Maine Optometric Association
Maine Optometric Association maintains stable finances with growing assets and no reported officer compensation.
EIN: 10366667 · West Enfield, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $414K |
| Total Expenses | $318K |
| Program Spending | 70% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Maine Optometric Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Optometric Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maine Optometric Association
Maine Optometric Association (EIN: 10366667) is a nonprofit organization based in West Enfield, ME. The organization reported total revenue of $414K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Optometric Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Optometric Association is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $338K |
| Total Expenses | $318K |
| Surplus / Deficit | +$21K |
| Total Assets | $1.2M |
| Total Liabilities | $78K |
| Net Assets | $1.2M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 47.2 months |
Financial Health Grade: A
In 2023, Maine Optometric Association reported a surplus of $21K with revenue exceeding expenses, holds 47.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Optometric Association's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | -13.2% | +26.5% |
| 2022 | +12.0% | +39.6% | -20.4% |
| 2021 | -12.9% | -28.2% | +22.4% |
| 2020 | -0.8% | -18.9% | +38.8% |
| 2019 | -43.5% | -12.1% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
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 Optometric Association 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Maine Optometric Association allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.
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 Optometric Association's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
The following positive indicators were identified for Maine Optometric Association:
- Consistent 0% officer compensation
- Healthy growth in assets over the past decade (from $569,184 in 2014 to $1,249,423 in 2023)
- Generally stable revenue and expense management
- Low liabilities relative to assets
Frequently Asked Questions about Maine Optometric Association
Is Maine Optometric Association a legitimate charity?
Maine Optometric Association (EIN: 10366667) 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: $414K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Maine Optometric Association spend its money?
Maine Optometric Association directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Maine Optometric Association tax-deductible?
Maine Optometric Association is registered as a tax-exempt nonprofit (EIN: 10366667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Optometric Association's spending goes to programs?
Maine Optometric Association directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Maine Optometric Association located?
Maine Optometric Association is headquartered in West Enfield, Maine and files with the IRS under EIN 10366667.
How many years of IRS 990 filings does Maine Optometric Association have?
Maine Optometric Association 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 $414K in total revenue.
Is the Maine Optometric Association financially stable?
Yes, the organization appears financially stable, consistently managing revenues and expenses, and demonstrating growth in assets from $569,184 in 2014 to $1,249,423 in 2023.
Does the organization pay its officers?
Based on the IRS 990 filings, the organization consistently reports 0% officer compensation, suggesting that officers are not paid or are volunteers.
How has the organization's asset base changed over time?
The organization's assets have shown significant growth, increasing from $569,184 in 2014 to $1,249,423 in 2023, indicating a healthy accumulation of reserves.
Filing History
IRS 990 filing history for Maine Optometric Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Optometric Association's revenue has declined by 20.4%, moving from $425K to $338K. Total assets increased by 169.9% over the same period, from $463K to $1.2M. Total functional expenses fell by 19.6%, from $395K to $318K. In its most recent filing year (2023), Maine Optometric Association reported a surplus of $21K, with revenue exceeding expenses. The organization holds $78K in liabilities against $1.2M in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $338K | $318K | $1.2M | $78K | — | — |
| 2022 | $333K | $366K | $988K | $79K | — | — |
| 2021 | $297K | $262K | $1.2M | $82K | — | View 990 |
| 2020 | $342K | $365K | $1.0M | $87K | — | — |
| 2019 | $344K | $451K | $731K | $69K | — | View 990 |
| 2018 | $609K | $513K | $701K | $84K | — | View 990 |
| 2017 | $457K | $487K | $622K | $86K | — | View 990 |
| 2016 | $459K | $428K | $563K | $56K | — | View 990 |
| 2015 | $429K | $478K | $526K | $64K | — | View 990 |
| 2014 | $414K | $399K | $569K | $52K | — | View 990 |
| 2013 | $421K | $394K | $520K | $53K | — | View 990 |
| 2012 | $414K | $390K | $480K | $47K | — | View 990 |
| 2011 | $425K | $395K | $463K | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $338K, expenses of $318K, and assets of $1.2M (revenue +1.6% year-over-year).
- 2022: Revenue of $333K, expenses of $366K, and assets of $988K (revenue +12.0% year-over-year).
- 2021: Revenue of $297K, expenses of $262K, and assets of $1.2M (revenue -12.9% year-over-year).
- 2020: Revenue of $342K, expenses of $365K, and assets of $1.0M (revenue -0.8% year-over-year).
- 2019: Revenue of $344K, expenses of $451K, and assets of $731K (revenue -43.5% year-over-year).
- 2018: Revenue of $609K, expenses of $513K, and assets of $701K (revenue +33.3% year-over-year).
- 2017: Revenue of $457K, expenses of $487K, and assets of $622K (revenue -0.6% year-over-year).
- 2016: Revenue of $459K, expenses of $428K, and assets of $563K (revenue +7.1% year-over-year).
- 2015: Revenue of $429K, expenses of $478K, and assets of $526K (revenue +3.6% year-over-year).
- 2014: Revenue of $414K, expenses of $399K, and assets of $569K (revenue -1.8% year-over-year).
- 2013: Revenue of $421K, expenses of $394K, and assets of $520K (revenue +1.8% year-over-year).
- 2012: Revenue of $414K, expenses of $390K, and assets of $480K (revenue -2.6% year-over-year).
- 2011: Revenue of $425K, expenses of $395K, and assets of $463K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Optometric Association:
Data Sources and Methodology
This transparency report for Maine Optometric Association 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.