Professional Logging Contractors Of The Northeast
Professional Logging Contractors Of The Northeast shows strong financial growth and no reported officer compensation.
EIN: 10505151 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $702K |
| Program Spending | 85% |
| Net Assets | $1.4M |
| Transparency Score | 90/100 |
Is Professional Logging Contractors Of The Northeast Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Professional Logging Contractors Of The Northeast directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Professional Logging Contractors Of The Northeast
Professional Logging Contractors Of The Northeast (EIN: 10505151) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $1.1M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Professional Logging Contractors Of The Northeast's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Professional Logging Contractors Of The Northeast is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $702K |
| Surplus / Deficit | +$312K |
| Total Assets | $1.4M |
| Total Liabilities | $1K |
| Net Assets | $1.4M |
| Operating Margin | 30.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 23.9 months |
Financial Health Grade: A
In 2023, Professional Logging Contractors Of The Northeast reported a surplus of $312K with revenue exceeding expenses, holds 23.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Professional Logging Contractors Of The Northeast's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | +15.6% | +28.7% |
| 2022 | +85.7% | +38.5% | +45.0% |
| 2021 | +5.2% | -2.7% | +7.7% |
| 2020 | -2.8% | -18.5% | +19.3% |
| 2019 | +23.6% | +31.0% | +137.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Professional Logging Contractors Of The Northeast with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Professional Logging Contractors Of The Northeast allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $312K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for transparency and resource allocation.
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.
Strengths
The following positive indicators were identified for Professional Logging Contractors Of The Northeast:
- Consistent revenue growth, increasing from $603,775 in 2021 to $1,013,925 in 2023.
- Significant asset growth, from $749,230 in 2021 to $1,398,006 in 2023, indicating strong financial health.
- Zero reported officer compensation across all filings, demonstrating high transparency and dedication of resources to the mission.
- Low liabilities, with only $1,012 reported in 2023, suggesting a healthy balance sheet.
- Consistent generation of operating surpluses, with revenue significantly exceeding expenses in recent years (e.g., $1,013,925 revenue vs. $702,347 expenses in 2023).
Frequently Asked Questions about Professional Logging Contractors Of The Northeast
Is Professional Logging Contractors Of The Northeast a legitimate charity?
Professional Logging Contractors Of The Northeast (EIN: 10505151) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Professional Logging Contractors Of The Northeast spend its money?
Professional Logging Contractors Of The Northeast directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Professional Logging Contractors Of The Northeast tax-deductible?
Professional Logging Contractors Of The Northeast is registered as a tax-exempt nonprofit (EIN: 10505151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Professional Logging Contractors Of The Northeast's spending goes to programs?
Professional Logging Contractors Of The Northeast directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Professional Logging Contractors Of The Northeast located?
Professional Logging Contractors Of The Northeast is headquartered in Augusta, Maine and files with the IRS under EIN 10505151.
How many years of IRS 990 filings does Professional Logging Contractors Of The Northeast have?
Professional Logging Contractors Of The Northeast 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 $1.1M in total revenue.
Is Professional Logging Contractors Of The Northeast financially stable?
Yes, the organization is financially stable, demonstrating consistent revenue growth, a significant increase in assets from $749,230 in 2021 to $1,398,006 in 2023, and low liabilities ($1,012 in 2023).
How efficiently does Professional Logging Contractors Of The Northeast spend its money?
The organization appears to spend very efficiently, with expenses of $702,347 against revenues of $1,013,925 in 2023, resulting in a substantial surplus. The absence of officer compensation further suggests efficient use of funds.
Does Professional Logging Contractors Of The Northeast pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries are paid to the organization's officers.
Filing History
IRS 990 filing history for Professional Logging Contractors Of The Northeast showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Professional Logging Contractors Of The Northeast's revenue has grown by 344.1%, moving from $228K to $1.0M. Total assets increased by 1553.7% over the same period, from $85K to $1.4M. Total functional expenses rose by 199.8%, from $234K to $702K. In its most recent filing year (2023), Professional Logging Contractors Of The Northeast reported a surplus of $312K, with revenue exceeding expenses. The organization holds $1K in liabilities against $1.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $702K | $1.4M | $1K | — | View 990 |
| 2022 | $1.1M | $607K | $1.1M | $1K | — | View 990 |
| 2021 | $604K | $439K | $749K | $178K | — | View 990 |
| 2020 | $574K | $451K | $696K | $289K | — | — |
| 2019 | $590K | $553K | $583K | $300K | — | View 990 |
| 2018 | $478K | $422K | $246K | $0 | — | View 990 |
| 2017 | $426K | $419K | $190K | $0 | — | View 990 |
| 2016 | $335K | $364K | $184K | $0 | — | View 990 |
| 2015 | $312K | $299K | $213K | $0 | — | View 990 |
| 2014 | $273K | $197K | $201K | $0 | — | View 990 |
| 2013 | $251K | $232K | $125K | $0 | — | View 990 |
| 2012 | $242K | $198K | $123K | $18K | — | View 990 |
| 2011 | $228K | $234K | $85K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $702K, and assets of $1.4M (revenue -9.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $607K, and assets of $1.1M (revenue +85.7% year-over-year).
- 2021: Revenue of $604K, expenses of $439K, and assets of $749K (revenue +5.2% year-over-year).
- 2020: Revenue of $574K, expenses of $451K, and assets of $696K (revenue -2.8% year-over-year).
- 2019: Revenue of $590K, expenses of $553K, and assets of $583K (revenue +23.6% year-over-year).
- 2018: Revenue of $478K, expenses of $422K, and assets of $246K (revenue +12.2% year-over-year).
- 2017: Revenue of $426K, expenses of $419K, and assets of $190K (revenue +27.1% year-over-year).
- 2016: Revenue of $335K, expenses of $364K, and assets of $184K (revenue +7.3% year-over-year).
- 2015: Revenue of $312K, expenses of $299K, and assets of $213K (revenue +14.3% year-over-year).
- 2014: Revenue of $273K, expenses of $197K, and assets of $201K (revenue +8.7% year-over-year).
- 2013: Revenue of $251K, expenses of $232K, and assets of $125K (revenue +3.8% year-over-year).
- 2012: Revenue of $242K, expenses of $198K, and assets of $123K (revenue +5.9% year-over-year).
- 2011: Revenue of $228K, expenses of $234K, and assets of $85K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Professional Logging Contractors Of The Northeast:
Data Sources and Methodology
This transparency report for Professional Logging Contractors Of The Northeast 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.