RETAIL ASSOCIATION OF MAINE F/K/A MAINE MERCHANTS ASSOCIATION

EIN: 010165117

AUGUSTA, ME

Total Revenue
$663,146
Total Expenses
$616,206
Total Assets
$524,452
Net Assets
$496,139
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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
1933
Legal Domicile
ME
Principal Officer
CURTIS PICARD
Phone
2076231149
Tax Period
2023-01-01 to 2023-12-31

RETAIL ASSOCIATION OF MAINE F/K/A MAINE MERCHANTS ASSOCIATION, founded in 1933, is a small nonprofit that reported $663K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $616K left a modest 7% surplus.

Mission

THE RETAIL ASSOCIATION OF MAINE IS THE LEADING ADVOCATE FOR SUCCESSFUL RETAIL BUSINESSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $201,881
Program Service Revenue $75,264
Investment Income $18,514
Other Revenue $367,487
TOTAL REVENUE $663,146

Expense Breakdown

Grants Paid $0
Salaries & Benefits $483,964
Fundraising Expenses $0
Other Expenses $132,242
TOTAL EXPENSES $616,206

Year-over-Year Comparison

2023 2022 Change
Revenue $663,146 $390,125 +0.7%
Expenses $616,206 $549,623 +0.1%
Net Income $46,940 $-159,498 -1.3%
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

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Governance

Voting Members
17
Independent Members
17
Employees
5
Volunteers
17

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
8
$135,556
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CURTIS PICARD PRESIDENT & 40.00
Officer
$127,913 $7,643 $135,556
AMELIA ARNOLD AT-LARGE EXE 1.00
Officer Director
$0 $0 $0
PETER BOLTON BOARD MEMBER 1.00
Director
$0 $0 $0
ROGER DIFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINA FISHER BOARD MEMBER 1.00
Director
$0 $0 $0
ELLYNE FLESHNER BOARD MEMBER 1.00
Director
$0 $0 $0
KOSSI GAMEDAH BOARD MEMBER 1.00
Director
$0 $0 $0
FOX KEIM BOARD MEMBER 1.00
Director
$0 $0 $0
KEN KEIRAN SECRETARY 1.00
Officer Director
$0 $0 $0
JUDY KNAPP CHAIR 1.00
Officer Director
$0 $0 $0
TOM LARGAY AT-LARGE EXE 1.00
Officer Director
$0 $0 $0
TOPHER MALLORY BOARD MEMBER 1.00
Director
$0 $0 $0
HEIDI NEAL VICE CHAIR 1.00
Officer Director
$0 $0 $0
DENEVAN O'CONNELL BOARD MEMBER 1.00
Director
$0 $0 $0
ROGER POMERLEAU TREASURER 1.00
Officer Director
$0 $0 $0
ADAM RENY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID VANDERWOUDE BOARD MEMBER 1.00
Director
$0 $0 $0
TINA WILCOXSON AT-LARGE EXE 1.00
Officer 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
2024 No data No data No data No data
2023 $663,146 $616,206 $524,452 $46,940
2022 $390,125 $549,623 $466,074 $-159,498
2021 $534,767 $464,180 $616,381 $70,587
2020 $363,081 $383,150 $596,734 $-20,069
2019 $353,481 $369,367 $607,801 $-15,886
2018 $390,999 $361,288 $627,278 $29,711
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