Mainehealth Care At Home
MaineHealth Care At Home: Financial Stability Concerns Amidst Consistent Losses
EIN: 222571902 · Saco, ME · NTEE: E92 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $28.1M |
| Total Expenses | $33.1M |
| Program Spending | 70% |
| Net Assets | $9.9M |
| Transparency Score | 75/100 |
Is Mainehealth Care At Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mainehealth Care At Home directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mainehealth Care At Home
Mainehealth Care At Home (EIN: 222571902) is a nonprofit organization based in Saco, ME, classified under NTEE code E92. The organization reported total revenue of $28.1M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mainehealth Care At Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mainehealth Care At Home is a large nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.1M |
| Total Expenses | $33.1M |
| Surplus / Deficit | $-7,027,252 |
| Total Assets | $14.8M |
| Total Liabilities | $4.9M |
| Net Assets | $9.9M |
| Operating Margin | -26.9% |
| Debt-to-Asset Ratio | 32.9% |
| Months of Reserves | 5.4 months |
Financial Health Grade: B
In 2023, Mainehealth Care At Home reported a deficit of $7.0M with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 32.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mainehealth Care At Home's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.1% | -3.4% | +0.1% |
| 2022 | -22.9% | -2.8% | -18.4% |
| 2021 | +16.0% | +7.5% | +30.7% |
| 2020 | -6.7% | +0.2% | +1.4% |
| 2019 | +6.1% | +8.9% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Mainehealth Care At Home 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Mainehealth Care At Home allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its impact on the organization's financial health.
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 Mainehealth Care At Home's IRS 990 filings:
- Consistent operating losses over multiple years, including $6,900,000 in 2023 and $6,769,827 in 2022, raise concerns about long-term sustainability.
- A significant drop in total liabilities from $14,038,902 in 2022 to $4,862,603 in 2023 without corresponding revenue growth warrants further investigation into the nature of these liabilities and their resolution.
Strengths
The following positive indicators were identified for Mainehealth Care At Home:
- The organization maintains a substantial asset base, with $14,792,252 in 2023, providing some financial buffer despite operating losses.
- Revenue has remained relatively consistent over the past few years, indicating a stable base of support or service demand.
Frequently Asked Questions about Mainehealth Care At Home
Is Mainehealth Care At Home a legitimate charity?
Mainehealth Care At Home (EIN: 222571902) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $28.1M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Mainehealth Care At Home spend its money?
Mainehealth Care At Home directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Mainehealth Care At Home tax-deductible?
Mainehealth Care At Home is registered as a tax-exempt nonprofit (EIN: 222571902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mainehealth Care At Home's spending goes to programs?
Mainehealth Care At Home directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mainehealth Care At Home compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mainehealth Care At Home is above average for NTEE category E92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mainehealth Care At Home located?
Mainehealth Care At Home is headquartered in Saco, Maine and files with the IRS under EIN 222571902. It is classified under NTEE code E92.
How many years of IRS 990 filings does Mainehealth Care At Home have?
Mainehealth Care At 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 $28.1M in total revenue.
What does Mainehealth Care At Home do?
Mainehealth Care At Home is a nonprofit organization in the Health Care sector, located in Saco, Maine. It is classified under NTEE code E92.
How much revenue does Mainehealth Care At Home have?
Mainehealth Care At Home reported total revenue of $28,097,120. Based on 13 IRS 990 filings on record.
What are Mainehealth Care At Home's total assets?
Mainehealth Care At Home holds total assets of $17,128,309 as reported in IRS 990 filings.
Where is Mainehealth Care At Home located?
Mainehealth Care At Home is based in Saco, Maine.
What is Mainehealth Care At Home's EIN?
Mainehealth Care At Home's Employer Identification Number (EIN) is 222571902. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mainehealth Care At Home?
Mainehealth Care At Home is classified under NTEE code E92 (Health Care).
Is Mainehealth Care At Home a registered 501(c)(3)?
Yes, Mainehealth Care At Home is recognized as a tax-exempt organization by the IRS. EIN: 222571902.
Does Mainehealth Care At Home file IRS Form 990?
Yes, Mainehealth Care At Home has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Mainehealth Care At Home's revenue in 2023?
In the 202309 filing period, Mainehealth Care At Home reported total revenue of $26,121,208, total expenses of $33,148,460, and net assets of $14,792,252.
Is Mainehealth Care At Home's revenue growing or declining?
Mainehealth Care At Home's revenue is declining. Revenue went from $27,538,050 (202209) to $26,121,208 (202309), a -5.1% change. Based on 13 filings on record.
What is Mainehealth Care At Home's most recent 990 filing?
The most recent IRS Form 990 filing for Mainehealth Care At Home covers tax period 202309. It shows revenue of $26,121,208, expenses of $33,148,460, total assets of $14,792,252, and liabilities of $4,862,603.
