Maine Education Association Retired

Is Maine Education Association Retired Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Maine Education Association Retired directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Maine Education Association Retired

Maine Education Association Retired (EIN: 10465968) is a nonprofit organization based in Camden, ME, classified under NTEE code B03. The organization reported total revenue of $155K and total assets of $129K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Education Association Retired's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Maine Education Association Retired with a Mission Score of 85 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: 90%
• fundraising: 0%

According to IRS 990 filings, Maine Education Association Retired allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for a nonprofit of its size.

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 Education Association Retired's IRS 990 filings:

• Expenses exceeded revenue in the 2023 period ($122,062 vs. $109,767), which could be a concern if it becomes a recurring trend.

Strengths

The following positive indicators were identified for Maine Education Association Retired:

• Consistent reporting of 0% officer compensation, indicating a volunteer-driven leadership and efficient use of funds.
• Zero reported liabilities across all filings, demonstrating strong financial health and no debt.
• Growing asset base, increasing from $73,049 in 2019 to $132,015 in 2023, indicating financial stability.
• Stable revenue streams over the past decade, generally ranging between $84,000 and $113,000.

Frequently Asked Questions about Maine Education Association Retired

Filing History

IRS 990 filing history for Maine Education Association Retired showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Maine Education Association Retired's revenue has grown by 39%, moving from $79K to $110K. Total assets increased by 38% over the same period, from $96K to $132K. Total functional expenses rose by 47.9%, from $83K to $122K. In its most recent filing year (2023), Maine Education Association Retired reported a deficit of $12K, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2023: Revenue of $110K, expenses of $122K, and assets of $132K (revenue -2.9% year-over-year).
• 2022: Revenue of $113K, expenses of $108K, and assets of $144K (revenue +9.0% year-over-year).
• 2021: Revenue of $104K, expenses of $56K, and assets of $139K (revenue +15.0% year-over-year).
• 2020: Revenue of $90K, expenses of $71K, and assets of $92K (revenue -0.5% year-over-year).
• 2019: Revenue of $91K, expenses of $93K, and assets of $73K (revenue +6.6% year-over-year).
• 2018: Revenue of $85K, expenses of $96K, and assets of $75K (revenue -10.3% year-over-year).
• 2017: Revenue of $95K, expenses of $97K, and assets of $95K (revenue +6.2% year-over-year).
• 2016: Revenue of $89K, expenses of $94K, and assets of $97K (revenue -4.4% year-over-year).
• 2015: Revenue of $93K, expenses of $85K, and assets of $103K (revenue +9.9% year-over-year).
• 2014: Revenue of $85K, expenses of $79K, and assets of $94K (revenue -6.2% year-over-year).
• 2013: Revenue of $90K, expenses of $92K, and assets of $89K (revenue +18.3% year-over-year).
• 2012: Revenue of $76K, expenses of $82K, and assets of $90K (revenue -3.2% year-over-year).
• 2011: Revenue of $79K, expenses of $83K, and assets of $96K.

Data Sources and Methodology

This transparency report for Maine Education Association Retired 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.