Retail Association Of Maine
Retail Association Of Maine shows recent revenue growth and consistent zero officer compensation.
EIN: 10165117 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $780K |
| Total Expenses | $616K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $496K |
| Transparency Score | 85/100 |
Is Retail Association Of Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Retail Association Of Maine directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Retail Association Of Maine
Retail Association Of Maine (EIN: 10165117) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $780K and total assets of $565K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Retail Association Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Retail Association Of Maine is a small nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $663K |
| Total Expenses | $616K |
| Surplus / Deficit | +$47K |
| Total Assets | $524K |
| Total Liabilities | $28K |
| Net Assets | $496K |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2023, Retail Association Of Maine reported a surplus of $47K with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Retail Association Of Maine's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70.0% | +12.1% | +12.5% |
| 2022 | -27.0% | +18.4% | -24.4% |
| 2021 | +47.3% | +21.1% | +3.3% |
| 2020 | +2.7% | +3.7% | -1.8% |
| 2019 | -9.6% | +2.2% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Retail Association Of Maine 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Retail Association Of Maine allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for an organization of its size, with recent revenues around $600,000-$700,000.
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 Retail Association Of Maine's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
The following positive indicators were identified for Retail Association Of Maine:
- Consistent 0% officer compensation, indicating efficient use of funds in this area.
- Positive net income in the latest filing (2023), showing financial health.
- Significant revenue growth in the most recent period (2023).
- Assets consistently exceed liabilities, indicating a healthy balance sheet.
Frequently Asked Questions about Retail Association Of Maine
Is Retail Association Of Maine a legitimate charity?
Retail Association Of Maine (EIN: 10165117) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $780K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Retail Association Of Maine spend its money?
Retail Association Of Maine directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Retail Association Of Maine tax-deductible?
Retail Association Of Maine is registered as a tax-exempt nonprofit (EIN: 10165117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Retail Association Of Maine CEO make?
Retail Association Of Maine's highest-compensated officer earns $600,000 annually. The organization reported $780K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Retail Association Of Maine's spending goes to programs?
Retail Association Of Maine directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Retail Association Of Maine located?
Retail Association Of Maine is headquartered in Augusta, Maine and files with the IRS under EIN 10165117.
How many years of IRS 990 filings does Retail Association Of Maine have?
Retail Association Of Maine 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 $780K in total revenue.
Is the Retail Association Of Maine financially stable?
Yes, the organization appears financially stable. While there was a deficit in 2022, the 2023 filing shows a surplus of $46,940 ($663,146 revenue - $616,206 expenses), and assets consistently outweigh liabilities.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no officers received salaries or other compensation directly from the organization.
What is the trend in the organization's revenue?
Revenue has shown significant growth in recent years, increasing from $390,125 in 2022 to $663,146 in 2023, and up from around $300,000-$350,000 in earlier periods.
Filing History
IRS 990 filing history for Retail Association Of Maine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Retail Association Of Maine's revenue has grown by 127.9%, moving from $291K to $663K. Total assets decreased by 23.8% over the same period, from $688K to $524K. Total functional expenses rose by 107.8%, from $296K to $616K. In its most recent filing year (2023), Retail Association Of Maine reported a surplus of $47K, with revenue exceeding expenses. The organization holds $28K in liabilities against $524K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $496K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $663K | $616K | $524K | $28K | — | — |
| 2022 | $390K | $550K | $466K | $23K | — | View 990 |
| 2021 | $535K | $464K | $616K | $14K | — | View 990 |
| 2020 | $363K | $383K | $597K | $65K | — | View 990 |
| 2019 | $353K | $369K | $608K | $56K | — | — |
| 2018 | $391K | $361K | $627K | $59K | — | View 990 |
| 2017 | $322K | $313K | $589K | $51K | — | View 990 |
| 2016 | $245K | $278K | $590K | $61K | — | View 990 |
| 2015 | $266K | $275K | $630K | $68K | — | View 990 |
| 2014 | $277K | $288K | $638K | $67K | — | View 990 |
| 2013 | $283K | $286K | $660K | $78K | — | View 990 |
| 2012 | $271K | $274K | $674K | $89K | — | View 990 |
| 2011 | $291K | $296K | $688K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $663K, expenses of $616K, and assets of $524K (revenue +70.0% year-over-year).
- 2022: Revenue of $390K, expenses of $550K, and assets of $466K (revenue -27.0% year-over-year).
- 2021: Revenue of $535K, expenses of $464K, and assets of $616K (revenue +47.3% year-over-year).
- 2020: Revenue of $363K, expenses of $383K, and assets of $597K (revenue +2.7% year-over-year).
- 2019: Revenue of $353K, expenses of $369K, and assets of $608K (revenue -9.6% year-over-year).
- 2018: Revenue of $391K, expenses of $361K, and assets of $627K (revenue +21.3% year-over-year).
- 2017: Revenue of $322K, expenses of $313K, and assets of $589K (revenue +31.3% year-over-year).
- 2016: Revenue of $245K, expenses of $278K, and assets of $590K (revenue -7.8% year-over-year).
- 2015: Revenue of $266K, expenses of $275K, and assets of $630K (revenue -3.9% year-over-year).
- 2014: Revenue of $277K, expenses of $288K, and assets of $638K (revenue -2.2% year-over-year).
- 2013: Revenue of $283K, expenses of $286K, and assets of $660K (revenue +4.5% year-over-year).
- 2012: Revenue of $271K, expenses of $274K, and assets of $674K (revenue -6.9% year-over-year).
- 2011: Revenue of $291K, expenses of $296K, and assets of $688K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Retail Association Of Maine:
Data Sources and Methodology
This transparency report for Retail Association Of Maine 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.