Maine Society Of Health System Pharmacists
Maine Society Of Health System Pharmacists shows historical financial stability but current filings report zero revenue and assets.
EIN: 10378461 · Augusta, ME · NTEE: G03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $48K |
| Program Spending | 80% |
| Net Assets | $58K |
| Transparency Score | 70/100 |
Is Maine Society Of Health System Pharmacists Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Society Of Health System Pharmacists directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Society Of Health System Pharmacists
Maine Society Of Health System Pharmacists (EIN: 10378461) is a nonprofit organization based in Augusta, ME, classified under NTEE code G03. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Society Of Health System Pharmacists's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Society Of Health System Pharmacists is a micro nonprofit that has been operating for 3 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $48K |
| Surplus / Deficit | +$4K |
| Total Assets | $58K |
| Net Assets | $58K |
| Operating Margin | 8.2% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2018, Maine Society Of Health System Pharmacists reported a surplus of $4K with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2018), Maine Society Of Health System Pharmacists's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +44.7% | +62.8% | +8.0% |
| 2017 | -23.3% | -36.5% | +14.3% |
| 2016 | +23.2% | -14.9% | +1.5% |
| 2015 | -11.8% | +9.8% | -26.1% |
| 2014 | +8.1% | +4.9% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
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 Society Of Health System Pharmacists with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Maine Society Of Health System Pharmacists allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
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 Society Of Health System Pharmacists's IRS 990 filings:
- Latest filings report $0 revenue and $0 assets, indicating potential inactivity or significant operational changes.
- Expenses occasionally exceeded revenue in historical periods (e.g., 201512: Revenue=$38,513, Expenses=$54,959), suggesting reliance on reserves or fluctuating financial planning.
Strengths
The following positive indicators were identified for Maine Society Of Health System Pharmacists:
- Consistent 0% officer compensation across all filings, demonstrating strong volunteer commitment and efficient use of funds.
- No reported liabilities in any filing, indicating sound financial management and no outstanding debt.
- Historically maintained a stable asset base, ranging from $46,515 to $79,717, before the recent $0 report.
Frequently Asked Questions about Maine Society Of Health System Pharmacists
Is Maine Society Of Health System Pharmacists a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Society Of Health System Pharmacists (EIN: 10378461) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Maine Society Of Health System Pharmacists spend its money?
Maine Society Of Health System Pharmacists directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Society Of Health System Pharmacists tax-deductible?
Maine Society Of Health System Pharmacists is registered as a tax-exempt nonprofit (EIN: 10378461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Society Of Health System Pharmacists's spending goes to programs?
Maine Society Of Health System Pharmacists directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Society Of Health System Pharmacists compare to similar nonprofits?
With a transparency score of 70/100 (Good), Maine Society Of Health System Pharmacists is above average for NTEE category G03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Society Of Health System Pharmacists located?
Maine Society Of Health System Pharmacists is headquartered in Augusta, Maine and files with the IRS under EIN 10378461. It is classified under NTEE code G03.
How many years of IRS 990 filings does Maine Society Of Health System Pharmacists have?
Maine Society Of Health System Pharmacists has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Maine Society Of Health System Pharmacists a good charity?
Historically, the organization demonstrated good financial management for a small professional society, with no officer compensation and consistent revenue/expense levels. However, the latest filings showing $0 revenue and assets raise serious questions about its current operational status, making it difficult to definitively assess its current 'goodness' without more information.
What caused the sudden drop to $0 revenue and assets in the latest filing?
The provided data does not offer an explanation for the sudden drop to $0 revenue and assets. This could indicate inactivity, dissolution, or a change in reporting structure not detailed in the available information.
How does the organization fund its activities without officer compensation?
The organization appears to be run entirely by volunteers, as indicated by 0% officer compensation across all filings. Its activities were historically funded by membership dues, event fees, or other revenue streams, as seen in revenues ranging from $36,421 to $52,689 in previous years.
Filing History
IRS 990 filing history for Maine Society Of Health System Pharmacists showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Maine Society Of Health System Pharmacists's revenue has grown by 9.1%, moving from $48K to $53K. Total assets decreased by 21.7% over the same period, from $74K to $58K. Total functional expenses rose by 25.6%, from $39K to $48K. In its most recent filing year (2018), Maine Society Of Health System Pharmacists reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $53K | $48K | $58K | $0 | — | View 990 |
| 2017 | $36K | $30K | $54K | $0 | — | View 990 |
| 2016 | $47K | $47K | $47K | $0 | — | View 990 |
| 2015 | $39K | $55K | $47K | $0 | — | View 990 |
| 2014 | $44K | $50K | $63K | $0 | — | View 990 |
| 2013 | $40K | $48K | $69K | $0 | — | View 990 |
| 2012 | $52K | $47K | $80K | $0 | — | View 990 |
| 2011 | $48K | $39K | $74K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $53K, expenses of $48K, and assets of $58K (revenue +44.7% year-over-year).
- 2017: Revenue of $36K, expenses of $30K, and assets of $54K (revenue -23.3% year-over-year).
- 2016: Revenue of $47K, expenses of $47K, and assets of $47K (revenue +23.2% year-over-year).
- 2015: Revenue of $39K, expenses of $55K, and assets of $47K (revenue -11.8% year-over-year).
- 2014: Revenue of $44K, expenses of $50K, and assets of $63K (revenue +8.1% year-over-year).
- 2013: Revenue of $40K, expenses of $48K, and assets of $69K (revenue -22.8% year-over-year).
- 2012: Revenue of $52K, expenses of $47K, and assets of $80K (revenue +8.4% year-over-year).
- 2011: Revenue of $48K, expenses of $39K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Society Of Health System Pharmacists:
Data Sources and Methodology
This transparency report for Maine Society Of Health System Pharmacists 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.