Tamc Title Corp
Tamc Title Corp reports zero revenue and assets in its latest filing, following years of modest financial activity.
EIN: 10389226 · Presque Isle, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $59K |
| Program Spending | 80% |
| Transparency Score | 65/100 |
Is Tamc Title Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tamc Title Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tamc Title Corp
Tamc Title Corp (EIN: 10389226) is a nonprofit organization based in Presque Isle, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tamc Title Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tamc Title Corp is a micro nonprofit that has been operating for 43 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $59K |
| Surplus / Deficit | +$37K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 39.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2015, Tamc Title Corp reported a surplus of $37K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2011–2015), Tamc Title Corp's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +36.2% | +11.6% | -100.0% |
| 2014 | +0.0% | +0.9% | +11.1% |
| 2013 | -29.2% | -34.4% | -2.9% |
| 2012 | -22.7% | -23.4% | -54.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Tamc Title Corp 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: 80%
- fundraising: 0%
According to IRS 990 filings, Tamc Title Corp allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led organization or that compensation is not reported in a standard manner, which is a positive sign for resource allocation if accurate.
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 Tamc Title Corp's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential inactivity or cessation of operations.
- NTEE code is unknown, limiting understanding of its mission and sector.
- Lack of detailed expense breakdown prevents a thorough analysis of spending efficiency.
Strengths
The following positive indicators were identified for Tamc Title Corp:
- Consistent reporting of 0% officer compensation across all filings, suggesting efficient use of funds if leadership is volunteer-based.
- Historically, expenses were generally lower than revenues, indicating financial stability in prior years.
- Five years of IRS 990 filing history available, demonstrating a history of compliance.
Frequently Asked Questions about Tamc Title Corp
Is Tamc Title Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Tamc Title Corp (EIN: 10389226) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Tamc Title Corp spend its money?
Tamc Title Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tamc Title Corp tax-deductible?
Tamc Title Corp is registered as a tax-exempt nonprofit (EIN: 10389226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tamc Title Corp located?
Tamc Title Corp is headquartered in Presque Isle, Maine and files with the IRS under EIN 10389226.
How many years of IRS 990 filings does Tamc Title Corp have?
Tamc Title Corp has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the sudden drop to $0 in revenue and assets in the latest filing?
The provided data does not specify the reason for the sudden cessation of financial activity. This could indicate a winding down of operations, a change in organizational structure, or an error in reporting.
Is Tamc Title Corp still an active organization?
Based on the latest filing showing $0 revenue and assets, it is highly questionable whether the organization is still actively operating. Further investigation into its current status would be required.
What were the primary program activities of Tamc Title Corp?
The NTEE code is unknown, and detailed expense breakdowns are not provided, making it impossible to determine the specific program activities from the given data.
Filing History
IRS 990 filing history for Tamc Title Corp showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Tamc Title Corp's revenue has declined by 25.5%, moving from $129K to $96K. Total assets decreased by 100% over the same period, from $653K to $0. Total functional expenses fell by 43.4%, from $103K to $59K. In its most recent filing year (2015), Tamc Title Corp reported a surplus of $37K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $96K | $59K | $0 | $0 | — | View 990 |
| 2014 | $70K | $52K | $321K | $16K | — | View 990 |
| 2013 | $70K | $52K | $289K | $2K | — | View 990 |
| 2012 | $100K | $79K | $297K | $29K | — | View 990 |
| 2011 | $129K | $103K | $653K | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $96K, expenses of $59K, and assets of $0 (revenue +36.2% year-over-year).
- 2014: Revenue of $70K, expenses of $52K, and assets of $321K (revenue +0.0% year-over-year).
- 2013: Revenue of $70K, expenses of $52K, and assets of $289K (revenue -29.2% year-over-year).
- 2012: Revenue of $100K, expenses of $79K, and assets of $297K (revenue -22.7% year-over-year).
- 2011: Revenue of $129K, expenses of $103K, and assets of $653K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tamc Title Corp:
Data Sources and Methodology
This transparency report for Tamc Title Corp 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.