The Maine Narrow Gauge Railroad And Industrial Hertiage Trust
Maine Narrow Gauge Railroad Trust shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 10478004 · Portland, ME · NTEE: U99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $697K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is The Maine Narrow Gauge Railroad And Industrial Hertiage Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Maine Narrow Gauge Railroad And Industrial Hertiage Trust
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust (EIN: 10478004) is a nonprofit organization based in Portland, ME, classified under NTEE code U99. The organization reported total revenue of $2.0M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Maine Narrow Gauge Railroad And Industrial Hertiage Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust is a mid-size nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $697K |
| Surplus / Deficit | +$536K |
| Total Assets | $2.2M |
| Total Liabilities | $592K |
| Net Assets | $1.6M |
| Operating Margin | 43.5% |
| Debt-to-Asset Ratio | 27.1% |
| Months of Reserves | 37.7 months |
Financial Health Grade: A
In 2022, The Maine Narrow Gauge Railroad And Industrial Hertiage Trust reported a surplus of $536K with revenue exceeding expenses, holds 37.7 months of operating reserves (strong position), has a debt-to-asset ratio of 27.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), The Maine Narrow Gauge Railroad And Industrial Hertiage Trust's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +164.9% | +13.3% | +31.0% |
| 2021 | -50.4% | -23.2% | -2.2% |
| 2019 | -107.8% | -82.4% | -11.1% |
| 2018 | +39.2% | +20.9% | +35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
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 The Maine Narrow Gauge Railroad And Industrial Hertiage Trust with a Mission Score of 85 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Maine Narrow Gauge Railroad And Industrial Hertiage Trust allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $536K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer channels, which is highly favorable for a nonprofit of its size with assets nearing $2 million.
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 The Maine Narrow Gauge Railroad And Industrial Hertiage Trust's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for The Maine Narrow Gauge Railroad And Industrial Hertiage Trust:
- Consistent positive net income in most recent periods (e.g., $1,233,107 revenue vs. $696,670 expenses in 202203).
- Significant asset growth, reaching $2,187,281 in 202203.
- No reported officer compensation across all filings, indicating efficient use of funds for leadership.
- Strong recovery and growth in revenue following a period of negative revenue.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about The Maine Narrow Gauge Railroad And Industrial Hertiage Trust
Is The Maine Narrow Gauge Railroad And Industrial Hertiage Trust a legitimate charity?
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust (EIN: 10478004) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does The Maine Narrow Gauge Railroad And Industrial Hertiage Trust spend its money?
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Maine Narrow Gauge Railroad And Industrial Hertiage Trust tax-deductible?
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust is registered as a tax-exempt nonprofit (EIN: 10478004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Maine Narrow Gauge Railroad And Industrial Hertiage Trust CEO make?
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Maine Narrow Gauge Railroad And Industrial Hertiage Trust's spending goes to programs?
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Maine Narrow Gauge Railroad And Industrial Hertiage Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Maine Narrow Gauge Railroad And Industrial Hertiage Trust is above average for NTEE category U99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Maine Narrow Gauge Railroad And Industrial Hertiage Trust located?
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust is headquartered in Portland, Maine and files with the IRS under EIN 10478004. It is classified under NTEE code U99.
How many years of IRS 990 filings does The Maine Narrow Gauge Railroad And Industrial Hertiage Trust have?
The Maine Narrow Gauge Railroad And Industrial Hertiage Trust 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 $2.0M in total revenue.
Is The Maine Narrow Gauge Railroad And Industrial Heritage Trust financially stable?
Yes, the organization appears financially stable, consistently holding more assets than liabilities and demonstrating significant revenue growth, particularly in the 202203 period with $1,233,107 in revenue against $696,670 in expenses.
How has the organization's revenue trended over time?
Revenue has shown significant fluctuation but a strong upward trend in recent years, recovering from a negative revenue period in 201903 ($-63,448) to reach $1,233,107 in 202203.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a commitment to minimizing executive pay or relying on volunteer leadership.
Filing History
IRS 990 filing history for The Maine Narrow Gauge Railroad And Industrial Hertiage Trust showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), The Maine Narrow Gauge Railroad And Industrial Hertiage Trust's revenue has grown by 335.6%, moving from $283K to $1.2M. Total assets increased by 79.8% over the same period, from $1.2M to $2.2M. Total functional expenses rose by 130.4%, from $302K to $697K. In its most recent filing year (2022), The Maine Narrow Gauge Railroad And Industrial Hertiage Trust reported a surplus of $536K, with revenue exceeding expenses. The organization holds $592K in liabilities against $2.2M in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.2M | $697K | $2.2M | $592K | — | View 990 |
| 2021 | $465K | $615K | $1.7M | $610K | — | — |
| 2020 | $938K | $801K | $1.7M | $498K | — | View 990 |
| 2019 | $-63,448 | $119K | $1.5M | $452K | — | View 990 |
| 2018 | $809K | $674K | $1.7M | $459K | — | View 990 |
| 2017 | $581K | $557K | $1.3M | $142K | — | View 990 |
| 2016 | $508K | $441K | $1.2M | $137K | — | View 990 |
| 2015 | $400K | $434K | $1.2M | $142K | — | View 990 |
| 2014 | $385K | $403K | $1.2M | $116K | — | View 990 |
| 2013 | $375K | $342K | $1.2M | $206K | — | View 990 |
| 2012 | $322K | $331K | $1.2M | $221K | — | View 990 |
| 2011 | $283K | $302K | $1.2M | $235K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.2M, expenses of $697K, and assets of $2.2M (revenue +164.9% year-over-year).
- 2021: Revenue of $465K, expenses of $615K, and assets of $1.7M (revenue -50.4% year-over-year).
- 2020: Revenue of $938K, expenses of $801K, and assets of $1.7M.
- 2019: Revenue of $-63,448, expenses of $119K, and assets of $1.5M (revenue -107.8% year-over-year).
- 2018: Revenue of $809K, expenses of $674K, and assets of $1.7M (revenue +39.2% year-over-year).
- 2017: Revenue of $581K, expenses of $557K, and assets of $1.3M (revenue +14.4% year-over-year).
- 2016: Revenue of $508K, expenses of $441K, and assets of $1.2M (revenue +26.9% year-over-year).
- 2015: Revenue of $400K, expenses of $434K, and assets of $1.2M (revenue +3.9% year-over-year).
- 2014: Revenue of $385K, expenses of $403K, and assets of $1.2M (revenue +2.7% year-over-year).
- 2013: Revenue of $375K, expenses of $342K, and assets of $1.2M (revenue +16.3% year-over-year).
- 2012: Revenue of $322K, expenses of $331K, and assets of $1.2M (revenue +13.9% year-over-year).
- 2011: Revenue of $283K, expenses of $302K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Maine Narrow Gauge Railroad And Industrial Hertiage Trust:
Data Sources and Methodology
This transparency report for The Maine Narrow Gauge Railroad And Industrial Hertiage Trust 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.