Maine Veterinary Medical Association Inc
Maine Veterinary Medical Association maintains stable finances with volunteer leadership and growing assets.
EIN: 10482076 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $196K |
| Total Expenses | $176K |
| Program Spending | 85% |
| Net Assets | $504K |
| Transparency Score | 90/100 |
Is Maine Veterinary Medical Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Veterinary Medical Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Veterinary Medical Association Inc
Maine Veterinary Medical Association Inc (EIN: 10482076) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $196K and total assets of $542K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Veterinary Medical Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Veterinary Medical Association Inc is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $176K |
| Surplus / Deficit | $-10,630 |
| Total Assets | $507K |
| Total Liabilities | $3K |
| Net Assets | $504K |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 34.6 months |
Financial Health Grade: B
In 2023, Maine Veterinary Medical Association Inc reported a deficit of $11K with expenses exceeding revenue, holds 34.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Veterinary Medical Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.7% | +119.1% | +2.3% |
| 2022 | -37.7% | -53.4% | +0.6% |
| 2021 | +27.0% | +24.2% | +8.7% |
| 2020 | -10.0% | +0.3% | +10.6% |
| 2019 | -1.0% | -7.2% | +18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Veterinary Medical Association Inc 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 Veterinary Medical Association Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are volunteers, which significantly enhances spending efficiency and directs more resources 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.
Strengths
The following positive indicators were identified for Maine Veterinary Medical Association Inc:
- Consistent asset growth, from $263,442 in 2014 to $506,555 in 2023.
- 0% officer compensation across all filings, indicating volunteer leadership and high efficiency.
- Low liabilities, consistently under $3,500, demonstrating strong financial management.
- Consistent filing of IRS Form 990s over 13 periods, showing commitment to transparency.
- Stable revenue and expense patterns over the past decade.
Frequently Asked Questions about Maine Veterinary Medical Association Inc
Is Maine Veterinary Medical Association Inc a legitimate charity?
Maine Veterinary Medical Association Inc (EIN: 10482076) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $196K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Maine Veterinary Medical Association Inc spend its money?
Maine Veterinary Medical Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maine Veterinary Medical Association Inc tax-deductible?
Maine Veterinary Medical Association Inc is registered as a tax-exempt nonprofit (EIN: 10482076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Veterinary Medical Association Inc's spending goes to programs?
Maine Veterinary Medical Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Veterinary Medical Association Inc located?
Maine Veterinary Medical Association Inc is headquartered in Portland, Maine and files with the IRS under EIN 10482076.
How many years of IRS 990 filings does Maine Veterinary Medical Association Inc have?
Maine Veterinary Medical Association Inc 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 $196K in total revenue.
Is Maine Veterinary Medical Association Inc a good charity?
Based on the available financial data, the Maine Veterinary Medical Association Inc appears to be a well-managed and efficient organization. Its consistent financial reporting, growing asset base, and 0% officer compensation are strong indicators of a good charity.
How does MVMA manage its expenses?
MVMA generally manages its expenses effectively, with expenses typically staying within or close to its annual revenue. The 0% officer compensation is a key factor in its spending efficiency, allowing more funds to be allocated to its programs.
What is the trend in MVMA's assets?
MVMA has shown a consistent upward trend in its assets, growing from $263,442 in 2014 to $506,555 in 2023, indicating sound financial stewardship and the building of reserves.
Filing History
IRS 990 filing history for Maine Veterinary Medical Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Veterinary Medical Association Inc's revenue has grown by 65.1%, moving from $100K to $165K. Total assets increased by 142.5% over the same period, from $209K to $507K. Total functional expenses rose by 105%, from $86K to $176K. In its most recent filing year (2023), Maine Veterinary Medical Association Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $3K in liabilities against $507K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $504K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $176K | $507K | $3K | — | — |
| 2022 | $131K | $80K | $495K | $-1,895 | — | View 990 |
| 2021 | $211K | $172K | $492K | $2K | — | View 990 |
| 2020 | $166K | $139K | $453K | $2K | — | View 990 |
| 2019 | $184K | $138K | $410K | $2K | — | View 990 |
| 2018 | $186K | $149K | $346K | $2K | — | View 990 |
| 2017 | $189K | $118K | $328K | $3K | — | View 990 |
| 2016 | $130K | $139K | $242K | $2K | — | View 990 |
| 2015 | $97K | $113K | $242K | $0 | — | View 990 |
| 2014 | $122K | $92K | $263K | $0 | — | View 990 |
| 2013 | $100K | $97K | $235K | $0 | — | View 990 |
| 2012 | $95K | $83K | $229K | $0 | — | View 990 |
| 2011 | $100K | $86K | $209K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $176K, and assets of $507K (revenue +25.7% year-over-year).
- 2022: Revenue of $131K, expenses of $80K, and assets of $495K (revenue -37.7% year-over-year).
- 2021: Revenue of $211K, expenses of $172K, and assets of $492K (revenue +27.0% year-over-year).
- 2020: Revenue of $166K, expenses of $139K, and assets of $453K (revenue -10.0% year-over-year).
- 2019: Revenue of $184K, expenses of $138K, and assets of $410K (revenue -1.0% year-over-year).
- 2018: Revenue of $186K, expenses of $149K, and assets of $346K (revenue -1.8% year-over-year).
- 2017: Revenue of $189K, expenses of $118K, and assets of $328K (revenue +45.1% year-over-year).
- 2016: Revenue of $130K, expenses of $139K, and assets of $242K (revenue +34.4% year-over-year).
- 2015: Revenue of $97K, expenses of $113K, and assets of $242K (revenue -20.1% year-over-year).
- 2014: Revenue of $122K, expenses of $92K, and assets of $263K (revenue +22.0% year-over-year).
- 2013: Revenue of $100K, expenses of $97K, and assets of $235K (revenue +5.3% year-over-year).
- 2012: Revenue of $95K, expenses of $83K, and assets of $229K (revenue -5.3% year-over-year).
- 2011: Revenue of $100K, expenses of $86K, and assets of $209K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Veterinary Medical Association Inc:
Data Sources and Methodology
This transparency report for Maine Veterinary Medical Association Inc 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.