MAINE PRINCIPALS' ASSOCIATION

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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

1992

Legal Domicile

Principal Officer

MIKE BURNHAM HOLLY BLAI

Phone

2076220217

Tax Period

2023-07-01 to 2024-06-30

MAINE PRINCIPALS' ASSOCIATION, founded in 1992, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 11% surplus.

Mission

TO ASSURE A QUALITY EDUCATION FOR ALL STUDENTS, THE MAINE PRINCIPALS' ASSOCIATION WILL PROMOTE THE PRINCIPALSHIP, SUPPORT PRINCIPALS AS EDUCATIONAL LEADERS, AND PROMOTE AND ADMINISTER INTERSCHOLASTIC ACTIVITIES IN GRADES 9-12.

Program Service Accomplishments

Program 1

Expenses: $1,625,658 Revenue: $1,659,701

INTERSCHOLASTIC DIVISION - TO PROMOTE, ORGANIZE, AND REGULATE INTERSCHOLASTIC ACTIVITIES IN THE STATE OF MAINE. THE MPA CURRENTLY SPONSORS INVITATIONAL CHAMPIONSHIP COMPETITION IN 18 DIFFERENT...

INTERSCHOLASTIC DIVISION - TO PROMOTE, ORGANIZE, AND REGULATE INTERSCHOLASTIC ACTIVITIES IN THE STATE OF MAINE. THE MPA CURRENTLY SPONSORS INVITATIONAL CHAMPIONSHIP COMPETITION IN 18 DIFFERENT INTERSCHOLASTIC ACTIVITIES FOR THE YOUNG MEN AND 19 DIFFERENT INTERSCHOLASTIC ACTIVITIES FOR YOUNG WOMEN IN MAINE'S HIGH SCHOOLS. ALL PUBLIC HIGH SCHOOLS AND A NUMBER OF PRIVATE SCHOOLS ARE MPA MEMBERS; THEY CURRENTLY TOTAL 151.

Program 2

Expenses: $514,422 Revenue: $326,014

PROFESSIONAL DIVISION - PROFESSIONAL ORGANIZATION SERVING MORE THAN 800 ELEMENTARY, MIDDLE SCHOOL, AND HIGH SCHOOL PRINCIPALS, TECHNOLOGY CENTER DIRECTORS, AND ASSISTANT PRINCIPALS THROUGHOUT THE...

PROFESSIONAL DIVISION - PROFESSIONAL ORGANIZATION SERVING MORE THAN 800 ELEMENTARY, MIDDLE SCHOOL, AND HIGH SCHOOL PRINCIPALS, TECHNOLOGY CENTER DIRECTORS, AND ASSISTANT PRINCIPALS THROUGHOUT THE STATE OF MAINE. WITH A FOCUS ON ASSURING QUALITY EDUCATION FOR ALL STUDENTS, THE FIRST TWO GOALS IN THE MPA'S MISSION STATEMENT ARE: 1) TO PROMOTE PRINCIPALSHIP; AND 2) TO SUPPORT PRINCIPALS AS EDUCATIONAL LEADERS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $620,953

Program Service Revenue $1,974,715

Investment Income $27,353

Other Revenue $106,759

TOTAL REVENUE $2,729,780

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $684,049

Fundraising Expenses $0

Program Expenses $2,140,080

Other Expenses $1,736,399

TOTAL EXPENSES $2,427,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,729,780	$2,479,239	+0.1%
Expenses	$2,427,448	$2,317,063	+0.0%
Net Income	$302,332	$162,176	+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

Volunteers

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

$315,033

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM LISCOMB	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE BELL	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
LELAND CARON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JANDREAU	DIRECTOR	1.00	Director	$0	$0	$0
BEN LOTHROP	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MCGEE	DIRECTOR (THRU SPRING 2024)	1.00	Director	$0	$0	$0
DAWN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MARY NADEAU	PAST PRESIDENT	1.00	Director	$0	$0	$0
HOLLY BLAIR	CO-EXECUTIVE DIRECTOR	40.00	Officer	$107,728	$58,078	$165,806
MIKE BURNHAM	CO-EXEC DIR/TREAS/SEC	40.00	Officer	$118,695	$30,532	$149,227

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	No data	No data	No data	No data
2024	$2,729,780	$2,427,448	$1,864,460	$302,332
2023	$2,479,239	$2,317,063	$1,598,797	$162,176
2022	$2,173,473	$1,872,812	$1,775,002	$300,661
2021	$951,525	$1,188,705	$1,724,496	$-237,180
2020	$2,064,978	$1,976,399	$1,561,642	$88,579
2019	$2,106,841	$2,267,587	$1,832,808	$-160,746