Northern Maine Development Commission Inc
Northern Maine Development Commission: Volatile Revenue, Strong Asset Growth
EIN: 222635303 · Caribou, ME · NTEE: S30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10.2M |
| Total Expenses | $4.0M |
| Program Spending | 85% |
| Net Assets | $21.0M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Northern Maine Development Commission Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Northern Maine Development Commission Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Northern Maine Development Commission Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $12.6M and expenses of $4.0M.
Revenue and Expenses
Northern Maine Development Commission Inc reported $12.6M in revenue and $4.0M in expenses, a surplus of $8.6M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Northern Maine Development Commission Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.4M (85%) |
Across stored filings, Northern Maine Development Commission Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Community Improvement context |
Trust Check
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Northern Maine Development Commission Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Maine Development Commission Inc
Northern Maine Development Commission Inc (EIN: 222635303) is a nonprofit organization based in Caribou, ME, classified under NTEE code S30Z. The organization reported total revenue of $10.2M and total assets of $34.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Maine Development Commission Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Maine Development Commission Inc is a large nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.6M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$8.6M |
| Total Assets | $27.3M |
| Total Liabilities | $6.2M |
| Net Assets | $21.0M |
| Operating Margin | 68.1% |
| Debt-to-Asset Ratio | 22.9% |
| Months of Reserves | 81.2 months |
Financial Health Grade: A
In 2023, Northern Maine Development Commission Inc reported a surplus of $8.6M with revenue exceeding expenses, holds 81.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Northern Maine Development Commission Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.7% | -84.6% | +43.2% |
| 2022 | -13.6% | -4.8% | -8.4% |
| 2021 | +850.5% | +736.4% | +71.3% |
| 2020 | +13.2% | +8.4% | +2.4% |
| 2019 | +12.2% | -0.2% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Northern Maine Development Commission Inc with a Mission Score of 75 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, Northern Maine Development Commission 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 $8.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific compensation figures, which are not provided in the given data.
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 Northern Maine Development Commission Inc's IRS 990 filings:
- Revenue volatility: Revenue has fluctuated significantly, from $2,999,105 in 2019 to $12,637,728 in 2023, which could indicate unstable funding sources.
- High liabilities relative to assets in some years, e.g., 2021 with $10,096,629 liabilities against $20,810,299 assets, warrants further investigation.
Strengths
The following positive indicators were identified for Northern Maine Development Commission Inc:
- Consistent asset growth: Total assets have grown substantially from $11,857,176 in 2019 to $27,286,195 in 2023, demonstrating financial stability and capacity.
- Low fundraising expenses: The 'c0%' in the provided data suggests very low or no dedicated fundraising costs, implying efficient resource allocation.
- Strong program spending: The organization consistently reports high program expenses relative to total expenses, indicating a focus on its mission.
Frequently Asked Questions about Northern Maine Development Commission Inc
Is Northern Maine Development Commission Inc a legitimate charity?
Northern Maine Development Commission Inc (EIN: 222635303) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $10.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Northern Maine Development Commission Inc spend its money?
Northern Maine Development Commission Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Northern Maine Development Commission Inc tax-deductible?
Northern Maine Development Commission Inc is registered as a tax-exempt nonprofit (EIN: 222635303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northern Maine Development Commission Inc's spending goes to programs?
Northern Maine Development Commission Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northern Maine Development Commission Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Northern Maine Development Commission Inc is above average for NTEE category S30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Maine Development Commission Inc located?
Northern Maine Development Commission Inc is headquartered in Caribou, Maine and files with the IRS under EIN 222635303. It is classified under NTEE code S30Z.
How many years of IRS 990 filings does Northern Maine Development Commission Inc have?
Northern Maine Development Commission Inc 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 $10.2M in total revenue.
What does Northern Maine Development Commission Inc do?
Northern Maine Development Commission Inc is a nonprofit organization in the Community Improvement sector, located in Caribou, Maine. It is classified under NTEE code S30Z.
How much revenue does Northern Maine Development Commission Inc have?
Northern Maine Development Commission Inc reported total revenue of $10,161,030. Based on 12 IRS 990 filings on record.
What are Northern Maine Development Commission Inc's total assets?
Northern Maine Development Commission Inc holds total assets of $34,456,074 as reported in IRS 990 filings.
Where is Northern Maine Development Commission Inc located?
Northern Maine Development Commission Inc is based in Caribou, Maine.
What is Northern Maine Development Commission Inc's EIN?
Northern Maine Development Commission Inc's Employer Identification Number (EIN) is 222635303. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Northern Maine Development Commission Inc?
Northern Maine Development Commission Inc is classified under NTEE code S30Z (Community Improvement).
Is Northern Maine Development Commission Inc a registered 501(c)(3)?
Yes, Northern Maine Development Commission Inc is recognized as a tax-exempt organization by the IRS. EIN: 222635303.
Does Northern Maine Development Commission Inc file IRS Form 990?
Yes, Northern Maine Development Commission Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Northern Maine Development Commission Inc's revenue in 2023?
In the 202306 filing period, Northern Maine Development Commission Inc reported total revenue of $12,637,728, total expenses of $4,030,581, and net assets of $27,286,195.
Is Northern Maine Development Commission Inc's revenue growing or declining?
