Quoddy Tides Foundation

Quoddy Tides Foundation consistently grows assets with zero reported officer compensation.

EIN: 16046843 · Eastport, ME · Updated: 2026-03-28

$433KRevenue

$3.4MAssets

88/100Mission Score (Excellent)

About Quoddy Tides Foundation

Quoddy Tides Foundation (EIN: 16046843) is a nonprofit organization based in Eastport, ME. The organization reported total revenue of $433K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quoddy Tides Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Quoddy Tides Foundation demonstrates consistent financial health with a strong asset base relative to its annual expenses. Over the past decade, the organization has steadily grown its assets from $1.58 million in 2014 to $3.43 million in 2023, indicating sound financial management and potentially significant endowments or investments. Their revenue has fluctuated, with a high of $742,558 in 2022 and $474,552 in 2023, but expenses have remained relatively stable and significantly lower than revenue in most years, leading to consistent surpluses that contribute to asset growth. This suggests a conservative spending approach and a focus on long-term sustainability.

Spending efficiency appears high, as evidenced by the consistent surpluses and the fact that officer compensation has been reported as 0% across all available filings. This indicates that the organization is likely volunteer-led at the executive level or that compensation is covered by other means not reported as officer compensation, which is a positive sign for donor confidence. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall low expense-to-revenue ratio suggests that a significant portion of funds are either retained for future programs or directly applied to their mission.

Transparency is generally good, with 13 filings available, demonstrating a consistent reporting history. The absence of officer compensation is a notable point for transparency, as it suggests a lean operational structure. However, without a detailed functional expense breakdown (e.g., specific percentages for program services, management & general, and fundraising), it's challenging to fully assess the efficiency of spending across different categories. Further scrutiny of the full 990 forms would be needed to determine the exact allocation of expenses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Quoddy Tides Foundation with a Mission Score of 88 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, Quoddy Tides Foundation 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through means not categorized as officer compensation, which is highly favorable for a nonprofit of its size with assets exceeding $3 million.

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 Quoddy Tides Foundation's IRS 990 filings:

Lack of detailed functional expense breakdown in provided summary data

Strengths

The following positive indicators were identified for Quoddy Tides Foundation:

Consistent asset growth, from $1.58M in 2014 to $3.43M in 2023
Zero reported officer compensation across all filings
Expenses consistently lower than revenue, leading to surpluses
Strong financial stability with low liabilities relative to assets
Long history of IRS 990 filings (13 filings) demonstrating transparency

Frequently Asked Questions about Quoddy Tides Foundation

Is Quoddy Tides Foundation financially stable?

Yes, the foundation is financially stable, consistently growing its assets from $1.58 million in 2014 to $3.43 million in 2023, and maintaining expenses well below revenue in most years.

How much does Quoddy Tides Foundation spend on executive salaries?

The Quoddy Tides Foundation reports 0% for officer compensation across all available filings, suggesting no executive salaries are paid or are covered by other means.

What is the trend in Quoddy Tides Foundation's revenue?

Revenue has fluctuated over the years, with a high of $742,558 in 2022 and $474,552 in 2023, but generally remains robust relative to expenses.

Are the liabilities of Quoddy Tides Foundation manageable?

Yes, liabilities are consistently low relative to assets, for example, $139,447 in liabilities against $3,429,589 in assets in 2023, indicating strong financial health.

Filing History

IRS 990 filing history for Quoddy Tides Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Quoddy Tides Foundation's revenue has grown by 24.8%, moving from $380K to $475K. Total assets increased by 269.4% over the same period, from $928K to $3.4M. Total functional expenses rose by 66.8%, from $243K to $406K. In its most recent filing year (2023), Quoddy Tides Foundation reported a surplus of $69K, with revenue exceeding expenses. The organization holds $139K in liabilities against $3.4M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $3.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$475K	$406K	$3.4M	$139K	—	—
2022	$743K	$383K	$3.4M	$148K	—	View 990
2021	$640K	$292K	$3.0M	$121K	—	View 990
2020	$419K	$265K	$2.7M	$226K	—	View 990
2019	$660K	$310K	$2.7M	$344K	—	View 990
2018	$354K	$316K	$2.2M	$194K	—	View 990
2017	$476K	$251K	$2.2M	$195K	—	View 990
2016	$498K	$253K	$2.0M	$203K	—	View 990
2015	$389K	$243K	$1.7M	$215K	—	View 990
2014	$559K	$264K	$1.6M	$221K	—	View 990
2013	$414K	$241K	$1.3M	$261K	—	View 990
2012	$575K	$279K	$1.2M	$300K	—	View 990
2011	$380K	$243K	$928K	$341K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $475K, expenses of $406K, and assets of $3.4M (revenue -36.1% year-over-year).
2022: Revenue of $743K, expenses of $383K, and assets of $3.4M (revenue +16.1% year-over-year).
2021: Revenue of $640K, expenses of $292K, and assets of $3.0M (revenue +52.6% year-over-year).
2020: Revenue of $419K, expenses of $265K, and assets of $2.7M (revenue -36.5% year-over-year).
2019: Revenue of $660K, expenses of $310K, and assets of $2.7M (revenue +86.3% year-over-year).
2018: Revenue of $354K, expenses of $316K, and assets of $2.2M (revenue -25.7% year-over-year).
2017: Revenue of $476K, expenses of $251K, and assets of $2.2M (revenue -4.3% year-over-year).
2016: Revenue of $498K, expenses of $253K, and assets of $2.0M (revenue +28.0% year-over-year).
2015: Revenue of $389K, expenses of $243K, and assets of $1.7M (revenue -30.4% year-over-year).
2014: Revenue of $559K, expenses of $264K, and assets of $1.6M (revenue +34.9% year-over-year).
2013: Revenue of $414K, expenses of $241K, and assets of $1.3M (revenue -28.0% year-over-year).
2012: Revenue of $575K, expenses of $279K, and assets of $1.2M (revenue +51.1% year-over-year).
2011: Revenue of $380K, expenses of $243K, and assets of $928K.

Data Sources and Methodology

This transparency report for Quoddy Tides Foundation 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.