Nordx
Nordx maintains strong financial health with consistent surpluses and significant asset growth over the past decade.
EIN: 10511356 · Scarborough, ME · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $109.7M |
| Total Expenses | $98.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $121.3M |
| Transparency Score | 85/100 |
Is Nordx Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nordx directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nordx
Nordx (EIN: 10511356) is a nonprofit organization based in Scarborough, ME, classified under NTEE code E99. The organization reported total revenue of $109.7M and total assets of $46.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nordx's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nordx is a major nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107.3M |
| Total Expenses | $98.8M |
| Surplus / Deficit | +$8.5M |
| Total Assets | $134.6M |
| Total Liabilities | $13.3M |
| Net Assets | $121.3M |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 9.9% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2023, Nordx reported a surplus of $8.5M with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nordx's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.6% | -0.3% | +5.2% |
| 2022 | -5.6% | +4.7% | +21.0% |
| 2021 | +61.6% | +25.3% | +70.2% |
| 2020 | +9.5% | +2.9% | +23.1% |
| 2019 | +3.0% | +3.7% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Nordx 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nordx 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of Nordx's size with over $100 million in annual revenue. This suggests that officers may be uncompensated volunteers, or their compensation is reported under other expense categories, requiring further scrutiny of the full 990 forms.
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 Nordx's IRS 990 filings:
- Unusually low (0%) reported officer compensation for a large organization, warranting further investigation into compensation structures.
Strengths
The following positive indicators were identified for Nordx:
- Consistent revenue growth over the past decade, demonstrating financial stability.
- Healthy operating surpluses year over year, indicating sound financial management (e.g., $8.46 million surplus in 2023).
- Significant growth in assets, from $30.9 million in 2014 to $134.5 million in 2023, enhancing long-term capacity.
- Strong financial health with assets significantly exceeding liabilities (e.g., $134.5 million assets vs. $13.3 million liabilities in 2023).
Frequently Asked Questions about Nordx
Is Nordx a legitimate charity?
Based on AI analysis of IRS 990 filings, Nordx (EIN: 10511356) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Nordx spend its money?
Nordx directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nordx tax-deductible?
Nordx is registered as a tax-exempt nonprofit (EIN: 10511356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nordx CEO make?
Nordx's highest-compensated officer earns $100 annually. The organization reported $109.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nordx's spending goes to programs?
Nordx directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nordx compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nordx is above average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nordx located?
Nordx is headquartered in Scarborough, Maine and files with the IRS under EIN 10511356. It is classified under NTEE code E99.
How many years of IRS 990 filings does Nordx have?
Nordx 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 $109.7M in total revenue.
How does Nordx manage to report 0% officer compensation despite its large revenue?
The consistent reporting of 0% officer compensation across all filings for an organization with over $100 million in revenue is highly unusual. This could mean that officers are uncompensated volunteers, or their compensation is included in other expense categories, or they are compensated by a related entity. A deeper dive into the full 990 forms, specifically Part VII, Section A, would be necessary to understand this structure.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To assess spending efficiency accurately, one would need to examine the full IRS Form 990, Part IX, Statement of Functional Expenses, to see how the total expenses of, for example, $98,841,806 in 2023 are allocated.
What is the nature of Nordx's NTEE code E99 and its impact on financial analysis?
NTEE code E99 typically refers to 'Other Health Care' or 'Health Care, General and Rehabilitative - Not Elsewhere Classified'. This broad category suggests Nordx is involved in health-related services. Understanding the specific programs under this umbrella would provide better context for evaluating the effectiveness and impact of its substantial financial resources.
Filing History
IRS 990 filing history for Nordx showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nordx's revenue has grown by 93%, moving from $55.6M to $107.3M. Total assets increased by 529.2% over the same period, from $21.4M to $134.6M. Total functional expenses rose by 85.8%, from $53.2M to $98.8M. In its most recent filing year (2023), Nordx reported a surplus of $8.5M, with revenue exceeding expenses. The organization holds $13.3M in liabilities against $134.6M in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $121.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107.3M | $98.8M | $134.6M | $13.3M | — | — |
| 2022 | $133.5M | $99.2M | $127.9M | $15.8M | — | View 990 |
| 2021 | $141.5M | $94.7M | $105.8M | $14.4M | — | View 990 |
| 2020 | $87.6M | $75.6M | $62.2M | $13.2M | — | View 990 |
| 2019 | $80.0M | $73.5M | $50.5M | $12.5M | — | View 990 |
| 2018 | $77.7M | $70.9M | $45.7M | $12.8M | — | View 990 |
| 2017 | $73.1M | $67.7M | $42.2M | $13.2M | — | View 990 |
| 2016 | $72.0M | $66.2M | $36.7M | $10.7M | — | View 990 |
| 2015 | $66.6M | $61.8M | $33.2M | $11.1M | — | View 990 |
| 2014 | $63.1M | $58.8M | $30.9M | $9.7M | — | View 990 |
| 2013 | $62.5M | $59.2M | $26.1M | $8.9M | — | View 990 |
| 2012 | $54.9M | $52.2M | $23.6M | $7.7M | — | View 990 |
| 2011 | $55.6M | $53.2M | $21.4M | $8.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $107.3M, expenses of $98.8M, and assets of $134.6M (revenue -19.6% year-over-year).
- 2022: Revenue of $133.5M, expenses of $99.2M, and assets of $127.9M (revenue -5.6% year-over-year).
- 2021: Revenue of $141.5M, expenses of $94.7M, and assets of $105.8M (revenue +61.6% year-over-year).
- 2020: Revenue of $87.6M, expenses of $75.6M, and assets of $62.2M (revenue +9.5% year-over-year).
- 2019: Revenue of $80.0M, expenses of $73.5M, and assets of $50.5M (revenue +3.0% year-over-year).
- 2018: Revenue of $77.7M, expenses of $70.9M, and assets of $45.7M (revenue +6.3% year-over-year).
- 2017: Revenue of $73.1M, expenses of $67.7M, and assets of $42.2M (revenue +1.5% year-over-year).
- 2016: Revenue of $72.0M, expenses of $66.2M, and assets of $36.7M (revenue +8.0% year-over-year).
- 2015: Revenue of $66.6M, expenses of $61.8M, and assets of $33.2M (revenue +5.6% year-over-year).
- 2014: Revenue of $63.1M, expenses of $58.8M, and assets of $30.9M (revenue +1.0% year-over-year).
- 2013: Revenue of $62.5M, expenses of $59.2M, and assets of $26.1M (revenue +13.8% year-over-year).
- 2012: Revenue of $54.9M, expenses of $52.2M, and assets of $23.6M (revenue -1.2% year-over-year).
- 2011: Revenue of $55.6M, expenses of $53.2M, and assets of $21.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nordx:
Data Sources and Methodology
This transparency report for Nordx 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.