Penobscot Community Health Center
Penobscot Community Health Center maintains tight operational margins with consistent revenue growth and significant asset expansion.
EIN: 10514750 · Bangor, ME · NTEE: E32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $104.2M |
| Total Expenses | $108.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $9.5M |
| Transparency Score | 85/100 |
Is Penobscot Community Health Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penobscot Community Health Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penobscot Community Health Center
Penobscot Community Health Center (EIN: 10514750) is a nonprofit organization based in Bangor, ME, classified under NTEE code E32. The organization reported total revenue of $104.2M and total assets of $79.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penobscot Community Health Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penobscot Community Health Center is a major 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 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108.8M |
| Total Expenses | $108.0M |
| Surplus / Deficit | +$755K |
| Total Assets | $71.0M |
| Total Liabilities | $61.5M |
| Net Assets | $9.5M |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 86.7% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Penobscot Community Health Center reported a surplus of $755K with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 86.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Penobscot Community Health Center's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +0.4% | +4.5% |
| 2022 | +4.1% | +8.3% | +46.2% |
| 2021 | +11.4% | +10.3% | +1.5% |
| 2020 | +5.8% | +10.0% | +20.4% |
| 2019 | +14.8% | +7.5% | +4.3% |
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 Penobscot Community Health Center 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Penobscot Community Health Center allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $755K, with revenue exceeding expenses.
- Debt-to-asset ratio: 86.7%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all filings, which suggests that executive salaries are either below the IRS reporting threshold for this specific section or are categorized differently within the 990. This lack of direct reporting makes it difficult to assess executive compensation relative to the organization's over $100 million in annual revenue.
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 Community Health Center's IRS 990 filings:
- Lack of clear executive compensation reporting in provided data, making it difficult to assess pay practices.
Strengths
The following positive indicators were identified for Penobscot Community Health Center:
- Consistent revenue growth over the past decade, from $60.6M in 2014 to $108.7M in 2023.
- Significant asset growth, indicating investment in organizational capacity and infrastructure.
- Operational efficiency with revenues generally covering expenses, typical for a large healthcare provider.
- Strong program focus implied by tight operational margins, suggesting most funds are directed to services.
Frequently Asked Questions about Penobscot Community Health Center
Is Penobscot Community Health Center a legitimate charity?
Penobscot Community Health Center (EIN: 10514750) 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: $104.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Penobscot Community Health Center spend its money?
Penobscot Community Health Center directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Penobscot Community Health Center tax-deductible?
Penobscot Community Health Center is registered as a tax-exempt nonprofit (EIN: 10514750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Penobscot Community Health Center CEO make?
Penobscot Community Health Center's highest-compensated officer earns $100 annually. The organization reported $104.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Penobscot Community Health Center's spending goes to programs?
Penobscot Community Health Center directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penobscot Community Health Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Penobscot Community Health Center is above average for NTEE category E32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penobscot Community Health Center located?
Penobscot Community Health Center is headquartered in Bangor, Maine and files with the IRS under EIN 10514750. It is classified under NTEE code E32.
How many years of IRS 990 filings does Penobscot Community Health Center have?
Penobscot Community Health Center 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 $104.2M in total revenue.
How does Penobscot Community Health Center manage to report 0% officer compensation on its 990s?
The consistent reporting of 0% officer compensation across all available filings suggests that either no individual officer's compensation meets the IRS reporting threshold for Part VII, Section A of Form 990, or their compensation is reported in a different section or manner not captured in this summary. Further review of the full 990 forms would be necessary to understand how executive compensation is handled.
What is the primary driver behind the significant increase in assets from 2021 to 2022?
The substantial increase in assets from $46,450,203 in 2021 to $67,912,290 in 2022, and further to $70,982,783 in 2023, likely indicates significant capital investments, such as facility expansion, equipment purchases, or other strategic growth initiatives. A detailed look at the organization's balance sheet in the full 990 would clarify these asset additions.
Is the organization financially sustainable given its tight operational margins?
While PCHC operates with tight margins, often with revenues closely matching expenses, this is common for large healthcare providers. The consistent revenue growth and overall positive net assets (Assets exceeding Liabilities) suggest financial stability and the ability to sustain operations and invest in growth, despite occasional years with slight deficits.
Filing History
IRS 990 filing history for Penobscot Community Health Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Penobscot Community Health Center's revenue has grown by 118.1%, moving from $49.9M to $108.8M. Total assets increased by 94.1% over the same period, from $36.6M to $71.0M. Total functional expenses rose by 132.9%, from $46.4M to $108.0M. In its most recent filing year (2023), Penobscot Community Health Center reported a surplus of $755K, with revenue exceeding expenses. The organization holds $61.5M in liabilities against $71.0M in assets (debt-to-asset ratio: 86.7%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108.8M | $108.0M | $71.0M | $61.5M | — | View 990 |
| 2022 | $103.4M | $107.6M | $67.9M | $59.2M | — | View 990 |
| 2021 | $99.4M | $99.4M | $46.5M | $33.5M | — | View 990 |
| 2020 | $89.1M | $90.1M | $45.8M | $32.8M | — | View 990 |
| 2019 | $84.3M | $82.0M | $38.0M | $24.0M | — | View 990 |
| 2018 | $73.4M | $76.2M | $36.5M | $24.8M | — | View 990 |
| 2017 | $73.5M | $74.4M | $38.7M | $24.2M | — | View 990 |
| 2016 | $69.3M | $70.1M | $40.9M | $25.4M | — | View 990 |
| 2015 | $66.6M | $63.0M | $40.3M | $24.1M | — | View 990 |
| 2014 | $60.7M | $58.6M | $38.7M | $26.2M | — | View 990 |
| 2013 | $58.0M | $57.6M | $39.2M | $28.7M | — | View 990 |
| 2012 | $52.3M | $50.8M | $36.9M | $26.8M | — | View 990 |
| 2011 | $49.9M | $46.4M | $36.6M | $28.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108.8M, expenses of $108.0M, and assets of $71.0M (revenue +5.2% year-over-year).
- 2022: Revenue of $103.4M, expenses of $107.6M, and assets of $67.9M (revenue +4.1% year-over-year).
- 2021: Revenue of $99.4M, expenses of $99.4M, and assets of $46.5M (revenue +11.4% year-over-year).
- 2020: Revenue of $89.1M, expenses of $90.1M, and assets of $45.8M (revenue +5.8% year-over-year).
- 2019: Revenue of $84.3M, expenses of $82.0M, and assets of $38.0M (revenue +14.8% year-over-year).
- 2018: Revenue of $73.4M, expenses of $76.2M, and assets of $36.5M (revenue -0.1% year-over-year).
- 2017: Revenue of $73.5M, expenses of $74.4M, and assets of $38.7M (revenue +6.0% year-over-year).
- 2016: Revenue of $69.3M, expenses of $70.1M, and assets of $40.9M (revenue +4.1% year-over-year).
- 2015: Revenue of $66.6M, expenses of $63.0M, and assets of $40.3M (revenue +9.8% year-over-year).
- 2014: Revenue of $60.7M, expenses of $58.6M, and assets of $38.7M (revenue +4.6% year-over-year).
- 2013: Revenue of $58.0M, expenses of $57.6M, and assets of $39.2M (revenue +11.0% year-over-year).
- 2012: Revenue of $52.3M, expenses of $50.8M, and assets of $36.9M (revenue +4.8% year-over-year).
- 2011: Revenue of $49.9M, expenses of $46.4M, and assets of $36.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penobscot Community Health Center:
Data Sources and Methodology
This transparency report for Penobscot Community Health Center 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.