Maine Horse Association Inc

Maine Horse Association Inc. shows consistent asset growth and no executive compensation over the past decade.

EIN: 10283659 · Acton, ME · Updated: 2026-03-28

$0Revenue

$0Assets

85/100Mission Score (Excellent)

About Maine Horse Association Inc

Maine Horse Association Inc (EIN: 10283659) is a nonprofit organization based in Acton, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Horse Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Maine Horse Association Inc. demonstrates consistent financial activity over the past decade, with revenues generally exceeding expenses, leading to a steady growth in assets. For instance, in 2021, the organization reported revenues of $48,068 against expenses of $41,394, contributing to an asset base of $239,131. This indicates a fiscally responsible approach to managing its resources. The organization consistently reports zero liabilities, which is a strong indicator of financial stability and low risk.

While specific program spending ratios are not detailed in the provided summary, the consistent positive net income suggests that the organization is effectively managing its operational costs. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership, which can significantly reduce administrative overhead and maximize funds available for its mission. This commitment to volunteer leadership enhances its financial efficiency and transparency.

Overall, the Maine Horse Association Inc. appears to be a financially stable and well-managed organization, characterized by prudent financial practices and a strong asset base. The consistent growth in assets and the absence of liabilities or paid executive compensation are positive indicators of its long-term viability and commitment to its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Maine Horse Association Inc 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Maine Horse Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets growing to $239,131 in 2021.

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 Horse Association Inc's IRS 990 filings:

NTEE Code is unknown, limiting detailed programmatic comparison.

Strengths

The following positive indicators were identified for Maine Horse Association Inc:

Consistent asset growth over the past decade, from $123,494 in 2012 to $239,131 in 2021.
Zero officer compensation reported across all filings, indicating volunteer leadership.
Consistently positive net income (revenues exceeding expenses) in most years, such as $48,068 revenue vs. $41,394 expenses in 2021.
Minimal to zero liabilities reported, indicating strong financial health and low debt.
Steady revenue streams, demonstrating consistent support for its mission.

Frequently Asked Questions about Maine Horse Association Inc

Is Maine Horse Association Inc. financially stable?

Yes, the organization appears financially stable, consistently reporting revenues exceeding expenses and growing its assets from $123,494 in 2012 to $239,131 in 2021, while maintaining zero liabilities in most years.

Does Maine Horse Association Inc. pay its officers?

No, the IRS 990 filings consistently show 0% officer compensation, indicating a volunteer-led organization.

How has the organization's asset base changed over time?

The organization's assets have shown consistent growth, increasing from $123,494 in 2012 to $239,131 in 2021, demonstrating effective financial management and accumulation of resources.

Filing History

IRS 990 filing history for Maine Horse Association Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2021), Maine Horse Association Inc's revenue has grown by 239.8%, moving from $14K to $48K. Total assets increased by 110% over the same period, from $114K to $239K. Total functional expenses rose by 125%, from $18K to $41K. In its most recent filing year (2021), Maine Horse Association Inc reported a surplus of $7K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2021	$48K	$41K	$239K	$0	—	—
2020	$16K	$17K	$163K	$0	—	View 990
2019	$35K	$30K	$180K	$0	—	View 990
2018	$42K	$34K	$175K	$0	—	View 990
2017	$44K	$30K	$167K	$0	—	View 990
2016	$35K	$31K	$154K	$0	—	View 990
2015	$38K	$32K	$144K	$0	—	View 990
2014	$21K	$17K	$145K	$0	—	View 990
2013	$36K	$17K	$142K	$0	—	View 990
2012	$25K	$15K	$123K	$1K	—	View 990
2011	$14K	$18K	$114K	$1K	—	View 990

Year-by-Year Financial Summary

2021: Revenue of $48K, expenses of $41K, and assets of $239K (revenue +202.2% year-over-year).
2020: Revenue of $16K, expenses of $17K, and assets of $163K (revenue -54.7% year-over-year).
2019: Revenue of $35K, expenses of $30K, and assets of $180K (revenue -16.4% year-over-year).
2018: Revenue of $42K, expenses of $34K, and assets of $175K (revenue -3.9% year-over-year).
2017: Revenue of $44K, expenses of $30K, and assets of $167K (revenue +23.4% year-over-year).
2016: Revenue of $35K, expenses of $31K, and assets of $154K (revenue -6.4% year-over-year).
2015: Revenue of $38K, expenses of $32K, and assets of $144K (revenue +79.3% year-over-year).
2014: Revenue of $21K, expenses of $17K, and assets of $145K (revenue -41.7% year-over-year).
2013: Revenue of $36K, expenses of $17K, and assets of $142K (revenue +47.3% year-over-year).
2012: Revenue of $25K, expenses of $15K, and assets of $123K (revenue +74.0% year-over-year).
2011: Revenue of $14K, expenses of $18K, and assets of $114K.

Data Sources and Methodology

This transparency report for Maine Horse Association 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.