MAINE MARINE TRADE ASSOCIATION

EIN: 010288275

ROCKLAND, ME

Total Revenue
$388,327
Total Expenses
$411,445
Total Assets
$81,569
Net Assets
$81,569
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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
ME
Principal Officer
SCOTT MCCATHERIN
Phone
2077738725
Tax Period
2024-10-01 to 2025-09-30

MAINE MARINE TRADE ASSOCIATION is a tax-exempt nonprofit with EIN 010288275, based in ROCKLAND, ME. Founded in 1966, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $388,327 in total revenue and $411,445 in total expenses, with net assets of $81,569.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ACHIEVE THROUGH THE JOINT EFFORTS OF MEMBERSHIP THRU PROMOTION OF GROWTH OF THE MARINE INDUSTRY IN MAINE

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $358,379
Program Service Revenue $27,244
Investment Income $2,704
Other Revenue $0
TOTAL REVENUE $388,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,602
Fundraising Expenses $0
Program Expenses $411,445
Other Expenses $331,843
TOTAL EXPENSES $411,445

Year-over-Year Comparison

2024 2023 Change
Revenue $388,327 $475,667 -0.2%
Expenses $411,445 $469,418 -0.1%
Net Income $-23,118 $6,249 -4.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
3

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
4
$0
Total Directors
10
$0
Key Employees
1
$60,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ARMSTRONG III TREASURER 2.00
Officer Director
$0 $0 $0
JASON ALLEN DIRECTOR 2.00
Director
$0 $0 $0
JOHN JAGGER DIRECTOR 2.00
Director
$0 $0 $0
DAN HIGGINS DIRECTOR 2.00
Director
$0 $0 $0
SCOTT MCCATHERIN PRESIDENT 4.00
Officer Director
$0 $0 $0
DON O'GRADY VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MATT LAZCANO DIRECTOR 2.00
Director
$0 $0 $0
JORDI ST JOHN DIRECTOR 2.00
Director
$0 $0 $0
STACEY KEEFER EXECUTIVE DIRECTOR 40.00
Key Emp
$60,000 $0 $60,000
ZANDER PARKER DIRECTOR 2.00
Director
$0 $0 $0
PETER MOHLIN SECRETARY 2.00
Officer Director
$0 $0 $0
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 $388,327 $411,445 $81,569 $-23,118
2024 $475,667 $469,418 $104,687 $6,249
2023 $282,271 $289,990 $103,437 $-7,719
2022 $333,122 $334,680 $106,156 $-1,558
2021 $526,293 $523,118 $118,169 $3,175
2020 $546,573 $553,065 $99,539 $-6,492
2019 $524,080 $476,961 $106,031 $47,119
2018 $491,223 $505,424 $58,912 $-14,201
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