Maine Motor Transport Association Inc
Maine Motor Transport Association consistently generates surplus revenue and has zero reported officer compensation.
EIN: 10361328 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $5.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $9.2M |
| Transparency Score | 85/100 |
Is Maine Motor Transport 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 Motor Transport Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Motor Transport Association Inc
Maine Motor Transport Association Inc (EIN: 10361328) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $5.8M and total assets of $13.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Motor Transport Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Motor Transport Association Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $5.3M |
| Surplus / Deficit | +$297K |
| Total Assets | $10.3M |
| Total Liabilities | $1.1M |
| Net Assets | $9.2M |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 11.0% |
| Months of Reserves | 23.3 months |
Financial Health Grade: A
In 2023, Maine Motor Transport Association Inc reported a surplus of $297K with revenue exceeding expenses, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 11.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Motor Transport Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | -3.8% | +17.7% |
| 2022 | +0.3% | +5.2% | -11.5% |
| 2021 | -8.1% | -6.7% | +36.8% |
| 2020 | -3.6% | -5.3% | +10.6% |
| 2019 | -4.6% | -0.7% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 Motor Transport 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 Motor Transport 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 $297K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with revenues exceeding $5 million annually. This suggests either a fully volunteer leadership or that compensation is categorized differently and not explicitly reported as 'Officer Comp' on the 990, which could warrant further investigation for complete 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 Motor Transport Association Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, potentially indicating compensation is reported elsewhere or a unique volunteer structure.
Strengths
The following positive indicators were identified for Maine Motor Transport Association Inc:
- Consistent positive net income, indicating strong financial management.
- Steady growth in assets over the past decade, from $4.1 million in 2014 to $10.3 million in 2023.
- Liabilities are stable and well-managed relative to growing assets.
- Zero reported officer compensation across all filings, suggesting efficient use of funds or a volunteer-driven leadership.
Frequently Asked Questions about Maine Motor Transport Association Inc
Is Maine Motor Transport Association Inc a legitimate charity?
Maine Motor Transport Association Inc (EIN: 10361328) 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: $5.8M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Maine Motor Transport Association Inc spend its money?
Maine Motor Transport Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Motor Transport Association Inc tax-deductible?
Maine Motor Transport Association Inc is registered as a tax-exempt nonprofit (EIN: 10361328). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Motor Transport Association Inc CEO make?
Maine Motor Transport Association Inc's highest-compensated officer earns $5 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Motor Transport Association Inc's spending goes to programs?
Maine Motor Transport Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Motor Transport Association Inc located?
Maine Motor Transport Association Inc is headquartered in Augusta, Maine and files with the IRS under EIN 10361328.
How many years of IRS 990 filings does Maine Motor Transport Association Inc have?
Maine Motor Transport 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 $5.8M in total revenue.
Is Maine Motor Transport Association Inc a good charity?
Based on its consistent financial surpluses, growing assets, and zero reported officer compensation, the organization appears to be well-managed financially. However, without a detailed breakdown of program vs. administrative expenses, a full assessment of its charitable impact is limited.
How does the organization manage its liabilities?
The organization's liabilities have remained relatively stable, ranging from $1.09 million to $1.34 million over the past decade, while assets have significantly grown from $4.1 million to $10.3 million. This indicates a healthy and manageable debt-to-asset ratio.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated but generally remained above expenses, leading to consistent surpluses. For example, in 2023, revenue was $5,615,436 against expenses of $5,318,381, continuing a trend of positive net income over the past decade.
Filing History
IRS 990 filing history for Maine Motor Transport Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Motor Transport Association Inc's revenue has grown by 8.9%, moving from $5.2M to $5.6M. Total assets increased by 218% over the same period, from $3.3M to $10.3M. Total functional expenses rose by 7.8%, from $4.9M to $5.3M. In its most recent filing year (2023), Maine Motor Transport Association Inc reported a surplus of $297K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $10.3M in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $5.3M | $10.3M | $1.1M | — | View 990 |
| 2022 | $5.7M | $5.5M | $8.8M | $1.1M | — | View 990 |
| 2021 | $5.7M | $5.3M | $9.9M | $1.1M | — | View 990 |
| 2020 | $6.2M | $5.6M | $7.3M | $1.2M | — | View 990 |
| 2019 | $6.4M | $5.9M | $6.6M | $1.3M | — | View 990 |
| 2018 | $6.7M | $6.0M | $5.8M | $1.3M | — | View 990 |
| 2017 | $6.4M | $6.1M | $5.2M | $1.3M | — | View 990 |
| 2016 | $6.3M | $5.9M | $4.6M | $1.3M | — | View 990 |
| 2015 | $6.0M | $5.7M | $4.5M | $1.3M | — | View 990 |
| 2014 | $5.9M | $5.7M | $4.1M | $1.2M | — | View 990 |
| 2013 | $5.6M | $5.4M | $3.7M | $1.2M | — | View 990 |
| 2012 | $5.1M | $4.9M | $3.3M | $955K | — | View 990 |
| 2011 | $5.2M | $4.9M | $3.3M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $5.3M, and assets of $10.3M (revenue -0.9% year-over-year).
- 2022: Revenue of $5.7M, expenses of $5.5M, and assets of $8.8M (revenue +0.3% year-over-year).
- 2021: Revenue of $5.7M, expenses of $5.3M, and assets of $9.9M (revenue -8.1% year-over-year).
- 2020: Revenue of $6.2M, expenses of $5.6M, and assets of $7.3M (revenue -3.6% year-over-year).
- 2019: Revenue of $6.4M, expenses of $5.9M, and assets of $6.6M (revenue -4.6% year-over-year).
- 2018: Revenue of $6.7M, expenses of $6.0M, and assets of $5.8M (revenue +5.3% year-over-year).
- 2017: Revenue of $6.4M, expenses of $6.1M, and assets of $5.2M (revenue +0.6% year-over-year).
- 2016: Revenue of $6.3M, expenses of $5.9M, and assets of $4.6M (revenue +5.9% year-over-year).
- 2015: Revenue of $6.0M, expenses of $5.7M, and assets of $4.5M (revenue +1.1% year-over-year).
- 2014: Revenue of $5.9M, expenses of $5.7M, and assets of $4.1M (revenue +6.3% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.4M, and assets of $3.7M (revenue +9.2% year-over-year).
- 2012: Revenue of $5.1M, expenses of $4.9M, and assets of $3.3M (revenue -1.4% year-over-year).
- 2011: Revenue of $5.2M, expenses of $4.9M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Motor Transport Association Inc:
Data Sources and Methodology
This transparency report for Maine Motor Transport 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.