MAINE ASSOCIATION OF REALTORS

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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

1936

Legal Domicile

Principal Officer

SUZANNE GUILD

Phone

2076227501

Tax Period

2023-01-01 to 2023-12-31

MAINE ASSOCIATION OF REALTORS, founded in 1936, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $422K, a strong 23% operating margin.

Mission

TO UNITE LOCAL BOARDS OF REALTORS AND THEIR MEMBERS WITHIN THE STATE, TO EFFECTIVELY EXERT A COMBINED INFLUENCE ON REAL ESTATE ISSUES AND TO MONITOR AND EVALUATE THE STANDARDS OF THE BUSINESS AND PROFESSIONAL CONDUCT OF REALTORS.

Program Service Accomplishments

Program 1

Expenses: $1,106,498 Revenue: $356,854

ACHIEVEMENTS ARE AS STATED IN THE PRIMARY EXEMPT PURPOSE EXPLANATION ABOVE.

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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 $1,366,708

Program Service Revenue $356,854

Investment Income $83,388

Other Revenue $20,000

TOTAL REVENUE $1,826,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $623,655

Fundraising Expenses $0

Program Expenses $1,106,498

Other Expenses $781,295

TOTAL EXPENSES $1,404,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,826,950	$1,681,321	+0.1%
Expenses	$1,404,950	$1,339,079	+0.0%
Net Income	$422,000	$342,242	+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

$195,948

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC FLYNN	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF HARRIS	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MADELEINE HILL	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL MCKEE	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
CARMEN MCPHAIL	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOEL ALEXANDER	DIRECTOR	0.50	Director	$0	$0	$0
TAMMY BAKER	DIRECTOR	0.50	Director	$0	$0	$0
JULIA BASSET SCHWERIN	DIRECTOR	0.50	Director	$0	$0	$0
ZACH BLAIR	DIRECTOR	0.50	Director	$0	$0	$0
CHERI BONAWITZ	DIRECTOR	0.50	Director	$0	$0	$0
DEBBI BOZWORTH	DIRECTOR	0.50	Director	$0	$0	$0
STEVE BRACKETT	DIRECTOR THRU 4/19/23	0.50	Director	$0	$0	$0
CHUCK BRAWN	DIRECTOR THRU 6/5/23	0.50	Director	$0	$0	$0
EMILIE BRONSON BLAIR	DIRECTOR	0.50	Director	$0	$0	$0
DERRICK BUCKSPAN	DIRECTOR	0.50	Director	$0	$0	$0
KIRK BUTTERFIELD	DIRECTOR	0.50	Director	$0	$0	$0
MARC CARDULLO	DIRECTOR	0.50	Director	$0	$0	$0
AARON CHADBOURNE	DIRECTOR	0.50	Director	$0	$0	$0
WENDE CHAPMAN	DIRECTOR	0.50	Director	$0	$0	$0
SANDY COX	DIRECTOR	0.50	Director	$0	$0	$0
MARY JO CROSS	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE CYR	DIRECTOR THRU 6/4/23	0.50	Director	$0	$0	$0
MARSHA DECOSTA	DIRECTOR	0.50	Director	$0	$0	$0
LISA DIBIASE	DIRECTOR	0.50	Director	$0	$0	$0
LINDA DITOMASO	DIRECTOR	0.50	Director	$0	$0	$0
RAYLENE ESTABROOK	DIRECTOR	0.50	Director	$0	$0	$0
TONI FERRARO	DIRECTOR	0.50	Director	$0	$0	$0
JON FINCH	DIRECTOR	0.50	Director	$0	$0	$0
VIRGINIA FROST	DIRECTOR	0.50	Director	$0	$0	$0
GARRETT GETCH	DIRECTOR	0.50	Director	$0	$0	$0
STEVE HAMMOND	DIRECTOR	0.50	Director	$0	$0	$0
KIM HANSCOM	DIRECTOR	0.50	Director	$0	$0	$0
CASEY HARDWICK	DIRECTOR	0.50	Director	$0	$0	$0
LISA HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
GLENNA IRVINE	DIRECTOR	0.50	Director	$0	$0	$0
KAREN JONES	DIRECTOR	0.50	Director	$0	$0	$0
GARY JORDAN JR	DIRECTOR	0.50	Director	$0	$0	$0
PRESSLEY LAWRENCE	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER LEACH	DIRECTOR	0.50	Director	$0	$0	$0
ANGELINA LEVESQUE	DIRECTOR	0.50	Director	$0	$0	$0
AMY MACDONALD	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE MACNAIR	DIRECTOR THRU 3/24/23	0.50	Director	$0	$0	$0
JILL MAYHEW	DIRECTOR	0.50	Director	$0	$0	$0
KATIE MCALLISTER-EDGE	DIRECTOR	0.50	Director	$0	$0	$0
KIRSTIN MCQUILLAN	DIRECTOR	0.50	Director	$0	$0	$0
ERIC MEADOWS	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY MESSNER	DIRECTOR	0.50	Director	$0	$0	$0
SHARON MILLETT	DIRECTOR	0.50	Director	$0	$0	$0
TIFFANY MOREAU	DIRECTOR	0.50	Director	$0	$0	$0
KORTNIE MULLINS	DIRECTOR	0.50	Director	$0	$0	$0
LEANNE NICHOLS	DIRECTOR	0.50	Director	$0	$0	$0
JUDY OBERG	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA PAGE	DIRECTOR	0.50	Director	$0	$0	$0
LAURA PELLERANO	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE PLOURDE	DIRECTOR	0.50	Director	$0	$0	$0
CORENNA QUIRK	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN RIZZO	DIRECTOR	0.50	Director	$0	$0	$0
CATIE SEAVEY	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEE SIMPSON BLACK	DIRECTOR	0.50	Director	$0	$0	$0
MARGARET SMITH	DIRECTOR	0.50	Director	$0	$0	$0
LAURA SOSNOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS SULLIVAN	DIRECTOR	0.50	Director	$0	$0	$0
KIM TARBOX	DIRECTOR	0.50	Director	$0	$0	$0
ELIAS THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
STAN TUPAJ	DIRECTOR	0.50	Director	$0	$0	$0
ANDY WERRY	DIRECTOR	0.50	Director	$0	$0	$0
TERI WOODS	DIRECTOR	0.50	Director	$0	$0	$0
MONET YARNELL	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE GUILD	CEO	60.00	Officer	$170,978	$24,970	$195,948

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	No data	No data	No data	No data
2023	$1,826,950	$1,404,950	$5,899,825	$422,000
2022	$1,681,321	$1,339,079	$5,477,825	$342,242
2021	$1,535,466	$986,950	$5,135,583	$548,516
2020	$1,400,004	$955,983	$4,587,067	$444,021
2019	$1,541,997	$1,094,980	$4,143,046	$447,017
2018	$1,494,977	$1,153,856	$3,696,029	$341,121