Rosscare
Rosscare's operations significantly downsized over the last decade, maintaining assets with no reported officer compensation.
EIN: 10391038 · Brewer, ME · Updated: 2026-03-28
Is Rosscare Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rosscare directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rosscare
Rosscare (EIN: 10391038) is a nonprofit organization based in Brewer, ME. The organization reported total revenue of $347K and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rosscare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rosscare is a small nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -22.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $301K |
| Total Expenses | $277K |
| Surplus / Deficit | +$24K |
| Total Assets | $7.3M |
| Total Liabilities | $2.6M |
| Net Assets | $4.6M |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 36.1% |
| Months of Reserves | 314.9 months |
Financial Health Grade: A
In 2023, Rosscare reported a surplus of $24K with revenue exceeding expenses, holds 314.9 months of operating reserves (strong position), has a debt-to-asset ratio of 36.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rosscare's revenue has declined at a compound annual growth rate (CAGR) of -22.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.4% | +14.2% | +9.0% |
| 2022 | +25.4% | -53.2% | -43.5% |
| 2021 | -19.9% | +4.7% | +8.8% |
| 2020 | +60.9% | -10.5% | -0.3% |
| 2019 | -96.0% | -91.7% | -64.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Rosscare with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Rosscare 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.1%.
Executive Compensation Analysis
Rosscare consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its former or current asset size.
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 Rosscare's IRS 990 filings:
- Significant and unexplained reduction in operational scale (revenue and expenses) over the past decade.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, making efficiency assessment difficult beyond officer compensation.
Strengths
The following positive indicators were identified for Rosscare:
- Consistently reports 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Maintains a strong asset base ($8,698,822) relative to its current operational expenses (e.g., $276,894 in 2023).
- Positive net income in recent years (e.g., $24,115 in 2023, $172,475 in 2022) after periods of deficit.
Frequently Asked Questions about Rosscare
Is Rosscare a legitimate charity?
Based on AI analysis of IRS 990 filings, Rosscare (EIN: 10391038) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Rosscare spend its money?
Rosscare directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rosscare tax-deductible?
Rosscare is registered as a tax-exempt nonprofit (EIN: 10391038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic decrease in Rosscare's revenue and expenses from over $6 million to under $500,000 annually?
The provided data does not specify the reason for this significant operational downsizing, but it's a critical question for understanding the organization's current mission and impact.
How does Rosscare manage to operate with 0% officer compensation, and who is responsible for executive oversight?
The consistent reporting of 0% officer compensation suggests either a fully volunteer-led executive team or that executive functions are covered by other expense categories, which would require further clarification.
What are Rosscare's current program activities given its reduced operational scale?
With current revenues around $300,000, the scope of their programs would be significantly different from when they had revenues exceeding $6 million, and understanding these current activities is key to assessing their impact.
Filing History
IRS 990 filing history for Rosscare showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rosscare's revenue has declined by 95%, moving from $6.1M to $301K. Total assets decreased by 75.1% over the same period, from $29.2M to $7.3M. Total functional expenses fell by 96%, from $6.9M to $277K. In its most recent filing year (2023), Rosscare reported a surplus of $24K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $7.3M in assets (debt-to-asset ratio: 36.1%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $301K | $277K | $7.3M | $2.6M | — | View 990 |
| 2022 | $415K | $242K | $6.7M | $2.6M | — | View 990 |
| 2021 | $331K | $518K | $11.8M | $5.8M | — | View 990 |
| 2020 | $413K | $495K | $10.8M | $6.0M | — | — |
| 2019 | $257K | $553K | $10.9M | $6.1M | — | View 990 |
| 2015 | $6.4M | $6.7M | $30.6M | $27.2M | — | View 990 |
| 2014 | $6.2M | $6.6M | $31.2M | $27.4M | — | View 990 |
| 2013 | $6.0M | $6.4M | $31.3M | $28.2M | — | View 990 |
| 2012 | $6.1M | $6.8M | $30.5M | $28.7M | — | View 990 |
| 2011 | $6.1M | $6.9M | $29.2M | $28.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $301K, expenses of $277K, and assets of $7.3M (revenue -27.4% year-over-year).
- 2022: Revenue of $415K, expenses of $242K, and assets of $6.7M (revenue +25.4% year-over-year).
- 2021: Revenue of $331K, expenses of $518K, and assets of $11.8M (revenue -19.9% year-over-year).
- 2020: Revenue of $413K, expenses of $495K, and assets of $10.8M (revenue +60.9% year-over-year).
- 2019: Revenue of $257K, expenses of $553K, and assets of $10.9M (revenue -96.0% year-over-year).
- 2015: Revenue of $6.4M, expenses of $6.7M, and assets of $30.6M (revenue +3.6% year-over-year).
- 2014: Revenue of $6.2M, expenses of $6.6M, and assets of $31.2M (revenue +3.1% year-over-year).
- 2013: Revenue of $6.0M, expenses of $6.4M, and assets of $31.3M (revenue -1.4% year-over-year).
- 2012: Revenue of $6.1M, expenses of $6.8M, and assets of $30.5M (revenue +0.1% year-over-year).
- 2011: Revenue of $6.1M, expenses of $6.9M, and assets of $29.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rosscare:
Data Sources and Methodology
This transparency report for Rosscare 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.