Rural Maine Ministries Inc
Rural Maine Ministries Inc. faces declining revenue and assets, with liabilities exceeding assets in its latest filing.
EIN: 10438154 · Hartland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $29K |
| Program Spending | 80% |
| Net Assets | $-8,898 |
| Transparency Score | 45/100 |
Is Rural Maine Ministries Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rural Maine Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rural Maine Ministries Inc
Rural Maine Ministries Inc (EIN: 10438154) is a nonprofit organization based in Hartland, ME. The organization reported total revenue of $30K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rural Maine Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rural Maine Ministries Inc is a micro nonprofit that has been operating for 36 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $29K |
| Surplus / Deficit | +$970 |
| Total Assets | $17K |
| Total Liabilities | $26K |
| Net Assets | $-8,898 |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 151.3% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2018, Rural Maine Ministries Inc reported a surplus of $970 with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 151.3% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Rural Maine Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -19.5% | -2.3% | -31.0% |
| 2017 | -9.7% | -42.9% | -9.9% |
| 2016 | -14.7% | -17.9% | -15.2% |
| 2015 | +6.0% | +22.8% | -25.4% |
| 2014 | -16.1% | -20.4% | +76.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Rural Maine Ministries Inc with a Mission Score of 45 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Rural Maine Ministries Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $970, with revenue exceeding expenses.
- Debt-to-asset ratio: 151.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is a positive for minimizing administrative costs relative to the organization's small size and revenue.
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 Rural Maine Ministries Inc's IRS 990 filings:
- Consistent decline in revenue from $87,456 in 2012 to $30,298 in 2018.
- Assets have significantly decreased from $44,188 in 2014 to $17,354 in 2018.
- Liabilities ($26,252 in 2018) exceed assets ($17,354 in 2018), indicating potential insolvency.
- Expenses frequently exceed revenue, leading to net losses in multiple years (e.g., 2016, 2015, 2014, 2013).
Strengths
The following positive indicators were identified for Rural Maine Ministries Inc:
- 0% officer compensation reported across all filings, indicating low administrative overhead for leadership.
- Consistent filing of IRS 990 forms, demonstrating a commitment to transparency.
Frequently Asked Questions about Rural Maine Ministries Inc
Is Rural Maine Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rural Maine Ministries Inc (EIN: 10438154) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Rural Maine Ministries Inc spend its money?
Rural Maine Ministries Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rural Maine Ministries Inc tax-deductible?
Rural Maine Ministries Inc is registered as a tax-exempt nonprofit (EIN: 10438154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rural Maine Ministries Inc's spending goes to programs?
Rural Maine Ministries Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Rural Maine Ministries Inc located?
Rural Maine Ministries Inc is headquartered in Hartland, Maine and files with the IRS under EIN 10438154.
How many years of IRS 990 filings does Rural Maine Ministries Inc have?
Rural Maine Ministries Inc has 8 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 $30K in total revenue.
How does Rural Maine Ministries Inc. cover its expenses when they exceed revenue, as seen in 2016 and 2015?
The organization likely covers these deficits by drawing down on prior year assets or through other unspecified funding sources, as its liabilities have also increased in some of these periods.
What is the specific nature of the programs Rural Maine Ministries Inc. delivers?
The provided IRS 990 data does not detail the specific programs, only financial figures. Further investigation into their mission statement or website would be needed.
Why have both revenue and assets seen a significant decline since 2012?
The data does not specify the reasons for the decline, but it could be due to reduced donations, grants, or changes in operational strategy.
What is the plan for addressing the high liabilities relative to assets, particularly the $26,252 in liabilities against $17,354 in assets in 2018?
The filings do not provide a strategic plan for addressing this imbalance, which indicates a significant financial risk.
Filing History
IRS 990 filing history for Rural Maine Ministries Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Rural Maine Ministries Inc's revenue has declined by 31.3%, moving from $44K to $30K. Total assets decreased by 26.1% over the same period, from $23K to $17K. Total functional expenses fell by 34.3%, from $45K to $29K. In its most recent filing year (2018), Rural Maine Ministries Inc reported a surplus of $970, with revenue exceeding expenses. The organization holds $26K in liabilities against $17K in assets (debt-to-asset ratio: 151.3%), resulting in net assets of $-8,898.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $30K | $29K | $17K | $26K | — | View 990 |
| 2017 | $38K | $30K | $25K | $35K | — | View 990 |
| 2016 | $42K | $53K | $28K | $35K | — | View 990 |
| 2015 | $49K | $64K | $33K | $29K | — | View 990 |
| 2014 | $46K | $52K | $44K | $25K | — | View 990 |
| 2013 | $55K | $65K | $25K | $0 | — | — |
| 2012 | $87K | $75K | $36K | $0 | — | View 990 |
| 2011 | $44K | $45K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $30K, expenses of $29K, and assets of $17K (revenue -19.5% year-over-year).
- 2017: Revenue of $38K, expenses of $30K, and assets of $25K (revenue -9.7% year-over-year).
- 2016: Revenue of $42K, expenses of $53K, and assets of $28K (revenue -14.7% year-over-year).
- 2015: Revenue of $49K, expenses of $64K, and assets of $33K (revenue +6.0% year-over-year).
- 2014: Revenue of $46K, expenses of $52K, and assets of $44K (revenue -16.1% year-over-year).
- 2013: Revenue of $55K, expenses of $65K, and assets of $25K (revenue -37.3% year-over-year).
- 2012: Revenue of $87K, expenses of $75K, and assets of $36K (revenue +98.4% year-over-year).
- 2011: Revenue of $44K, expenses of $45K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rural Maine Ministries Inc:
Data Sources and Methodology
This transparency report for Rural Maine Ministries 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.