MAINE CREDIT UNION LEAGUE (EIN 010248224) - Form 990 Financial Analysis & Trantor Score

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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

1938

Legal Domicile

Principal Officer

CRIS WESCOTT

Phone

2077735671

Tax Period

2024-01-01 to 2024-12-31

MAINE CREDIT UNION LEAGUE, founded in 1938, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 4% surplus.

Mission

THE LEAGUE PROVIDES EDUCATION, TRAINING AND PROMOTION OF CREDIT UNION SERVICES TO MEMBER CREDIT UNIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,057,711

Investment Income $172,651

Other Revenue $376,034

TOTAL REVENUE $2,606,396

Expense Breakdown

Grants Paid $17,009

Salaries & Benefits $1,136,332

Fundraising Expenses $0

Other Expenses $1,350,961

TOTAL EXPENSES $2,504,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,606,396	$1,960,888	+0.3%
Expenses	$2,504,302	$1,829,949	+0.4%
Net Income	$102,094	$130,939	-0.2%

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

$647,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN A DOE	CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH GERVAIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JASON LINDSTROM	TREASURER	1.00	Officer Director	$0	$0	$0
BASIL CLOSSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOANN BISSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CHRETIEN	DIRECTOR	1.00	Director	$0	$0	$0
DAN CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DESJARDINS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE DEVINE	DIRECTOR	1.00	Director	$0	$0	$0
LUKE LABBE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MARQUIS	DIRECTOR	1.00	Director	$0	$0	$0
MARK SAMSON	DIRECTOR	1.00	Director	$0	$0	$0
CRIS WESCOTT	CFO	1.00	Officer	$0	$59,672	$467,092
ELISE BALDACCI	PRESIDENT	40.00	Officer	$156,422	$24,246	$180,668
ROBERT CAVERLY	VP GOVERMENTAL AFFAIRS	40.00	Highest	$179,490	$22,615	$202,105
JENNIFER BURKE	VP OUTREACH	40.00	Highest	$129,958	$15,623	$145,581

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	$2,606,396	$2,504,302	$4,073,725	$102,094
2023	$1,960,888	$1,829,949	$3,941,430	$130,939
2022	$1,880,069	$1,686,509	$3,759,148	$193,560
2021	$1,622,181	$1,662,189	$3,478,301	$-40,008
2020	$1,877,785	$1,684,757	$3,589,775	$193,028
2019	$2,463,278	$2,233,196	$3,562,810	$230,082
2018	$2,293,583	$2,282,780	$3,229,533	$10,803

MAINE CREDIT UNION LEAGUE