Maine Central Institute (EIN 010212438) - 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

1866

Legal Domicile

Principal Officer

David Pearson

Phone

2074874454

Tax Period

2022-07-01 to 2023-06-30

Maine Central Institute is a 501(c)(3) with EIN 010212438, based in Pittsfield, ME. Founded in 1866, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $14,107,482 in total revenue and $11,080,993 in total expenses, with net assets of $22,450,343.

Mission

Secondary school education.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,864,210

Program Service Revenue $9,228,801

Investment Income $14,471

Other Revenue $0

TOTAL REVENUE $14,107,482

Expense Breakdown

Grants Paid $2,241,323

Salaries & Benefits $5,299,754

Fundraising Expenses $245,388

Program Expenses $6,721,015

Other Expenses $3,539,916

TOTAL EXPENSES $11,080,993

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,107,482	$11,684,764	+0.2%
Expenses	$11,080,993	$10,054,000	+0.1%
Net Income	$3,026,489	$1,630,764	+0.9%

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

157

Volunteers

100

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

$311,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Dow	Board President	5.00	Officer Director	$0	$0	$0
Kyle Holmstrom	Treasurer	1.00	Officer Director	$0	$0	$0
Timothy Archibald	Trustee	1.00	Director	$0	$0	$0
Robert Bryant	Trustee	1.00	Director	$0	$0	$0
Allen Dyer	Trustee	1.00	Director	$0	$0	$0
Jethro Ferguson	Trustee	1.00	Director	$0	$0	$0
Lewis Fitts III	Trustee	1.00	Director	$0	$0	$0
Natalia Hall	Trustee	1.00	Director	$0	$0	$0
Mitchell Hallee	Trustee	1.00	Director	$0	$0	$0
Kristy Hapworth	Trustee	1.00	Director	$0	$0	$0
Frank Haseltine	Trustee	1.00	Director	$0	$0	$0
Gregg Newhouse	Trustee	1.00	Director	$0	$0	$0
Peg Olson	Trustee	1.00	Director	$0	$0	$0
Charmaine Patel	Trustee	1.00	Director	$0	$0	$0
Paul Pietranico	Trustee	1.00	Director	$0	$0	$0
Debra Pronovost	Trustee	1.00	Director	$0	$0	$0
Aaron Rosen	Trustee	1.00	Director	$0	$0	$0
Deborah Rozeboom	Trustee	1.00	Director	$0	$0	$0
Matthew Stein	Trustee	1.00	Director	$0	$0	$0
Tina Tang	Trustee	1.00	Director	$0	$0	$0
Dan Tilton	Trustee	1.00	Director	$0	$0	$0
Eric Thompson	Trustee	1.00	Director	$0	$0	$0
Erik Updyke	Trustee	1.00	Director	$0	$0	$0
Craig Weaver	Trustee	1.00	Director	$0	$0	$0
Joo Ohk Yi	Trustee	1.00	Director	$0	$0	$0
Norbert Young	Trustee/Past President	5.00	Officer Director	$0	$0	$0
Tania Carnrick	Past Vice President	1.00	Officer Director	$0	$0	$0
Jason Cummings	Past Trustee	1.00	Director	$0	$0	$0
Daniel Welch	Chief Financial Officer	40.00	Officer	$93,049	$10,461	$103,510
Winn Price	Past Head of School	40.00	Officer	$85,000	$0	$85,000
David Pearson	Head of School	40.00	Officer	$91,000	$31,965	$122,965

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	$14,107,482	$11,080,993	$27,313,644	$3,026,489
2022	$11,684,764	$10,054,000	$28,801,582	$1,630,764
2021	$10,693,279	$9,794,275	$27,592,245	$899,004
2020	$8,938,297	$9,298,819	$25,292,037	$-360,522
2019	$9,398,686	$9,815,393	$24,965,716	$-416,707
2018	$10,144,135	$10,476,692	$25,909,953	$-332,557

Maine Central Institute