Martins Point Generations Advantage Inc
96% goes to programs Growing revenue
Martins Point Generations Advantage Inc is a 501(c)(4) organization based in Portland, Maine, registered in 2016, with $745,845,935 in FY2024 revenue. CharityIndex grades it B+, and it directs about 96% of spending to programs.
331 Veranda St, Portland, ME, 04103 EIN 47-4682941 Since 2016
Revenue (FY2024)
$745.8M
▲ 13.3% vs prior year
Health median: $840K
Expenses (FY2024)
$805.6M
Net assets
$95.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating96% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Martins Point Generations Advantage Inc: 96% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Martins Point Generations Advantage Inc: 1 mo reserves · -8% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Martins Point Generations Advantage Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Martins Point Generations Advantage Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To deliver the care every person deserves.
Contact & location
- Address
- 331 Veranda St, Portland, ME, 04103
- City
- Portland
- State
- Maine
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $10 (FY2015) to $745.8M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $126.7MNet assets $95.1M
Operating margin
-8.0%
Spent more than it raised in the latest fiscal year.
Total assets
$221.8M
Total liabilities
$126.7M
Net assets
$95.1M
Salaries & benefits
$5.0M
1% of expenses
Board members
10
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $745,845,935▲13.3% | $805,624,438▲14.0% | $95,095,351▼1.0% | $221,809,177▲15.8% | 990 |
| 2023 | $658,574,306▼0.1% | $706,963,183▲3.3% | $96,089,185▼5.5% | $191,490,463▼10.1% | 990 |
| 2022 | $658,917,701▲15.9% | $684,542,780▲16.1% | $101,653,318▼2.0% | $212,933,913▲11.2% | 990 |
| 2021 | $568,602,384▲9.3% | $589,753,542▲21.8% | $103,699,705▼20.0% | $191,522,847▼8.0% | 990 |
| 2020 | $520,009,479▲13.6% | $484,077,399▲6.7% | $129,636,358▲45.5% | $208,145,867▲46.6% | 990 |
| 2019 | $457,918,472▲13.9% | $453,841,785▲17.4% | $89,107,775▲11.8% | $142,005,776▲6.6% | 990 |
| 2018 | $402,077,788▲2.6% | $386,531,753▲1.6% | $79,672,930▲19.6% | $133,265,342▲22.3% | 990 |
| 2017 | $391,788,885▲18.7% | $380,429,581▲10.9% | $66,637,016▲27.7% | $108,938,535▲12.1% | 990 |
| 2016 | $330,017,966▲3300179560% | $343,160,283 | $52,184,682▲755% | $97,185,018▲1493% | 990 |
| 2015 | $10 | $0 | $6,100,010 | $6,100,010 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Amanda Jackson | Chief Financial Officer | 9 | — |
| Barbara E Trethaway Jd | Board Member | 0.5 | — |
| Bradford A Hunter | Treasurer (end 9/2024)/vice Chair | 0.5 | — |
| Cathleen Morrow Md | Board Member | 0.5 | — |
| David E Currier | Secretary | 0.5 | — |
| David H Howes Md | Former President & Ceo | 0 | — |
| Edward S Mckersie | Chair (end 9/2024)/treasurer | 0.5 | — |
| George J Isham Md Ms | Board Member | 0.5 | — |
| John Fitzsimmons | Board Member | 0.5 | — |
| Kathryn Rand | Vice Chair (end 9/2024)/chair | 0.5 | — |
| Paul F Kasuba Md | President & Ceo | 9 | — |
| Steve Decastro | Board Member | 0.5 | — |
| Umesh Kurpad | Board Member (start 9/2024) | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mainehealth | Medical Services | $173,862,098 |
| Eastern Maine Medical Center | Medical Services | $36,560,959 |
| Central Maine Medical Center | Medical Services | $28,362,646 |
| Mainegeneral Medical Center | Medical Services | $27,057,521 |
| Mercy Hospital | Medical Services | $21,758,902 |
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Compare Martins Point Generations Advantage Inc
Frequently asked questions
- Is Martins Point Generations Advantage Inc a legitimate nonprofit?
- Yes. Martins Point Generations Advantage Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 47-4682941, based in Portland, Maine. Donations are tax-deductible.
- What is Martins Point Generations Advantage Inc's EIN?
- Martins Point Generations Advantage Inc's Employer Identification Number (EIN) is 47-4682941.
- How much revenue does Martins Point Generations Advantage Inc report?
- Martins Point Generations Advantage Inc reported $745,845,935 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Martins Point Generations Advantage Inc's spending goes to programs?
- Martins Point Generations Advantage Inc spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Martins Point Generations Advantage Inc have?
- CharityIndex grades Martins Point Generations Advantage Inc B+, based on program efficiency and fundraising cost.
- How much does Martins Point Generations Advantage Inc's highest-paid employee make?
- The highest reported compensation on Martins Point Generations Advantage Inc's latest Form 990 is $0, paid to Amanda Jackson (Chief Financial Officer).
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Data for Martins Point Generations Advantage Inc (EIN 47-4682941) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.