Maine Health Care Association (EIN 010283794) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

Angela C Westhoff

Phone

2076231146

Tax Period

2024-10-01 to 2025-09-30

Maine Health Care Association, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 7% surplus.

Mission

Maine statewide association of providers of services to Maine's older and disabled populations

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,038

Program Service Revenue $1,015,673

Investment Income $75,730

Other Revenue $470

TOTAL REVENUE $1,130,911

Expense Breakdown

Grants Paid $5,250

Salaries & Benefits $618,986

Fundraising Expenses $0

Other Expenses $430,347

TOTAL EXPENSES $1,054,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,130,911	$1,164,987	0.0%
Expenses	$1,054,583	$1,156,179	-0.1%
Net Income	$76,328	$8,808	+7.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$205,360

Total Directors

$205,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Westhoff	President/CEO	30.00	Officer Director	$137,555	$21,953	$205,360
Michael Tyler	Chair	1.00	Officer Director	$0	$0	$0
Wanda Pelkey	Immediate Past Chair	1.00	Officer Director	$0	$0	$0
Philip Jean	Vice Chair	1.00	Officer Director	$0	$0	$0
Courtney Freeman	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Jim Brown	Director	1.00	Director	$0	$0	$0
Jessica Duffy	Director	1.00	Director	$0	$0	$0
Rebecca Gagnon	Director	1.00	Director	$0	$0	$0
Jeff Ketchum	Director	1.00	Director	$0	$0	$0
Sarah O'Sullivan	Director	1.00	Director	$0	$0	$0
Ericka Saucier	Director	1.00	Director	$0	$0	$0
Meghan Welch	Director	1.00	Director	$0	$0	$0
Maureen Carland	Dir. Qual. Improv. & Reg. Affairs	32.00	Highest	$105,432	$22,595	$128,027

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	$1,130,911	$1,054,583	$1,230,944	$76,328
2024	$1,164,987	$1,156,179	$1,164,232	$8,808
2023	$1,074,738	$989,879	$1,169,775	$84,859
2022	$1,104,182	$860,953	$971,541	$243,229
2021	$916,675	$872,544	$903,668	$44,131
2020	$1,155,073	$1,183,304	$710,936	$-28,231
2019	$1,276,323	$1,269,437	$824,521	$6,886
2018	$1,180,408	$1,160,097	$709,724	$20,311

Maine Health Care Association