MAINE AFL-CIO

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

CYNTHIA PHINNEY

Phone

2076229675

Tax Period

2023-01-01 to 2023-12-31

MAINE AFL-CIO, founded in 1956, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AND ENSURE WORKERS RIGHTS.

Program Service Accomplishments

Program 1

Expenses: $1,604,044

THE ORGANIZATION WORKS TO PROMOTE, ENSURE, AND IMPROVE WORKERS' RIGHTS IN THE WORKPLACE BY SUPPORTING WORKERS SEEKING TO ORGANIZE, SUPPORTING UNIONS IN CONTRACT NEGOTIATIONS, EDUCATING UNION MEMBERS AND WORKING CLASS PEOPLE ON LABOR ISSUES AND ADVOCATING FOR PRO-WORKER POLICIES AT ALL LEVELS OF GOVERNMENT.

Program 2

Expenses: $95,840

THE ORGANIZATION SUPPORTS WORKERS TO IMPROVE WORKING CONDITIONS AND TO STRENGTHEN THEIR ECONOMIC SECURITY. WE SUPPORT AFFILIATES IN THEIR CONTRACT, ISSUE AND LEGISLATIVE CAMPAIGNS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,597,426

Program Service Revenue $0

Investment Income $6

Other Revenue $19,824

TOTAL REVENUE $1,617,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $768,741

Fundraising Expenses $0

Program Expenses $1,699,884

Other Expenses $947,578

TOTAL EXPENSES $1,716,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,617,256	$985,041	+0.6%
Expenses	$1,716,319	$977,943	+0.8%
Net Income	$-99,063	$7,098	-15.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$32,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SHANE	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA PHINNEY	PRESIDENT	40.00	Officer	$32,906	$0	$32,906
JACK MCKAY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
SERINA DEWOLFE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
RON GREEN	DIRECTOR	1.00	Director	$0	$0	$0
CORALIE GILES	DIRECTOR	1.00	Director	$0	$0	$0
DOUG BORN	SECRETARY/TR	1.00	Officer	$0	$0	$0
TIM BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
DORIS POLAND	DIRECTOR	1.00	Director	$0	$0	$0
JASON SHEDLOCK	DIRECTOR	1.00	Director	$0	$0	$0
GRANT PROVOST	VICE PRESIDE	1.00	Officer	$0	$0	$0
CAROL SANBORN	DIRECTOR	1.00	Director	$0	$0	$0
MARK EUSTIS	DIRECTOR	1.00	Director	$0	$0	$0
JIM VANCE	DIRECTOR	1.00	Director	$0	$0	$0
TODD RICKER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA DEANE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CROUSE	DIRECTOR	1.00	Director	$0	$0	$0
TRACZIE BELLINGER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BURR	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA BOSTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PERRY IV	DIRECTOR	1.00	Director	$0	$0	$0
JANE GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS HALL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEAVITT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN READY	DIRECTOR	1.00	Director	$0	$0	$0
JAY WADLEIGH	DIRECTOR	1.00	Director	$0	$0	$0
TOM MCCORD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HODGDON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NUTTAL	DIRECTOR	1.00	Director	$0	$0	$0
DAVE COLFER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY WORKS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK WYNNE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HEBERT	DIRECTOR	1.00	Director	$0	$0	$0
SALLY NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS ROGAN	DIRECTOR	1.00	Director	$0	$0	$0
ALEC MAYBARDUK	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,617,256	$1,716,319	$269,517	$-99,063
2022	$985,041	$977,943	$361,272	$7,098
2021	$791,731	$704,987	$352,531	$86,744
2020	$760,047	$663,404	$275,451	$96,643
2019	$577,161	$602,493	$174,477	$-25,332
2018	$618,985	$623,204	$200,147	$-4,219