Northeast Osteopathic Medical Education Network
Northeast Osteopathic Medical Education Network shows inconsistent revenue and minimal assets, with no reported officer compensation.
EIN: 10518520 · Biddeford, ME · NTEE: H9XZ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $91K |
| Program Spending | 85% |
| Net Assets | $50K |
| Transparency Score | 70/100 |
Is Northeast Osteopathic Medical Education Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeast Osteopathic Medical Education Network directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeast Osteopathic Medical Education Network
Northeast Osteopathic Medical Education Network (EIN: 10518520) is a nonprofit organization based in Biddeford, ME, classified under NTEE code H9XZ. The organization reported total revenue of $66K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Osteopathic Medical Education Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeast Osteopathic Medical Education Network is a micro nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $91K |
| Surplus / Deficit | $-560 |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | -0.6% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2023, Northeast Osteopathic Medical Education Network reported a deficit of $560 with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Northeast Osteopathic Medical Education Network's revenue has declined at a compound annual growth rate (CAGR) of -9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.0% | +105.1% | -3.6% |
| 2022 | +29311.8% | +81.6% | -15.2% |
| 2021 | -99.8% | -44.2% | -31.4% |
| 2020 | -22.8% | -63.3% | +276.8% |
| 2019 | -16.0% | -0.3% | +23.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Osteopathic Medical Education Network with a Mission Score of 70 out of 100 (Good). 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 Osteopathic Medical Education Network 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 deficit of $560, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly favorable for donor trust.
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 Osteopathic Medical Education Network's IRS 990 filings:
- Highly inconsistent revenue streams year-over-year (e.g., $153 in 2021 vs. $90,000 in 2023).
- Significant decline in assets over the past decade, from $160,202 in 2014 to $14,372 currently.
- Frequent periods where expenses exceeded revenue, potentially leading to asset depletion (e.g., 2021: $24,323 expenses vs. $153 revenue).
Strengths
The following positive indicators were identified for Northeast Osteopathic Medical Education Network:
- Consistently reports 0% officer compensation, indicating no executive salaries paid from organizational funds.
- Maintains a low liability profile in recent years (e.g., $0 in 2023).
Frequently Asked Questions about Northeast Osteopathic Medical Education Network
Is Northeast Osteopathic Medical Education Network a legitimate charity?
Northeast Osteopathic Medical Education Network (EIN: 10518520) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $66K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Northeast Osteopathic Medical Education Network spend its money?
Northeast Osteopathic Medical Education Network directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Northeast Osteopathic Medical Education Network tax-deductible?
Northeast Osteopathic Medical Education Network is registered as a tax-exempt nonprofit (EIN: 10518520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northeast Osteopathic Medical Education Network's spending goes to programs?
Northeast Osteopathic Medical Education Network directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northeast Osteopathic Medical Education Network compare to similar nonprofits?
With a transparency score of 70/100 (Good), Northeast Osteopathic Medical Education Network is above average for NTEE category H9XZ nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northeast Osteopathic Medical Education Network located?
Northeast Osteopathic Medical Education Network is headquartered in Biddeford, Maine and files with the IRS under EIN 10518520. It is classified under NTEE code H9XZ.
How many years of IRS 990 filings does Northeast Osteopathic Medical Education Network have?
Northeast Osteopathic Medical Education Network 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 $66K in total revenue.
Is NEOMEN financially stable?
NEOMEN's financial stability is questionable given its highly fluctuating revenue (e.g., $153 in 2021 vs. $90,000 in 2023) and periods where expenses exceeded revenue, leading to a decline in assets from $160,202 in 2014 to $14,372 currently.
How does NEOMEN manage its expenses?
While specific expense breakdowns are not provided, NEOMEN consistently reports 0% officer compensation, suggesting a lean approach to executive overhead. However, expenses have often exceeded revenue, indicating potential challenges in managing overall costs relative to income.
What is the trend in NEOMEN's assets?
NEOMEN's assets have shown a significant downward trend over the past decade, decreasing from a high of $160,202 in 2014 to $14,372 currently, indicating a depletion of reserves or a shift in asset management.
Filing History
IRS 990 filing history for Northeast Osteopathic Medical Education Network showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northeast Osteopathic Medical Education Network's revenue has declined by 69.6%, moving from $296K to $90K. Total assets decreased by 67.3% over the same period, from $152K to $50K. Total functional expenses fell by 75.1%, from $363K to $91K. In its most recent filing year (2023), Northeast Osteopathic Medical Education Network reported a deficit of $560, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $91K | $50K | $0 | — | — |
| 2022 | $45K | $44K | $52K | $1K | — | View 990 |
| 2021 | $153 | $24K | $61K | $11K | — | — |
| 2020 | $95K | $44K | $89K | $15K | — | View 990 |
| 2019 | $123K | $119K | $24K | $1K | — | View 990 |
| 2018 | $147K | $119K | $19K | $1K | — | View 990 |
| 2017 | $368K | $373K | $33K | $42K | — | View 990 |
| 2016 | $289K | $374K | $61K | $65K | — | View 990 |
| 2015 | $375K | $391K | $130K | $50K | — | View 990 |
| 2014 | $379K | $376K | $160K | $64K | — | View 990 |
| 2013 | $357K | $335K | $162K | $68K | — | View 990 |
| 2012 | $330K | $334K | $157K | $86K | — | View 990 |
| 2011 | $296K | $363K | $152K | $77K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $91K, and assets of $50K (revenue +100.0% year-over-year).
- 2022: Revenue of $45K, expenses of $44K, and assets of $52K (revenue +29311.8% year-over-year).
- 2021: Revenue of $153, expenses of $24K, and assets of $61K (revenue -99.8% year-over-year).
- 2020: Revenue of $95K, expenses of $44K, and assets of $89K (revenue -22.8% year-over-year).
- 2019: Revenue of $123K, expenses of $119K, and assets of $24K (revenue -16.0% year-over-year).
- 2018: Revenue of $147K, expenses of $119K, and assets of $19K (revenue -60.1% year-over-year).
- 2017: Revenue of $368K, expenses of $373K, and assets of $33K (revenue +27.0% year-over-year).
- 2016: Revenue of $289K, expenses of $374K, and assets of $61K (revenue -22.8% year-over-year).
- 2015: Revenue of $375K, expenses of $391K, and assets of $130K (revenue -1.1% year-over-year).
- 2014: Revenue of $379K, expenses of $376K, and assets of $160K (revenue +6.2% year-over-year).
- 2013: Revenue of $357K, expenses of $335K, and assets of $162K (revenue +8.2% year-over-year).
- 2012: Revenue of $330K, expenses of $334K, and assets of $157K (revenue +11.5% year-over-year).
- 2011: Revenue of $296K, expenses of $363K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeast Osteopathic Medical Education Network:
Data Sources and Methodology
This transparency report for Northeast Osteopathic Medical Education Network 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.