Richmond Area Helth Center Inc

Richmond Area Health Center Inc. maintains stable operations with volunteer leadership and no executive compensation.

EIN: 10345826 · Boothbay, ME · NTEE: E39Z · Updated: 2026-03-28

$100KRevenue

$465KAssets

90/100Mission Score (Excellent)

E39Z

About Richmond Area Helth Center Inc

Richmond Area Helth Center Inc (EIN: 10345826) is a nonprofit organization based in Boothbay, ME, classified under NTEE code E39Z. The organization reported total revenue of $100K and total assets of $465K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richmond Area Helth Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Richmond Area Health Center Inc. demonstrates consistent financial operations over the past decade, with annual revenues hovering around $100,000 and expenses typically in the $80,000-$90,000 range. This indicates a stable, albeit small, operational scale. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission rather than executive salaries. While the organization's assets have seen a gradual decline from $624,517 in 2014 to $478,870 in 2023, its liabilities have also decreased, suggesting a managed reduction in its overall financial footprint rather than uncontrolled debt. The consistent filing of IRS 990s over 13 periods reflects good transparency practices for a nonprofit of its size.

The financial health appears stable given its scale, with revenues generally exceeding expenses, allowing for a modest accumulation of net assets. For instance, in 2023, revenue was $99,818 against expenses of $81,021, resulting in a surplus. The lack of officer compensation significantly boosts its spending efficiency, as a larger proportion of its budget can be allocated to program services. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine the program spending ratio, but the absence of executive salaries is a positive sign.

Overall, Richmond Area Health Center Inc. appears to be a financially prudent and transparent organization, especially considering its small size and volunteer-led structure. Its consistent operations and zero executive compensation suggest a strong dedication to its mission, making it a reliable steward of its limited resources.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Richmond Area Helth Center Inc 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: 90%
fundraising: 0%

According to IRS 990 filings, Richmond Area Helth Center Inc 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and a strong commitment to directing all funds towards its mission rather than executive salaries.

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 Richmond Area Helth Center Inc:

Consistent operational surplus (e.g., $99,818 revenue vs. $81,021 expenses in 2023)
0% officer compensation, indicating volunteer leadership and high efficiency potential
Stable revenue stream over the past decade
Consistent IRS 990 filing history, demonstrating transparency
Managed reduction in liabilities alongside assets

Frequently Asked Questions about Richmond Area Helth Center Inc

Is Richmond Area Health Center Inc. a good charity?

Based on the available financial data, Richmond Area Health Center Inc. appears to be a good charity. It consistently operates with a surplus, has no executive compensation, and maintains a stable financial position for its size.

How does the organization manage its assets and liabilities?

The organization's assets have gradually decreased from $624,517 in 2014 to $478,870 in 2023, but its liabilities have also decreased significantly from $592,026 to $342,420 over the same period, suggesting a managed reduction in its overall financial footprint and debt.

What is the trend in the organization's revenue and expenses?

Revenue has remained relatively stable, hovering around $100,000 annually, while expenses have generally been lower than revenue, typically in the $80,000-$90,000 range, indicating consistent operational surpluses.

Filing History

IRS 990 filing history for Richmond Area Helth Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Richmond Area Helth Center Inc's revenue has grown by 1.3%, moving from $99K to $100K. Total assets decreased by 29.9% over the same period, from $683K to $479K. Total functional expenses fell by 21.2%, from $103K to $81K. In its most recent filing year (2023), Richmond Area Helth Center Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $342K in liabilities against $479K in assets (debt-to-asset ratio: 71.5%), resulting in net assets of $136K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$100K	$81K	$479K	$342K	—	—
2022	$101K	$79K	$510K	$372K	—	View 990
2021	$97K	$79K	$503K	$387K	—	View 990
2020	$102K	$86K	$525K	$427K	—	View 990
2019	$106K	$93K	$531K	$449K	—	View 990
2018	$95K	$79K	$554K	$485K	—	View 990
2017	$92K	$87K	$567K	$514K	—	View 990
2016	$98K	$88K	$586K	$541K	—	View 990
2015	$96K	$94K	$602K	$568K	—	View 990
2014	$94K	$90K	$625K	$592K	—	View 990
2013	$107K	$95K	$643K	$615K	—	—
2012	$99K	$94K	$654K	$637K	—	View 990
2011	$99K	$103K	$683K	$671K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $100K, expenses of $81K, and assets of $479K (revenue -1.1% year-over-year).
2022: Revenue of $101K, expenses of $79K, and assets of $510K (revenue +3.6% year-over-year).
2021: Revenue of $97K, expenses of $79K, and assets of $503K (revenue -4.3% year-over-year).
2020: Revenue of $102K, expenses of $86K, and assets of $525K (revenue -3.9% year-over-year).
2019: Revenue of $106K, expenses of $93K, and assets of $531K (revenue +11.3% year-over-year).
2018: Revenue of $95K, expenses of $79K, and assets of $554K (revenue +3.9% year-over-year).
2017: Revenue of $92K, expenses of $87K, and assets of $567K (revenue -6.8% year-over-year).
2016: Revenue of $98K, expenses of $88K, and assets of $586K (revenue +2.2% year-over-year).
2015: Revenue of $96K, expenses of $94K, and assets of $602K (revenue +2.4% year-over-year).
2014: Revenue of $94K, expenses of $90K, and assets of $625K (revenue -12.1% year-over-year).
2013: Revenue of $107K, expenses of $95K, and assets of $643K (revenue +7.6% year-over-year).
2012: Revenue of $99K, expenses of $94K, and assets of $654K (revenue +0.9% year-over-year).
2011: Revenue of $99K, expenses of $103K, and assets of $683K.

Data Sources and Methodology

This transparency report for Richmond Area Helth Center Inc 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.