How much does Mainehealth Care At Home spend on programs vs administration?
Based on IRS 990 analysis, Mainehealth Care At Home allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Mainehealth Care At Home a trustworthy charity?
Based on AI analysis of IRS 990 data, Mainehealth Care At Home appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Mainehealth Care At Home?
The following concerns were identified: Consistent operating losses over multiple years, including $6,900,000 in 2023 and $6,769,827 in 2022, raise concerns about long-term sustainability.. A significant drop in total liabilities from $14,038,902 in 2022 to $4,862,603 in 2023 without corresponding revenue growth warrants further investigation into the nature of these liabilities and their resolution.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mainehealth Care At Home's strengths?
Positive indicators for Mainehealth Care At Home include: The organization maintains a substantial asset base, with $14,792,252 in 2023, providing some financial buffer despite operating losses.. Revenue has remained relatively consistent over the past few years, indicating a stable base of support or service demand.. These findings are derived from AI analysis of the organization's financial filings.
How does Mainehealth Care At Home compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its impact on the organization's financial health. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific strategies are being implemented to address the persistent operating losses and return the organization to profitability?
The provided data indicates consistent operating losses, but does not detail specific strategies for financial recovery. Further investigation into management's plans for cost reduction, revenue enhancement, or operational efficiency would be necessary.
Filing History
IRS 990 filing history for Mainehealth Care At Home showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mainehealth Care At Home's revenue has grown by 49.4%, moving from $17.5M to $26.1M. Total assets increased by 99.4% over the same period, from $7.4M to $14.8M. Total functional expenses rose by 88.5%, from $17.6M to $33.1M. In its most recent filing year (2023), Mainehealth Care At Home reported a deficit of $7.0M, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $14.8M in assets (debt-to-asset ratio: 32.9%), resulting in net assets of $9.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.1M | $33.1M | $14.8M | $4.9M | — | — |
| 2022 | $27.5M | $34.3M | $14.8M | $14.0M | — | — |
| 2021 | $35.7M | $35.3M | $18.1M | $9.2M | — | View 990 |
| 2020 | $30.8M | $32.8M | $13.9M | $6.7M | — | — |
| 2019 | $33.0M | $32.8M | $13.7M | $5.3M | — | View 990 |
| 2018 | $31.1M | $30.1M | $12.7M | $4.8M | — | View 990 |
| 2017 | $29.6M | $30.1M | $11.7M | $5.0M | — | View 990 |
| 2016 | $23.7M | $23.5M | $12.7M | $5.9M | — | View 990 |
| 2015 | $19.8M | $18.6M | $8.8M | $2.5M | — | View 990 |
| 2014 | $17.8M | $17.6M | $10.1M | $4.5M | — | View 990 |
| 2013 | $16.5M | $17.8M | $9.3M | $4.0M | — | View 990 |
| 2012 | $18.1M | $18.2M | $9.2M | $2.8M | — | View 990 |
| 2011 | $17.5M | $17.6M | $7.4M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.1M, expenses of $33.1M, and assets of $14.8M (revenue -5.1% year-over-year).
- 2022: Revenue of $27.5M, expenses of $34.3M, and assets of $14.8M (revenue -22.9% year-over-year).
- 2021: Revenue of $35.7M, expenses of $35.3M, and assets of $18.1M (revenue +16.0% year-over-year).
- 2020: Revenue of $30.8M, expenses of $32.8M, and assets of $13.9M (revenue -6.7% year-over-year).
- 2019: Revenue of $33.0M, expenses of $32.8M, and assets of $13.7M (revenue +6.1% year-over-year).
- 2018: Revenue of $31.1M, expenses of $30.1M, and assets of $12.7M (revenue +5.1% year-over-year).
- 2017: Revenue of $29.6M, expenses of $30.1M, and assets of $11.7M (revenue +24.5% year-over-year).
- 2016: Revenue of $23.7M, expenses of $23.5M, and assets of $12.7M (revenue +19.9% year-over-year).
- 2015: Revenue of $19.8M, expenses of $18.6M, and assets of $8.8M (revenue +11.0% year-over-year).
- 2014: Revenue of $17.8M, expenses of $17.6M, and assets of $10.1M (revenue +7.9% year-over-year).
- 2013: Revenue of $16.5M, expenses of $17.8M, and assets of $9.3M (revenue -8.6% year-over-year).
- 2012: Revenue of $18.1M, expenses of $18.2M, and assets of $9.2M (revenue +3.4% year-over-year).
- 2011: Revenue of $17.5M, expenses of $17.6M, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mainehealth Care At Home:
Data Sources and Methodology
This transparency report for Mainehealth Care At 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.