Maine Fishermens Forum
Maine Fishermens Forum shows fluctuating revenue but consistent volunteer leadership and positive net assets.
EIN: 10405019 · Rockport, ME · NTEE: N61C · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $446K |
| Total Expenses | $268K |
| Program Spending | 80% |
| Net Assets | $214K |
| Transparency Score | 75/100 |
Is Maine Fishermens Forum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Fishermens Forum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Fishermens Forum
Maine Fishermens Forum (EIN: 10405019) is a nonprofit organization based in Rockport, ME, classified under NTEE code N61C. The organization reported total revenue of $446K and total assets of $292K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Fishermens Forum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Fishermens Forum is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $321K |
| Total Expenses | $268K |
| Surplus / Deficit | +$53K |
| Total Assets | $214K |
| Net Assets | $214K |
| Operating Margin | 16.6% |
| Months of Reserves | 9.6 months |
Financial Health Grade: A
In 2024, Maine Fishermens Forum reported a surplus of $53K with revenue exceeding expenses, holds 9.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2024), Maine Fishermens Forum's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +83.3% | +15.7% | -6.7% |
| 2023 | +554.1% | +169.0% | -13.7% |
| 2022 | -6.9% | -5.6% | -16.1% |
| 2021 | -88.1% | -54.0% | -16.2% |
| 2020 | +-0.0% | +18.5% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Fishermens Forum 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 Fishermens Forum 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $53K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is likely run by volunteers or that compensation for key officers falls below reporting thresholds, which is highly favorable for a nonprofit of this 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 Fishermens Forum's IRS 990 filings:
- Significant revenue volatility makes long-term financial planning challenging.
- Lack of detailed functional expense breakdown prevents precise program efficiency analysis.
Strengths
The following positive indicators were identified for Maine Fishermens Forum:
- Consistent 0% officer compensation indicates strong volunteer engagement and efficient use of funds.
- Generally positive net assets and low liabilities demonstrate financial stability.
- Consistent IRS 990 filing history shows commitment to regulatory compliance.
Frequently Asked Questions about Maine Fishermens Forum
Is Maine Fishermens Forum a legitimate charity?
Maine Fishermens Forum (EIN: 10405019) 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: $446K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Maine Fishermens Forum spend its money?
Maine Fishermens Forum directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Fishermens Forum tax-deductible?
Maine Fishermens Forum is registered as a tax-exempt nonprofit (EIN: 10405019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Fishermens Forum's spending goes to programs?
Maine Fishermens Forum directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Fishermens Forum compare to similar nonprofits?
With a transparency score of 75/100 (Good), Maine Fishermens Forum is above average for NTEE category N61C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Fishermens Forum located?
Maine Fishermens Forum is headquartered in Rockport, Maine and files with the IRS under EIN 10405019. It is classified under NTEE code N61C.
How many years of IRS 990 filings does Maine Fishermens Forum have?
Maine Fishermens Forum 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 $446K in total revenue.
Is Maine Fishermens Forum a good charity?
Based on the available data, the Maine Fishermens Forum appears to be a well-managed organization with a strong volunteer component (0% officer compensation). Its financial health is generally stable, with assets consistently exceeding liabilities. However, without detailed functional expense breakdowns, it's difficult to fully assess program efficiency.
How has the organization's revenue trended?
Revenue has been highly variable, with significant peaks and troughs. For example, revenue was $26,750 in 2022, jumped to $174,982 in 2023, and further increased to $320,721 in 2024. This suggests a reliance on event-driven or cyclical income.
What is the organization's asset position?
The organization generally maintains a healthy asset position, with assets consistently above $200,000 in recent years, reaching $291,890 in the latest filing. Liabilities have been minimal or zero in most periods, indicating strong financial solvency.
Filing History
IRS 990 filing history for Maine Fishermens Forum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Maine Fishermens Forum's revenue has grown by 311.7%, moving from $78K to $321K. Total assets increased by 41% over the same period, from $152K to $214K. Total functional expenses rose by 197.3%, from $90K to $268K. In its most recent filing year (2024), Maine Fishermens Forum reported a surplus of $53K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $321K | $268K | $214K | $0 | — | — |
| 2023 | $175K | $231K | $229K | $34K | — | — |
| 2022 | $27K | $86K | $266K | $7K | — | View 990 |
| 2021 | $29K | $91K | $317K | $0 | — | View 990 |
| 2020 | $241K | $198K | $378K | $0 | — | View 990 |
| 2019 | $241K | $167K | $331K | $0 | — | View 990 |
| 2018 | $167K | $131K | $270K | $0 | — | View 990 |
| 2017 | $167K | $132K | $234K | $0 | — | View 990 |
| 2016 | $151K | $146K | $200K | $661 | — | View 990 |
| 2015 | $175K | $158K | $195K | $867 | — | View 990 |
| 2014 | $122K | $113K | $178K | $467 | — | View 990 |
| 2012 | $109K | $126K | $174K | $0 | — | View 990 |
| 2011 | $78K | $90K | $152K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $321K, expenses of $268K, and assets of $214K (revenue +83.3% year-over-year).
- 2023: Revenue of $175K, expenses of $231K, and assets of $229K (revenue +554.1% year-over-year).
- 2022: Revenue of $27K, expenses of $86K, and assets of $266K (revenue -6.9% year-over-year).
- 2021: Revenue of $29K, expenses of $91K, and assets of $317K (revenue -88.1% year-over-year).
- 2020: Revenue of $241K, expenses of $198K, and assets of $378K (revenue +-0.0% year-over-year).
- 2019: Revenue of $241K, expenses of $167K, and assets of $331K (revenue +44.5% year-over-year).
- 2018: Revenue of $167K, expenses of $131K, and assets of $270K (revenue -0.1% year-over-year).
- 2017: Revenue of $167K, expenses of $132K, and assets of $234K (revenue +10.2% year-over-year).
- 2016: Revenue of $151K, expenses of $146K, and assets of $200K (revenue -13.6% year-over-year).
- 2015: Revenue of $175K, expenses of $158K, and assets of $195K (revenue +44.1% year-over-year).
- 2014: Revenue of $122K, expenses of $113K, and assets of $178K (revenue +11.8% year-over-year).
- 2012: Revenue of $109K, expenses of $126K, and assets of $174K (revenue +39.7% year-over-year).
- 2011: Revenue of $78K, expenses of $90K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Fishermens Forum:
Data Sources and Methodology
This transparency report for Maine Fishermens Forum 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.