenses fell by 43.6%, from $420K to $237K. In its most recent filing year (2023), Maine Composites Alliance reported a surplus of $11K, with revenue exceeding expenses. The organization holds $27K in liabilities against $78K in assets (debt-to-asset ratio: 34.3%), resulting in net assets of $51K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $248K | $237K | $78K | $27K | — | — |
| 2022 | $66K | $74K | $84K | $44K | — | View 990 |
| 2021 | $95K | $50K | $77K | $29K | — | View 990 |
| 2020 | $80K | $154K | $89K | $86K | — | View 990 |
| 2019 | $217K | $198K | $103K | $27K | — | View 990 |
| 2018 | $152K | $258K | $84K | $26K | — | View 990 |
| 2017 | $315K | $282K | $174K | $11K | — | — |
| 2016 | $509K | $488K | $138K | $9K | — | — |
| 2015 | $477K | $415K | $130K | $21K | — | View 990 |
| 2014 | $408K | $396K | $56K | $10K | — | View 990 |
| 2013 | $526K | $490K | $44K | $10K | — | View 990 |
| 2012 | $468K | $476K | $11K | $13K | — | View 990 |
| 2011 | $388K | $420K | $13K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $248K, expenses of $237K, and assets of $78K (revenue +277.5% year-over-year).
- 2022: Revenue of $66K, expenses of $74K, and assets of $84K (revenue -30.9% year-over-year).
- 2021: Revenue of $95K, expenses of $50K, and assets of $77K (revenue +18.8% year-over-year).
- 2020: Revenue of $80K, expenses of $154K, and assets of $89K (revenue -63.1% year-over-year).
- 2019: Revenue of $217K, expenses of $198K, and assets of $103K (revenue +42.4% year-over-year).
- 2018: Revenue of $152K, expenses of $258K, and assets of $84K (revenue -51.6% year-over-year).
- 2017: Revenue of $315K, expenses of $282K, and assets of $174K (revenue -38.1% year-over-year).
- 2016: Revenue of $509K, expenses of $488K, and assets of $138K (revenue +6.7% year-over-year).
- 2015: Revenue of $477K, expenses of $415K, and assets of $130K (revenue +16.7% year-over-year).
- 2014: Revenue of $408K, expenses of $396K, and assets of $56K (revenue -22.3% year-over-year).
- 2013: Revenue of $526K, expenses of $490K, and assets of $44K (revenue +12.4% year-over-year).
- 2012: Revenue of $468K, expenses of $476K, and assets of $11K (revenue +20.5% year-over-year).
- 2011: Revenue of $388K, expenses of $420K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Composites Alliance:
Data Sources and Methodology
This transparency report for Maine Composites Alliance 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.