Northeast Occupational Exchange Inc
Northeast Occupational Exchange Inc. navigates declining revenue with recent financial surplus and no officer compensation.
EIN: 10346613 · Bangor, ME · NTEE: J300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $136K |
| Transparency Score | 85/100 |
Is Northeast Occupational Exchange Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeast Occupational Exchange Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeast Occupational Exchange Inc
Northeast Occupational Exchange Inc (EIN: 10346613) is a nonprofit organization based in Bangor, ME, classified under NTEE code J300. The organization reported total revenue of $1.4M and total assets of $778K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Occupational Exchange Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeast Occupational Exchange Inc is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$229K |
| Total Assets | $547K |
| Total Liabilities | $411K |
| Net Assets | $136K |
| Operating Margin | 14.6% |
| Debt-to-Asset Ratio | 75.2% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, Northeast Occupational Exchange Inc reported a surplus of $229K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 75.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northeast Occupational Exchange Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | -7.7% | +47.6% |
| 2022 | -2.8% | -12.8% | -39.6% |
| 2021 | +2.8% | -3.2% | -18.8% |
| 2020 | -6.3% | -11.0% | +25.1% |
| 2019 | -11.2% | -14.1% | -34.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Northeast Occupational Exchange 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Northeast Occupational Exchange 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $229K, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests a strong commitment to program spending.
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 Northeast Occupational Exchange Inc's IRS 990 filings:
- Significant long-term decline in revenue (over 55% from 2014 to 2023)
- Consistent operating deficits in several recent years (e.g., 2018-2021)
- Shrinking asset base over the past decade
Strengths
The following positive indicators were identified for Northeast Occupational Exchange Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive costs
- Positive net income in the most recent fiscal period (202306), reversing previous deficits
- Strong program focus, with resources directed away from administrative and fundraising overhead
- Transparency through consistent IRS 990 filings
Frequently Asked Questions about Northeast Occupational Exchange Inc
Is Northeast Occupational Exchange Inc a legitimate charity?
Northeast Occupational Exchange Inc (EIN: 10346613) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Northeast Occupational Exchange Inc spend its money?
Northeast Occupational Exchange Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Northeast Occupational Exchange Inc tax-deductible?
Northeast Occupational Exchange Inc is registered as a tax-exempt nonprofit (EIN: 10346613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northeast Occupational Exchange Inc's spending goes to programs?
Northeast Occupational Exchange Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northeast Occupational Exchange Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Northeast Occupational Exchange Inc is above average for NTEE category J300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northeast Occupational Exchange Inc located?
Northeast Occupational Exchange Inc is headquartered in Bangor, Maine and files with the IRS under EIN 10346613. It is classified under NTEE code J300.
How many years of IRS 990 filings does Northeast Occupational Exchange Inc have?
Northeast Occupational Exchange Inc 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 $1.4M in total revenue.
Is Northeast Occupational Exchange Inc. financially stable?
While the organization has experienced a significant decline in revenue and assets over the past decade, the most recent filing (202306) shows a positive net income of $228,692 ($1,565,572 revenue - $1,336,880 expenses), suggesting a recent improvement in financial stability after several years of operating deficits.
How has the organization's revenue trended over time?
Northeast Occupational Exchange Inc. has seen a substantial decrease in revenue, from a peak of $3,551,380 in 201406 to $1,565,572 in 202306, representing a decline of over 55% in a decade.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no officers are paid by the organization, which is a strong positive for directing funds to its mission.
Are the organization's assets growing or shrinking?
The organization's assets have generally been shrinking over the long term, from $1,670,508 in 201406 to $546,833 in 202306. However, there was a recent increase from $370,365 in 202206 to $546,833 in 202306.
Filing History
IRS 990 filing history for Northeast Occupational Exchange Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northeast Occupational Exchange Inc's revenue has declined by 68.1%, moving from $4.9M to $1.6M. Total assets decreased by 82.9% over the same period, from $3.2M to $547K. Total functional expenses fell by 73.8%, from $5.1M to $1.3M. In its most recent filing year (2023), Northeast Occupational Exchange Inc reported a surplus of $229K, with revenue exceeding expenses. The organization holds $411K in liabilities against $547K in assets (debt-to-asset ratio: 75.2%), resulting in net assets of $136K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.3M | $547K | $411K | — | View 990 |
| 2022 | $1.5M | $1.4M | $370K | $463K | — | View 990 |
| 2021 | $1.6M | $1.7M | $614K | $765K | — | — |
| 2020 | $1.5M | $1.7M | $756K | $1.0M | — | View 990 |
| 2019 | $1.6M | $1.9M | $605K | $645K | — | View 990 |
| 2018 | $1.8M | $2.2M | $916K | $637K | — | View 990 |
| 2017 | $2.4M | $2.3M | $1.4M | $646K | — | View 990 |
| 2016 | $2.3M | $2.3M | $1.3M | $699K | — | View 990 |
| 2015 | $2.4M | $2.6M | $1.5M | $916K | — | View 990 |
| 2014 | $3.6M | $3.9M | $1.7M | $875K | — | View 990 |
| 2013 | $4.1M | $4.4M | $2.5M | $1.4M | — | View 990 |
| 2012 | $4.9M | $4.8M | $2.7M | $1.3M | — | View 990 |
| 2011 | $4.9M | $5.1M | $3.2M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $547K (revenue +3.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $370K (revenue -2.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.7M, and assets of $614K (revenue +2.8% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.7M, and assets of $756K (revenue -6.3% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.9M, and assets of $605K (revenue -11.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.2M, and assets of $916K (revenue -24.3% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.3M, and assets of $1.4M (revenue +2.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $1.3M (revenue -1.1% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.6M, and assets of $1.5M (revenue -33.4% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.9M, and assets of $1.7M (revenue -13.7% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.4M, and assets of $2.5M (revenue -15.4% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.8M, and assets of $2.7M (revenue -0.7% year-over-year).
- 2011: Revenue of $4.9M, expenses of $5.1M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeast Occupational Exchange Inc:
Data Sources and Methodology
This transparency report for Northeast Occupational Exchange 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.