Maine Government Finance Officers Association
Maine Government Finance Officers Association: Strong Financial Health, Limited Program Spending
EIN: 222579544 · Augusta, ME · NTEE: S99 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $20K |
| Program Spending | 10% |
| Net Assets | $18K |
| Transparency Score | 60/100 |
Is Maine Government Finance Officers Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Government Finance Officers Association directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Maine Government Finance Officers Association
Maine Government Finance Officers Association (EIN: 222579544) is a nonprofit organization based in Augusta, ME, classified under NTEE code S99. The organization reported total revenue of $13K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Government Finance Officers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Government Finance Officers Association is a micro nonprofit that has been operating for 4 years, with 5 years of IRS 990 filings on record (2018–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $20K |
| Surplus / Deficit | $-8,832 |
| Total Assets | $20K |
| Total Liabilities | $2K |
| Net Assets | $18K |
| Operating Margin | -77.9% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 11.9 months |
Financial Health Grade: B
In 2023, Maine Government Finance Officers Association reported a deficit of $9K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.1% | +184.4% | +156.9% |
| 2021 | +152.6% | +10.1% | +30.7% |
| 2020 | -56.6% | -17.8% | -32.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
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 Government Finance Officers Association with a Mission Score of 60 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: 40%
- programs: 10%
- fundraising: 50%
According to IRS 990 filings, Maine Government Finance Officers Association allocates its expenses as follows: admin: 40%, programs: 10%, fundraising: 50%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided data.
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 Government Finance Officers Association's IRS 990 filings:
- Low percentage of spending on programs (10%) compared to administrative and fundraising costs.
- Significant increase in fundraising expenses relative to program spending in recent years.
- Lack of detailed program descriptions or impact reports to justify spending allocations.
Strengths
The following positive indicators were identified for Maine Government Finance Officers Association:
- Consistent revenue generation over the past few years, with a notable increase in 2023 ($13,098).
- Positive net assets, indicating financial stability.
- Low liability in 2023 ($1,605) compared to assets ($21,824).
Frequently Asked Questions about Maine Government Finance Officers Association
Is Maine Government Finance Officers Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Government Finance Officers Association (EIN: 222579544) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Maine Government Finance Officers Association spend its money?
Maine Government Finance Officers Association directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Government Finance Officers Association tax-deductible?
Maine Government Finance Officers Association is registered as a tax-exempt nonprofit (EIN: 222579544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Government Finance Officers Association's spending goes to programs?
Maine Government Finance Officers Association directs 10% to programs, 50% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Maine Government Finance Officers Association compare to similar nonprofits?
With a transparency score of 60/100 (Good), Maine Government Finance Officers Association is above average for NTEE category S99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Government Finance Officers Association located?
Maine Government Finance Officers Association is headquartered in Augusta, Maine and files with the IRS under EIN 222579544. It is classified under NTEE code S99.
How many years of IRS 990 filings does Maine Government Finance Officers Association have?
Maine Government Finance Officers Association has 5 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 $13K in total revenue.
What does Maine Government Finance Officers Association do?
Maine Government Finance Officers Association is a nonprofit organization in the Community Improvement sector, located in Augusta, Maine. It is classified under NTEE code S99.
How much revenue does Maine Government Finance Officers Association have?
Maine Government Finance Officers Association reported total revenue of $13,098. Based on 5 IRS 990 filings on record.
What are Maine Government Finance Officers Association's total assets?
Maine Government Finance Officers Association holds total assets of $21,824 as reported in IRS 990 filings.
Where is Maine Government Finance Officers Association located?
Maine Government Finance Officers Association is based in Augusta, Maine.
What is Maine Government Finance Officers Association's EIN?
Maine Government Finance Officers Association's Employer Identification Number (EIN) is 222579544. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Maine Government Finance Officers Association?
Maine Government Finance Officers Association is classified under NTEE code S99 (Community Improvement).
Is Maine Government Finance Officers Association a registered 501(c)(3)?
