Maine Tourism Association (EIN 010165110) - 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

1937

Legal Domicile

Principal Officer

Anthony Cameron

Phone

2076230363

Tax Period

2024-07-01 to 2025-06-30

Maine Tourism Association is a tax-exempt nonprofit with EIN 010165110, based in Hallowell, ME. Founded in 1937, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $4,149,730 in total revenue and $3,890,341 in total expenses, with net assets of $2,879,746.

Mission

Leading the growth and sustainability of Maine's Tourism business.

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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 (2024)

Revenue Breakdown

Contributions & Grants $880,919

Program Service Revenue $3,141,283

Investment Income $78,887

Other Revenue $48,641

TOTAL REVENUE $4,149,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,074,209

Fundraising Expenses $0

Other Expenses $1,816,132

TOTAL EXPENSES $3,890,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,149,730	$3,410,724	+0.2%
Expenses	$3,890,341	$3,237,387	+0.2%
Net Income	$259,389	$173,337	+0.5%

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

$139,488

Total Directors

$139,488

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erick Anderson	Director	1.00	Director	$0	$0	$0
Curt Dale Clark	Director	1.00	Director	$0	$0	$0
Dirk Gouwens	Director	1.00	Director	$0	$0	$0
Tina Hewitt Gordon	Director	1.00	Director	$0	$0	$0
LeRae Kinney	Director	1.00	Director	$0	$0	$0
Don Kleiner	Director	1.00	Director	$0	$0	$0
Bob Meyers	Honorary Member	1.00	Director	$0	$0	$0
Troy Munford	Director	1.00	Director	$0	$0	$0
Lynn Tillotson	Director	1.00	Director	$0	$0	$0
Brian Bickford	First Vice Chair	1.00	Officer Director	$0	$0	$0
Steve Dobson	Gov't Affairs Comm. Chair	1.00	Officer Director	$0	$0	$0
Kathy Dyer	Secretary	1.00	Officer Director	$0	$0	$0
Brian Langley	Chair	1.00	Officer Director	$0	$0	$0
Rick Martin	Personnel Committee Chair	1.00	Officer Director	$0	$0	$0
Scott Riccio	Treasurer	1.00	Officer Director	$0	$0	$0
Rick Snow	Membership Committee Chair	1.00	Officer Director	$0	$0	$0
Lee P Speronis	Past Chair	1.00	Officer Director	$0	$0	$0
Anthony Cameron	CEO	55.00	Officer Director	$132,776	$6,712	$139,488

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	$4,149,730	$3,890,341	$3,910,342	$259,389
2024	$3,410,724	$3,237,387	$3,180,698	$173,337
2023	$3,087,097	$2,828,933	$2,924,153	$258,164
2022	$2,806,092	$2,723,589	$2,552,212	$82,503
2021	$2,872,904	$2,399,609	$2,459,212	$473,295
2020	$2,600,389	$2,711,907	$1,930,760	$-111,518
2019	$2,690,239	$2,790,852	$1,839,784	$-100,613
2018	$2,413,567	$2,457,853	$2,042,353	$-44,286

Maine Tourism Association