Penquis Mental Health Association
Penquis Mental Health Association shows inconsistent revenue and expenses, with no reported officer compensation.
EIN: 10323280 · Bangor, ME · NTEE: F30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $376K |
| Program Spending | 80% |
| Net Assets | $2.5M |
| Transparency Score | 70/100 |
Is Penquis Mental Health Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penquis Mental Health Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penquis Mental Health Association
Penquis Mental Health Association (EIN: 10323280) is a nonprofit organization based in Bangor, ME, classified under NTEE code F30Z. The organization reported total revenue of $3.8M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penquis Mental Health Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penquis Mental Health Association is a mid-size nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $492K |
| Total Expenses | $376K |
| Surplus / Deficit | +$116K |
| Total Assets | $7.5M |
| Total Liabilities | $4.9M |
| Net Assets | $2.5M |
| Operating Margin | 23.5% |
| Debt-to-Asset Ratio | 66.2% |
| Months of Reserves | 238.0 months |
Financial Health Grade: A
In 2023, Penquis Mental Health Association reported a surplus of $116K with revenue exceeding expenses, holds 238.0 months of operating reserves (strong position), has a debt-to-asset ratio of 66.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Penquis Mental Health Association's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +390122.2% | +8.7% | +40.6% |
| 2022 | -99.9% | -58.9% | +2.4% |
| 2021 | -63.7% | +13.1% | -18.1% |
| 2020 | +303.1% | +450.6% | -10.4% |
| 2019 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1980 |
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 Penquis Mental Health Association 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Penquis Mental Health Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $116K, with revenue exceeding expenses.
- Debt-to-asset ratio: 66.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for minimizing administrative costs.
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 Penquis Mental Health Association's IRS 990 filings:
- Highly inconsistent revenue and expense figures across filing periods, indicating potential instability or significant operational changes.
- Multiple periods where expenses significantly exceed revenue (e.g., 202209: Revenue=$126, Expenses=$345,958).
- Substantial liabilities relative to assets in several periods (e.g., 202309: Liabilities=$4,938,534, Assets=$7,456,644), warranting further scrutiny.
Strengths
The following positive indicators were identified for Penquis Mental Health Association:
- Consistently reports 0% officer compensation, indicating a strong commitment to minimizing executive overhead.
- Maintains significant assets, with a latest reported asset value of $4,353,424, providing some financial buffer.
Frequently Asked Questions about Penquis Mental Health Association
Is Penquis Mental Health Association a legitimate charity?
Penquis Mental Health Association (EIN: 10323280) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.8M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Penquis Mental Health Association spend its money?
Penquis Mental Health Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Penquis Mental Health Association tax-deductible?
Penquis Mental Health Association is registered as a tax-exempt nonprofit (EIN: 10323280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Penquis Mental Health Association's spending goes to programs?
Penquis Mental Health Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penquis Mental Health Association compare to similar nonprofits?
With a transparency score of 70/100 (Good), Penquis Mental Health Association is above average for NTEE category F30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penquis Mental Health Association located?
Penquis Mental Health Association is headquartered in Bangor, Maine and files with the IRS under EIN 10323280. It is classified under NTEE code F30Z.
How many years of IRS 990 filings does Penquis Mental Health Association have?
Penquis Mental Health Association has 14 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 $3.8M in total revenue.
Is Penquis Mental Health Association a good charity?
Based on the provided data, the organization demonstrates a commitment to minimizing executive compensation (0% officer comp). However, the highly fluctuating revenue and expenses, and periods where expenses significantly exceed revenue, raise questions about financial stability and operational consistency. Further investigation into the nature of their programs and funding sources would be necessary for a definitive answer.
Why is the latest revenue ($3,802,808) so much higher than individual filing revenues?
The discrepancy between the 'Latest Revenue' and the individual filing revenues suggests that the 'Latest Revenue' might represent a cumulative figure, a different reporting period, or a consolidated figure not directly reflected in the individual 990 periods provided. This requires clarification from the organization or a deeper dive into the full 990 forms.
