Maine Forest Products Council
Maine Forest Products Council maintains stable assets despite fluctuating revenues and no reported officer compensation.
EIN: 10369125 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $801K |
| Total Expenses | $807K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Maine Forest Products Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Forest Products Council directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Forest Products Council
Maine Forest Products Council (EIN: 10369125) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $801K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Forest Products Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Forest Products Council is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $792K |
| Total Expenses | $807K |
| Surplus / Deficit | $-14,899 |
| Total Assets | $1.4M |
| Total Liabilities | $268K |
| Net Assets | $1.1M |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 20.3 months |
Financial Health Grade: B
In 2023, Maine Forest Products Council reported a deficit of $15K with expenses exceeding revenue, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Forest Products Council's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.5% | -28.7% | +18.6% |
| 2022 | -10.9% | -9.2% | -1.1% |
| 2021 | -3.0% | -4.1% | -4.3% |
| 2020 | +36.9% | +20.8% | +2.9% |
| 2019 | -15.1% | -14.9% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
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 Forest Products Council 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Maine Forest Products Council allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.6%.
Executive Compensation Analysis
The Maine Forest Products Council consistently reports 0% officer compensation across all 13 available IRS 990 filings, which is highly unusual for an organization of its size with revenues often exceeding $1 million. This suggests that executive leadership may be volunteer-based or compensated through non-officer categories, which could indicate a strong commitment to minimizing 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 Forest Products Council's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization of this scale and warrants further investigation into how leadership is compensated or structured.
- Significant increase in liabilities from $38,453 in 2022 to $267,543 in 2023, requiring clarification on its nature.
- Operational deficits in several years (e.g., 2023, 2019, 2018) where expenses exceeded revenues, indicating potential reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for Maine Forest Products Council:
- Strong asset base, consistently over $1 million, providing financial stability.
- Long history of consistent IRS 990 filings (13 filings), indicating transparency and compliance.
- Efficient use of funds suggested by 0% reported officer compensation, potentially maximizing resources for programs.
Frequently Asked Questions about Maine Forest Products Council
Is Maine Forest Products Council a legitimate charity?
Maine Forest Products Council (EIN: 10369125) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $801K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Maine Forest Products Council spend its money?
Maine Forest Products Council directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Maine Forest Products Council tax-deductible?
Maine Forest Products Council is registered as a tax-exempt nonprofit (EIN: 10369125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Forest Products Council CEO make?
Maine Forest Products Council's highest-compensated officer earns $1 annually. The organization reported $801K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Forest Products Council's spending goes to programs?
Maine Forest Products Council directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Forest Products Council located?
Maine Forest Products Council is headquartered in Augusta, Maine and files with the IRS under EIN 10369125.
How many years of IRS 990 filings does Maine Forest Products Council have?
Maine Forest Products Council 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 $801K in total revenue.
How does the Maine Forest Products Council sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings suggests that executive leadership may be volunteer-based, compensated through non-officer roles, or that the organization's structure does not include paid officers in the traditional sense. Further investigation into their operational model would be needed to fully understand this.
What caused the significant increase in liabilities from $38,453 in 2022 to $267,543 in 2023?
The provided data does not specify the nature of the liabilities. A detailed review of the 2023 Form 990 would be necessary to identify the specific reasons for this substantial increase, such as new debt, deferred revenue, or other obligations.
What are the primary sources of revenue for the organization, given the fluctuations?
The provided data only shows total revenue. To understand the primary sources (e.g., grants, membership dues, program service fees), one would need to examine the detailed revenue breakdown in the IRS 990 filings.
Filing History
IRS 990 filing history for Maine Forest Products Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Forest Products Council's revenue has grown by 43.4%, moving from $552K to $792K. Total assets increased by 18.2% over the same period, from $1.2M to $1.4M. Total functional expenses rose by 41.3%, from $571K to $807K. In its most recent filing year (2023), Maine Forest Products Council reported a deficit of $15K, with expenses exceeding revenue. The organization holds $268K in liabilities against $1.4M in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $792K | $807K | $1.4M | $268K | — | View 990 |
| 2022 | $1.2M | $1.1M | $1.1M | $38K | — | View 990 |
| 2021 | $1.3M | $1.2M | $1.2M | $76K | — | — |
| 2020 | $1.3M | $1.3M | $1.2M | $178K | — | — |
| 2019 | $977K | $1.1M | $1.2M | $183K | — | View 990 |
| 2018 | $1.2M | $1.3M | $1.3M | $231K | — | View 990 |
| 2017 | $1.0M | $797K | $1.5M | $317K | — | View 990 |
| 2016 | $642K | $628K | $1.2M | $192K | — | View 990 |
| 2015 | $623K | $615K | $1.2M | $215K | — | View 990 |
| 2014 | $620K | $613K | $1.2M | $228K | — | View 990 |
| 2013 | $656K | $620K | $1.2M | $240K | — | View 990 |
| 2012 | $614K | $599K | $1.2M | $237K | — | View 990 |
| 2011 | $552K | $571K | $1.2M | $244K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $792K, expenses of $807K, and assets of $1.4M (revenue -31.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $1.1M (revenue -10.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $1.2M (revenue -3.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $1.2M (revenue +36.9% year-over-year).
- 2019: Revenue of $977K, expenses of $1.1M, and assets of $1.2M (revenue -15.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $1.3M (revenue +13.2% year-over-year).
- 2017: Revenue of $1.0M, expenses of $797K, and assets of $1.5M (revenue +58.5% year-over-year).
- 2016: Revenue of $642K, expenses of $628K, and assets of $1.2M (revenue +3.0% year-over-year).
- 2015: Revenue of $623K, expenses of $615K, and assets of $1.2M (revenue +0.5% year-over-year).
- 2014: Revenue of $620K, expenses of $613K, and assets of $1.2M (revenue -5.5% year-over-year).
- 2013: Revenue of $656K, expenses of $620K, and assets of $1.2M (revenue +6.8% year-over-year).
- 2012: Revenue of $614K, expenses of $599K, and assets of $1.2M (revenue +11.2% year-over-year).
- 2011: Revenue of $552K, expenses of $571K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Forest Products Council:
Data Sources and Methodology
This transparency report for Maine Forest Products Council 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.