Tri Town Medical Foundation Inc

Tri Town Medical Foundation Inc. consistently spends more than its revenue, drawing on stable asset base.

EIN: 10366975 · Jay, ME · NTEE: B82 · Updated: 2026-03-28

$37KRevenue

$247KAssets

70/100Mission Score (Good)

B82

About Tri Town Medical Foundation Inc

Tri Town Medical Foundation Inc (EIN: 10366975) is a nonprofit organization based in Jay, ME, classified under NTEE code B82. The organization reported total revenue of $37K and total assets of $247K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri Town Medical Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Tri Town Medical Foundation Inc. appears to be a small, community-focused organization with a consistent asset base over the past decade, hovering around $230,000-$260,000. Their latest reported assets are $247,362. The organization consistently reports minimal liabilities, typically $1, indicating a very healthy balance sheet with virtually no debt. This financial stability is a positive sign for long-term viability.

However, the foundation has consistently spent more than it has brought in through revenue in most recent years. For example, in 2023, revenue was $4,597 while expenses were $17,874, and in 2022, revenue was $7,232 against expenses of $9,355. This trend of deficit spending, while not immediately critical due to their asset base, suggests that the organization is drawing down its reserves or relying on prior year surpluses. The lack of reported officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which can be a sign of efficiency.

Given the available data, it's challenging to fully assess spending efficiency without a detailed breakdown of program vs. administrative vs. fundraising expenses. The consistent reporting of zero officer compensation is a strong indicator of transparency regarding executive pay. The organization's small scale and consistent asset base suggest a stable, albeit not rapidly growing, entity. Further detail on how expenses are categorized would enhance the transparency assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Tri Town Medical Foundation Inc with a Mission Score of 70 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Tri Town Medical Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, suggesting a volunteer-driven model or highly efficient administrative structure for a small organization.

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 Tri Town Medical Foundation Inc's IRS 990 filings:

Consistent deficit spending (expenses exceeding revenue) in most recent years, e.g., $4,597 revenue vs. $17,874 expenses in 2023.
Lack of detailed expense breakdown in provided data makes it difficult to assess program efficiency.

Strengths

The following positive indicators were identified for Tri Town Medical Foundation Inc:

Very low liabilities (typically $1), indicating strong financial health and minimal debt.
Consistent asset base over the past decade (around $230,000-$260,000), suggesting financial stability.
0% officer compensation reported across all filings, indicating a volunteer-led or highly efficient administrative structure.

Frequently Asked Questions about Tri Town Medical Foundation Inc

How does Tri Town Medical Foundation Inc. sustain its operations given consistent deficit spending?

The organization appears to sustain operations by drawing down its existing asset base, which has remained relatively stable over the past decade (e.g., $265,814 in 2021 vs. $247,362 currently), or by relying on prior year surpluses, as revenue has frequently been less than expenses (e.g., $4,597 revenue vs. $17,874 expenses in 2023).

What are the specific program activities funded by Tri Town Medical Foundation Inc.?

The provided IRS 990 data does not detail specific program activities. Further investigation into their public mission statement or annual reports would be necessary to understand their programs.

What is the long-term strategy for revenue generation to cover expenses?

The filings do not provide insight into the organization's long-term revenue generation strategy. The consistent pattern of expenses exceeding revenue suggests a need for a more robust fundraising or endowment spending policy to ensure sustainability without depleting assets.

Filing History

IRS 990 filing history for Tri Town Medical Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Tri Town Medical Foundation Inc's revenue has declined by 28.6%, moving from $6K to $5K. Total assets increased by 7.1% over the same period, from $234K to $250K. Total functional expenses rose by 38.3%, from $13K to $18K. In its most recent filing year (2023), Tri Town Medical Foundation Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $250K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $250K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5K	$18K	$250K	$1	—	View 990
2022	$7K	$9K	$264K	$1	—	View 990
2021	$14K	$15K	$266K	$1	—	View 990
2020	$12K	$17K	$267K	$1	—	View 990
2016	$4K	$17K	$233K	$1	—	View 990
2015	$35K	$16K	$246K	$1	—	View 990
2014	$8K	$14K	$227K	$1	—	View 990
2013	$17K	$11K	$233K	$0	—	View 990
2012	$4K	$11K	$227K	$0	—	View 990
2011	$6K	$13K	$234K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5K, expenses of $18K, and assets of $250K (revenue -36.4% year-over-year).
2022: Revenue of $7K, expenses of $9K, and assets of $264K (revenue -46.8% year-over-year).
2021: Revenue of $14K, expenses of $15K, and assets of $266K (revenue +13.2% year-over-year).
2020: Revenue of $12K, expenses of $17K, and assets of $267K (revenue +214.2% year-over-year).
2016: Revenue of $4K, expenses of $17K, and assets of $233K (revenue -89.0% year-over-year).
2015: Revenue of $35K, expenses of $16K, and assets of $246K (revenue +342.7% year-over-year).
2014: Revenue of $8K, expenses of $14K, and assets of $227K (revenue -54.5% year-over-year).
2013: Revenue of $17K, expenses of $11K, and assets of $233K (revenue +300.4% year-over-year).
2012: Revenue of $4K, expenses of $11K, and assets of $227K (revenue -33.0% year-over-year).
2011: Revenue of $6K, expenses of $13K, and assets of $234K.

Data Sources and Methodology

This transparency report for Tri Town Medical Foundation Inc 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.