Maine State Credit Union
Maine State Credit Union consistently reports positive net income and growing assets.
EIN: 10196194 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $14.4M |
| Program Spending | 100% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $45.0M |
| Transparency Score | 75/100 |
Is Maine State Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine State Credit Union directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine State Credit Union
Maine State Credit Union (EIN: 10196194) is a nonprofit organization based in Augusta, ME. 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 State Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine State Credit Union is a large nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.7M |
| Total Expenses | $14.4M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $383.2M |
| Total Liabilities | $338.2M |
| Net Assets | $45.0M |
| Operating Margin | 13.9% |
| Debt-to-Asset Ratio | 88.3% |
| Months of Reserves | 319.2 months |
Financial Health Grade: A
In 2016, Maine State Credit Union reported a surplus of $2.3M with revenue exceeding expenses, holds 319.2 months of operating reserves (strong position), has a debt-to-asset ratio of 88.3% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Maine State Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +8.2% | +13.2% | +4.9% |
| 2015 | +3.6% | +3.0% | +3.1% |
| 2014 | +7.0% | +0.1% | +2.2% |
| 2013 | +0.0% | -0.7% | +0.9% |
| 2012 | -3.3% | -6.7% | +4.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine State Credit Union with a Mission Score of 75 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Maine State Credit Union allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.3%.
Executive Compensation Analysis
The filings consistently report 0% officer compensation, which is highly unusual for an organization with revenues exceeding $16 million and assets nearing $400 million, suggesting compensation may be reported under different categories or that the credit union structure has unique reporting requirements for executive pay.
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 Credit Union's IRS 990 filings:
- 0% officer compensation reported, which is atypical for an organization of this scale and may indicate incomplete reporting or unique compensation structures not fully transparent in the 990 summary.
Strengths
The following positive indicators were identified for Maine State Credit Union:
- Consistent positive net income, with revenues exceeding expenses in all reported periods (e.g., $16,740,223 revenue vs. $14,406,570 expenses in 2016).
- Steady growth in assets over the filing periods, from $329,073,659 in 2011 to $383,246,140 in 2016, demonstrating financial stability.
- Strong financial position with assets significantly exceeding liabilities (e.g., $383,246,140 assets vs. $338,216,403 liabilities in 2016).
Frequently Asked Questions about Maine State Credit Union
Is Maine State Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine State Credit Union (EIN: 10196194) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Maine State Credit Union spend its money?
Maine State Credit Union directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine State Credit Union tax-deductible?
Maine State Credit Union is registered as a tax-exempt nonprofit (EIN: 10196194). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine State Credit Union CEO make?
Maine State Credit Union's highest-compensated officer earns $16 annually. Executive compensation data is disclosed in IRS 990 filings.
Where is Maine State Credit Union located?
Maine State Credit Union is headquartered in Augusta, Maine and files with the IRS under EIN 10196194.
How many years of IRS 990 filings does Maine State Credit Union have?
Maine State Credit Union has 6 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 State Credit Union a good charity?
As a credit union, Maine State Credit Union operates as a member-owned financial cooperative rather than a traditional charity. Its 'goodness' should be assessed based on its service to members and financial stability, which appears strong based on consistent revenue surpluses and asset growth.
How does Maine State Credit Union manage its expenses?
Maine State Credit Union consistently manages its expenses below its revenues. For example, in 2016, expenses were $14,406,570 against revenues of $16,740,223, indicating effective financial management.
What is the trend in Maine State Credit Union's assets?
Maine State Credit Union has shown a consistent upward trend in assets, growing from $329,073,659 in 2011 to $383,246,140 in 2016, indicating strong financial growth and stability.
Filing History
IRS 990 filing history for Maine State Credit Union showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Maine State Credit Union's revenue has grown by 16%, moving from $14.4M to $16.7M. Total assets increased by 16.5% over the same period, from $329.1M to $383.2M. Total functional expenses rose by 8.3%, from $13.3M to $14.4M. In its most recent filing year (2016), Maine State Credit Union reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $338.2M in liabilities against $383.2M in assets (debt-to-asset ratio: 88.3%), resulting in net assets of $45.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $16.7M | $14.4M | $383.2M | $338.2M | — | View 990 |
| 2015 | $15.5M | $12.7M | $365.3M | $321.8M | — | View 990 |
| 2014 | $14.9M | $12.4M | $354.3M | $310.7M | — | View 990 |
| 2013 | $14.0M | $12.3M | $346.8M | $305.4M | — | View 990 |
| 2012 | $14.0M | $12.4M | $343.7M | $301.9M | — | View 990 |
| 2011 | $14.4M | $13.3M | $329.1M | $289.7M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $16.7M, expenses of $14.4M, and assets of $383.2M (revenue +8.2% year-over-year).
- 2015: Revenue of $15.5M, expenses of $12.7M, and assets of $365.3M (revenue +3.6% year-over-year).
- 2014: Revenue of $14.9M, expenses of $12.4M, and assets of $354.3M (revenue +7.0% year-over-year).
- 2013: Revenue of $14.0M, expenses of $12.3M, and assets of $346.8M (revenue +0.0% year-over-year).
- 2012: Revenue of $14.0M, expenses of $12.4M, and assets of $343.7M (revenue -3.3% year-over-year).
- 2011: Revenue of $14.4M, expenses of $13.3M, and assets of $329.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine State Credit Union:
Data Sources and Methodology
This transparency report for Maine State Credit Union 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.