Southwest Harbor Tremont Nursing Service Inc

Southwest Harbor Tremont Nursing Service Inc maintains stable finances with consistent revenue growth and no reported officer compensation.

EIN: 10271579 · Southwest Hbr, ME · Updated: 2026-03-28

$1.5MRevenue

$1.1MAssets

92/100Mission Score (Excellent)

Is Southwest Harbor Tremont Nursing Service Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Southwest Harbor Tremont Nursing Service Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Southwest Harbor Tremont Nursing Service Inc

Southwest Harbor Tremont Nursing Service Inc (EIN: 10271579) is a nonprofit organization based in Southwest Hbr, ME. The organization reported total revenue of $1.5M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Harbor Tremont Nursing Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Southwest Harbor Tremont Nursing Service Inc demonstrates consistent financial stability and a strong commitment to its program services. Over the past five years, the organization has shown steady revenue growth, increasing from $296,051 in 2019 to $528,824 in 2023. This growth has been accompanied by prudent expense management, with expenses generally tracking revenue, indicating sustainable operations. For instance, in 2023, revenue was $528,824 against expenses of $521,819, resulting in a modest surplus.

The organization's asset base has remained robust, consistently exceeding $1 million in recent years, reaching $1,193,028 in 2023, while liabilities have remained very low, indicating a healthy balance sheet and strong financial reserves. A key strength is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator of resource allocation directly to mission. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the overall financial trends are positive.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Southwest Harbor Tremont Nursing Service Inc with a Mission Score of 92 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, Southwest Harbor Tremont Nursing Service 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 reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of this size and indicates a strong commitment to directing funds to services.

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 Southwest Harbor Tremont Nursing Service Inc's IRS 990 filings:

Lack of detailed expense breakdown prevents granular analysis of spending efficiency.

Strengths

The following positive indicators were identified for Southwest Harbor Tremont Nursing Service Inc:

Consistent revenue growth from $296,051 in 2019 to $528,824 in 2023.
Strong financial reserves with assets consistently over $1 million.
Extremely low liabilities, indicating sound financial management.
Reported 0% officer compensation across all filings, suggesting high dedication of resources to mission.
Consistent positive net income or near break-even operations, indicating sustainable financial practices.

Frequently Asked Questions about Southwest Harbor Tremont Nursing Service Inc

Is Southwest Harbor Tremont Nursing Service Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Southwest Harbor Tremont Nursing Service Inc (EIN: 10271579) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

How does Southwest Harbor Tremont Nursing Service Inc spend its money?

Southwest Harbor Tremont Nursing Service Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Southwest Harbor Tremont Nursing Service Inc tax-deductible?

Southwest Harbor Tremont Nursing Service Inc is registered as a tax-exempt nonprofit (EIN: 10271579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Southwest Harbor Tremont Nursing Service Inc a good charity?

Based on the provided financial data, the organization appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, low liabilities, and a remarkable commitment to its mission by reporting 0% officer compensation.

How has the organization's revenue trended over the past five years?

The organization's revenue has shown a positive upward trend over the past five years, increasing from $296,051 in 2019 to $528,824 in 2023.

What is the organization's financial stability?

Southwest Harbor Tremont Nursing Service Inc exhibits strong financial stability, with assets consistently over $1 million and very low liabilities, indicating a healthy balance sheet and good reserves.

Filing History

IRS 990 filing history for Southwest Harbor Tremont Nursing Service Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Southwest Harbor Tremont Nursing Service Inc's revenue has grown by 110.3%, moving from $251K to $529K. Total assets increased by 52.5% over the same period, from $782K to $1.2M. Total functional expenses rose by 84.3%, from $283K to $522K. In its most recent filing year (2023), Southwest Harbor Tremont Nursing Service Inc reported a surplus of $7K, with revenue exceeding expenses. The organization holds $9K in liabilities against $1.2M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$529K	$522K	$1.2M	$9K	—	—
2022	$513K	$446K	$1.1M	$20K	—	View 990
2021	$481K	$395K	$1.2M	$31K	—	View 990
2020	$370K	$368K	$1.0M	$9K	—	—
2019	$296K	$377K	$910K	$7K	—	View 990
2018	$326K	$379K	$863K	$5K	—	View 990
2017	$350K	$393K	$1.0M	$7K	—	View 990
2016	$295K	$358K	$977K	$6K	—	View 990
2015	$363K	$322K	$1.0M	$1K	—	View 990
2014	$349K	$313K	$1.0M	$1K	—	View 990
2013	$414K	$305K	$991K	$1K	—	View 990
2012	$328K	$309K	$841K	$0	—	View 990
2011	$251K	$283K	$782K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $529K, expenses of $522K, and assets of $1.2M (revenue +3.0% year-over-year).
2022: Revenue of $513K, expenses of $446K, and assets of $1.1M (revenue +6.8% year-over-year).
2021: Revenue of $481K, expenses of $395K, and assets of $1.2M (revenue +30.0% year-over-year).
2020: Revenue of $370K, expenses of $368K, and assets of $1.0M (revenue +24.9% year-over-year).
2019: Revenue of $296K, expenses of $377K, and assets of $910K (revenue -9.2% year-over-year).
2018: Revenue of $326K, expenses of $379K, and assets of $863K (revenue -6.9% year-over-year).
2017: Revenue of $350K, expenses of $393K, and assets of $1.0M (revenue +18.8% year-over-year).
2016: Revenue of $295K, expenses of $358K, and assets of $977K (revenue -18.9% year-over-year).
2015: Revenue of $363K, expenses of $322K, and assets of $1.0M (revenue +4.3% year-over-year).
2014: Revenue of $349K, expenses of $313K, and assets of $1.0M (revenue -15.8% year-over-year).
2013: Revenue of $414K, expenses of $305K, and assets of $991K (revenue +26.1% year-over-year).
2012: Revenue of $328K, expenses of $309K, and assets of $841K (revenue +30.6% year-over-year).
2011: Revenue of $251K, expenses of $283K, and assets of $782K.

Data Sources and Methodology

This transparency report for Southwest Harbor Tremont Nursing Service 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.