Maine Veterans Home
Maine Veterans Home reports recent operating deficits despite substantial assets and no officer compensation.
EIN: 10376832 · Augusta, ME · NTEE: E910 · Updated: 2026-03-28
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $123.6M |
| Total Expenses | $103.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $85 |
| Net Assets | $128.1M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Maine Veterans Home Form 990, Revenue, CEO Pay, and IRS Filing Signals
Maine Veterans Home is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Maine Veterans Home in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $89.5M and expenses of $103.1M.
Revenue and Expenses
Maine Veterans Home reported $89.5M in revenue and $103.1M in expenses, a deficit of $13.6M.
Executive Compensation
Top officer compensation appears as $85 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Maine Veterans Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $92.8M (90%) |
Across stored filings, Maine Veterans Home shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Health context |
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90% of spending goes to programs.
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Maine Veterans Home directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Veterans Home
Maine Veterans Home (EIN: 10376832) is a nonprofit organization based in Augusta, ME, classified under NTEE code E910. The organization reported total revenue of $123.6M and total assets of $172.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Veterans Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Veterans Home is a major nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $89.5M |
| Total Expenses | $103.1M |
| Surplus / Deficit | $-13,622,684 |
| Total Assets | $185.1M |
| Total Liabilities | $57.0M |
| Net Assets | $128.1M |
| Operating Margin | -15.2% |
| Debt-to-Asset Ratio | 30.8% |
| Months of Reserves | 21.5 months |
Financial Health Grade: B
In 2023, Maine Veterans Home reported a deficit of $13.6M with expenses exceeding revenue, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 30.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Veterans Home's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | +7.4% | -8.2% |
| 2022 | -20.0% | -2.0% | -7.3% |
| 2021 | -15.1% | -3.4% | +16.1% |
| 2020 | +13.3% | +9.6% | +25.6% |
| 2019 | +10.2% | -6.9% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Veterans Home 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Maine Veterans Home allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size (over $85 million in annual revenue and $170 million in assets) and suggests a strong commitment to directing funds towards its mission.
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 Veterans Home's IRS 990 filings:
- Operating deficits in fiscal years 2023 and 2022, with expenses exceeding revenue by $13.6M and $10.1M respectively.
- Unusually low (0%) officer compensation for an organization of this scale, which might suggest compensation is reported differently or through a related entity, warranting further scrutiny.
Strengths
The following positive indicators were identified for Maine Veterans Home:
- Consistent and substantial asset base, with $185.1 million in 2023, providing financial stability.
- Long history of IRS 990 filings (13 periods), indicating strong commitment to transparency and compliance.
- No reported officer compensation, suggesting a strong focus on mission-related spending rather than executive salaries.
Frequently Asked Questions about Maine Veterans Home
Is Maine Veterans Home a legitimate charity?
Maine Veterans Home (EIN: 10376832) 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: $123.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Maine Veterans Home spend its money?
Maine Veterans Home directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Maine Veterans Home tax-deductible?
Maine Veterans Home is registered as a tax-exempt nonprofit (EIN: 10376832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Veterans Home CEO make?
Maine Veterans Home's highest-compensated officer earns $85 annually. The organization reported $123.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Veterans Home's spending goes to programs?
Maine Veterans Home directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maine Veterans Home compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Maine Veterans Home is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maine Veterans Home located?
Maine Veterans Home is headquartered in Augusta, Maine and files with the IRS under EIN 10376832. It is classified under NTEE code E910.
How many years of IRS 990 filings does Maine Veterans Home have?
Maine Veterans Home 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 $123.6M in total revenue.
Why has Maine Veterans Home experienced operating deficits in recent years?
The organization reported expenses exceeding revenue by $13.6 million in 2023 and $10.1 million in 2022. This trend could be due to increased operational costs, decreased funding, or strategic investments, and warrants further investigation into their financial statements.
How does Maine Veterans Home manage to operate without officer compensation?
