Northern Maine Development Commission Inc
Northern Maine Development Commission: Volatile Revenue, Strong Asset Growth
EIN: 222635303 · Caribou, ME · NTEE: S30Z · Updated: 2026-04-04
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.
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.
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
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.
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.