Maine Dental Service Corporation (EIN 010286541) - 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

1965

Legal Domicile

Principal Officer

Thomas Raffio

Phone

6032231000

Tax Period

2024-01-01 to 2024-12-31

Maine Dental Service Corporation, founded in 1965, is a major nonprofit that reported $197.8M in total revenue in fiscal year 2024.

Mission

Provides programs of dental care

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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 $193,396,724

Investment Income $4,398,514

Other Revenue $0

TOTAL REVENUE $197,795,238

Expense Breakdown

Grants Paid $750,483

Salaries & Benefits $1,351,480

Fundraising Expenses $0

Program Expenses $178,414,958

Other Expenses $24,635,995

TOTAL EXPENSES $196,103,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$197,795,238	$184,818,836	+0.1%
Expenses	$196,103,650	$176,984,809	+0.1%
Net Income	$1,691,588	$7,834,027	-0.8%

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

N/A

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

$1,561,781

Total Directors

$175,981

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey R Walawender DDS	Chair & Director	3.00	Officer Director	$33,781	$0	$33,781
Bruce Nickerson CPA	Vice Chair & Director	3.00	Officer Director	$20,625	$0	$20,625
Laura Oakes DMD	Director	3.00	Officer Director	$11,925	$0	$11,925
Katherin O'Grady	Treasurer & Director	3.00	Director	$11,425	$0	$11,425
Grace Odimayo DMD	Director	3.00	Director	$11,425	$0	$11,425
Scott Normandeau	Director	3.00	Director	$10,700	$0	$10,700
Kathy Reynolds	Director & Past Vice Chair	3.00	Officer Director	$10,700	$0	$10,700
Kristine Avery SPHR	Director	3.00	Director	$9,725	$0	$9,725
Stephanie Pouzol DMD	Director	3.00	Director	$9,250	$0	$9,250
Melissa Haidu-Sylvia DDS	Director	3.00	Director	$9,250	$0	$9,250
Jennifer Thompson	Director	3.00	Director	$9,250	$0	$9,250
Burton Rankie DDS	Director	3.00	Director	$9,250	$0	$9,250
Marcia Minter	Director	3.00	Director	$8,525	$0	$8,525
David Daigler CPA	Director	3.00	Director	$5,800	$0	$5,800
Craig Bradford Rand DDS	Director (end 4/2024)	3.00	Director	$3,625	$0	$3,625
Ayla Nelson DMD	Director (start 4/2024)	3.00	Director	$725	$0	$725
Thomas Raffio	DDPNH President & CEO	10.00	Officer	$1,112,510	$72,619	$1,185,129
Laurie Bienefeld	DDPNH Vice President of Finance	10.00	Officer	$265,206	$22,378	$287,584
Benjamin Marcus Esq	Board Clerk	3.00	Officer	$12,037	$0	$12,037

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	$197,795,238	$196,103,650	$86,384,684	$1,691,588
2023	$184,818,836	$176,984,809	$83,523,588	$7,834,027
2022	$164,272,761	$160,372,570	$75,628,828	$3,900,191
2021	$148,164,665	$143,755,056	$78,079,521	$4,409,609
2020	$124,170,949	$119,763,631	$71,533,657	$4,407,318
2019	$130,130,647	$130,805,515	$61,952,148	$-674,868
2018	$127,831,226	$126,803,519	$56,639,044	$1,027,707

Maine Dental Service Corporation