Maine Health Care Assoc
Maine Health Care Assoc consistently generates surpluses and grows assets with no reported officer compensation.
EIN: 10283794 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $990K |
| Program Spending | 80% |
| Net Assets | $817K |
| Transparency Score | 85/100 |
Is Maine Health Care Assoc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Health Care Assoc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Health Care Assoc
Maine Health Care Assoc (EIN: 10283794) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $1.1M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Health Care Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Health Care Assoc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $990K |
| Surplus / Deficit | +$85K |
| Total Assets | $1.2M |
| Total Liabilities | $353K |
| Net Assets | $817K |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 30.2% |
| Months of Reserves | 14.2 months |
Financial Health Grade: A
In 2023, Maine Health Care Assoc reported a surplus of $85K with revenue exceeding expenses, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 30.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Health Care Assoc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +15.0% | +20.4% |
| 2022 | +20.5% | -1.3% | +7.5% |
| 2021 | -20.6% | -26.3% | +27.1% |
| 2020 | -9.5% | -6.8% | -13.8% |
| 2019 | +8.1% | +9.4% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
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 Care Assoc 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: 80%
- fundraising: 5%
According to IRS 990 filings, Maine Health Care Assoc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting either a volunteer leadership model or that compensation is reported under other expense categories, warranting further investigation for full transparency.
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 Health Care Assoc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
- Consistent 0% officer compensation is unusual for an organization of this size and could indicate compensation is reported in other categories, potentially obscuring true leadership costs.
Strengths
The following positive indicators were identified for Maine Health Care Assoc:
- Consistent generation of financial surpluses, with revenue exceeding expenses in most years (e.g., $1,074,738 revenue vs. $989,879 expenses in 2023).
- Strong and consistent growth in assets over the past decade, from $675,774 in 2014 to $1,169,775 in 2023.
- Manageable liabilities relative to assets, indicating financial stability.
- No reported officer compensation across all filings, suggesting efficient use of funds or a volunteer-led structure.
Frequently Asked Questions about Maine Health Care Assoc
Is Maine Health Care Assoc a legitimate charity?
Maine Health Care Assoc (EIN: 10283794) 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: $1.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Maine Health Care Assoc spend its money?
Maine Health Care Assoc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Health Care Assoc tax-deductible?
Maine Health Care Assoc is registered as a tax-exempt nonprofit (EIN: 10283794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Health Care Assoc's spending goes to programs?
Maine Health Care Assoc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Health Care Assoc located?
Maine Health Care Assoc is headquartered in Augusta, Maine and files with the IRS under EIN 10283794.
How many years of IRS 990 filings does Maine Health Care Assoc have?
Maine Health Care Assoc 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 $1.1M in total revenue.
Is Maine Health Care Assoc a good charity?
Based on its financial stability, consistent asset growth, and the absence of reported officer compensation, Maine Health Care Assoc appears to be a well-managed organization. However, without detailed program spending data, a full assessment of its charitable impact is limited.
How does Maine Health Care Assoc manage its finances?
The organization consistently generates more revenue than expenses, leading to a healthy surplus and growth in assets. For example, in 2023, revenue was $1,074,738 and expenses were $989,879. Liabilities are also well-managed relative to assets.
What is the trend in Maine Health Care Assoc's assets?
Maine Health Care Assoc has shown a strong upward trend in assets, growing from $675,774 in 2014 to $1,169,775 in 2023, indicating financial strength and accumulation of resources.
Does Maine Health Care Assoc pay its officers?
According to the IRS 990 filings provided, Maine Health Care Assoc consistently reports 0% officer compensation, which is a notable point for transparency and resource allocation.
Filing History
IRS 990 filing history for Maine Health Care Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Health Care Assoc's revenue has declined by 9.5%, moving from $1.2M to $1.1M. Total assets increased by 84.7% over the same period, from $633K to $1.2M. Total functional expenses fell by 13.3%, from $1.1M to $990K. In its most recent filing year (2023), Maine Health Care Assoc reported a surplus of $85K, with revenue exceeding expenses. The organization holds $353K in liabilities against $1.2M in assets (debt-to-asset ratio: 30.2%), resulting in net assets of $817K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $990K | $1.2M | $353K | — | View 990 |
| 2022 | $1.1M | $861K | $972K | $240K | — | View 990 |
| 2021 | $917K | $873K | $904K | $415K | — | — |
| 2020 | $1.2M | $1.2M | $711K | $267K | — | — |
| 2019 | $1.3M | $1.3M | $825K | $352K | — | View 990 |
| 2018 | $1.2M | $1.2M | $710K | $244K | — | View 990 |
| 2017 | $1.2M | $1.2M | $723K | $278K | — | View 990 |
| 2016 | $1.1M | $1.2M | $666K | $296K | — | View 990 |
| 2015 | $1.3M | $1.2M | $840K | $416K | — | View 990 |
| 2014 | $1.2M | $1.2M | $676K | $355K | — | View 990 |
| 2013 | $1.2M | $1.2M | $752K | $446K | — | View 990 |
| 2012 | $1.2M | $1.2M | $706K | $387K | — | View 990 |
| 2011 | $1.2M | $1.1M | $633K | $363K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $990K, and assets of $1.2M (revenue -2.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $861K, and assets of $972K (revenue +20.5% year-over-year).
- 2021: Revenue of $917K, expenses of $873K, and assets of $904K (revenue -20.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $711K (revenue -9.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $825K (revenue +8.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $710K (revenue -5.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $723K (revenue +10.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $666K (revenue -10.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $840K (revenue +5.1% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $676K (revenue +2.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $752K (revenue -3.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $706K (revenue +2.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $633K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Health Care Assoc:
Data Sources and Methodology
This transparency report for Maine Health Care Assoc 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.