UNIVERSITY OF MAINE PULP & PAPER FOUNDATION (EIN 010237721) - 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

1950

Legal Domicile

Principal Officer

CARRIE ENOS

Phone

2075812298

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY OF MAINE PULP & PAPER FOUNDATION is a 501(c)(3) with EIN 010237721, based in ORONO, ME. Founded in 1950, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $2,133,708 in total revenue and $1,823,437 in total expenses, with net assets of $33,599,298.

Mission

FURTHER THE STUDY OF PULP & PAPER AND RELATED SUBJECTS AT THE UNIVERSITY OF MAINE AND ENCOURAGE STUDENTS TO CONSIDER PAPER RELATED TECHNICAL CAREERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $520,680

Program Service Revenue $0

Investment Income $1,613,028

Other Revenue $0

TOTAL REVENUE $2,133,708

Expense Breakdown

Grants Paid $1,008,044

Salaries & Benefits $490,031

Fundraising Expenses $80,850

Program Expenses $1,195,340

Other Expenses $325,362

TOTAL EXPENSES $1,823,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,133,708	$2,748,578	-0.2%
Expenses	$1,823,437	$1,661,197	+0.1%
Net Income	$310,271	$1,087,381	-0.7%

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

Volunteers

110

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

$297,251

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH A CORMIER	BOARD CHAIRPERSON	0.30	Officer Director	$0	$0	$0
MARK W KOWLZAN	EXECUTIVE COM CHAIR	0.30	Officer Director	$0	$0	$0
TRACY HILL SMITH	TREASURER	0.50	Officer Director	$0	$0	$0
DEECE HANNIGAN	SECRETARY	0.10	Officer Director	$0	$0	$0
MARK STUART CROSS	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
BARBARA KERR HAMILTON	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
RAY HEUCHLING	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
KENZIE KARPINSKI	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
MARCO L'ITALIEN	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
BRIAN C LAMBERT	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
CRAIG S MARTIN	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
ADRIENNE S THIBODEAU-NADEAU	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JUSTIN PELLETIER	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JOHN T WOLANSKI	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID M COLTER	EX-OFFICIO	0.10	Officer Director	$0	$0	$0
PAUL BORTOLAN	DIRECTOR	0.10	Director	$0	$0	$0
MONIQUE CLAVERIE	DIRECTOR	0.10	Director	$0	$0	$0
DANA C COOK	DIRECTOR	0.10	Director	$0	$0	$0
HEATHER DUBOIS	DIRECTOR	0.10	Director	$0	$0	$0
LOIS FORDE-KOHLER	DIRECTOR	0.10	Director	$0	$0	$0
RICKY A FORTIER	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTOPHER R FRANCIS	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT B HARVEY	DIRECTOR	0.10	Director	$0	$0	$0
KELLY L HELEIN	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT G LEBEAU	DIRECTOR	0.10	Director	$0	$0	$0
KEN LIU	DIRECTOR	0.10	Director	$0	$0	$0
CHAD A MARTIN	DIRECTOR	0.10	Director	$0	$0	$0
ANDREA MCGUIRE	DIRECTOR	0.10	Director	$0	$0	$0
KEITH A MEYER	DIRECTOR	0.10	Director	$0	$0	$0
LAURENCE MOTT	DIRECTOR	0.10	Director	$0	$0	$0
MARTIN J RICHARD	DIRECTOR	0.10	Director	$0	$0	$0
MIKE RUHLE	DIRECTOR	0.10	Director	$0	$0	$0
DAVID SHELMIDINE	DIRECTOR	0.10	Director	$0	$0	$0
BALAZS TOLNAI	DIRECTOR	0.10	Director	$0	$0	$0
LORI L TUTTLE	DIRECTOR	0.10	Director	$0	$0	$0
STEWART VAN HORN	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT VARNEY	DIRECTOR	0.10	Director	$0	$0	$0
JULIE WHITE	DIRECTOR	0.10	Director	$0	$0	$0
CARRIE HURD ENOS	PRESIDENT	40.00	Officer	$246,173	$51,078	$297,251
JENNIFER IRELAND	PROGRAM MANAGER	40.00	Highest	$141,781	$11,500	$153,281

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	$2,133,708	$1,823,437	$33,599,298	$310,271
2023	$2,748,578	$1,661,197	$32,128,257	$1,087,381
2022	$1,744,030	$1,665,874	$28,669,088	$78,156
2021	$5,221,820	$1,604,574	$35,062,221	$3,617,246
2020	$1,541,694	$1,445,041	$31,514,138	$96,653
2019	$3,346,946	$1,439,162	$28,082,366	$1,907,784
2018	$1,838,933	$1,294,483	$23,045,170	$544,450

UNIVERSITY OF MAINE PULP & PAPER FOUNDATION