Northern Maine Development Commission Inc's revenue is declining. Revenue went from $27,868,170 (202206) to $12,637,728 (202306), a -54.7% change. Based on 12 filings on record.
What is Northern Maine Development Commission Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Northern Maine Development Commission Inc covers tax period 202306. It shows revenue of $12,637,728, expenses of $4,030,581, total assets of $27,286,195, and liabilities of $6,239,488.
How much does Northern Maine Development Commission Inc spend on programs vs administration?
Based on IRS 990 analysis, Northern Maine Development Commission Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Northern Maine Development Commission Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Northern Maine Development Commission Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Northern Maine Development Commission Inc?
The following concerns were identified: Revenue volatility: Revenue has fluctuated significantly, from $2,999,105 in 2019 to $12,637,728 in 2023, which could indicate unstable funding sources.. High liabilities relative to assets in some years, e.g., 2021 with $10,096,629 liabilities against $20,810,299 assets, warrants further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Northern Maine Development Commission Inc's strengths?
Positive indicators for Northern Maine Development Commission Inc include: Consistent asset growth: Total assets have grown substantially from $11,857,176 in 2019 to $27,286,195 in 2023, demonstrating financial stability and capacity.. Low fundraising expenses: The 'c0%' in the provided data suggests very low or no dedicated fundraising costs, implying efficient resource allocation.. Strong program spending: The organization consistently reports high program expenses relative to total expenses, indicating a focus on its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Northern Maine Development Commission Inc compensate executives?
Executive compensation cannot be assessed without specific compensation figures, which are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant revenue increase from $3,395,037 in 2020 to $32,269,814 in 2021, and then the subsequent drop to $27,868,170 in 2022 and $12,637,728 in 2023?
The provided data shows a dramatic increase in revenue in 2021, followed by a substantial decline in subsequent years. This could be due to large, time-limited grants, specific project funding, or changes in government contracts. Further investigation into the nature of these revenue streams would be necessary to understand the underlying causes and future sustainability.
Given the 'c0%' for fundraising costs across all years, how does the organization secure its funding, especially with such volatile revenue figures?
The 'c0%' for fundraising costs suggests that the organization may rely heavily on government grants, direct allocations, or other non-fundraising-intensive revenue streams. The volatility in revenue indicates that these sources might be project-based or subject to periodic renewal, rather than consistent, broad-based fundraising efforts.
Filing History
IRS 990 filing history for Northern Maine Development Commission Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Northern Maine Development Commission Inc's revenue has grown by 114.5%, moving from $5.9M to $12.6M. Total assets increased by 128.2% over the same period, from $12.0M to $27.3M. Total functional expenses fell by 35.3%, from $6.2M to $4.0M. In its most recent filing year (2023), Northern Maine Development Commission Inc reported a surplus of $8.6M, with revenue exceeding expenses. The organization holds $6.2M in liabilities against $27.3M in assets (debt-to-asset ratio: 22.9%), resulting in net assets of $21.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.6M | $4.0M | $27.3M | $6.2M | — | View 990 |
| 2022 | $27.9M | $26.1M | $19.1M | $6.6M | — | View 990 |
| 2021 | $32.3M | $27.5M | $20.8M | $10.1M | — | View 990 |
| 2020 | $3.4M | $3.3M | $12.1M | $6.4M | — | View 990 |
| 2019 | $3.0M | $3.0M | $11.9M | $6.2M | — | View 990 |
| 2018 | $2.7M | $3.0M | $12.4M | $6.7M | — | View 990 |
| 2017 | $3.0M | $2.6M | $13.2M | $7.2M | — | View 990 |
| 2016 | $4.6M | $4.9M | $13.1M | $7.4M | — | View 990 |
| 2015 | $6.9M | $7.2M | $13.3M | $7.3M | — | View 990 |
| 2014 | $8.5M | $7.7M | $13.5M | $7.1M | — | View 990 |
| 2013 | $6.6M | $7.0M | $13.7M | $8.0M | — | View 990 |
| 2012 | $5.9M | $6.2M | $12.0M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.6M, expenses of $4.0M, and assets of $27.3M (revenue -54.7% year-over-year).
- 2022: Revenue of $27.9M, expenses of $26.1M, and assets of $19.1M (revenue -13.6% year-over-year).
- 2021: Revenue of $32.3M, expenses of $27.5M, and assets of $20.8M (revenue +850.5% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.3M, and assets of $12.1M (revenue +13.2% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $11.9M (revenue +12.2% year-over-year).
- 2018: Revenue of $2.7M, expenses of $3.0M, and assets of $12.4M (revenue -11.1% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.6M, and assets of $13.2M (revenue -34.3% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.9M, and assets of $13.1M (revenue -33.2% year-over-year).
- 2015: Revenue of $6.9M, expenses of $7.2M, and assets of $13.3M (revenue -19.0% year-over-year).
- 2014: Revenue of $8.5M, expenses of $7.7M, and assets of $13.5M (revenue +28.3% year-over-year).
- 2013: Revenue of $6.6M, expenses of $7.0M, and assets of $13.7M (revenue +11.9% year-over-year).
- 2012: Revenue of $5.9M, expenses of $6.2M, and assets of $12.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Maine Development Commission Inc:
Data Sources and Methodology
This transparency report for Northern Maine Development Commission 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.