Mid Coast Health Net Inc

Mid Coast Health Net Inc shows consistent revenue growth and healthy asset accumulation with no reported officer compensation.

EIN: 10528885 · Rockland, ME · NTEE: E30 · Updated: 2026-03-28

$1.3MRevenue

$4.0MAssets

90/100Mission Score (Excellent)

E30

About Mid Coast Health Net Inc

Mid Coast Health Net Inc (EIN: 10528885) is a nonprofit organization based in Rockland, ME, classified under NTEE code E30. The organization reported total revenue of $1.3M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Coast Health Net Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mid Coast Health Net Inc demonstrates a strong and consistent financial trajectory, with revenue growing significantly from $230,335 in 2014 to $914,606 in 2023. The organization consistently operates with a surplus, as evidenced by expenses generally being lower than revenue across most years, contributing to a healthy growth in assets from $187,957 in 2014 to $785,484 in 2023. This indicates effective financial management and an ability to build reserves.

The organization's spending efficiency appears robust, particularly given the consistent absence of reported officer compensation across all available filings. This suggests that resources are being directed towards programmatic activities and operational needs rather than high executive salaries. The low liabilities reported in most years also point to sound financial practices and a low-risk profile. While specific program spending percentages are not detailed in the provided data, the overall financial health and growth are positive indicators.

In terms of transparency, the consistent filing of IRS Form 990s over a decade is a strong positive. The absence of officer compensation is a notable transparency point, indicating that the organization is not allocating funds to executive salaries. To further enhance transparency, a detailed breakdown of program, administrative, and fundraising expenses would be beneficial, though the overall financial health suggests a well-managed operation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mid Coast Health Net 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, Mid Coast Health Net 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.

Executive Compensation Analysis

Mid Coast Health Net Inc has consistently reported 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and 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 Health Net Inc's IRS 990 filings:

Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data, making precise efficiency analysis difficult.
The consistent 0% officer compensation is highly unusual for an organization of this size and could indicate that compensation is being reported in other categories or that leadership is entirely volunteer-based, which might raise questions about sustainability or professional management capacity if not clarified.

Strengths

The following positive indicators were identified for Mid Coast Health Net Inc:

Consistent and significant revenue growth over the past decade, from $230,335 in 2014 to $914,606 in 2023.
Healthy asset accumulation, growing from $187,957 in 2014 to $785,484 in 2023, indicating strong financial management.
Consistently low liabilities, suggesting sound financial health and low financial risk.
No reported officer compensation across all filings, implying a high dedication of funds to the mission.
Consistent operation with a surplus, as expenses are generally lower than revenue, contributing to financial stability.

Frequently Asked Questions about Mid Coast Health Net Inc

Is Mid Coast Health Net Inc a good charity?

Based on the provided financial data, Mid Coast Health Net Inc appears to be a financially healthy and well-managed organization. It demonstrates consistent revenue growth, asset accumulation, and a notable absence of officer compensation, suggesting a strong focus on its mission and efficient use of funds. The low liabilities also indicate sound financial practices.

How has Mid Coast Health Net Inc's revenue changed over time?

Mid Coast Health Net Inc has experienced significant revenue growth, increasing from $230,335 in 2014 to $914,606 in 2023, with the latest reported revenue at $1,338,895. This represents a substantial upward trend over the past decade.

What is the organization's asset growth like?

The organization's assets have grown substantially, from $187,957 in 2014 to $785,484 in 2023, and currently stand at $4,011,909. This indicates effective financial management and the ability to build reserves.

Does Mid Coast Health Net Inc pay its officers?

According to all available IRS 990 filings from 2014 to 2023, Mid Coast Health Net Inc has consistently reported 0% officer compensation, indicating that no salaries are paid to its officers.

Filing History

IRS 990 filing history for Mid Coast Health Net Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mid Coast Health Net Inc's revenue has grown by 509.9%, moving from $150K to $915K. Total assets increased by 266% over the same period, from $215K to $785K. Total functional expenses rose by 489.3%, from $143K to $845K. In its most recent filing year (2023), Mid Coast Health Net Inc reported a surplus of $69K, with revenue exceeding expenses. The organization holds $53K in liabilities against $785K in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $733K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$915K	$845K	$785K	$53K	—	—
2022	$495K	$485K	$689K	$28K	—	View 990
2021	$488K	$335K	$654K	$3K	—	View 990
2020	$415K	$289K	$542K	$43K	—	View 990
2019	$347K	$294K	$373K	$0	—	—
2018	$283K	$292K	$328K	$8K	—	View 990
2017	$281K	$276K	$330K	$0	—	View 990
2016	$283K	$259K	$394K	$0	—	View 990
2015	$394K	$209K	$369K	$0	—	View 990
2014	$230K	$257K	$188K	$4K	—	View 990
2013	$185K	$180K	$255K	$49K	—	View 990
2012	$155K	$148K	$209K	$3K	—	View 990
2011	$150K	$143K	$215K	$16K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $915K, expenses of $845K, and assets of $785K (revenue +84.7% year-over-year).
2022: Revenue of $495K, expenses of $485K, and assets of $689K (revenue +1.6% year-over-year).
2021: Revenue of $488K, expenses of $335K, and assets of $654K (revenue +17.7% year-over-year).
2020: Revenue of $415K, expenses of $289K, and assets of $542K (revenue +19.4% year-over-year).
2019: Revenue of $347K, expenses of $294K, and assets of $373K (revenue +22.8% year-over-year).
2018: Revenue of $283K, expenses of $292K, and assets of $328K (revenue +0.4% year-over-year).
2017: Revenue of $281K, expenses of $276K, and assets of $330K (revenue -0.6% year-over-year).
2016: Revenue of $283K, expenses of $259K, and assets of $394K (revenue -28.1% year-over-year).
2015: Revenue of $394K, expenses of $209K, and assets of $369K (revenue +71.0% year-over-year).
2014: Revenue of $230K, expenses of $257K, and assets of $188K (revenue +24.4% year-over-year).
2013: Revenue of $185K, expenses of $180K, and assets of $255K (revenue +19.3% year-over-year).
2012: Revenue of $155K, expenses of $148K, and assets of $209K (revenue +3.5% year-over-year).
2011: Revenue of $150K, expenses of $143K, and assets of $215K.

Data Sources and Methodology

This transparency report for Mid Coast Health Net 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.