Medical Care Development Incorporated
Medical Care Development Incorporated consistently operates with expenses closely matching or slightly exceeding revenues, reporting 0% officer compensation.
EIN: 16022787 · Hallowell, ME · NTEE: E21Z · Updated: 2026-03-28
Is Medical Care Development Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Medical Care Development Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Medical Care Development Incorporated
Medical Care Development Incorporated (EIN: 16022787) is a nonprofit organization based in Hallowell, ME, classified under NTEE code E21Z. The organization reported total revenue of $33.1M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medical Care Development Incorporated'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 Medical Care Development Incorporated 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, Medical Care Development Incorporated 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.
Executive Compensation Analysis
Medical Care Development Incorporated consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $30 million. This suggests either a volunteer executive leadership or compensation structured in a way that is not reported as officer compensation on the 990, warranting further investigation for full clarity.
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 Medical Care Development Incorporated's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and may indicate compensation is reported in other categories or that executive leadership is entirely volunteer, requiring further clarification for full transparency.
Strengths
The following positive indicators were identified for Medical Care Development Incorporated:
- Consistent 990 filing history, indicating good transparency and compliance.
- Stable financial operations with revenues generally covering expenses over the long term.
- Relatively low liabilities compared to assets, suggesting financial stability.
- Strong potential for program spending efficiency, given the reported 0% officer compensation.
Frequently Asked Questions about Medical Care Development Incorporated
Is Medical Care Development Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Medical Care Development Incorporated (EIN: 16022787) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Medical Care Development Incorporated spend its money?
Medical Care Development Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Medical Care Development Incorporated tax-deductible?
Medical Care Development Incorporated is registered as a tax-exempt nonprofit (EIN: 16022787). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Medical Care Development Incorporated a good charity?
Based on the available data, Medical Care Development Incorporated appears to be a well-managed charity with consistent financial operations. Its consistent reporting of 0% officer compensation suggests a strong commitment to directing funds towards its mission, though this specific aspect warrants further inquiry for complete understanding of executive compensation.
How does Medical Care Development Incorporated fund its operations?
The organization primarily funds its operations through its annual revenues, which have consistently been in the range of $30-50 million over the past decade. Given that expenses often closely match or slightly exceed revenues, it relies heavily on ongoing funding streams rather than significant reserve drawdowns.
What is the trend in Medical Care Development Incorporated's financial health?
Medical Care Development Incorporated's financial health shows stability, with revenues and expenses generally in close alignment. While there have been slight operating deficits in recent years (e.g., 2023, 2022, 2021), the organization maintains a healthy asset base relative to its liabilities, indicating a sustainable financial position.
Filing History
IRS 990 filing history for Medical Care Development Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Medical Care Development Incorporated's revenue has declined by 15.4%, moving from $44.0M to $37.2M. Total assets decreased by 28.3% over the same period, from $20.8M to $14.9M. Total functional expenses fell by 7.8%, from $41.9M to $38.7M. In its most recent filing year (2023), Medical Care Development Incorporated reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $10.6M in liabilities against $14.9M in assets (debt-to-asset ratio: 71.0%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $37.2M | $38.7M | $14.9M | $10.6M | — | — |
| 2022 | $33.0M | $34.1M | $15.9M | $10.3M | — | View 990 |
| 2021 | $32.4M | $32.9M | $13.1M | $6.2M | — | View 990 |
| 2020 | $37.0M | $35.9M | $12.5M | $5.2M | — | — |
| 2019 | $34.7M | $34.3M | $12.3M | $6.2M | — | View 990 |
| 2018 | $35.1M | $34.8M | $11.6M | $5.9M | — | View 990 |
| 2017 | $32.7M | $36.5M | $12.3M | $7.0M | — | View 990 |
| 2016 | $49.5M | $49.2M | $21.3M | $12.3M | — | View 990 |
| 2015 | $48.4M | $47.9M | $21.6M | $12.8M | — | View 990 |
| 2014 | $46.1M | $45.3M | $20.9M | $12.7M | — | View 990 |
| 2013 | $44.1M | $43.2M | $24.5M | $17.1M | — | View 990 |
| 2012 | $41.5M | $40.4M | $23.4M | $16.9M | — | View 990 |
| 2011 | $44.0M | $41.9M | $20.8M | $15.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.2M, expenses of $38.7M, and assets of $14.9M (revenue +12.7% year-over-year).
- 2022: Revenue of $33.0M, expenses of $34.1M, and assets of $15.9M (revenue +2.0% year-over-year).
- 2021: Revenue of $32.4M, expenses of $32.9M, and assets of $13.1M (revenue -12.6% year-over-year).
- 2020: Revenue of $37.0M, expenses of $35.9M, and assets of $12.5M (revenue +6.9% year-over-year).
- 2019: Revenue of $34.7M, expenses of $34.3M, and assets of $12.3M (revenue -1.3% year-over-year).
- 2018: Revenue of $35.1M, expenses of $34.8M, and assets of $11.6M (revenue +7.3% year-over-year).
- 2017: Revenue of $32.7M, expenses of $36.5M, and assets of $12.3M (revenue -34.0% year-over-year).
- 2016: Revenue of $49.5M, expenses of $49.2M, and assets of $21.3M (revenue +2.3% year-over-year).
- 2015: Revenue of $48.4M, expenses of $47.9M, and assets of $21.6M (revenue +5.1% year-over-year).
- 2014: Revenue of $46.1M, expenses of $45.3M, and assets of $20.9M (revenue +4.6% year-over-year).
- 2013: Revenue of $44.1M, expenses of $43.2M, and assets of $24.5M (revenue +6.3% year-over-year).
- 2012: Revenue of $41.5M, expenses of $40.4M, and assets of $23.4M (revenue -5.8% year-over-year).
- 2011: Revenue of $44.0M, expenses of $41.9M, and assets of $20.8M.
Data Sources and Methodology
This transparency report for Medical Care Development Incorporated 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.