What is the nature of the significant liabilities reported?
Several filings show substantial liabilities, such as $4,938,534 in liabilities against $7,456,644 in assets in 202309. The nature of these liabilities (e.g., program-related debt, mortgages, grants payable) is not detailed in the provided summary and would be crucial for understanding the organization's financial health.
How does the organization sustain operations with periods of very low revenue?
Filings like 202209 show revenue of only $126 against expenses of $345,958. This significant deficit raises questions about how the organization covers its operational costs during such periods, potentially through reserves, other unreported income, or significant external support.
Filing History
IRS 990 filing history for Penquis Mental Health Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Penquis Mental Health Association's revenue has grown by 8.3%, moving from $454K to $492K. Total assets increased by 50.1% over the same period, from $5.0M to $7.5M. Total functional expenses fell by 15.8%, from $446K to $376K. In its most recent filing year (2023), Penquis Mental Health Association reported a surplus of $116K, with revenue exceeding expenses. The organization holds $4.9M in liabilities against $7.5M in assets (debt-to-asset ratio: 66.2%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $492K | $376K | $7.5M | $4.9M | — | — |
| 2022 | $126 | $346K | $5.3M | $2.0M | — | — |
| 2021 | $164K | $841K | $5.2M | $1.1M | — | View 990 |
| 2020 | $451K | $743K | $6.3M | $4.0M | — | — |
| 2019 | $112K | $135K | $7.1M | $4.4M | — | View 990 |
| 2019 | $112K | $135K | $7.1M | $4.4M | — | — |
| 2018 | $612K | $680K | $4.8M | $4.3M | — | View 990 |
| 2017 | $506K | $585K | $5.5M | $4.9M | — | View 990 |
| 2016 | $527K | $534K | $5.5M | $4.9M | — | View 990 |
| 2015 | $591K | $530K | $5.5M | $4.8M | — | View 990 |
| 2014 | $555K | $505K | $5.3M | $4.7M | — | View 990 |
| 2013 | $482K | $592K | $5.3M | $4.7M | — | View 990 |
| 2012 | $623K | $459K | $5.2M | $4.5M | — | View 990 |
| 2011 | $454K | $446K | $5.0M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $492K, expenses of $376K, and assets of $7.5M (revenue +390122.2% year-over-year).
- 2022: Revenue of $126, expenses of $346K, and assets of $5.3M (revenue -99.9% year-over-year).
- 2021: Revenue of $164K, expenses of $841K, and assets of $5.2M (revenue -63.7% year-over-year).
- 2020: Revenue of $451K, expenses of $743K, and assets of $6.3M (revenue +303.1% year-over-year).
- 2019: Revenue of $112K, expenses of $135K, and assets of $7.1M (revenue +0.0% year-over-year).
- 2019: Revenue of $112K, expenses of $135K, and assets of $7.1M (revenue -81.7% year-over-year).
- 2018: Revenue of $612K, expenses of $680K, and assets of $4.8M (revenue +21.0% year-over-year).
- 2017: Revenue of $506K, expenses of $585K, and assets of $5.5M (revenue -4.0% year-over-year).
- 2016: Revenue of $527K, expenses of $534K, and assets of $5.5M (revenue -10.9% year-over-year).
- 2015: Revenue of $591K, expenses of $530K, and assets of $5.5M (revenue +6.5% year-over-year).
- 2014: Revenue of $555K, expenses of $505K, and assets of $5.3M (revenue +15.3% year-over-year).
- 2013: Revenue of $482K, expenses of $592K, and assets of $5.3M (revenue -22.7% year-over-year).
- 2012: Revenue of $623K, expenses of $459K, and assets of $5.2M (revenue +37.2% year-over-year).
- 2011: Revenue of $454K, expenses of $446K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penquis Mental Health Association:
Data Sources and Methodology
This transparency report for Penquis Mental Health Association 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.