Maine Bankers Association (EIN 010155360) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1893

Legal Domicile

Principal Officer

James Roche

Phone

2077918400

Tax Period

2023-01-01 to 2023-12-31

Maine Bankers Association, founded in 1893, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2018.

Mission

Maine Bankers Association provides advocacy, education, and resources to safeguard and advance the interests of our members. The Maine Bankers Association has served Maine's banking industry since 1893. The Association offers industry representation in legislative and regulatory matters at the state and federal level. It sponsors educational programs and forums for banks to exchange valuable industry information. The Association also sponsors insurance programs, provides regulatory and compliance assistance and facilitates media relations on behalf of member banks.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,687,005

Investment Income $16,159

Other Revenue $0

TOTAL REVENUE $2,703,164

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $1,799,763

Fundraising Expenses $0

Other Expenses $847,304

TOTAL EXPENSES $2,652,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,703,164	$2,864,046	-0.1%
Expenses	$2,652,067	$2,822,777	-0.1%
Net Income	$51,097	$41,269	+0.2%

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

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

$921,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen deCastro	Chairman	1.00	Officer Director	$0	$0	$0
Lawrence L Barker	Vice Chairman	1.00	Officer Director	$0	$0	$0
Blaine Boudreau	Immediate Past Chairman	1.00	Officer Director	$0	$0	$0
Robert Banaski	Director	1.00	Director	$0	$0	$0
Philip Cohen	Director	1.00	Director	$0	$0	$0
Michael R Currie	Director	1.00	Director	$0	$0	$0
David Cyr	Director	1.00	Director	$0	$0	$0
Anthony DiSotto	Director	1.00	Director	$0	$0	$0
Amelia Dow	Director	1.00	Director	$0	$0	$0
Gregory A Dufour	Director	1.00	Director	$0	$0	$0
William O Hall III	Director	1.00	Director	$0	$0	$0
Jeanne Hulit	Director	1.00	Director	$0	$0	$0
Glenn L Hutchinson	Director	1.00	Director	$0	$0	$0
Neil Kiely	Director	1.00	Director	$0	$0	$0
Brian King	Director	1.00	Director	$0	$0	$0
Tony C McKim	Director	1.00	Director	$0	$0	$0
Robert Montgomery-Rice	Director	1.00	Director	$0	$0	$0
Michael O'Reilly	Director	1.00	Director	$0	$0	$0
Bradford C Paige	Director	1.00	Director	$0	$0	$0
Curt Paterson	Director	1.00	Director	$0	$0	$0
Andrew C Perry	Director	1.00	Director	$0	$0	$0
Jon J Prescott	Director	1.00	Director	$0	$0	$0
Robert C Quentin	Director	1.00	Director	$0	$0	$0
Amanda Rand	Director	1.00	Director	$0	$0	$0
Andrew E Silsby	Director	1.00	Director	$0	$0	$0
Curtis C Simard	Director	1.00	Director	$0	$0	$0
Todd Starbird	Director	1.00	Director	$0	$0	$0
Timothy Thompson	Director	1.00	Director	$0	$0	$0
William Tracy	Director	1.00	Director	$0	$0	$0
Evlyn Tsimis	Director	1.00	Director	$0	$0	$0
Daniel Walsh	Director	1.00	Director	$0	$0	$0
William R Weir Jr	Director	1.00	Director	$0	$0	$0
Lawrence L Wold	Director	1.00	Director	$0	$0	$0
Daniel Thornton	Past Director	1.00	Director	$0	$0	$0
Kimberly Twitchell	Past Director	1.00	Director	$0	$0	$0
William B Williamson	Past Director	1.00	Director	$0	$0	$0
James J Roche	President	36.19	Officer	$432,861	$33,231	$466,092
Marcia M Ferguson	SVP of Insurance	3.80	Officer	$198,320	$39,867	$238,187
Marc P Owen	SVP & Treasurer	20.53	Officer	$196,241	$21,176	$217,417
Josh Steirman	Dir. Of Govt Relations	37.44	Highest	$132,763	$31,665	$164,428
Elissa English	Mgr. Member Services	36.63	Highest	$107,103	$22,153	$129,256

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	$2,703,164	$2,652,067	$2,211,432	$51,097
2022	$2,864,046	$2,822,777	$2,220,280	$41,269
2021	$2,596,139	$2,453,577	$2,137,132	$142,562
2020	$2,386,004	$2,286,787	$2,011,336	$99,217
2019	$2,928,173	$2,862,047	$1,654,972	$66,126
2018	$2,791,474	$2,729,566	$1,312,837	$61,908

Maine Bankers Association