Penobscot Bay Physicians & Associates
Penobscot Bay Physicians & Associates consistently operates at break-even with no reported assets or officer compensation.
EIN: 10530517 · Belfast, ME · NTEE: E30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.6M |
| Total Expenses | $22.6M |
| Program Spending | 100% |
| Transparency Score | 70/100 |
Is Penobscot Bay Physicians & Associates Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot Bay Physicians & Associates directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penobscot Bay Physicians & Associates
Penobscot Bay Physicians & Associates (EIN: 10530517) is a nonprofit organization based in Belfast, ME, classified under NTEE code E30. The organization reported total revenue of $22.6M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penobscot Bay Physicians & Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot Bay Physicians & Associates is a large nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.6M |
| Total Expenses | $22.6M |
| Surplus / Deficit | +$0 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2019, Penobscot Bay Physicians & Associates reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2019), Penobscot Bay Physicians & Associates's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +22.1% | +22.1% | — |
| 2018 | +3.5% | +3.5% | — |
| 2017 | +1.4% | +1.4% | — |
| 2016 | +11.4% | +11.4% | — |
| 2015 | -0.4% | -0.4% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Penobscot Bay Physicians & Associates 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Penobscot Bay Physicians & Associates allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, including the latest 201909 period. This suggests that executive compensation is either not paid directly by this entity, or is handled through an affiliated organization, rather than being a direct expense of Penobscot Bay Physicians & Associates itself.
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 Penobscot Bay Physicians & Associates's IRS 990 filings:
- Consistent $0 reported assets and liabilities, which is highly unusual for an organization of this revenue size.
- Consistent 0% officer compensation, which may obscure the true cost of leadership if compensated by an affiliate.
- Perfectly balanced revenue and expenses across all reported periods, suggesting a complex financial structure that warrants further investigation.
Strengths
The following positive indicators were identified for Penobscot Bay Physicians & Associates:
- Consistent growth in revenue, from $7.4 million in 2011 to over $22.6 million in 2019, indicating expanding operations.
- All reported expenses are covered by revenue, demonstrating financial solvency on an annual basis.
- No reported liabilities, suggesting the organization does not carry debt within this specific entity.
Frequently Asked Questions about Penobscot Bay Physicians & Associates
Is Penobscot Bay Physicians & Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Penobscot Bay Physicians & Associates (EIN: 10530517) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Penobscot Bay Physicians & Associates spend its money?
Penobscot Bay Physicians & Associates directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penobscot Bay Physicians & Associates tax-deductible?
Penobscot Bay Physicians & Associates is registered as a tax-exempt nonprofit (EIN: 10530517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Penobscot Bay Physicians & Associates compare to similar nonprofits?
With a transparency score of 70/100 (Good), Penobscot Bay Physicians & Associates is above average for NTEE category E30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penobscot Bay Physicians & Associates located?
Penobscot Bay Physicians & Associates is headquartered in Belfast, Maine and files with the IRS under EIN 10530517. It is classified under NTEE code E30.
How many years of IRS 990 filings does Penobscot Bay Physicians & Associates have?
Penobscot Bay Physicians & Associates has 10 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 $22.6M in total revenue.
How does Penobscot Bay Physicians & Associates manage capital expenditures and long-term stability with $0 reported assets?
The consistent reporting of $0 assets suggests that capital expenditures might be managed through an affiliated entity, or that the organization leases all necessary equipment and facilities, avoiding direct asset ownership within this specific entity.
Why is officer compensation consistently reported as 0% across all filings?
The absence of officer compensation in the 990s could indicate that executives are compensated by a parent organization or an affiliated entity, or that the leadership structure does not involve direct compensation from this specific nonprofit's funds.
What is the nature of the relationship between Penobscot Bay Physicians & Associates and any potential affiliated entities?
The unique financial reporting, particularly the $0 assets and liabilities, strongly suggests that this entity may be part of a larger healthcare system or network, with financial resources and liabilities managed at a different level.
How does the organization sustain operations and growth without accumulating any financial reserves?
Operating on a strict break-even model with no reported reserves implies that the organization relies entirely on current revenue to cover current expenses, potentially indicating a highly integrated financial system with a larger parent organization that provides stability.
Filing History
IRS 990 filing history for Penobscot Bay Physicians & Associates showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2019), Penobscot Bay Physicians & Associates's revenue has grown by 70.3%, moving from $13.3M to $22.6M. Total functional expenses rose by 70.3%, from $13.3M to $22.6M. In its most recent filing year (2019), Penobscot Bay Physicians & Associates reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $22.6M | $22.6M | $0 | $0 | — | View 990 |
| 2018 | $18.5M | $18.5M | $0 | $0 | — | View 990 |
| 2017 | $17.9M | $17.9M | $0 | $0 | — | View 990 |
| 2016 | $17.6M | $17.6M | $0 | $0 | — | View 990 |
| 2015 | $15.8M | $15.8M | $0 | $0 | — | View 990 |
| 2014 | $15.9M | $15.9M | $0 | $0 | — | View 990 |
| 2013 | $16.1M | $16.1M | $0 | $0 | — | View 990 |
| 2012 | $14.6M | $14.6M | $0 | $0 | — | View 990 |
| 2011 | $7.5M | $7.5M | $1 | $0 | — | View 990 |
| 2011 | $13.3M | $13.3M | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $22.6M, expenses of $22.6M, and assets of $0 (revenue +22.1% year-over-year).
- 2018: Revenue of $18.5M, expenses of $18.5M, and assets of $0 (revenue +3.5% year-over-year).
- 2017: Revenue of $17.9M, expenses of $17.9M, and assets of $0 (revenue +1.4% year-over-year).
- 2016: Revenue of $17.6M, expenses of $17.6M, and assets of $0 (revenue +11.4% year-over-year).
- 2015: Revenue of $15.8M, expenses of $15.8M, and assets of $0 (revenue -0.4% year-over-year).
- 2014: Revenue of $15.9M, expenses of $15.9M, and assets of $0 (revenue -0.9% year-over-year).
- 2013: Revenue of $16.1M, expenses of $16.1M, and assets of $0 (revenue +10.0% year-over-year).
- 2012: Revenue of $14.6M, expenses of $14.6M, and assets of $0 (revenue +95.2% year-over-year).
- 2011: Revenue of $7.5M, expenses of $7.5M, and assets of $1 (revenue -43.7% year-over-year).
- 2011: Revenue of $13.3M, expenses of $13.3M, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot Bay Physicians & Associates:
Data Sources and Methodology
This transparency report for Penobscot Bay Physicians & Associates 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.