Maine Hospital Association Inc
Maine Hospital Association consistently maintains financial stability with growing assets and no reported officer compensation.
EIN: 10266289 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $2.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $5.3M |
| Transparency Score | 85/100 |
Is Maine Hospital Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Hospital Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Hospital Association Inc
Maine Hospital Association Inc (EIN: 10266289) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $3.7M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Hospital Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Hospital Association Inc is a mid-size nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$29K |
| Total Assets | $7.0M |
| Total Liabilities | $1.7M |
| Net Assets | $5.3M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 23.8% |
| Months of Reserves | 31.6 months |
Financial Health Grade: A
In 2023, Maine Hospital Association Inc reported a surplus of $29K with revenue exceeding expenses, holds 31.6 months of operating reserves (strong position), has a debt-to-asset ratio of 23.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Hospital Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +12.7% | +9.9% |
| 2022 | -18.6% | -12.7% | -10.3% |
| 2021 | +2.4% | -12.1% | +13.3% |
| 2020 | +10.8% | +20.6% | +7.9% |
| 2019 | -1.0% | -2.4% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
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 Hospital 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 Hospital 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $2 million annually. This suggests that executive compensation may be reported under other expense categories, or that the organization relies on volunteer leadership, which would significantly impact its operational cost structure.
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 Hospital Association Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is categorized elsewhere, obscuring true executive costs.
Strengths
The following positive indicators were identified for Maine Hospital Association Inc:
- Consistent financial stability with revenues generally exceeding expenses over the past decade.
- Steady growth in assets, increasing from $3.89M in 2014 to $6.95M in 2023, indicating sound financial management.
- Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
- Manageable liability-to-asset ratio, indicating a healthy balance sheet.
Frequently Asked Questions about Maine Hospital Association Inc
Is Maine Hospital Association Inc a legitimate charity?
Maine Hospital Association Inc (EIN: 10266289) 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: $3.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Maine Hospital Association Inc spend its money?
Maine Hospital Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Hospital Association Inc tax-deductible?
Maine Hospital Association Inc is registered as a tax-exempt nonprofit (EIN: 10266289). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Hospital Association Inc CEO make?
Maine Hospital Association Inc's highest-compensated officer earns $2 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Hospital Association Inc's spending goes to programs?
Maine Hospital Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Hospital Association Inc located?
Maine Hospital Association Inc is headquartered in Augusta, Maine and files with the IRS under EIN 10266289.
How many years of IRS 990 filings does Maine Hospital Association Inc have?
Maine Hospital Association Inc 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 $3.7M in total revenue.
How does Maine Hospital Association Inc. compensate its executive leadership if officer compensation is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean executives are compensated through other means (e.g., as employees rather than officers), or the organization relies on volunteer leadership. Further investigation into their detailed expense statements would be needed to clarify this.
What is the specific breakdown of program, administrative, and fundraising expenses for Maine Hospital Association Inc.?
The provided data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency.
What is the primary source of revenue for Maine Hospital Association Inc.?
The provided data only lists total revenue. To understand the organization's financial sustainability, it would be beneficial to know the primary sources, such as membership dues, grants, or service fees.
Filing History
IRS 990 filing history for Maine Hospital Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Hospital Association Inc's revenue has grown by 4.8%, moving from $2.5M to $2.7M. Total assets increased by 154.2% over the same period, from $2.7M to $7.0M. Total functional expenses rose by 12.4%, from $2.3M to $2.6M. In its most recent filing year (2023), Maine Hospital Association Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $7.0M in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.6M | $7.0M | $1.7M | — | View 990 |
| 2022 | $2.5M | $2.3M | $6.3M | $1.4M | — | View 990 |
| 2021 | $3.1M | $2.7M | $7.1M | $1.6M | — | — |
| 2020 | $3.0M | $3.1M | $6.2M | $1.5M | — | — |
| 2019 | $2.7M | $2.5M | $5.8M | $1.2M | — | View 990 |
| 2018 | $2.8M | $2.6M | $5.6M | $1.2M | — | View 990 |
| 2017 | $2.7M | $2.5M | $4.7M | $540K | — | View 990 |
| 2016 | $2.3M | $2.4M | $4.2M | $494K | — | View 990 |
| 2015 | $2.6M | $2.5M | $4.0M | $419K | — | View 990 |
| 2014 | $3.2M | $3.1M | $3.9M | $555K | — | — |
| 2013 | $2.8M | $2.7M | $3.7M | $1.0M | — | View 990 |
| 2012 | $3.2M | $2.5M | $3.6M | $1.3M | — | View 990 |
| 2011 | $2.5M | $2.3M | $2.7M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.6M, and assets of $7.0M (revenue +5.7% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.3M, and assets of $6.3M (revenue -18.6% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.7M, and assets of $7.1M (revenue +2.4% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.1M, and assets of $6.2M (revenue +10.8% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.5M, and assets of $5.8M (revenue -1.0% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.6M, and assets of $5.6M (revenue +4.0% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.5M, and assets of $4.7M (revenue +12.9% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.4M, and assets of $4.2M (revenue -9.8% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.5M, and assets of $4.0M (revenue -19.2% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.1M, and assets of $3.9M (revenue +14.1% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.7M, and assets of $3.7M (revenue -13.0% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.5M, and assets of $3.6M (revenue +27.4% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Hospital Association Inc:
Data Sources and Methodology
This transparency report for Maine Hospital 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.