Port Resources
Port Resources maintains stable operations with consistent revenue and expenses, reporting no officer compensation.
EIN: 10367582 · S Portland, ME · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.5M |
| Total Expenses | $13.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $13M |
| Net Assets | $2.5M |
| Transparency Score | 85/100 |
Is Port Resources Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Port Resources directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Port Resources
Port Resources (EIN: 10367582) is a nonprofit organization based in S Portland, ME, classified under NTEE code P820. The organization reported total revenue of $15.5M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Port Resources's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Port Resources is a large nonprofit that has been operating for 45 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.7M |
| Total Expenses | $13.4M |
| Surplus / Deficit | +$332K |
| Total Assets | $6.5M |
| Total Liabilities | $3.9M |
| Net Assets | $2.5M |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 60.8% |
| Months of Reserves | 5.8 months |
Financial Health Grade: A
In 2023, Port Resources reported a surplus of $332K with revenue exceeding expenses, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 60.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Port Resources's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | -4.5% | -7.2% |
| 2022 | -0.1% | +4.8% | -11.9% |
| 2021 | +10.0% | +3.7% | -11.4% |
| 2020 | +0.8% | -8.9% | +17.5% |
| 2019 | +7.2% | +19.7% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Port Resources 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Port Resources allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $332K, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.8%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization of this size ($13M+ in annual revenue) and warrants further scrutiny to understand how executive leadership is compensated, or if it is indeed entirely volunteer-based.
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 Port Resources's IRS 990 filings:
- Consistent 0% officer compensation reported, which is atypical for an organization of this size and warrants further investigation into executive remuneration practices.
Strengths
The following positive indicators were identified for Port Resources:
- Consistent operational stability with revenues generally exceeding expenses, as seen in 2023 ($13,696,186 revenue vs. $13,363,852 expenses).
- Healthy asset base, with assets consistently exceeding liabilities.
- Demonstrated ability to manage and reduce liabilities, from $7,805,928 in 2020 to $3,947,743 in 2023.
Frequently Asked Questions about Port Resources
Is Port Resources a legitimate charity?
Based on AI analysis of IRS 990 filings, Port Resources (EIN: 10367582) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Port Resources spend its money?
Port Resources directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Port Resources tax-deductible?
Port Resources is registered as a tax-exempt nonprofit (EIN: 10367582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Port Resources CEO make?
Port Resources's highest-compensated officer earns $13M annually. The organization reported $15.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Port Resources compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Port Resources is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Port Resources located?
Port Resources is headquartered in S Portland, Maine and files with the IRS under EIN 10367582. It is classified under NTEE code P820.
How many years of IRS 990 filings does Port Resources have?
Port Resources has 12 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 $15.5M in total revenue.
How does Port Resources manage to report 0% officer compensation given its scale?
The filings consistently show 0% officer compensation. This could mean executive roles are entirely volunteer, or compensation is categorized differently (e.g., as general salaries), which would require reviewing detailed expense breakdowns to clarify.
What is the primary source of Port Resources' revenue?
While specific revenue sources aren't detailed in the provided summary, the consistent high revenue figures suggest a stable funding model, likely a mix of government contracts, service fees, and potentially grants, typical for organizations in the developmental disabilities sector.
Are the liabilities a concern for Port Resources?
Liabilities have fluctuated, for example, from $7,805,928 in 2020 to $3,947,743 in 2023. While they are significant, the organization's assets generally exceed liabilities, indicating a healthy balance sheet. The trend shows a decrease in liabilities in recent years, which is positive.
Filing History
IRS 990 filing history for Port Resources showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Port Resources's revenue has grown by 4.3%, moving from $13.1M to $13.7M. Total assets decreased by 28.3% over the same period, from $9.1M to $6.5M. Total functional expenses rose by 2.4%, from $13.1M to $13.4M. In its most recent filing year (2023), Port Resources reported a surplus of $332K, with revenue exceeding expenses. The organization holds $3.9M in liabilities against $6.5M in assets (debt-to-asset ratio: 60.8%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.7M | $13.4M | $6.5M | $3.9M | — | View 990 |
| 2022 | $14.2M | $14.0M | $7.0M | $4.8M | — | View 990 |
| 2021 | $14.2M | $13.4M | $7.9M | $5.9M | — | View 990 |
| 2020 | $12.9M | $12.9M | $9.0M | $7.8M | — | View 990 |
| 2019 | $12.8M | $14.1M | $7.6M | $6.5M | — | View 990 |
| 2018 | $12.0M | $11.8M | $7.3M | $4.9M | — | View 990 |
| 2017 | $11.8M | $11.8M | $7.4M | $5.1M | — | View 990 |
| 2016 | $11.6M | $11.7M | $7.5M | $5.4M | — | View 990 |
| 2015 | $12.1M | $12.3M | $7.9M | $5.7M | — | View 990 |
| 2014 | $12.5M | $12.5M | $8.8M | $6.3M | — | View 990 |
| 2013 | $12.2M | $12.4M | $8.8M | $6.3M | — | View 990 |
| 2012 | $13.1M | $13.1M | $9.1M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.7M, expenses of $13.4M, and assets of $6.5M (revenue -3.5% year-over-year).
- 2022: Revenue of $14.2M, expenses of $14.0M, and assets of $7.0M (revenue -0.1% year-over-year).
- 2021: Revenue of $14.2M, expenses of $13.4M, and assets of $7.9M (revenue +10.0% year-over-year).
- 2020: Revenue of $12.9M, expenses of $12.9M, and assets of $9.0M (revenue +0.8% year-over-year).
- 2019: Revenue of $12.8M, expenses of $14.1M, and assets of $7.6M (revenue +7.2% year-over-year).
- 2018: Revenue of $12.0M, expenses of $11.8M, and assets of $7.3M (revenue +1.3% year-over-year).
- 2017: Revenue of $11.8M, expenses of $11.8M, and assets of $7.4M (revenue +2.0% year-over-year).
- 2016: Revenue of $11.6M, expenses of $11.7M, and assets of $7.5M (revenue -4.3% year-over-year).
- 2015: Revenue of $12.1M, expenses of $12.3M, and assets of $7.9M (revenue -2.8% year-over-year).
- 2014: Revenue of $12.5M, expenses of $12.5M, and assets of $8.8M (revenue +2.3% year-over-year).
- 2013: Revenue of $12.2M, expenses of $12.4M, and assets of $8.8M (revenue -7.3% year-over-year).
- 2012: Revenue of $13.1M, expenses of $13.1M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Port Resources:
Data Sources and Methodology
This transparency report for Port Resources 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.