Mid Coast Geriatric Services Corp
Mid Coast Geriatric Services Corp faces recent operating deficits despite stable revenue and asset base.
EIN: 10496221 · Brunswick, ME · NTEE: E20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.7M |
| Total Expenses | $13.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $1.7M |
| Transparency Score | 65/100 |
Is Mid Coast Geriatric Services Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mid Coast Geriatric Services Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mid Coast Geriatric Services Corp
Mid Coast Geriatric Services Corp (EIN: 10496221) is a nonprofit organization based in Brunswick, ME, classified under NTEE code E20. The organization reported total revenue of $12.7M and total assets of $15.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Coast Geriatric Services Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid Coast Geriatric Services Corp is a large nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.4M |
| Total Expenses | $13.5M |
| Surplus / Deficit | $-1,066,460 |
| Total Assets | $14.0M |
| Total Liabilities | $12.2M |
| Net Assets | $1.7M |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 87.6% |
| Months of Reserves | 12.4 months |
Financial Health Grade: C
In 2023, Mid Coast Geriatric Services Corp reported a deficit of $1.1M with expenses exceeding revenue, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 87.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mid Coast Geriatric Services Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.7% | -3.5% | -4.8% |
| 2022 | +15.6% | +28.9% | -16.9% |
| 2021 | -12.9% | +3.5% | +6.8% |
| 2020 | +1.4% | +6.1% | -2.0% |
| 2019 | +2.9% | +1.1% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Mid Coast Geriatric Services Corp with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Mid Coast Geriatric Services Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 87.6%.
Executive Compensation Analysis
Mid Coast Geriatric Services Corp consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with over $12 million in annual revenue.
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 Mid Coast Geriatric Services Corp's IRS 990 filings:
- Consistent operating deficits in recent years (2021-2023), with expenses exceeding revenue by over $1 million in 2023 and nearly $3 million in 2022.
- Unusually low (0%) reported officer compensation for an organization with over $12 million in annual revenue, which may obscure actual leadership compensation.
Strengths
The following positive indicators were identified for Mid Coast Geriatric Services Corp:
- Long and consistent filing history (13 filings), indicating established operations and compliance.
- Stable asset base, generally above $13 million, providing some financial cushion.
- Transparency in reporting 0% officer compensation, even if the underlying compensation structure requires further clarification.
Frequently Asked Questions about Mid Coast Geriatric Services Corp
Is Mid Coast Geriatric Services Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Mid Coast Geriatric Services Corp (EIN: 10496221) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Mid Coast Geriatric Services Corp spend its money?
Mid Coast Geriatric Services Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mid Coast Geriatric Services Corp tax-deductible?
Mid Coast Geriatric Services Corp is registered as a tax-exempt nonprofit (EIN: 10496221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mid Coast Geriatric Services Corp CEO make?
Mid Coast Geriatric Services Corp's highest-compensated officer earns $12 annually. The organization reported $12.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mid Coast Geriatric Services Corp's spending goes to programs?
Mid Coast Geriatric Services Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mid Coast Geriatric Services Corp compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mid Coast Geriatric Services Corp is above average for NTEE category E20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mid Coast Geriatric Services Corp located?
Mid Coast Geriatric Services Corp is headquartered in Brunswick, Maine and files with the IRS under EIN 10496221. It is classified under NTEE code E20.
How many years of IRS 990 filings does Mid Coast Geriatric Services Corp have?
Mid Coast Geriatric Services Corp 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 $12.7M in total revenue.
Why has Mid Coast Geriatric Services Corp experienced operating deficits in recent years?
The organization's expenses exceeded revenue by $1,066,460 in 2023 and $2,956,891 in 2022. Further analysis of their detailed expense breakdown would be needed to identify the specific drivers of these deficits.
How does Mid Coast Geriatric Services Corp sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation suggests either a volunteer leadership model or that compensation for key personnel is categorized differently within their financial statements, such as under program or administrative expenses, rather than direct officer compensation.
What is the organization's strategy to address the recent trend of expenses exceeding revenue?
The filings indicate a pattern of spending more than revenue in the last three periods (2021-2023). Without further information, it's unclear what strategies are in place to return to financial sustainability.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A full IRS Form 990 would be required to ascertain these specific percentages.
Filing History
IRS 990 filing history for Mid Coast Geriatric Services Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mid Coast Geriatric Services Corp's revenue has grown by 42%, moving from $8.7M to $12.4M. Total assets increased by 8.7% over the same period, from $12.8M to $14.0M. Total functional expenses rose by 56%, from $8.6M to $13.5M. In its most recent filing year (2023), Mid Coast Geriatric Services Corp reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $12.2M in liabilities against $14.0M in assets (debt-to-asset ratio: 87.6%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.4M | $13.5M | $14.0M | $12.2M | — | — |
| 2022 | $11.0M | $13.9M | $14.7M | $11.8M | — | View 990 |
| 2021 | $9.5M | $10.8M | $17.6M | $11.7M | — | View 990 |
| 2020 | $10.9M | $10.5M | $16.5M | $9.3M | — | View 990 |
| 2019 | $10.8M | $9.9M | $16.9M | $9.7M | — | View 990 |
| 2018 | $10.5M | $9.7M | $15.5M | $9.2M | — | View 990 |
| 2017 | $12.3M | $9.7M | $15.1M | $9.5M | — | View 990 |
| 2016 | $9.8M | $9.8M | $12.9M | $9.9M | — | View 990 |
| 2015 | $10.0M | $9.3M | $13.2M | $10.2M | — | View 990 |
| 2014 | $9.4M | $8.8M | $13.6M | $11.4M | — | View 990 |
| 2013 | $8.8M | $8.7M | $12.8M | $11.2M | — | View 990 |
| 2012 | $8.6M | $8.7M | $13.2M | $11.7M | — | View 990 |
| 2011 | $8.7M | $8.6M | $12.8M | $11.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.4M, expenses of $13.5M, and assets of $14.0M (revenue +12.7% year-over-year).
- 2022: Revenue of $11.0M, expenses of $13.9M, and assets of $14.7M (revenue +15.6% year-over-year).
- 2021: Revenue of $9.5M, expenses of $10.8M, and assets of $17.6M (revenue -12.9% year-over-year).
- 2020: Revenue of $10.9M, expenses of $10.5M, and assets of $16.5M (revenue +1.4% year-over-year).
- 2019: Revenue of $10.8M, expenses of $9.9M, and assets of $16.9M (revenue +2.9% year-over-year).
- 2018: Revenue of $10.5M, expenses of $9.7M, and assets of $15.5M (revenue -14.8% year-over-year).
- 2017: Revenue of $12.3M, expenses of $9.7M, and assets of $15.1M (revenue +25.5% year-over-year).
- 2016: Revenue of $9.8M, expenses of $9.8M, and assets of $12.9M (revenue -2.2% year-over-year).
- 2015: Revenue of $10.0M, expenses of $9.3M, and assets of $13.2M (revenue +6.4% year-over-year).
- 2014: Revenue of $9.4M, expenses of $8.8M, and assets of $13.6M (revenue +6.2% year-over-year).
- 2013: Revenue of $8.8M, expenses of $8.7M, and assets of $12.8M (revenue +3.1% year-over-year).
- 2012: Revenue of $8.6M, expenses of $8.7M, and assets of $13.2M (revenue -1.8% year-over-year).
- 2011: Revenue of $8.7M, expenses of $8.6M, and assets of $12.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid Coast Geriatric Services Corp:
Data Sources and Methodology
This transparency report for Mid Coast Geriatric Services Corp 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.