Sunrise County Economic Council
Sunrise County Economic Council shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 10493897 · Machias, ME · NTEE: S31Z · Updated: 2026-03-28
Is Sunrise County Economic Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sunrise County Economic Council directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sunrise County Economic Council
Sunrise County Economic Council (EIN: 10493897) is a nonprofit organization based in Machias, ME, classified under NTEE code S31Z. The organization reported total revenue of $4.3M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunrise County Economic Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sunrise County Economic Council 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, Sunrise County Economic Council 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization of this size ($4.2 million in latest revenue). This suggests either a volunteer-led executive team or that compensation is reported under other expense categories, warranting further investigation for full transparency.
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 Sunrise County Economic Council's IRS 990 filings:
- Consistent $0 reported officer compensation for an organization with over $4 million in revenue, which may obscure executive remuneration.
Strengths
The following positive indicators were identified for Sunrise County Economic Council:
- Consistent and significant revenue growth, from $625,755 in 201409 to $4,212,180 in 202309.
- Strong asset growth, increasing from $1,170,361 in 201409 to $4,797,722 in 202309.
- Positive net income (revenue exceeding expenses) in most recent years, indicating financial stability and sustainability.
- Healthy balance sheet with assets growing faster than liabilities.
- Implied high program spending efficiency due to the nature of the organization and lack of reported officer compensation.
Frequently Asked Questions about Sunrise County Economic Council
Is Sunrise County Economic Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Sunrise County Economic Council (EIN: 10493897) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Sunrise County Economic Council spend its money?
Sunrise County Economic Council directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sunrise County Economic Council tax-deductible?
Sunrise County Economic Council is registered as a tax-exempt nonprofit (EIN: 10493897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sunrise County Economic Council compensate its executive leadership if officer compensation is consistently reported as $0?
The IRS 990 filings consistently show $0 for officer compensation. This could mean executives are volunteers, compensated through a related entity, or their salaries are categorized differently within the expense breakdown (e.g., program or administrative salaries not specifically identified as 'officer compensation'). Further inquiry into their detailed financial statements would be needed for clarity.
What is the specific breakdown of program vs. administrative expenses?
While the filings show total expenses, a detailed breakdown of program vs. administrative costs is not explicitly provided in the summary data. Given the nature of an economic council, a significant portion of expenses would likely be program-related, but without specific line items, it's an estimation.
What are the primary sources of the organization's revenue growth?
The data indicates consistent revenue growth from $625,755 in 201409 to $4,212,180 in 202309. This substantial increase suggests successful grant acquisition, government contracts, or significant contributions, aligning with an economic development mission.
Filing History
IRS 990 filing history for Sunrise County Economic Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sunrise County Economic Council's revenue has grown by 579.5%, moving from $620K to $4.2M. Total assets increased by 490.2% over the same period, from $813K to $4.8M. Total functional expenses rose by 580.9%, from $569K to $3.9M. In its most recent filing year (2023), Sunrise County Economic Council reported a surplus of $336K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $4.8M in assets (debt-to-asset ratio: 33.7%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $3.9M | $4.8M | $1.6M | — | — |
| 2022 | $3.8M | $3.2M | $4.2M | $1.4M | — | — |
| 2021 | $3.3M | $2.6M | $3.1M | $956K | — | View 990 |
| 2020 | $2.7M | $2.2M | $2.2M | $845K | — | — |
| 2019 | $2.1M | $2.3M | $1.8M | $923K | — | View 990 |
| 2018 | $1.9M | $1.8M | $1.7M | $686K | — | View 990 |
| 2017 | $1.2M | $1.3M | $1.5M | $554K | — | View 990 |
| 2016 | $992K | $691K | $1.5M | $408K | — | View 990 |
| 2015 | $637K | $672K | $1.2M | $485K | — | View 990 |
| 2014 | $626K | $782K | $1.2M | $379K | — | View 990 |
| 2013 | $1.0M | $690K | $1.4M | $271K | — | View 990 |
| 2012 | $603K | $626K | $785K | $9K | — | View 990 |
| 2011 | $620K | $569K | $813K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $3.9M, and assets of $4.8M (revenue +9.7% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.2M, and assets of $4.2M (revenue +15.2% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.6M, and assets of $3.1M (revenue +22.2% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.2M, and assets of $2.2M (revenue +27.9% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.3M, and assets of $1.8M (revenue +13.7% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $1.7M (revenue +51.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $1.5M (revenue +25.2% year-over-year).
- 2016: Revenue of $992K, expenses of $691K, and assets of $1.5M (revenue +55.8% year-over-year).
- 2015: Revenue of $637K, expenses of $672K, and assets of $1.2M (revenue +1.8% year-over-year).
- 2014: Revenue of $626K, expenses of $782K, and assets of $1.2M (revenue -38.2% year-over-year).
- 2013: Revenue of $1.0M, expenses of $690K, and assets of $1.4M (revenue +68.1% year-over-year).
- 2012: Revenue of $603K, expenses of $626K, and assets of $785K (revenue -2.8% year-over-year).
- 2011: Revenue of $620K, expenses of $569K, and assets of $813K.
Data Sources and Methodology
This transparency report for Sunrise County Economic Council 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.