Pinewood Manor Inc
Pinewood Manor Inc. faces persistent operational deficits and declining assets amidst high liabilities.
EIN: 10363879 · Ocean Park, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $942K |
| Total Expenses | $845K |
| Program Spending | 80% |
| Net Assets | $-1,366,545 |
| Transparency Score | 45/100 |
Is Pinewood Manor Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pinewood Manor Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pinewood Manor Inc
Pinewood Manor Inc (EIN: 10363879) is a nonprofit organization based in Ocean Park, ME, classified under NTEE code L22Z. The organization reported total revenue of $942K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pinewood Manor Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pinewood Manor Inc is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $824K |
| Total Expenses | $845K |
| Surplus / Deficit | $-20,730 |
| Total Assets | $2.7M |
| Total Liabilities | $4.1M |
| Net Assets | $-1,366,545 |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 149.9% |
| Months of Reserves | 38.9 months |
Financial Health Grade: C
In 2023, Pinewood Manor Inc reported a deficit of $21K with expenses exceeding revenue, holds 38.9 months of operating reserves (strong position), has a debt-to-asset ratio of 149.9% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Pinewood Manor Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.7% | +11.5% | -2.1% |
| 2022 | +7.3% | -10.1% | -4.4% |
| 2021 | +8.9% | -1.9% | -11.6% |
| 2020 | -5.8% | -3.0% | -16.4% |
| 2019 | +6.4% | +35.3% | +129.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Pinewood Manor Inc with a Mission Score of 45 out of 100 (Fair). 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, Pinewood Manor Inc 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 deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 149.9%.
Executive Compensation Analysis
Pinewood Manor Inc. reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive salaries are embedded within other expense categories, which limits direct transparency on leadership costs relative to the organization's size and financial challenges.
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 Pinewood Manor Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported periods)
- Liabilities consistently and significantly exceed assets, indicating potential solvency issues
- Declining asset base over the past five years
- Lack of transparency regarding executive compensation, as 0% is reported across all filings
Strengths
The following positive indicators were identified for Pinewood Manor Inc:
- Long filing history (14 filings) indicates consistent compliance with IRS reporting requirements
Frequently Asked Questions about Pinewood Manor Inc
Is Pinewood Manor Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pinewood Manor Inc (EIN: 10363879) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Pinewood Manor Inc spend its money?
Pinewood Manor Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pinewood Manor Inc tax-deductible?
Pinewood Manor Inc is registered as a tax-exempt nonprofit (EIN: 10363879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pinewood Manor Inc's spending goes to programs?
Pinewood Manor Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pinewood Manor Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Pinewood Manor Inc is near average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pinewood Manor Inc located?
Pinewood Manor Inc is headquartered in Ocean Park, Maine and files with the IRS under EIN 10363879. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Pinewood Manor Inc have?
Pinewood Manor Inc 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 $942K in total revenue.
Is Pinewood Manor Inc. financially stable?
Based on the consistent operational deficits (expenses exceeding revenue in all reported periods) and the fact that liabilities consistently exceed assets, Pinewood Manor Inc. appears to be in a precarious financial position, raising concerns about its long-term stability.
Why are liabilities consistently higher than assets?
The filings show that liabilities have consistently been higher than assets, for instance, $4,103,331 in liabilities versus $2,736,786 in assets in 2023. This indicates a significant debt burden relative to the organization's holdings, which could be due to mortgages, bonds, or other long-term obligations, and suggests potential solvency issues.
What is the trend in the organization's assets?
The organization's assets have shown a declining trend over the past five years, from $3,957,263 in 2019 to $2,736,786 in 2023, indicating a reduction in its financial resources.
How does Pinewood Manor Inc. cover its operational deficits?
With expenses consistently exceeding revenue (e.g., $844,862 expenses vs. $824,132 revenue in 2023), Pinewood Manor Inc. likely covers its operational deficits by drawing down on its existing assets or through other non-operating income sources not detailed in the provided summary, which is not sustainable long-term.
Is the lack of officer compensation a positive or negative indicator?
While 0% officer compensation could indicate a highly dedicated volunteer leadership, it could also mean that executive compensation is not transparently reported and is instead categorized under other expenses, making it difficult to assess the true cost of leadership and potentially obscuring administrative efficiency.
Filing History
IRS 990 filing history for Pinewood Manor Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Pinewood Manor Inc's revenue has grown by 47%, moving from $561K to $824K. Total assets increased by 10.8% over the same period, from $2.5M to $2.7M. Total functional expenses rose by 43.3%, from $589K to $845K. In its most recent filing year (2023), Pinewood Manor Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $2.7M in assets (debt-to-asset ratio: 149.9%), resulting in net assets of $-1,366,545.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $824K | $845K | $2.7M | $4.1M | — | — |
| 2022 | $706K | $758K | $2.8M | $4.1M | — | View 990 |
| 2021 | $658K | $843K | $2.9M | $4.2M | — | View 990 |
| 2020 | $604K | $859K | $3.3M | $4.4M | — | View 990 |
| 2019 | $641K | $886K | $4.0M | $4.7M | — | View 990 |
| 2018 | $602K | $655K | $1.7M | $2.2M | — | View 990 |
| 2017 | $623K | $631K | $1.5M | $1.9M | — | — |
| 2016 | $642K | $639K | $1.5M | $1.9M | — | View 990 |
| 2015 | $643K | $688K | $1.6M | $2.0M | — | View 990 |
| 2014 | $630K | $687K | $1.7M | $2.1M | — | View 990 |
| 2013 | $616K | $655K | $1.8M | $2.1M | — | View 990 |
| 2012 | $605K | $658K | $1.9M | $2.2M | — | View 990 |
| 2011 | $604K | $704K | $2.0M | $2.2M | — | View 990 |
| 2010 | $561K | $589K | $2.5M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $824K, expenses of $845K, and assets of $2.7M (revenue +16.7% year-over-year).
- 2022: Revenue of $706K, expenses of $758K, and assets of $2.8M (revenue +7.3% year-over-year).
- 2021: Revenue of $658K, expenses of $843K, and assets of $2.9M (revenue +8.9% year-over-year).
- 2020: Revenue of $604K, expenses of $859K, and assets of $3.3M (revenue -5.8% year-over-year).
- 2019: Revenue of $641K, expenses of $886K, and assets of $4.0M (revenue +6.4% year-over-year).
- 2018: Revenue of $602K, expenses of $655K, and assets of $1.7M (revenue -3.3% year-over-year).
- 2017: Revenue of $623K, expenses of $631K, and assets of $1.5M (revenue -3.0% year-over-year).
- 2016: Revenue of $642K, expenses of $639K, and assets of $1.5M (revenue -0.3% year-over-year).
- 2015: Revenue of $643K, expenses of $688K, and assets of $1.6M (revenue +2.2% year-over-year).
- 2014: Revenue of $630K, expenses of $687K, and assets of $1.7M (revenue +2.2% year-over-year).
- 2013: Revenue of $616K, expenses of $655K, and assets of $1.8M (revenue +1.8% year-over-year).
- 2012: Revenue of $605K, expenses of $658K, and assets of $1.9M (revenue +0.2% year-over-year).
- 2011: Revenue of $604K, expenses of $704K, and assets of $2.0M (revenue +7.7% year-over-year).
- 2010: Revenue of $561K, expenses of $589K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pinewood Manor Inc:
Data Sources and Methodology
This transparency report for Pinewood Manor 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.