NORTHERN MAINE FAIR ASSOCIATION

🔒

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

Principal Officer

KENT FORBES

Tax Period

2024-11-01 to 2025-10-31

NORTHERN MAINE FAIR ASSOCIATION is a small nonprofit in the Recreation & Sports sector that reported $369K in total revenue in fiscal year 2024. Expenses of $317K left a modest 14% surplus.

Mission

THE MISSION OF THE NORTHERN MAINE AGRICULTURAL FAIR IS TO SUPPORT AGRICULTURAL EDUCATION AND ENTERTAINMENT IN THE COMMUNITY OF NORTHERN MAINE BY MEANS OF EXHIBITS, PROGRAMS AND ACTIVITIES. THE FAIR FOSTERS LINKS AMONG BUSINESSES, ORGANIZATIONS AND PEOPLE OF THE NORTHERN MAINE COMMUNITY TO IMPROVE THE APPRECIATION OF OUR RURAL EXPERIENCE AND ENVIRONMENT. THIS PROMOTES A BETTER UNDERSTANDING OF THE EXTRAORDINARY AND DIVERSE HISTORY, CULTURE AND FUTURE OF NORTHERN MAINE.

Program Service Accomplishments

Program 1

Expenses: $303,623 Revenue: $212,917

TO EDUCATE PUBLIC AND PARTICIPANTS. PROMOTE AGRICULTURE, HORTICULTURE, HOUSEHOLD AND MECHANICAL ARTS. TO PROMOTE AND DEVELOP BETTER PRODUCTS THROUGH PRIZES, EXHIBITIONS AND MERITORIOUS PRODUCTIONS...

TO EDUCATE PUBLIC AND PARTICIPANTS. PROMOTE AGRICULTURE, HORTICULTURE, HOUSEHOLD AND MECHANICAL ARTS. TO PROMOTE AND DEVELOP BETTER PRODUCTS THROUGH PRIZES, EXHIBITIONS AND MERITORIOUS PRODUCTIONS AND OTHER ACTIVITIES TO DRAW THE PUBLIC TO THE FAIR.

🔒

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 $102,878

Program Service Revenue $212,917

Investment Income $842

Other Revenue $52,625

TOTAL REVENUE $369,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,171

Fundraising Expenses $0

Program Expenses $303,623

Other Expenses $280,154

TOTAL EXPENSES $317,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,262	$374,125	0.0%
Expenses	$317,325	$290,597	+0.1%
Net Income	$51,937	$83,528	-0.4%

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

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL BELL	TRUSTEE	1.00	Director	$0	$0	$0
MATT BELL	TRUSTEE	1.00	Director	$0	$0	$0
ISAAC BRALEY	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN BUGBEE	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
BILL BUSSE	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA CARNEY	TRUSTEE	1.00	Director	$0	$0	$0
LARRY CLARK	TRUSTEE	1.00	Director	$0	$0	$0
AJ CLOUKEY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
MITCH DUFOUR	TRUSTEE	1.00	Director	$0	$0	$0
JAMES ESTEY	TRUSTEE	1.00	Director	$0	$0	$0
KENT FORBES	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM GAGNON	TRUSTEE	1.00	Director	$0	$0	$0
TODD GRASS	TRUSTEE	1.00	Director	$0	$0	$0
RICK GUERRETTE	TRUSTEE	1.00	Director	$0	$0	$0
ALAN HARDING	TRUSTEE/CLER	1.00	Director	$0	$0	$0
LLORI KEIRSTEAD	TRUSTEE	1.00	Director	$0	$0	$0
RAY LAMOREAU	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW LEBLANC	TRUSTEE	1.00	Director	$0	$0	$0
RODNEY MAHAN	TRUSTEE	1.00	Director	$0	$0	$0
RANDY MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
KATHY MAYNARD	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN MCCARTNEY	TRUSTEE	1.00	Director	$0	$0	$0
MARK MCKENNA	TRUSTEE	1.00	Director	$0	$0	$0
MATT MCKENNA	TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL MCLAUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES NELSON	TRUSTEE	1.00	Director	$0	$0	$0
TIM RING	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SAWYER	TRUSTEE	1.00	Director	$0	$0	$0
ROGER SHAW	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON SMITH	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
STEVEN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
NANCY THERIAULT	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN THORTENSON	TRUSTEE	1.00	Director	$0	$0	$0
DICK TOMPKINS	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE WINSLOW	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA WINSLOW	TRUSTEE	1.00	Director	$0	$0	$0
LYNWOOD WINSLOW	TRUSTEE	1.00	Director	$0	$0	$0
KELLIE PEERS	TREASURER/SE	1.00	Officer	$0	$0	$0
VICKI SMITH	TREASURER/SE	1.00	Officer	$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
2025	$369,262	$317,325	$617,544	$51,937
2024	$374,125	$290,597	$639,812	$83,528
2023	$240,880	$271,677	$360,576	$-30,797
2022	$382,942	$257,695	$404,750	$125,247
2021	$235,275	$176,122	$432,511	$59,153
2020	$90,283	$63,188	$409,902	$27,095
2019	$547,527	$540,754	$449,824	$6,773
2018	$616,075	$625,885	$402,993	$-9,810