Maine Health Access Foundation Inc
Maine Health Access Foundation Inc maintains strong assets and reports zero officer compensation across all filings.
EIN: 10535144 · Augusta, ME · NTEE: E12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $142.1M |
| Total Expenses | $8.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $144 |
| Net Assets | $137.6M |
| Transparency Score | 95/100 |
Is Maine Health Access Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Health Access Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Health Access Foundation Inc
Maine Health Access Foundation Inc (EIN: 10535144) is a nonprofit organization based in Augusta, ME, classified under NTEE code E12. The organization reported total revenue of $142.1M and total assets of $154.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Health Access Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Health Access Foundation Inc is a major nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.6M |
| Total Expenses | $8.8M |
| Surplus / Deficit | +$5.9M |
| Total Assets | $144.3M |
| Total Liabilities | $6.7M |
| Net Assets | $137.6M |
| Operating Margin | 40.0% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 197.2 months |
Financial Health Grade: A
In 2023, Maine Health Access Foundation Inc reported a surplus of $5.9M with revenue exceeding expenses, holds 197.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Maine Health Access Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.6% | -22.7% | +18.9% |
| 2022 | +8.6% | +19.4% | -18.5% |
| 2021 | +308.1% | +41.2% | +9.3% |
| 2020 | +919.5% | -6.4% | +8.3% |
| 2019 | -96.2% | +16.9% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Health Access Foundation Inc with a Mission Score of 95 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 Health Access Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets exceeding $144 million and suggests a strong commitment to directing funds towards its mission.
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.
Strengths
The following positive indicators were identified for Maine Health Access Foundation Inc:
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Strong and growing asset base, reaching $144,323,858 in 202312, demonstrating financial stability.
- Consistent surplus in recent years (e.g., $14,634,624 revenue vs. $8,783,121 expenses in 202312), showing effective financial management.
- Regular and consistent IRS 990 filings over 10 periods, indicating strong transparency.
- Low liabilities relative to assets (e.g., $6,739,033 liabilities vs. $144,323,858 assets in 202312), suggesting minimal financial risk.
Frequently Asked Questions about Maine Health Access Foundation Inc
Is Maine Health Access Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Health Access Foundation Inc (EIN: 10535144) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Maine Health Access Foundation Inc spend its money?
Maine Health Access Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Health Access Foundation Inc tax-deductible?
Maine Health Access Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10535144). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Health Access Foundation Inc CEO make?
Maine Health Access Foundation Inc's highest-compensated officer earns $144 annually. The organization reported $142.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Maine Health Access Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Maine Health Access Foundation Inc is above average for NTEE category E12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Health Access Foundation Inc located?
Maine Health Access Foundation Inc is headquartered in Augusta, Maine and files with the IRS under EIN 10535144. It is classified under NTEE code E12.
How many years of IRS 990 filings does Maine Health Access Foundation Inc have?
Maine Health Access Foundation Inc has 10 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 $142.1M in total revenue.
Is Maine Health Access Foundation Inc a good charity?
Based on the available IRS 990 data, Maine Health Access Foundation Inc appears to be a very good charity. It maintains a strong financial position with substantial assets ($144,323,858 in 202312), consistently operates with a surplus, and notably reports 0% officer compensation across all filings, indicating a high dedication to its mission.
How does the organization manage its expenses relative to revenue?
In most recent periods, the organization's revenue has exceeded its expenses, indicating effective financial management. For example, in 202312, revenue was $14,634,624 while expenses were $8,783,121, resulting in a significant surplus.
What is the trend in the organization's assets?
The organization's assets have shown consistent growth and stability over the years, increasing from $105,475,609 in 201112 to $144,323,858 in 202312, demonstrating strong financial health and capacity.
Filing History
IRS 990 filing history for Maine Health Access Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Maine Health Access Foundation Inc's revenue has grown by 155.3%, moving from $5.7M to $14.6M. Total assets increased by 36.8% over the same period, from $105.5M to $144.3M. Total functional expenses rose by 141.3%, from $3.6M to $8.8M. In its most recent filing year (2023), Maine Health Access Foundation Inc reported a surplus of $5.9M, with revenue exceeding expenses. The organization holds $6.7M in liabilities against $144.3M in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $137.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.6M | $8.8M | $144.3M | $6.7M | — | View 990 |
| 2022 | $16.7M | $11.4M | $121.4M | $6.8M | — | View 990 |
| 2021 | $15.4M | $9.5M | $148.9M | $3.1M | — | View 990 |
| 2020 | $3.8M | $6.7M | $136.2M | $553K | — | View 990 |
| 2019 | $370K | $7.2M | $125.8M | $1.3M | — | View 990 |
| 2015 | $9.8M | $6.2M | $112.4M | $1.8M | — | View 990 |
| 2014 | $9.5M | $5.9M | $123.7M | $2.5M | — | View 990 |
| 2013 | $14.3M | $7.2M | $124.6M | $2.6M | — | View 990 |
| 2012 | $3.6M | $5.9M | $113.2M | $1.5M | — | View 990 |
| 2011 | $5.7M | $3.6M | $105.5M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.6M, expenses of $8.8M, and assets of $144.3M (revenue -12.6% year-over-year).
- 2022: Revenue of $16.7M, expenses of $11.4M, and assets of $121.4M (revenue +8.6% year-over-year).
- 2021: Revenue of $15.4M, expenses of $9.5M, and assets of $148.9M (revenue +308.1% year-over-year).
- 2020: Revenue of $3.8M, expenses of $6.7M, and assets of $136.2M (revenue +919.5% year-over-year).
- 2019: Revenue of $370K, expenses of $7.2M, and assets of $125.8M (revenue -96.2% year-over-year).
- 2015: Revenue of $9.8M, expenses of $6.2M, and assets of $112.4M (revenue +3.7% year-over-year).
- 2014: Revenue of $9.5M, expenses of $5.9M, and assets of $123.7M (revenue -34.0% year-over-year).
- 2013: Revenue of $14.3M, expenses of $7.2M, and assets of $124.6M (revenue +302.9% year-over-year).
- 2012: Revenue of $3.6M, expenses of $5.9M, and assets of $113.2M (revenue -38.0% year-over-year).
- 2011: Revenue of $5.7M, expenses of $3.6M, and assets of $105.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Health Access Foundation Inc:
Data Sources and Methodology
This transparency report for Maine Health Access Foundation Inc 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.