Maine State Chiropractors Association
Maine State Chiropractors Association maintains stable finances with consistent surpluses and no reported officer compensation.
EIN: 16029434 · Lewiston, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $312K |
| Total Expenses | $252K |
| Program Spending | 70% |
| Net Assets | $274K |
| Transparency Score | 85/100 |
Is Maine State Chiropractors Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine State Chiropractors Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Maine State Chiropractors Association
Maine State Chiropractors Association (EIN: 16029434) is a nonprofit organization based in Lewiston, ME. The organization reported total revenue of $312K and total assets of $289K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine State Chiropractors Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine State Chiropractors Association is a small nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $288K |
| Total Expenses | $252K |
| Surplus / Deficit | +$36K |
| Total Assets | $275K |
| Total Liabilities | $627 |
| Net Assets | $274K |
| Operating Margin | 12.7% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2023, Maine State Chiropractors Association reported a surplus of $36K with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine State Chiropractors Association's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.2% | +23.7% | +15.0% |
| 2022 | -7.2% | +4.1% | +7.6% |
| 2021 | +22.8% | +19.1% | +30.9% |
| 2020 | -17.0% | -33.5% | +21.2% |
| 2019 | -0.1% | +10.6% | -10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
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 State Chiropractors 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 State Chiropractors 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 $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which could contribute to lower administrative overhead.
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 State Chiropractors Association's IRS 990 filings:
- NTEE Code is unknown, limiting direct comparison to peer organizations.
- Lack of detailed breakdown for program vs. administrative expenses in provided data makes precise efficiency calculation difficult.
Strengths
The following positive indicators were identified for Maine State Chiropractors Association:
- Consistent financial surpluses, such as $36,468 in 2023 ($288,165 revenue - $251,697 expenses).
- Very low liabilities, consistently under $1,000 in recent years, indicating strong financial health.
- Steady growth in assets, from $169,850 in 2020 to $275,035 in 2023, demonstrating financial stability.
- No reported officer compensation, potentially indicating volunteer leadership or efficient use of funds.
- Positive revenue trend over the last few years, showing increasing support or activity.
Frequently Asked Questions about Maine State Chiropractors Association
Is Maine State Chiropractors Association a legitimate charity?
Maine State Chiropractors Association (EIN: 16029434) 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: $312K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Maine State Chiropractors Association spend its money?
Maine State Chiropractors Association directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Maine State Chiropractors Association tax-deductible?
Maine State Chiropractors Association is registered as a tax-exempt nonprofit (EIN: 16029434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine State Chiropractors Association's spending goes to programs?
Maine State Chiropractors Association directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Maine State Chiropractors Association located?
Maine State Chiropractors Association is headquartered in Lewiston, Maine and files with the IRS under EIN 16029434.
How many years of IRS 990 filings does Maine State Chiropractors Association have?
Maine State Chiropractors 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 $312K in total revenue.
Is the Maine State Chiropractors Association a good charity?
Based on the provided financial data, the Maine State Chiropractors Association appears to be a financially sound and well-managed organization. It consistently operates with surpluses, maintains low liabilities, and reports no officer compensation, which are all positive indicators of responsible financial stewardship. Its consistent asset growth also suggests long-term stability.
How does the organization manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within their financial statements (e.g., as general salaries rather than officer-specific compensation). Further investigation into their operational structure would clarify this.
What is the trend in the organization's revenue and expenses?
The organization's revenue has shown growth, increasing from $192,840 in 2020 to $288,165 in 2023. Expenses have also increased but generally at a slower rate, allowing for consistent surpluses. For example, in 2023, revenue was $288,165 and expenses were $251,697, resulting in a surplus of $36,468.
Filing History
IRS 990 filing history for Maine State Chiropractors Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine State Chiropractors Association's revenue has grown by 12.5%, moving from $256K to $288K. Total assets increased by 10.6% over the same period, from $249K to $275K. Total functional expenses fell by 0.3%, from $252K to $252K. In its most recent filing year (2023), Maine State Chiropractors Association reported a surplus of $36K, with revenue exceeding expenses. The organization holds $627 in liabilities against $275K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $274K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $288K | $252K | $275K | $627 | — | View 990 |
| 2022 | $220K | $203K | $239K | $1K | — | — |
| 2021 | $237K | $195K | $222K | $754 | — | View 990 |
| 2020 | $193K | $164K | $170K | $3K | — | — |
| 2019 | $232K | $247K | $140K | $2K | — | View 990 |
| 2018 | $233K | $223K | $156K | $4K | — | View 990 |
| 2017 | $255K | $281K | $146K | $3K | — | View 990 |
| 2016 | $195K | $260K | $169K | $3K | — | View 990 |
| 2015 | $216K | $236K | $231K | $0 | — | View 990 |
| 2014 | $225K | $250K | $251K | $0 | — | View 990 |
| 2013 | $251K | $252K | $277K | $0 | — | View 990 |
| 2012 | $276K | $232K | $278K | $0 | — | View 990 |
| 2011 | $256K | $252K | $249K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $288K, expenses of $252K, and assets of $275K (revenue +31.2% year-over-year).
- 2022: Revenue of $220K, expenses of $203K, and assets of $239K (revenue -7.2% year-over-year).
- 2021: Revenue of $237K, expenses of $195K, and assets of $222K (revenue +22.8% year-over-year).
- 2020: Revenue of $193K, expenses of $164K, and assets of $170K (revenue -17.0% year-over-year).
- 2019: Revenue of $232K, expenses of $247K, and assets of $140K (revenue -0.1% year-over-year).
- 2018: Revenue of $233K, expenses of $223K, and assets of $156K (revenue -8.9% year-over-year).
- 2017: Revenue of $255K, expenses of $281K, and assets of $146K (revenue +30.9% year-over-year).
- 2016: Revenue of $195K, expenses of $260K, and assets of $169K (revenue -9.5% year-over-year).
- 2015: Revenue of $216K, expenses of $236K, and assets of $231K (revenue -4.1% year-over-year).
- 2014: Revenue of $225K, expenses of $250K, and assets of $251K (revenue -10.3% year-over-year).
- 2013: Revenue of $251K, expenses of $252K, and assets of $277K (revenue -9.1% year-over-year).
- 2012: Revenue of $276K, expenses of $232K, and assets of $278K (revenue +7.7% year-over-year).
- 2011: Revenue of $256K, expenses of $252K, and assets of $249K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine State Chiropractors Association:
Data Sources and Methodology
This transparency report for Maine State Chiropractors 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.