Maine Skiing Inc
Maine Skiing Inc maintains stable operations with consistent revenue and expenses, zero reported officer compensation, and growing assets.
EIN: 10473396 · Farmington, ME · NTEE: N68C · Updated: 2026-03-28
Is Maine Skiing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Skiing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Skiing Inc
Maine Skiing Inc (EIN: 10473396) is a nonprofit organization based in Farmington, ME, classified under NTEE code N68C. The organization reported total revenue of $305K and total assets of $146K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Skiing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Skiing Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $301K |
| Surplus / Deficit | +$15K |
| Total Assets | $143K |
| Net Assets | $143K |
| Operating Margin | 4.8% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2024, Maine Skiing Inc reported a surplus of $15K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2024), Maine Skiing Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.6% | +1.1% | +11.9% |
| 2023 | -2.6% | +14.2% | +1.4% |
| 2022 | +56.5% | +74.5% | -37.6% |
| 2021 | -35.6% | -51.2% | +523.4% |
| 2020 | -3.6% | +5.1% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Skiing 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 Skiing 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Maine Skiing Inc consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led organization or that compensation levels are below IRS reporting thresholds, which can be a positive for maximizing funds for programs.
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 Skiing Inc's IRS 990 filings:
- Lack of detailed expense breakdown in available data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Maine Skiing Inc:
- Consistent financial stability with revenues generally matching expenses over a decade.
- Zero reported officer compensation across all filings, suggesting efficient use of funds for mission.
- Very low to zero liabilities, indicating strong fiscal health and minimal debt.
- Positive trend in asset growth in recent years, from $32,399 in 2020 to $143,012 in 2024.
- Consistent filing of IRS 990s over 13 periods demonstrates commitment to transparency and compliance.
Frequently Asked Questions about Maine Skiing Inc
Is Maine Skiing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Skiing Inc (EIN: 10473396) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Maine Skiing Inc spend its money?
Maine Skiing Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Skiing Inc tax-deductible?
Maine Skiing Inc is registered as a tax-exempt nonprofit (EIN: 10473396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Maine Skiing Inc a good charity?
Based on the available IRS 990 data, Maine Skiing Inc appears to be a financially responsible organization. It consistently operates with revenues closely matching expenses, maintains low to zero liabilities, and has shown recent asset growth. The absence of reported officer compensation is also a positive indicator for donor funds directly supporting the mission. However, without detailed expense breakdowns, a full assessment of program efficiency is limited.
How does Maine Skiing Inc manage its assets and liabilities?
Maine Skiing Inc has demonstrated strong asset management, with assets growing from $32,399 in 2020 to $143,012 in 2024. Liabilities have consistently been reported as $0 or very low (e.g., $162 in 2020), indicating a very healthy balance sheet with minimal debt.
What is the trend in Maine Skiing Inc's revenue and expenses?
Maine Skiing Inc has maintained a remarkably consistent revenue and expense profile over the past decade, generally fluctuating around the $300,000 mark. For example, in 2024, revenue was $315,761 and expenses were $300,518, showing a slight surplus. This consistency suggests stable operations.
Filing History
IRS 990 filing history for Maine Skiing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Maine Skiing Inc's revenue has grown by 29.4%, moving from $244K to $316K. Total assets increased by 20070.9% over the same period, from $709 to $143K. Total functional expenses rose by 13.2%, from $265K to $301K. In its most recent filing year (2024), Maine Skiing Inc reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $316K | $301K | $143K | $0 | — | — |
| 2023 | $299K | $297K | $128K | $0 | — | — |
| 2022 | $307K | $260K | $126K | $0 | — | View 990 |
| 2021 | $196K | $149K | $202K | $123K | — | View 990 |
| 2020 | $305K | $306K | $32K | $162 | — | View 990 |
| 2019 | $316K | $291K | $33K | $162 | — | View 990 |
| 2018 | $311K | $305K | $11K | $3K | — | — |
| 2017 | $297K | $294K | $4K | $2K | — | View 990 |
| 2016 | $277K | $287K | $262 | $1K | — | View 990 |
| 2015 | $308K | $301K | $9K | $0 | — | View 990 |
| 2014 | $283K | $296K | $3K | $0 | — | View 990 |
| 2013 | $287K | $272K | $15K | $0 | — | View 990 |
| 2012 | $244K | $265K | $709 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $316K, expenses of $301K, and assets of $143K (revenue +5.6% year-over-year).
- 2023: Revenue of $299K, expenses of $297K, and assets of $128K (revenue -2.6% year-over-year).
- 2022: Revenue of $307K, expenses of $260K, and assets of $126K (revenue +56.5% year-over-year).
- 2021: Revenue of $196K, expenses of $149K, and assets of $202K (revenue -35.6% year-over-year).
- 2020: Revenue of $305K, expenses of $306K, and assets of $32K (revenue -3.6% year-over-year).
- 2019: Revenue of $316K, expenses of $291K, and assets of $33K (revenue +1.6% year-over-year).
- 2018: Revenue of $311K, expenses of $305K, and assets of $11K (revenue +4.7% year-over-year).
- 2017: Revenue of $297K, expenses of $294K, and assets of $4K (revenue +7.2% year-over-year).
- 2016: Revenue of $277K, expenses of $287K, and assets of $262 (revenue -9.8% year-over-year).
- 2015: Revenue of $308K, expenses of $301K, and assets of $9K (revenue +8.8% year-over-year).
- 2014: Revenue of $283K, expenses of $296K, and assets of $3K (revenue -1.3% year-over-year).
- 2013: Revenue of $287K, expenses of $272K, and assets of $15K (revenue +17.4% year-over-year).
- 2012: Revenue of $244K, expenses of $265K, and assets of $709.
Data Sources and Methodology
This transparency report for Maine Skiing 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.