Yes, Maine Government Finance Officers Association is recognized as a tax-exempt organization by the IRS. EIN: 222579544.
Does Maine Government Finance Officers Association file IRS Form 990?
Yes, Maine Government Finance Officers Association has 5 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Maine Government Finance Officers Association's revenue in 2023?
In the 202312 filing period, Maine Government Finance Officers Association reported total revenue of $11,333, total expenses of $20,165, and net assets of $20,001.
Is Maine Government Finance Officers Association's revenue growing or declining?
Maine Government Finance Officers Association's revenue is growing. Revenue went from $8,918 (202112) to $11,333 (202312), a +27.1% change. Based on 5 filings on record.
What is Maine Government Finance Officers Association's most recent 990 filing?
The most recent IRS Form 990 filing for Maine Government Finance Officers Association covers tax period 202312. It shows revenue of $11,333, expenses of $20,165, total assets of $20,001, and liabilities of $1,605.
How much does Maine Government Finance Officers Association spend on programs vs administration?
Based on IRS 990 analysis, Maine Government Finance Officers Association allocates approximately 10% of expenses to program services, 40% to administrative costs, and 50% to fundraising. Overhead costs appear high relative to program spending.
Is Maine Government Finance Officers Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Maine Government Finance Officers Association shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Maine Government Finance Officers Association?
The following concerns were identified: Low percentage of spending on programs (10%) compared to administrative and fundraising costs.. Significant increase in fundraising expenses relative to program spending in recent years.. Lack of detailed program descriptions or impact reports to justify spending allocations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Maine Government Finance Officers Association's strengths?
Positive indicators for Maine Government Finance Officers Association include: Consistent revenue generation over the past few years, with a notable increase in 2023 ($13,098).. Positive net assets, indicating financial stability.. Low liability in 2023 ($1,605) compared to assets ($21,824).. These findings are derived from AI analysis of the organization's financial filings.
How does Maine Government Finance Officers Association compensate executives?
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'S99' NTEE code (indicating a catch-all for 'Other'), what specific activities or programs does the Maine Government Finance Officers Association undertake to fulfill its mission, and how are these funded?
The provided data does not detail specific program activities. The low program spending percentage (10%) suggests that most of the organization's resources are allocated to administrative functions and fundraising, rather than direct programmatic work. Further investigation into their website or annual reports would be needed to understand their specific initiatives.
How does the organization justify its high administrative and fundraising expenses relative to its program spending, especially with a 50% allocation to fundraising in the latest filing?
Without additional context or detailed financial statements, it's challenging to justify the high administrative and fundraising expenses. The 50% allocation to fundraising in 2023, compared to only 10% for programs, raises questions about the efficiency and effectiveness of their fundraising efforts in relation to their mission delivery. This could indicate a focus on growth or member acquisition, but without more information, it's a significant concern.
Filing History
IRS 990 filing history for Maine Government Finance Officers Association showing financial trends over 5 years of public records:
Total assets increased by 2000000% over the same period, from $1 to $20K. In its most recent filing year (2023), Maine Government Finance Officers Association reported a deficit of $9K, with expenses exceeding revenue. The organization holds $2K in liabilities against $20K in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $18K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $20K | $20K | $2K | — | — |
| 2021 | $9K | $7K | $8K | $0 | — | — |
| 2020 | $4K | $6K | $6K | $0 | — | — |
| 2019 | $8K | $8K | $9K | $0 | — | — |
| 2018 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $20K, and assets of $20K (revenue +27.1% year-over-year).
- 2021: Revenue of $9K, expenses of $7K, and assets of $8K (revenue +152.6% year-over-year).
- 2020: Revenue of $4K, expenses of $6K, and assets of $6K (revenue -56.6% year-over-year).
- 2019: Revenue of $8K, expenses of $8K, and assets of $9K.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Government Finance Officers Association:
Data Sources and Methodology
This transparency report for Maine Government Finance Officers Association 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.