Midcoast Conservancy
Midcoast Conservancy: Strong Asset Growth, Consistent Program Spending
EIN: 222658964 · Waldoboro, ME · NTEE: C320 · Updated: 2026-04-04
About Midcoast Conservancy
Midcoast Conservancy (EIN: 222658964) is a nonprofit organization based in Waldoboro, ME, classified under NTEE code C320. The organization reported total revenue of $2.5M and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midcoast Conservancy'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 Midcoast Conservancy 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Midcoast Conservancy allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no reportable compensation for key employees, which is unusual for an organization of this 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 Midcoast Conservancy's IRS 990 filings:
- The 'c0%' in all financial filings for executive compensation is a red flag, as it's highly improbable that an organization with revenues exceeding $2 million has no reportable executive compensation.
Strengths
The following positive indicators were identified for Midcoast Conservancy:
- Consistent growth in total assets, from $6.4 million in 2016 to over $11 million in 2023, indicates strong financial health and donor confidence.
- Revenue has shown a positive trend, with a significant increase from $850,771 in 2016 to $2,820,623 in 2023, demonstrating effective fundraising and support.
- The organization consistently allocates a substantial portion of its expenses to programs, indicating a focus on its mission.
Frequently Asked Questions about Midcoast Conservancy
What does Midcoast Conservancy do?
Midcoast Conservancy is a nonprofit organization in the Environment sector, located in Waldoboro, Maine. It is classified under NTEE code C320.
How much revenue does Midcoast Conservancy have?
Midcoast Conservancy reported total revenue of $2,488,564. Based on 13 IRS 990 filings on record.
What are Midcoast Conservancy's total assets?
Midcoast Conservancy holds total assets of $11,008,428 as reported in IRS 990 filings.
Where is Midcoast Conservancy located?
Midcoast Conservancy is based in Waldoboro, Maine.
What is Midcoast Conservancy's EIN?
Midcoast Conservancy's Employer Identification Number (EIN) is 222658964. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Midcoast Conservancy?
Midcoast Conservancy is classified under NTEE code C320 (Environment).
Is Midcoast Conservancy a registered 501(c)(3)?
Yes, Midcoast Conservancy is recognized as a tax-exempt organization by the IRS. EIN: 222658964.
Does Midcoast Conservancy file IRS Form 990?
Yes, Midcoast Conservancy has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Midcoast Conservancy's revenue in 2023?
In the 202306 filing period, Midcoast Conservancy reported total revenue of $2,820,623, total expenses of $1,987,497, and net assets of $12,943,982.
Is Midcoast Conservancy's revenue growing or declining?
Midcoast Conservancy's revenue is growing. Revenue went from $2,280,236 (202206) to $2,820,623 (202306), a +23.7% change. Based on 13 filings on record.
What is Midcoast Conservancy's most recent 990 filing?
The most recent IRS Form 990 filing for Midcoast Conservancy covers tax period 202306. It shows revenue of $2,820,623, expenses of $1,987,497, total assets of $12,943,982, and liabilities of $1,162,782.
How much does Midcoast Conservancy spend on programs vs administration?
Based on IRS 990 analysis, Midcoast Conservancy allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Midcoast Conservancy a trustworthy charity?
Based on AI analysis of IRS 990 data, Midcoast Conservancy appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Midcoast Conservancy?
The following concerns were identified: The 'c0%' in all financial filings for executive compensation is a red flag, as it's highly improbable that an organization with revenues exceeding $2 million has no reportable executive compensation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Midcoast Conservancy's strengths?
Positive indicators for Midcoast Conservancy include: Consistent growth in total assets, from $6.4 million in 2016 to over $11 million in 2023, indicates strong financial health and donor confidence.. Revenue has shown a positive trend, with a significant increase from $850,771 in 2016 to $2,820,623 in 2023, demonstrating effective fundraising and support.. The organization consistently allocates a substantial portion of its expenses to programs, indicating a focus on its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Midcoast Conservancy compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no reportable compensation for key employees, which is unusual for an organization of this size and revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for executive compensation across all years, how does Midcoast Conservancy manage its leadership and operational oversight without reportable executive salaries?
The 'c0%' for executive compensation in the filings is highly unusual for an organization of this scale. It could indicate that key leadership roles are filled by volunteers, compensated through non-reportable means, or that the reporting method for compensation is not fully transparent in the provided data. Further investigation into their 990 forms would be necessary to understand how leadership is compensated and managed.
What factors contributed to the significant jump in total assets from $8.3 million in 2018 to $13.8 million in 2019, and then to $14.2 million in 2020?
The substantial increase in total assets between 2018 and 2019, and continued growth into 2020, suggests significant capital campaigns, large donations, or successful investment strategies. This could also indicate the acquisition of new land or property, aligning with a conservancy's mission. Without more detailed financial statements, the exact nature of these asset increases remains speculative but points to strong financial development.
Filing History
IRS 990 filing history for Midcoast Conservancy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midcoast Conservancy's revenue has grown by 1563.8%, moving from $170K to $2.8M. Total assets increased by 320.2% over the same period, from $3.1M to $12.9M. Total functional expenses rose by 953.1%, from $189K to $2.0M. In its most recent filing year (2023), Midcoast Conservancy reported a surplus of $833K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $12.9M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $11.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.0M | $12.9M | $1.2M | — | — |
| 2022 | $2.3M | $1.5M | $15.3M | $564K | — | View 990 |
| 2021 | $1.4M | $1.2M | $14.9M | $621K | — | — |
| 2020 | $1.1M | $716K | $14.3M | $575K | — | View 990 |
| 2019 | $2.0M | $1.4M | $13.8M | $460K | — | View 990 |
| 2018 | $1.8M | $996K | $8.3M | $457K | — | View 990 |
| 2017 | $1.7M | $925K | $8.7M | $1.5M | — | View 990 |
| 2016 | $851K | $814K | $6.5M | $49K | — | View 990 |
| 2015 | $431K | $259K | $3.4M | $56K | — | View 990 |
| 2014 | $266K | $209K | $3.2M | $24K | — | View 990 |
| 2013 | $254K | $197K | $3.2M | $31K | — | View 990 |
| 2012 | $196K | $214K | $3.1M | $41K | — | View 990 |
| 2011 | $170K | $189K | $3.1M | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.0M, and assets of $12.9M (revenue +23.7% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.5M, and assets of $15.3M (revenue +63.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $14.9M (revenue +22.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $716K, and assets of $14.3M (revenue -41.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.4M, and assets of $13.8M (revenue +9.6% year-over-year).
- 2018: Revenue of $1.8M, expenses of $996K, and assets of $8.3M (revenue +6.9% year-over-year).
- 2017: Revenue of $1.7M, expenses of $925K, and assets of $8.7M (revenue +95.8% year-over-year).
- 2016: Revenue of $851K, expenses of $814K, and assets of $6.5M (revenue +97.5% year-over-year).
- 2015: Revenue of $431K, expenses of $259K, and assets of $3.4M (revenue +61.8% year-over-year).
- 2014: Revenue of $266K, expenses of $209K, and assets of $3.2M (revenue +4.9% year-over-year).
- 2013: Revenue of $254K, expenses of $197K, and assets of $3.2M (revenue +29.7% year-over-year).
- 2012: Revenue of $196K, expenses of $214K, and assets of $3.1M (revenue +15.5% year-over-year).
- 2011: Revenue of $170K, expenses of $189K, and assets of $3.1M.
Data Sources and Methodology
This transparency report for Midcoast Conservancy 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.