St Marys Bank
St Marys Bank reports consistent growth in assets and revenue with 0% officer compensation.
EIN: 20187390 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $110.8M |
| Total Expenses | $62.3M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1.4 |
| Net Assets | $128.7M |
| Transparency Score | 65/100 |
Is St Marys Bank Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Marys Bank directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About St Marys Bank
St Marys Bank (EIN: 20187390) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $110.8M and total assets of $1.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Marys Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Marys Bank is a major nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $78.5M |
| Total Expenses | $62.3M |
| Surplus / Deficit | +$16.3M |
| Total Assets | $1.5B |
| Total Liabilities | $1.4B |
| Net Assets | $128.7M |
| Operating Margin | 20.7% |
| Debt-to-Asset Ratio | 91.4% |
| Months of Reserves | 288.4 months |
Financial Health Grade: A
In 2023, St Marys Bank reported a surplus of $16.3M with revenue exceeding expenses, holds 288.4 months of operating reserves (strong position), has a debt-to-asset ratio of 91.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Marys Bank's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.0% | +25.3% | +2.2% |
| 2022 | +4.4% | +2.5% | +4.2% |
| 2021 | +2.9% | +-0.0% | +11.1% |
| 2020 | +8.3% | +6.5% | +20.9% |
| 2019 | +9.9% | +12.9% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 St Marys Bank with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, St Marys Bank allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.4%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available IRS 990 filings for an organization with over $1.4 billion in assets is highly unusual and warrants further scrutiny regarding how executive compensation, if any, is categorized and disclosed.
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 St Marys Bank's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s for a large organization, raising transparency questions.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for St Marys Bank:
- Consistent revenue growth, from $34.7M in 2014 to $78.5M in 2023.
- Significant asset growth, from $814.6M in 2014 to $1.49B in 2023.
- Strong asset base relative to liabilities, indicating financial stability.
Frequently Asked Questions about St Marys Bank
Is St Marys Bank a legitimate charity?
Based on AI analysis of IRS 990 filings, St Marys Bank (EIN: 20187390) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does St Marys Bank spend its money?
St Marys Bank directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Marys Bank tax-deductible?
St Marys Bank is registered as a tax-exempt nonprofit (EIN: 20187390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Marys Bank CEO make?
St Marys Bank's highest-compensated officer earns $1.4 annually. The organization reported $110.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of St Marys Bank's spending goes to programs?
St Marys Bank directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is St Marys Bank located?
St Marys Bank is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20187390.
How many years of IRS 990 filings does St Marys Bank have?
St Marys Bank 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 $110.8M in total revenue.
Is St Marys Bank a good charity?
Based on the provided data, St Marys Bank demonstrates strong financial growth and asset accumulation. However, the consistent reporting of 0% officer compensation on its 990s is highly unusual for an organization of its scale and type, which could impact a full assessment of its operational transparency and efficiency. Without a detailed breakdown of program vs. administrative expenses, it's difficult to fully evaluate its charitable effectiveness.
Why is officer compensation reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean that officers are uncompensated, compensated through a related entity not reflected on this specific form, or their compensation is categorized differently within the financial statements. This requires further investigation beyond the provided 990 summary data.
How has St Marys Bank's financial health changed over time?
St Marys Bank has shown significant financial growth over the past decade. Its revenue increased from $34.7 million in 2014 to $78.5 million in 2023, and its assets grew from $814.6 million to $1.49 billion in the same period, indicating robust financial health and expansion.
Filing History
IRS 990 filing history for St Marys Bank showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Marys Bank's revenue has grown by 117.5%, moving from $36.1M to $78.5M. Total assets increased by 108.5% over the same period, from $717.7M to $1.5B. Total functional expenses rose by 83.3%, from $34.0M to $62.3M. In its most recent filing year (2023), St Marys Bank reported a surplus of $16.3M, with revenue exceeding expenses. The organization holds $1.4B in liabilities against $1.5B in assets (debt-to-asset ratio: 91.4%), resulting in net assets of $128.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $78.5M | $62.3M | $1.5B | $1.4B | — | View 990 |
| 2022 | $61.8M | $49.7M | $1.5B | $1.4B | — | View 990 |
| 2021 | $59.2M | $48.5M | $1.4B | $1.3B | — | View 990 |
| 2020 | $57.5M | $48.5M | $1.3B | $1.2B | — | View 990 |
| 2019 | $53.1M | $45.5M | $1.0B | $962.9M | — | — |
| 2018 | $48.4M | $40.4M | $1.0B | $927.7M | — | View 990 |
| 2017 | $44.9M | $40.6M | $989.0M | $919.5M | — | — |
| 2016 | $43.2M | $39.5M | $960.2M | $895.5M | — | View 990 |
| 2015 | $38.8M | $35.9M | $890.7M | $829.9M | — | View 990 |
| 2014 | $34.7M | $33.3M | $814.7M | $754.6M | — | View 990 |
| 2013 | $35.2M | $33.7M | $772.0M | $712.2M | — | View 990 |
| 2012 | $38.0M | $35.5M | $732.9M | $676.4M | — | View 990 |
| 2011 | $36.1M | $34.0M | $717.7M | $663.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78.5M, expenses of $62.3M, and assets of $1.5B (revenue +27.0% year-over-year).
- 2022: Revenue of $61.8M, expenses of $49.7M, and assets of $1.5B (revenue +4.4% year-over-year).
- 2021: Revenue of $59.2M, expenses of $48.5M, and assets of $1.4B (revenue +2.9% year-over-year).
- 2020: Revenue of $57.5M, expenses of $48.5M, and assets of $1.3B (revenue +8.3% year-over-year).
- 2019: Revenue of $53.1M, expenses of $45.5M, and assets of $1.0B (revenue +9.9% year-over-year).
- 2018: Revenue of $48.4M, expenses of $40.4M, and assets of $1.0B (revenue +7.8% year-over-year).
- 2017: Revenue of $44.9M, expenses of $40.6M, and assets of $989.0M (revenue +3.8% year-over-year).
- 2016: Revenue of $43.2M, expenses of $39.5M, and assets of $960.2M (revenue +11.4% year-over-year).
- 2015: Revenue of $38.8M, expenses of $35.9M, and assets of $890.7M (revenue +11.7% year-over-year).
- 2014: Revenue of $34.7M, expenses of $33.3M, and assets of $814.7M (revenue -1.2% year-over-year).
- 2013: Revenue of $35.2M, expenses of $33.7M, and assets of $772.0M (revenue -7.5% year-over-year).
- 2012: Revenue of $38.0M, expenses of $35.5M, and assets of $732.9M (revenue +5.2% year-over-year).
- 2011: Revenue of $36.1M, expenses of $34.0M, and assets of $717.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Marys Bank:
Data Sources and Methodology
This transparency report for St Marys Bank 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.