Maine State Troopers Association Benefits Trust
EIN: 261475697 · Augusta, ME · NTEE: Y44
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $192K |
| Net Assets | $677K |
Is Maine State Troopers Association Benefits Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine State Troopers Association Benefits Trust
Maine State Troopers Association Benefits Trust (EIN: 261475697) is a nonprofit organization based in Augusta, ME, classified under NTEE code Y44. The organization reported total revenue of $176K and total assets of $714K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine State Troopers Association Benefits Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine State Troopers Association Benefits Trust is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $192K |
| Surplus / Deficit | $-44,188 |
| Total Assets | $688K |
| Total Liabilities | $11K |
| Net Assets | $677K |
| Operating Margin | -29.9% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 43.0 months |
Financial Health Grade: B
In 2023, Maine State Troopers Association Benefits Trust reported a deficit of $44K with expenses exceeding revenue, holds 43.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Maine State Troopers Association Benefits Trust's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +1.8% | +0.9% |
| 2022 | -11.0% | +57.0% | -14.3% |
| 2021 | +2.9% | -29.2% | +10.3% |
| 2020 | +2.4% | +71.9% | +1.5% |
| 2019 | -8.1% | -43.7% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maine State Troopers Association Benefits Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine State Troopers Association Benefits Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about Maine State Troopers Association Benefits Trust
Is Maine State Troopers Association Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine State Troopers Association Benefits Trust (EIN: 261475697) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maine State Troopers Association Benefits Trust spend its money?
Detailed spending breakdown data is not yet available for Maine State Troopers Association Benefits Trust. Check back for updated IRS 990 analysis.
Are donations to Maine State Troopers Association Benefits Trust tax-deductible?
Maine State Troopers Association Benefits Trust is registered as a tax-exempt nonprofit (EIN: 261475697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine State Troopers Association Benefits Trust located?
Maine State Troopers Association Benefits Trust is headquartered in Augusta, Maine and files with the IRS under EIN 261475697. It is classified under NTEE code Y44.
How many years of IRS 990 filings does Maine State Troopers Association Benefits Trust have?
Maine State Troopers Association Benefits Trust has 14 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 $176K in total revenue.
Filing History
IRS 990 filing history for Maine State Troopers Association Benefits Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Maine State Troopers Association Benefits Trust's revenue has declined by 9.1%, moving from $163K to $148K. Total assets increased by 206.2% over the same period, from $225K to $688K. Total functional expenses rose by 121%, from $87K to $192K. In its most recent filing year (2023), Maine State Troopers Association Benefits Trust reported a deficit of $44K, with expenses exceeding revenue. The organization holds $11K in liabilities against $688K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $677K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148K | $192K | $688K | $11K | — | — |
| 2022 | $141K | $189K | $682K | $0 | — | View 990 |
| 2021 | $158K | $120K | $795K | $7K | — | View 990 |
| 2020 | $154K | $170K | $721K | $0 | — | — |
| 2019 | $150K | $99K | $711K | $10K | — | View 990 |
| 2018 | $164K | $175K | $594K | $5K | — | View 990 |
| 2017 | $187K | $164K | $619K | $0 | — | — |
| 2016 | $184K | $130K | $569K | $2K | — | View 990 |
| 2015 | $186K | $134K | $499K | $452 | — | View 990 |
| 2014 | $188K | $164K | $466K | $4K | — | View 990 |
| 2013 | $187K | $134K | $441K | $3K | — | View 990 |
| 2012 | $171K | $102K | $374K | $5K | — | View 990 |
| 2011 | $152K | $72K | $305K | $0 | — | View 990 |
| 2010 | $163K | $87K | $225K | $50 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148K, expenses of $192K, and assets of $688K (revenue +4.7% year-over-year).
- 2022: Revenue of $141K, expenses of $189K, and assets of $682K (revenue -11.0% year-over-year).
- 2021: Revenue of $158K, expenses of $120K, and assets of $795K (revenue +2.9% year-over-year).
- 2020: Revenue of $154K, expenses of $170K, and assets of $721K (revenue +2.4% year-over-year).
- 2019: Revenue of $150K, expenses of $99K, and assets of $711K (revenue -8.1% year-over-year).
- 2018: Revenue of $164K, expenses of $175K, and assets of $594K (revenue -12.3% year-over-year).
- 2017: Revenue of $187K, expenses of $164K, and assets of $619K (revenue +1.3% year-over-year).
- 2016: Revenue of $184K, expenses of $130K, and assets of $569K (revenue -1.0% year-over-year).
- 2015: Revenue of $186K, expenses of $134K, and assets of $499K (revenue -0.8% year-over-year).
- 2014: Revenue of $188K, expenses of $164K, and assets of $466K (revenue +0.2% year-over-year).
- 2013: Revenue of $187K, expenses of $134K, and assets of $441K (revenue +9.5% year-over-year).
- 2012: Revenue of $171K, expenses of $102K, and assets of $374K (revenue +12.2% year-over-year).
- 2011: Revenue of $152K, expenses of $72K, and assets of $305K (revenue -6.2% year-over-year).
- 2010: Revenue of $163K, expenses of $87K, and assets of $225K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine State Troopers Association Benefits Trust:
Data Sources and Methodology
This transparency report for Maine State Troopers Association Benefits Trust 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.