Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle
Memorial Ambulance Corps consistently operates with surpluses and zero reported officer compensation.
EIN: 10278130 · Deer Isle, ME · NTEE: E62Z · Updated: 2026-03-28
Is Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle
Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle (EIN: 10278130) is a nonprofit organization based in Deer Isle, ME, classified under NTEE code E62Z. The organization reported total revenue of $1.7M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle is a mid-size nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $417K |
| Total Expenses | $409K |
| Surplus / Deficit | +$8K |
| Total Assets | $2.1M |
| Total Liabilities | $89K |
| Net Assets | $2.0M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 62.0 months |
Financial Health Grade: A
In 2023, Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle reported a surplus of $8K with revenue exceeding expenses, holds 62.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +12.5% | +9.7% |
| 2022 | +6.7% | +8.3% | -8.1% |
| 2021 | -13.2% | +3.5% | +15.6% |
| 2020 | +29.8% | +13.2% | +8.0% |
| 2019 | +18.3% | +17.7% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle 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, Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle 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 surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer or compensated through mechanisms not classified as officer compensation, which is highly favorable for a nonprofit of its size with assets over $2 million.
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 Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle:
- Consistent financial surpluses, with revenue exceeding expenses in most periods (e.g., $417,066 revenue vs. $409,430 expenses in 2023).
- Steady growth in assets, increasing from $1,150,132 in 2014 to $2,116,540 in 2023.
- Zero reported officer compensation across all filings, indicating efficient use of funds and potentially volunteer leadership.
- Low liabilities relative to assets, demonstrating strong financial solvency (e.g., $88,560 liabilities vs. $2,116,540 assets in 2023).
- Clear alignment between NTEE code (E62Z - Ambulance & Emergency Medical Services) and organizational name/mission.
Frequently Asked Questions about Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle
Is Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle (EIN: 10278130) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle spend its money?
Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle tax-deductible?
Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle is registered as a tax-exempt nonprofit (EIN: 10278130). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Memorial Ambulance Corps a good charity?
Based on its consistent financial surpluses, growing assets, and zero reported officer compensation, Memorial Ambulance Corps appears to be a very good charity, demonstrating strong financial management and a clear dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability, with revenues generally exceeding expenses and assets growing from $1,150,132 in 2014 to $2,116,540 in 2023.
What is the organization's approach to executive compensation?
Memorial Ambulance Corps reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership model or compensation structures that do not fall under this category, which is a positive indicator of resource allocation.
Filing History
IRS 990 filing history for Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle's revenue has grown by 119.6%, moving from $190K to $417K. Total assets increased by 91.5% over the same period, from $1.1M to $2.1M. Total functional expenses rose by 85.6%, from $221K to $409K. In its most recent filing year (2023), Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle reported a surplus of $8K, with revenue exceeding expenses. The organization holds $89K in liabilities against $2.1M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $417K | $409K | $2.1M | $89K | — | View 990 |
| 2022 | $390K | $364K | $1.9M | $65K | — | View 990 |
| 2021 | $365K | $336K | $2.1M | $65K | — | View 990 |
| 2020 | $421K | $325K | $1.8M | $40K | — | View 990 |
| 2019 | $324K | $287K | $1.7M | $40K | — | View 990 |
| 2018 | $274K | $244K | $1.4M | $36K | — | View 990 |
| 2017 | $260K | $222K | $1.4M | $0 | — | View 990 |
| 2016 | $244K | $217K | $1.3M | $0 | — | View 990 |
| 2015 | $303K | $226K | $1.2M | $0 | — | View 990 |
| 2014 | $188K | $225K | $1.2M | $0 | — | View 990 |
| 2013 | $223K | $221K | $1.2M | $0 | — | View 990 |
| 2012 | $200K | $212K | $1.1M | $0 | — | View 990 |
| 2011 | $190K | $221K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $417K, expenses of $409K, and assets of $2.1M (revenue +7.0% year-over-year).
- 2022: Revenue of $390K, expenses of $364K, and assets of $1.9M (revenue +6.7% year-over-year).
- 2021: Revenue of $365K, expenses of $336K, and assets of $2.1M (revenue -13.2% year-over-year).
- 2020: Revenue of $421K, expenses of $325K, and assets of $1.8M (revenue +29.8% year-over-year).
- 2019: Revenue of $324K, expenses of $287K, and assets of $1.7M (revenue +18.3% year-over-year).
- 2018: Revenue of $274K, expenses of $244K, and assets of $1.4M (revenue +5.5% year-over-year).
- 2017: Revenue of $260K, expenses of $222K, and assets of $1.4M (revenue +6.4% year-over-year).
- 2016: Revenue of $244K, expenses of $217K, and assets of $1.3M (revenue -19.5% year-over-year).
- 2015: Revenue of $303K, expenses of $226K, and assets of $1.2M (revenue +61.4% year-over-year).
- 2014: Revenue of $188K, expenses of $225K, and assets of $1.2M (revenue -15.8% year-over-year).
- 2013: Revenue of $223K, expenses of $221K, and assets of $1.2M (revenue +11.6% year-over-year).
- 2012: Revenue of $200K, expenses of $212K, and assets of $1.1M (revenue +5.3% year-over-year).
- 2011: Revenue of $190K, expenses of $221K, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Memorial Ambulance Corps Isle Au Haut Stonington Deer Isle 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.