Maine Marine Trade Assn
Maine Marine Trade Assn consistently operates with volunteer leadership and balanced finances, showing minor deficits in recent years.
EIN: 10288275 · Rockland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $290K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $98K |
| Transparency Score | 85/100 |
Is Maine Marine Trade Assn Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Marine Trade Assn directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Marine Trade Assn
Maine Marine Trade Assn (EIN: 10288275) is a nonprofit organization based in Rockland, ME. The organization reported total revenue of $388K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Marine Trade Assn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Marine Trade Assn is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $282K |
| Total Expenses | $290K |
| Surplus / Deficit | $-7,719 |
| Total Assets | $103K |
| Total Liabilities | $5K |
| Net Assets | $98K |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Maine Marine Trade Assn reported a deficit of $8K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Marine Trade Assn's revenue has declined at a compound annual growth rate (CAGR) of -6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | -13.4% | -2.6% |
| 2022 | -36.7% | -36.0% | -10.2% |
| 2021 | -3.7% | -5.4% | +18.7% |
| 2020 | +4.3% | +16.0% | -6.1% |
| 2019 | +6.7% | -5.6% | +80.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Marine Trade Assn 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 Marine Trade Assn 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 deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization relies on volunteer leadership, which is highly commendable for an organization of its size with revenues typically ranging from $200,000 to over $500,000.
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 Marine Trade Assn's IRS 990 filings:
- Slight operational deficits in recent years (e.g., $7,719 in 202309, $1,558 in 202209), though minor in scale.
Strengths
The following positive indicators were identified for Maine Marine Trade Assn:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Long history of consistent financial reporting (13 filings).
- Generally balanced revenues and expenses over the past decade, demonstrating fiscal responsibility.
- Stable asset base providing a modest financial buffer.
Frequently Asked Questions about Maine Marine Trade Assn
Is Maine Marine Trade Assn a legitimate charity?
Maine Marine Trade Assn (EIN: 10288275) 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: $388K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Maine Marine Trade Assn spend its money?
Maine Marine Trade Assn directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Marine Trade Assn tax-deductible?
Maine Marine Trade Assn is registered as a tax-exempt nonprofit (EIN: 10288275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Marine Trade Assn CEO make?
Maine Marine Trade Assn's highest-compensated officer earns $200,000 annually. The organization reported $388K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Marine Trade Assn's spending goes to programs?
Maine Marine Trade Assn directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Marine Trade Assn located?
Maine Marine Trade Assn is headquartered in Rockland, Maine and files with the IRS under EIN 10288275.
How many years of IRS 990 filings does Maine Marine Trade Assn have?
Maine Marine Trade Assn 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 $388K in total revenue.
Is Maine Marine Trade Assn a good charity?
Based on the provided financial data, the Maine Marine Trade Assn appears to be a well-managed organization. Its consistent reporting of 0% officer compensation is a strong positive indicator of its commitment to its mission and efficient use of funds. While there have been minor operational deficits in some years, the overall financial health is stable, with assets providing a reasonable buffer.
How does the lack of officer compensation impact the organization?
The consistent lack of officer compensation means that the organization's leadership is likely volunteer-based. This significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards its programs and mission. It also signals a strong dedication from its leadership.
What is the trend in the organization's revenue and expenses?
Over the past decade, the organization's revenue and expenses have generally been closely matched, indicating a lean operational model. Revenues peaked around $546,573 in 202009 and have since seen some fluctuation, with the latest period (202309) showing revenues of $282,271 and expenses of $289,990, resulting in a slight deficit.
Is the organization financially stable?
Yes, the organization appears financially stable. While it has experienced minor operational deficits in some years, its assets of $103,437 (202309) provide a reasonable reserve. The consistent balance between revenue and expenses over a long period suggests prudent financial management.
Filing History
IRS 990 filing history for Maine Marine Trade Assn showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Marine Trade Assn's revenue has declined by 55.2%, moving from $629K to $282K. Total assets decreased by 18.9% over the same period, from $128K to $103K. Total functional expenses fell by 58%, from $691K to $290K. In its most recent filing year (2023), Maine Marine Trade Assn reported a deficit of $8K, with expenses exceeding revenue. The organization holds $5K in liabilities against $103K in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $98K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $282K | $290K | $103K | $5K | — | View 990 |
| 2022 | $333K | $335K | $106K | $0 | — | View 990 |
| 2021 | $526K | $523K | $118K | $10K | — | View 990 |
| 2020 | $547K | $553K | $100K | $0 | — | — |
| 2019 | $524K | $477K | $106K | $0 | — | View 990 |
| 2018 | $491K | $505K | $59K | $0 | — | View 990 |
| 2017 | $205K | $203K | $73K | $0 | — | View 990 |
| 2016 | $224K | $210K | $71K | $0 | — | View 990 |
| 2015 | $239K | $241K | $58K | $1K | — | View 990 |
| 2014 | $172K | $181K | $60K | $0 | — | View 990 |
| 2013 | $351K | $387K | $69K | $0 | — | View 990 |
| 2012 | $355K | $377K | $105K | $0 | — | View 990 |
| 2011 | $629K | $691K | $128K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $282K, expenses of $290K, and assets of $103K (revenue -15.3% year-over-year).
- 2022: Revenue of $333K, expenses of $335K, and assets of $106K (revenue -36.7% year-over-year).
- 2021: Revenue of $526K, expenses of $523K, and assets of $118K (revenue -3.7% year-over-year).
- 2020: Revenue of $547K, expenses of $553K, and assets of $100K (revenue +4.3% year-over-year).
- 2019: Revenue of $524K, expenses of $477K, and assets of $106K (revenue +6.7% year-over-year).
- 2018: Revenue of $491K, expenses of $505K, and assets of $59K (revenue +140.1% year-over-year).
- 2017: Revenue of $205K, expenses of $203K, and assets of $73K (revenue -8.6% year-over-year).
- 2016: Revenue of $224K, expenses of $210K, and assets of $71K (revenue -6.3% year-over-year).
- 2015: Revenue of $239K, expenses of $241K, and assets of $58K (revenue +38.8% year-over-year).
- 2014: Revenue of $172K, expenses of $181K, and assets of $60K (revenue -51.0% year-over-year).
- 2013: Revenue of $351K, expenses of $387K, and assets of $69K (revenue -1.1% year-over-year).
- 2012: Revenue of $355K, expenses of $377K, and assets of $105K (revenue -43.7% year-over-year).
- 2011: Revenue of $629K, expenses of $691K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Marine Trade Assn:
Data Sources and Methodology
This transparency report for Maine Marine Trade Assn 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.