State Chartered Credit Unions In Maine
State Chartered Credit Unions In Maine shows consistent revenue and asset growth with no reported officer compensation.
EIN: 10261000 · Sabattus, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| Net Assets | $7.0M |
| Transparency Score | 90/100 |
Is State Chartered Credit Unions In Maine Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
State Chartered Credit Unions In Maine directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About State Chartered Credit Unions In Maine
State Chartered Credit Unions In Maine (EIN: 10261000) is a nonprofit organization based in Sabattus, ME. The organization reported total revenue of $4.3M and total assets of $79.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of State Chartered Credit Unions In Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
State Chartered Credit Unions In Maine is a mid-size nonprofit that has been operating for 57 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$371K |
| Total Assets | $73.8M |
| Total Liabilities | $66.8M |
| Net Assets | $7.0M |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 90.5% |
| Months of Reserves | 286.9 months |
Financial Health Grade: A
In 2023, State Chartered Credit Unions In Maine reported a surplus of $371K with revenue exceeding expenses, holds 286.9 months of operating reserves (strong position), has a debt-to-asset ratio of 90.5% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), State Chartered Credit Unions In Maine's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.7% | +29.2% | -2.3% |
| 2022 | +11.3% | +10.8% | +2.8% |
| 2021 | -2.6% | -5.6% | +17.4% |
| 2020 | -3.3% | +1.4% | +23.6% |
| 2019 | +9.0% | +9.5% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 State Chartered Credit Unions In Maine 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: 85%
- fundraising: 5%
According to IRS 990 filings, State Chartered Credit Unions In Maine 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 $371K, with revenue exceeding expenses.
- Debt-to-asset ratio: 90.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is a highly positive sign for financial efficiency and a strong commitment to its mission.
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 State Chartered Credit Unions In Maine:
- Consistent revenue growth, from $1.7M in 2013 to $3.4M in 2023.
- Significant asset growth, from $34M in 2013 to $73M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Consistent positive net income, with expenses consistently lower than revenue.
- Strong asset base relative to annual revenue, suggesting long-term financial health.
Frequently Asked Questions about State Chartered Credit Unions In Maine
Is State Chartered Credit Unions In Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, State Chartered Credit Unions In Maine (EIN: 10261000) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does State Chartered Credit Unions In Maine spend its money?
State Chartered Credit Unions In Maine directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to State Chartered Credit Unions In Maine tax-deductible?
State Chartered Credit Unions In Maine is registered as a tax-exempt nonprofit (EIN: 10261000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of State Chartered Credit Unions In Maine's spending goes to programs?
State Chartered Credit Unions In Maine directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is State Chartered Credit Unions In Maine located?
State Chartered Credit Unions In Maine is headquartered in Sabattus, Maine and files with the IRS under EIN 10261000.
How many years of IRS 990 filings does State Chartered Credit Unions In Maine have?
State Chartered Credit Unions In Maine has 12 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 $4.3M in total revenue.
Is State Chartered Credit Unions In Maine financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth from $1.7M in 2013 to $3.4M in 2023, and assets growing from $34M to $73M over the same period. Liabilities are also well-managed relative to assets.
Does State Chartered Credit Unions In Maine pay its executives well?
No, the organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating no salaries or benefits are paid to its officers.
How has the organization's asset base changed over time?
The organization's assets have shown significant and consistent growth, increasing from $34,637,575 in 2013 to $73,835,312 in 2023, nearly doubling in a decade.
Filing History
IRS 990 filing history for State Chartered Credit Unions In Maine showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), State Chartered Credit Unions In Maine's revenue has grown by 76.3%, moving from $2.0M to $3.5M. Total assets increased by 123.5% over the same period, from $33.0M to $73.8M. Total functional expenses rose by 77.8%, from $1.7M to $3.1M. In its most recent filing year (2023), State Chartered Credit Unions In Maine reported a surplus of $371K, with revenue exceeding expenses. The organization holds $66.8M in liabilities against $73.8M in assets (debt-to-asset ratio: 90.5%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.1M | $73.8M | $66.8M | — | View 990 |
| 2022 | $2.8M | $2.4M | $75.6M | $68.9M | — | View 990 |
| 2021 | $2.5M | $2.2M | $73.5M | $67.2M | — | View 990 |
| 2020 | $2.5M | $2.3M | $62.6M | $56.7M | — | — |
| 2019 | $2.6M | $2.3M | $50.7M | $45.0M | — | View 990 |
| 2018 | $2.4M | $2.1M | $44.8M | $39.5M | — | View 990 |
| 2016 | $1.9M | $1.7M | $41.4M | $36.6M | — | View 990 |
| 2015 | $1.8M | $1.6M | $38.6M | $34.1M | — | View 990 |
| 2014 | $1.7M | $1.5M | $35.4M | $31.1M | — | View 990 |
| 2013 | $1.8M | $1.5M | $34.6M | $30.6M | — | View 990 |
| 2012 | $1.9M | $1.6M | $34.1M | $30.3M | — | View 990 |
| 2011 | $2.0M | $1.7M | $33.0M | $29.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.1M, and assets of $73.8M (revenue +25.7% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.4M, and assets of $75.6M (revenue +11.3% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.2M, and assets of $73.5M (revenue -2.6% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.3M, and assets of $62.6M (revenue -3.3% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.3M, and assets of $50.7M (revenue +9.0% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.1M, and assets of $44.8M (revenue +24.3% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.7M, and assets of $41.4M (revenue +7.7% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $38.6M (revenue +3.3% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.5M, and assets of $35.4M (revenue -2.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.5M, and assets of $34.6M (revenue -4.3% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.6M, and assets of $34.1M (revenue -4.9% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.7M, and assets of $33.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for State Chartered Credit Unions In Maine:
Data Sources and Methodology
This transparency report for State Chartered Credit Unions In Maine 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.