Maine Tourism Association

Is Maine Tourism Association Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Maine Tourism Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Maine Tourism Association

Maine Tourism Association (EIN: 10165110) is a nonprofit organization based in Hallowell, ME. The organization reported total revenue of $3.5M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Tourism Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Maine Tourism Association with a Mission Score of 90 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 Tourism Association 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led or very lean executive structure.

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 Tourism Association's IRS 990 filings:

• NTEE Code is unknown, which can make it harder to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Maine Tourism Association:

• Consistent revenue growth, from $2,179,980 in 2014 to $3,087,097 in 2023.
• Healthy asset accumulation, increasing from $1,813,007 in 2014 to $2,924,153 in 2023.
• Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship and transparency.
• Generally operates with a surplus, as seen in 2023 with revenue exceeding expenses by over $250,000.

Frequently Asked Questions about Maine Tourism Association

Filing History

IRS 990 filing history for Maine Tourism Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Maine Tourism Association's revenue has grown by 44.3%, moving from $2.1M to $3.1M. Total assets increased by 131.2% over the same period, from $1.3M to $2.9M. Total functional expenses rose by 35%, from $2.1M to $2.8M. In its most recent filing year (2023), Maine Tourism Association reported a surplus of $258K, with revenue exceeding expenses. The organization holds $726K in liabilities against $2.9M in assets (debt-to-asset ratio: 24.8%), resulting in net assets of $2.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.1M, expenses of $2.8M, and assets of $2.9M (revenue +10.0% year-over-year).
• 2022: Revenue of $2.8M, expenses of $2.7M, and assets of $2.6M (revenue -2.3% year-over-year).
• 2021: Revenue of $2.9M, expenses of $2.4M, and assets of $2.5M (revenue +10.5% year-over-year).
• 2020: Revenue of $2.6M, expenses of $2.7M, and assets of $1.9M (revenue -3.3% year-over-year).
• 2019: Revenue of $2.7M, expenses of $2.8M, and assets of $1.8M (revenue +11.5% year-over-year).
• 2018: Revenue of $2.4M, expenses of $2.5M, and assets of $2.0M (revenue +13.2% year-over-year).
• 2017: Revenue of $2.1M, expenses of $2.2M, and assets of $1.9M (revenue +2.3% year-over-year).
• 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $1.8M (revenue -2.0% year-over-year).
• 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $1.8M (revenue -2.5% year-over-year).
• 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $1.8M (revenue -2.3% year-over-year).
• 2013: Revenue of $2.2M, expenses of $2.0M, and assets of $1.6M (revenue +5.3% year-over-year).
• 2012: Revenue of $2.1M, expenses of $2.0M, and assets of $1.4M (revenue -0.9% year-over-year).
• 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Maine Tourism 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.