MAINE AUTOMOBILE DEALERS ASSOCIATION INC

EIN: 010191203

AUGUSTA, ME

Total Revenue
$1,408,246
Total Expenses
$1,219,462
Total Assets
$2,826,356
Net Assets
$2,791,599
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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
1944
Legal Domicile
ME
Principal Officer
THOMAS T BROWN JR
Phone
2076233882
Tax Period
2023-09-01 to 2024-08-31

MAINE AUTOMOBILE DEALERS ASSOCIATION INC, founded in 1944, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 13% surplus.

Mission

TO PROVIDE PROGRAMS AND SERVICES THAT ARE BENEFICIAL TO THE COLLECTIVE MEMBERSHIP SUCH AS TRADE CONVENTIONS, EDUCATIONAL MEETINGS, AND SEMINARS.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES PROGRAMS AND SERVICES THAT ARE BENEFICIAL TO THE COLLECTIVE MEMBERSHIP SUCH AS TRADE CONVENTIONS, EDUCATIONAL MEETINGS, AND SEMINARS.

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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 $445,748
Program Service Revenue $156,725
Investment Income $282,762
Other Revenue $523,011
TOTAL REVENUE $1,408,246

Expense Breakdown

Grants Paid $12,550
Salaries & Benefits $501,685
Fundraising Expenses $0
Other Expenses $705,227
TOTAL EXPENSES $1,219,462

Year-over-Year Comparison

2023 2022 Change
Revenue $1,408,246 $1,140,124 +0.2%
Expenses $1,219,462 $1,094,399 +0.1%
Net Income $188,784 $45,725 +3.1%
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
10
Independent Members
10
Employees
4
Volunteers
10

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
3
$220,198
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER L GAUNCE CHAIR 2.00
Officer Director
$0 $0 $0
SAMUEL J HIGHT VICE CHAIR 2.00
Officer Director
$0 $0 $0
STACY E CHANDLER DIRECTOR 2.00
Director
$0 $0 $0
JAY DARLING DIRECTOR 2.00
Director
$0 $0 $0
JOHN L EMERSON DIRECTOR 2.00
Director
$0 $0 $0
JOHN J QUIRK DIRECTOR 2.00
Director
$0 $0 $0
NEAL C SHEPARD DIRECTOR 2.00
Director
$0 $0 $0
PETER SOWLES DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM G WALDRON JR DIRECTOR 2.00
Director
$0 $0 $0
JAMIE YORK DIRECTOR 2.00
Director
$0 $0 $0
THOMAS T BROWN JR PRESIDENT 40.00
Officer
$209,700 $10,498 $220,198
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 $1,408,246 $1,219,462 $2,826,356 $188,784
2023 $1,140,124 $1,094,399 $2,508,982 $45,725
2022 $1,081,224 $969,066 $2,325,139 $112,158
2021 $1,012,938 $819,455 $2,517,926 $193,483
2019 $1,196,890 $1,206,608 $1,877,219 $-9,718
2018 $1,186,648 $1,172,395 $1,839,581 $14,253
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