The filings consistently show 0% officer compensation. This could imply that executive leadership is compensated through other means (e.g., a related entity), or that the roles are filled by volunteers or individuals compensated through a different structure not reported as 'officer compensation' on the 990.
Is Maine Veterans Home financially stable given the recent deficits?
While recent deficits are a concern, the organization maintains substantial assets, reported at $185.1 million in 2023, which provides a buffer. However, sustained deficits could erode these assets over time, making long-term financial planning crucial.
Filing History
IRS 990 filing history for Maine Veterans Home showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Veterans Home's revenue has grown by 9.2%, moving from $81.9M to $89.5M. Total assets increased by 91.9% over the same period, from $96.5M to $185.1M. Total functional expenses rose by 36.2%, from $75.7M to $103.1M. In its most recent filing year (2023), Maine Veterans Home reported a deficit of $13.6M, with expenses exceeding revenue. The organization holds $57.0M in liabilities against $185.1M in assets (debt-to-asset ratio: 30.8%), resulting in net assets of $128.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89.5M | $103.1M | $185.1M | $57.0M | — | View 990 |
| 2022 | $85.9M | $96.0M | $201.7M | $59.6M | — | View 990 |
| 2021 | $107.3M | $97.9M | $217.5M | $59.3M | — | — |
| 2020 | $126.3M | $101.4M | $187.3M | $45.1M | — | — |
| 2019 | $111.5M | $92.5M | $149.2M | $33.1M | — | View 990 |
| 2018 | $101.1M | $99.4M | $142.2M | $46.1M | — | View 990 |
| 2017 | $97.8M | $97.9M | $142.8M | $49.1M | — | View 990 |
| 2016 | $93.4M | $92.7M | $127.7M | $36.1M | — | View 990 |
| 2015 | $89.1M | $86.5M | $117.6M | $26.7M | — | View 990 |
| 2014 | $92.3M | $87.1M | $111.9M | $8.6M | — | View 990 |
| 2013 | $86.7M | $85.6M | $104.8M | $10.1M | — | View 990 |
| 2012 | $84.2M | $80.0M | $100.6M | $9.0M | — | View 990 |
| 2011 | $81.9M | $75.7M | $96.5M | $8.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89.5M, expenses of $103.1M, and assets of $185.1M (revenue +4.2% year-over-year).
- 2022: Revenue of $85.9M, expenses of $96.0M, and assets of $201.7M (revenue -20.0% year-over-year).
- 2021: Revenue of $107.3M, expenses of $97.9M, and assets of $217.5M (revenue -15.1% year-over-year).
- 2020: Revenue of $126.3M, expenses of $101.4M, and assets of $187.3M (revenue +13.3% year-over-year).
- 2019: Revenue of $111.5M, expenses of $92.5M, and assets of $149.2M (revenue +10.2% year-over-year).
- 2018: Revenue of $101.1M, expenses of $99.4M, and assets of $142.2M (revenue +3.4% year-over-year).
- 2017: Revenue of $97.8M, expenses of $97.9M, and assets of $142.8M (revenue +4.7% year-over-year).
- 2016: Revenue of $93.4M, expenses of $92.7M, and assets of $127.7M (revenue +4.9% year-over-year).
- 2015: Revenue of $89.1M, expenses of $86.5M, and assets of $117.6M (revenue -3.5% year-over-year).
- 2014: Revenue of $92.3M, expenses of $87.1M, and assets of $111.9M (revenue +6.4% year-over-year).
- 2013: Revenue of $86.7M, expenses of $85.6M, and assets of $104.8M (revenue +3.0% year-over-year).
- 2012: Revenue of $84.2M, expenses of $80.0M, and assets of $100.6M (revenue +2.8% year-over-year).
- 2011: Revenue of $81.9M, expenses of $75.7M, and assets of $96.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Veterans Home:
Data Sources and Methodology
This transparency report for Maine Veterans Home 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.