MID-MAINE CHAMBER OF COMMERCE (EIN 010178800) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1912

Legal Domicile

Principal Officer

KIMBERLY LINDLOF

Phone

2078733315

Tax Period

2024-01-01 to 2024-12-31

MID-MAINE CHAMBER OF COMMERCE, founded in 1912, is a small nonprofit that reported $679K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

CHAMBER OF COMMERCE WITH PROGRAM SERVICES THAT CONSIST OF VARIOUS ACTIVITIES DESIGNED TO PROMOTE THE MID-MAINE AREA, THEREBY INCREASING THE POTENTIAL MARKET FOR AREA BUSINESSES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $340,747

Program Service Revenue $220,412

Investment Income $39,795

Other Revenue $78,508

TOTAL REVENUE $679,462

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $461,655

Fundraising Expenses $0

Program Expenses $388,750

Other Expenses $280,786

TOTAL EXPENSES $745,441

Year-over-Year Comparison

	2024	2023	Change
Revenue	$679,462	$1,325,040	-0.5%
Expenses	$745,441	$1,194,993	-0.4%
Net Income	$-65,979	$130,047	-1.5%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

115

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

$172,844

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE JOLER-LABBE	CHAIR	2.00	Officer Director	$0	$0	$0
SHAWN MICHAUD	1ST VICE CHA	2.00	Officer Director	$0	$0	$0
GARY POULIN	2ND VICE CHA	2.00	Officer Director	$0	$0	$0
BRUCE HARRINGTON	TREASURER	2.00	Officer Director	$0	$0	$0
GARY LEVESQUE	DIRECTOR AT	1.00	Officer Director	$0	$0	$0
JOY MCKENNA	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DAN WILDES	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA WENTWORTH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN WALSH	DIRECTOR	1.00	Director	$0	$0	$0
MARK BRADFORD	DIRECTOR	1.00	Director	$0	$0	$0
LARISSA LARRABEE	DIRECTOR	1.00	Director	$0	$0	$0
LINANNE GAUNCE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN NORMANDIN	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA GORMLEY	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY WOODWARD	DIRECTOR	1.00	Director	$0	$0	$0
TOM SHUPE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIAN SUTTIE	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE PLOURDE	DIRECTOR	1.00	Director	$0	$0	$0
TONYA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN SAMALUS-GETCHELL	DIRECTOR	1.00	Director	$0	$0	$0
GARVAN DONEGAN	EX-OFFICIO	1.00	Director	$0	$0	$0
KIMBERLY LINDLOF	PRESIDENT AN	40.00	Officer	$156,732	$16,112	$172,844

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	$679,462	$745,441	$1,182,481	$-65,979
2023	$1,325,040	$1,194,993	$1,097,888	$130,047
2022	$1,207,905	$1,149,775	$965,635	$58,130
2021	$783,807	$756,504	$958,139	$27,303
2020	$634,812	$617,346	$912,876	$17,466
2019	$675,808	$640,843	$826,166	$34,965
2018	$677,560	$617,827	$756,439	$59,733

MID-MAINE CHAMBER OF COMMERCE