Quarry Hill
Quarry Hill faces consistent operating deficits and declining assets, with liabilities exceeding assets in recent years.
EIN: 10213976 · Belfast, ME · NTEE: E91Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.1M |
| Total Expenses | $15.0M |
| Program Spending | 80% |
| Net Assets | $-3,677,178 |
| Transparency Score | 65/100 |
Is Quarry Hill Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quarry Hill directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quarry Hill
Quarry Hill (EIN: 10213976) is a nonprofit organization based in Belfast, ME, classified under NTEE code E91Z. The organization reported total revenue of $10.1M and total assets of $14.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quarry Hill's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quarry Hill is a large nonprofit that has been operating for 87 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.7M |
| Total Expenses | $15.0M |
| Surplus / Deficit | $-2,275,281 |
| Total Assets | $14.0M |
| Total Liabilities | $17.7M |
| Net Assets | $-3,677,178 |
| Operating Margin | -17.9% |
| Debt-to-Asset Ratio | 126.2% |
| Months of Reserves | 11.2 months |
Financial Health Grade: C
In 2023, Quarry Hill reported a deficit of $2.3M with expenses exceeding revenue, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 126.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Quarry Hill's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | -10.7% | -3.1% |
| 2022 | +16.5% | +30.3% | -9.7% |
| 2021 | -7.2% | +6.4% | +1.4% |
| 2020 | +2.4% | +0.9% | -8.5% |
| 2019 | +6.0% | +4.0% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1939 |
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 Quarry Hill with a Mission Score of 65 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, Quarry Hill 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 $2.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 126.2%.
Executive Compensation Analysis
Quarry Hill consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is unusual for an organization of its size and 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 Quarry Hill's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in multiple recent years.
- Declining asset base over the past decade, from $20.5M in 2014 to $14.0M in 2023.
- Liabilities ($17.7M in 2023) exceeding total assets ($14.0M in 2023), indicating potential insolvency.
- 0% reported officer compensation for an organization with over $10M in revenue, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Quarry Hill:
- Consistent revenue generation exceeding $10 million annually.
- Extensive filing history with 14 IRS 990s, indicating strong transparency in reporting.
- NTEE code E91Z suggests a focus on elderly housing and care, aligning with a clear mission.
Frequently Asked Questions about Quarry Hill
Is Quarry Hill a legitimate charity?
Based on AI analysis of IRS 990 filings, Quarry Hill (EIN: 10213976) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Quarry Hill spend its money?
Quarry Hill directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quarry Hill tax-deductible?
Quarry Hill is registered as a tax-exempt nonprofit (EIN: 10213976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Quarry Hill's spending goes to programs?
Quarry Hill directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Quarry Hill compare to similar nonprofits?
With a transparency score of 65/100 (Good), Quarry Hill is above average for NTEE category E91Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quarry Hill located?
Quarry Hill is headquartered in Belfast, Maine and files with the IRS under EIN 10213976. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Quarry Hill have?
Quarry Hill 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 $10.1M in total revenue.
Is Quarry Hill financially sustainable given its consistent operating deficits?
Quarry Hill has consistently spent more than it earned in recent years, with expenses exceeding revenue by over $2 million in 202309 and over $4 million in 202209. This trend has led to a significant decline in assets and an increase in liabilities, raising concerns about long-term financial sustainability.
Why does Quarry Hill report 0% officer compensation?
The IRS 990 filings for Quarry Hill consistently show 0% officer compensation. This could mean that executive leadership is compensated through other means not categorized as 'officer compensation' on the 990, or that the organization relies heavily on volunteer leadership, which is uncommon for an organization with over $10 million in annual revenue.
What is the trend in Quarry Hill's net assets?
Quarry Hill's net assets have been in decline, with total assets decreasing from $20,595,311 in 201409 to $14,044,555 in 202309. Concurrently, liabilities have increased, resulting in liabilities exceeding assets in the most recent filing period (202309: Assets $14,044,555, Liabilities $17,721,733).
Filing History
IRS 990 filing history for Quarry Hill showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Quarry Hill's revenue has grown by 16.3%, moving from $10.9M to $12.7M. Total assets decreased by 33.4% over the same period, from $21.1M to $14.0M. Total functional expenses rose by 43.8%, from $10.4M to $15.0M. In its most recent filing year (2023), Quarry Hill reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $17.7M in liabilities against $14.0M in assets (debt-to-asset ratio: 126.2%), resulting in net assets of $-3,677,178.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.7M | $15.0M | $14.0M | $17.7M | — | — |
| 2022 | $12.6M | $16.8M | $14.5M | $16.1M | — | View 990 |
| 2021 | $10.8M | $12.9M | $16.0M | $12.9M | — | View 990 |
| 2020 | $11.7M | $12.1M | $15.8M | $11.5M | — | — |
| 2019 | $11.4M | $12.0M | $17.3M | $12.7M | — | View 990 |
| 2018 | $10.8M | $11.5M | $16.3M | $11.3M | — | View 990 |
| 2017 | $10.9M | $12.1M | $16.4M | $10.8M | — | View 990 |
| 2016 | $10.5M | $11.4M | $17.6M | $11.3M | — | View 990 |
| 2015 | $10.3M | $10.8M | $19.3M | $12.0M | — | View 990 |
| 2014 | $10.6M | $10.6M | $20.6M | $12.6M | — | View 990 |
| 2013 | $10.6M | $10.2M | $20.9M | $13.2M | — | View 990 |
| 2012 | $10.4M | $10.3M | $20.7M | $13.7M | — | View 990 |
| 2011 | $5.5M | $5.1M | $20.7M | $14.1M | — | View 990 |
| 2011 | $10.9M | $10.4M | $21.1M | $14.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.7M, expenses of $15.0M, and assets of $14.0M (revenue +0.7% year-over-year).
- 2022: Revenue of $12.6M, expenses of $16.8M, and assets of $14.5M (revenue +16.5% year-over-year).
- 2021: Revenue of $10.8M, expenses of $12.9M, and assets of $16.0M (revenue -7.2% year-over-year).
- 2020: Revenue of $11.7M, expenses of $12.1M, and assets of $15.8M (revenue +2.4% year-over-year).
- 2019: Revenue of $11.4M, expenses of $12.0M, and assets of $17.3M (revenue +6.0% year-over-year).
- 2018: Revenue of $10.8M, expenses of $11.5M, and assets of $16.3M (revenue -1.2% year-over-year).
- 2017: Revenue of $10.9M, expenses of $12.1M, and assets of $16.4M (revenue +3.9% year-over-year).
- 2016: Revenue of $10.5M, expenses of $11.4M, and assets of $17.6M (revenue +1.8% year-over-year).
- 2015: Revenue of $10.3M, expenses of $10.8M, and assets of $19.3M (revenue -3.2% year-over-year).
- 2014: Revenue of $10.6M, expenses of $10.6M, and assets of $20.6M (revenue +0.4% year-over-year).
- 2013: Revenue of $10.6M, expenses of $10.2M, and assets of $20.9M (revenue +1.7% year-over-year).
- 2012: Revenue of $10.4M, expenses of $10.3M, and assets of $20.7M (revenue +89.4% year-over-year).
- 2011: Revenue of $5.5M, expenses of $5.1M, and assets of $20.7M (revenue -49.7% year-over-year).
- 2011: Revenue of $10.9M, expenses of $10.4M, and assets of $21.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quarry Hill:
Data Sources and Methodology
This transparency report for Quarry Hill 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.