Mount Desert Medical Center
Mount Desert Medical Center maintains strong asset growth and zero liabilities with no reported officer compensation.
EIN: 16024421 · Ne Harbor, ME · NTEE: E22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $742K |
| Total Expenses | $59K |
| Program Spending | 90% |
| Net Assets | $2.6M |
| Transparency Score | 92/100 |
Is Mount Desert Medical Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Desert Medical Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Desert Medical Center
Mount Desert Medical Center (EIN: 16024421) is a nonprofit organization based in Ne Harbor, ME, classified under NTEE code E22Z. The organization reported total revenue of $742K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Desert Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Desert Medical Center is a small nonprofit that has been operating for 59 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $59K |
| Surplus / Deficit | +$26K |
| Total Assets | $2.6M |
| Net Assets | $2.6M |
| Operating Margin | 30.5% |
| Months of Reserves | 525.6 months |
Financial Health Grade: A
In 2023, Mount Desert Medical Center reported a surplus of $26K with revenue exceeding expenses, holds 525.6 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Mount Desert Medical Center's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.4% | +17.8% | +7.3% |
| 2022 | -35.0% | +6.8% | -6.1% |
| 2021 | +180.8% | -28.1% | +15.6% |
| 2020 | -43.6% | -4.0% | -1.9% |
| 2019 | -45.7% | +22.6% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Mount Desert Medical Center with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Mount Desert Medical Center allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $26K, with revenue exceeding expenses.
Executive Compensation Analysis
Mount Desert Medical Center reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.
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 Medical Center's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
The following positive indicators were identified for Mount Desert Medical Center:
- Consistent asset growth over a decade
- Zero liabilities reported across all filings
- No reported officer compensation, indicating volunteer leadership or highly efficient administration
- Expenses consistently lower than revenue in most periods, leading to positive net income
- Stable expense levels despite fluctuating revenue, showing good cost control
Frequently Asked Questions about Mount Desert Medical Center
Is Mount Desert Medical Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Desert Medical Center (EIN: 16024421) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Mount Desert Medical Center spend its money?
Mount Desert Medical Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Desert Medical Center tax-deductible?
Mount Desert Medical Center is registered as a tax-exempt nonprofit (EIN: 16024421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mount Desert Medical Center compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mount Desert Medical Center is above average for NTEE category E22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mount Desert Medical Center located?
Mount Desert Medical Center is headquartered in Ne Harbor, Maine and files with the IRS under EIN 16024421. It is classified under NTEE code E22Z.
How many years of IRS 990 filings does Mount Desert Medical Center have?
Mount Desert Medical Center has 12 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 $742K in total revenue.
Is Mount Desert Medical Center a good charity?
Based on the available IRS 990 data, Mount Desert Medical Center appears to be a financially sound organization with strong asset growth, zero liabilities, and no reported officer compensation, suggesting efficient use of resources and a volunteer-driven model. This indicates a high degree of financial responsibility.
How does Mount Desert Medical Center manage its expenses?
The organization consistently keeps its annual expenses relatively low, typically between $50,000 and $68,000, even as its assets have grown significantly. This suggests a lean operational model and effective cost control.
What is the trend in Mount Desert Medical Center's assets?
Mount Desert Medical Center has shown consistent asset growth over the past decade, increasing from $1,802,480 in 2014 to $2,598,198 in 2023, and currently stands at $3,093,183. This indicates strong financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Mount Desert Medical Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Mount Desert Medical Center's revenue has declined by 17%, moving from $103K to $85K. Total assets increased by 65.5% over the same period, from $1.6M to $2.6M. Total functional expenses rose by 15.6%, from $51K to $59K. In its most recent filing year (2023), Mount Desert Medical Center reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $59K | $2.6M | $0 | — | View 990 |
| 2022 | $114K | $50K | $2.4M | $0 | — | View 990 |
| 2021 | $176K | $47K | $2.6M | $0 | — | View 990 |
| 2020 | $63K | $66K | $2.2M | $0 | — | View 990 |
| 2019 | $111K | $68K | $2.3M | $0 | — | View 990 |
| 2018 | $205K | $56K | $2.1M | $0 | — | View 990 |
| 2017 | $87K | $53K | $2.0M | $0 | — | View 990 |
| 2016 | $90K | $53K | $2.0M | $0 | — | View 990 |
| 2015 | $69K | $55K | $1.8M | $0 | — | View 990 |
| 2014 | $95K | $53K | $1.8M | $0 | — | View 990 |
| 2013 | $99K | $54K | $1.7M | $0 | — | View 990 |
| 2012 | $103K | $51K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $59K, and assets of $2.6M (revenue -25.4% year-over-year).
- 2022: Revenue of $114K, expenses of $50K, and assets of $2.4M (revenue -35.0% year-over-year).
- 2021: Revenue of $176K, expenses of $47K, and assets of $2.6M (revenue +180.8% year-over-year).
- 2020: Revenue of $63K, expenses of $66K, and assets of $2.2M (revenue -43.6% year-over-year).
- 2019: Revenue of $111K, expenses of $68K, and assets of $2.3M (revenue -45.7% year-over-year).
- 2018: Revenue of $205K, expenses of $56K, and assets of $2.1M (revenue +135.7% year-over-year).
- 2017: Revenue of $87K, expenses of $53K, and assets of $2.0M (revenue -3.5% year-over-year).
- 2016: Revenue of $90K, expenses of $53K, and assets of $2.0M (revenue +31.2% year-over-year).
- 2015: Revenue of $69K, expenses of $55K, and assets of $1.8M (revenue -28.2% year-over-year).
- 2014: Revenue of $95K, expenses of $53K, and assets of $1.8M (revenue -3.3% year-over-year).
- 2013: Revenue of $99K, expenses of $54K, and assets of $1.7M (revenue -4.1% year-over-year).
- 2012: Revenue of $103K, expenses of $51K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Desert Medical Center:
Data Sources and Methodology
This transparency report for Mount Desert Medical Center 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.