Redington Memorial Home
Redington Memorial Home maintains stable assets and reports no officer compensation amidst fluctuating annual revenues and expenses.
EIN: 10211547 · Skowhegan, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $5.4M |
| Transparency Score | 85/100 |
Is Redington Memorial Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Redington Memorial Home directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Redington Memorial Home
Redington Memorial Home (EIN: 10211547) is a nonprofit organization based in Skowhegan, ME. The organization reported total revenue of $3.0M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Redington Memorial Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Redington Memorial Home is a mid-size nonprofit that has been operating for 86 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-98,165 |
| Total Assets | $5.4M |
| Total Liabilities | $1 |
| Net Assets | $5.4M |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.8 months |
Financial Health Grade: B
In 2023, Redington Memorial Home reported a deficit of $98K with expenses exceeding revenue, holds 50.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Redington Memorial Home's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.2% | +12.4% | -1.8% |
| 2022 | +24.3% | +9.3% | -2.5% |
| 2021 | -17.1% | +2.1% | -4.0% |
| 2020 | -7.6% | +10.4% | -0.8% |
| 2019 | +8.7% | +11.7% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1940 |
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 Redington Memorial Home 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, Redington Memorial Home 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 deficit of $98K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with over $1 million in annual expenses and over $5 million in assets.
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 Redington Memorial Home's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size, which is highly unusual and warrants further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Redington Memorial Home:
- Consistent asset growth, from $4,831,364 in 2011 to $5,438,614 in 2023, indicating financial stability.
- Extremely low liabilities, consistently reported as $1 in recent years, demonstrating excellent financial management of obligations.
- No reported officer compensation, suggesting a high proportion of funds are directed towards the mission rather than executive salaries.
- Consistent filing of IRS Form 990s over a decade, indicating good transparency practices.
Frequently Asked Questions about Redington Memorial Home
Is Redington Memorial Home a legitimate charity?
Based on AI analysis of IRS 990 filings, Redington Memorial Home (EIN: 10211547) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Redington Memorial Home spend its money?
Redington Memorial Home directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Redington Memorial Home tax-deductible?
Redington Memorial Home is registered as a tax-exempt nonprofit (EIN: 10211547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Redington Memorial Home CEO make?
Redington Memorial Home's highest-compensated officer earns $1 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Redington Memorial Home located?
Redington Memorial Home is headquartered in Skowhegan, Maine and files with the IRS under EIN 10211547.
How many years of IRS 990 filings does Redington Memorial Home have?
Redington Memorial Home has 10 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 $3.0M in total revenue.
How does Redington Memorial Home manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive functions may be performed by volunteers, or compensated through other means not reported as officer compensation on the 990, or the organization's structure does not include paid officers in the traditional sense.
What is the primary source of Redington Memorial Home's revenue?
The provided data does not specify the primary source of revenue, only the total revenue figures. Further investigation into the 990 forms would be needed to determine if it's from contributions, program service revenue, investments, or other sources.
What are the specific programs that Redington Memorial Home funds?
The NTEE code is unknown, and the provided financial data does not detail the specific programs. To understand the mission and programs, one would need to review the organization's mission statement and program service accomplishments section of its IRS Form 990.
Filing History
IRS 990 filing history for Redington Memorial Home showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Redington Memorial Home's revenue has grown by 28.4%, moving from $923K to $1.2M. Total assets increased by 12.6% over the same period, from $4.8M to $5.4M. Total functional expenses rose by 55.7%, from $825K to $1.3M. In its most recent filing year (2023), Redington Memorial Home reported a deficit of $98K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $5.4M | $1 | — | — |
| 2022 | $1.0M | $1.1M | $5.5M | $1 | — | View 990 |
| 2021 | $807K | $1.0M | $5.7M | $1 | — | View 990 |
| 2020 | $974K | $1.0M | $5.9M | $1 | — | — |
| 2019 | $1.1M | $927K | $6.0M | $1 | — | — |
| 2015 | $971K | $830K | $5.5M | $1 | — | View 990 |
| 2014 | $1.0M | $922K | $5.3M | $32K | — | View 990 |
| 2013 | $967K | $815K | $5.2M | $13K | — | View 990 |
| 2012 | $981K | $767K | $5.0M | $11K | — | View 990 |
| 2011 | $923K | $825K | $4.8M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $5.4M (revenue +18.2% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.1M, and assets of $5.5M (revenue +24.3% year-over-year).
- 2021: Revenue of $807K, expenses of $1.0M, and assets of $5.7M (revenue -17.1% year-over-year).
- 2020: Revenue of $974K, expenses of $1.0M, and assets of $5.9M (revenue -7.6% year-over-year).
- 2019: Revenue of $1.1M, expenses of $927K, and assets of $6.0M (revenue +8.7% year-over-year).
- 2015: Revenue of $971K, expenses of $830K, and assets of $5.5M (revenue -7.2% year-over-year).
- 2014: Revenue of $1.0M, expenses of $922K, and assets of $5.3M (revenue +8.2% year-over-year).
- 2013: Revenue of $967K, expenses of $815K, and assets of $5.2M (revenue -1.4% year-over-year).
- 2012: Revenue of $981K, expenses of $767K, and assets of $5.0M (revenue +6.2% year-over-year).
- 2011: Revenue of $923K, expenses of $825K, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Redington Memorial Home:
Data Sources and Methodology
This transparency report for Redington Memorial Home 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.