Mount Desert Island Marathon Inc

Mount Desert Island Marathon Inc. operates with no officer compensation and fluctuating but generally lean finances.

EIN: 20688679 · Bar Harbor, ME · NTEE: T30 · Updated: 2026-03-28

$58KRevenue

$13KAssets

85/100Mission Score (Excellent)

T30

About Mount Desert Island Marathon Inc

Mount Desert Island Marathon Inc (EIN: 20688679) is a nonprofit organization based in Bar Harbor, ME, classified under NTEE code T30. The organization reported total revenue of $58K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Desert Island Marathon Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mount Desert Island Marathon Inc. demonstrates a consistent commitment to its program services, with a significant portion of its expenses directed towards its mission. For example, in 2023, with revenues of $64,882 and expenses of $59,063, the organization appears to be operating efficiently. The organization's assets have fluctuated, from a high of $17,701 in 2014 to a low of $0 in 2018, and currently stand at $9,572 in 2023, indicating a lean operational model. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership, which is a positive indicator for donor confidence and efficient use of funds.

However, the organization has experienced periods of deficit spending, such as in 2017 where expenses ($222,284) exceeded revenue ($187,798), and in 2022 where expenses ($27,540) exceeded revenue ($21,008). While these deficits are not uncommon for event-based organizations, consistent monitoring of financial stability is important. The organization's liabilities have also varied, reaching $31,439 in 2017, but have been $0 in recent years (2021, 2022, 2023), indicating improved financial management and a reduction in debt burden.

Overall, Mount Desert Island Marathon Inc. appears to be a transparent organization, consistently filing its IRS Form 990s and reporting no officer compensation. Its financial health, while showing some fluctuations in revenue and expenses, generally reflects a focus on program delivery with minimal overhead from executive salaries. The recent trend of zero liabilities is a strong positive for its financial stability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mount Desert Island Marathon Inc 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Mount Desert Island Marathon Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Mount Desert Island Marathon Inc. consistently reports 0% officer compensation across all available filings, indicating a volunteer-led organization with no executive salaries, which is highly efficient for a nonprofit of its size.

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 Mount Desert Island Marathon Inc's IRS 990 filings:

Periods of deficit spending (e.g., 2017, 2022) where expenses exceeded revenue.
Significant fluctuations in revenue and assets over the years, indicating potential unpredictability in funding or event success.

Strengths

The following positive indicators were identified for Mount Desert Island Marathon Inc:

Consistent reporting of 0% officer compensation, indicating a volunteer-led and highly efficient leadership.
Recent trend of zero liabilities (2021, 2022, 2023), demonstrating strong debt management.
Consistent filing of IRS Form 990s, indicating good transparency.
Generally lean operations with a focus on program delivery, as evidenced by expense ratios.

Frequently Asked Questions about Mount Desert Island Marathon Inc

Is Mount Desert Island Marathon Inc. financially stable?

While the organization has experienced periods of deficit spending (e.g., 2017, 2022), its recent filings show positive net income (e.g., $5,819 in 2023) and zero liabilities, suggesting improved financial stability.

How does Mount Desert Island Marathon Inc. manage its overhead?

The organization manages overhead exceptionally well by reporting 0% officer compensation in all available filings, indicating a volunteer-driven leadership structure.

What is the trend in the organization's assets?

Assets have fluctuated significantly, from a high of $17,701 in 2014 to $0 in 2018, and are currently $9,572 in 2023, showing variability but a recent positive trend.

Filing History

IRS 990 filing history for Mount Desert Island Marathon Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mount Desert Island Marathon Inc's revenue has declined by 55.6%, moving from $146K to $65K. Total assets decreased by 64% over the same period, from $27K to $10K. Total functional expenses fell by 57.6%, from $139K to $59K. In its most recent filing year (2023), Mount Desert Island Marathon Inc reported a surplus of $6K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$65K	$59K	$10K	$0	—	View 990
2022	$21K	$28K	$4K	$0	—	View 990
2021	$19K	$20K	$10K	$0	—	—
2020	$27K	$8K	$12K	$0	—	View 990
2019	$30K	$8K	$16K	$24K	—	View 990
2018	$185K	$185K	$0	$29K	—	View 990
2017	$188K	$222K	$2K	$31K	—	View 990
2016	$187K	$199K	$5K	$0	—	View 990
2015	$161K	$161K	$17K	$0	—	View 990
2014	$137K	$146K	$18K	$0	—	View 990
2013	$186K	$172K	$26K	$0	—	View 990
2012	$140K	$154K	$12K	$0	—	View 990
2011	$146K	$139K	$27K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $65K, expenses of $59K, and assets of $10K (revenue +208.8% year-over-year).
2022: Revenue of $21K, expenses of $28K, and assets of $4K (revenue +12.6% year-over-year).
2021: Revenue of $19K, expenses of $20K, and assets of $10K (revenue -31.9% year-over-year).
2020: Revenue of $27K, expenses of $8K, and assets of $12K (revenue -9.1% year-over-year).
2019: Revenue of $30K, expenses of $8K, and assets of $16K (revenue -83.7% year-over-year).
2018: Revenue of $185K, expenses of $185K, and assets of $0 (revenue -1.6% year-over-year).
2017: Revenue of $188K, expenses of $222K, and assets of $2K (revenue +0.6% year-over-year).
2016: Revenue of $187K, expenses of $199K, and assets of $5K (revenue +16.2% year-over-year).
2015: Revenue of $161K, expenses of $161K, and assets of $17K (revenue +17.2% year-over-year).
2014: Revenue of $137K, expenses of $146K, and assets of $18K (revenue -26.3% year-over-year).
2013: Revenue of $186K, expenses of $172K, and assets of $26K (revenue +32.7% year-over-year).
2012: Revenue of $140K, expenses of $154K, and assets of $12K (revenue -4.2% year-over-year).
2011: Revenue of $146K, expenses of $139K, and assets of $27K.

Data Sources and Methodology

This transparency report for Mount Desert Island Marathon 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.