MAINE MARINE TRADE ASSOCIATION

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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

1966

Legal Domicile

Principal Officer

SCOTT MCCATHERIN

Phone

2077738725

Tax Period

2024-10-01 to 2025-09-30

MAINE MARINE TRADE ASSOCIATION, founded in 1966, is a small nonprofit that reported $388K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

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

Program Service Accomplishments

Program 1

Expenses: $411,445 Revenue: $27,244

A. PROVIDED ONGOING ADMINISTRATION OF MAINE CLEAN ENGINES PROGRAM WITH MAINE DEPARTMENT OF ENVIRONMENTAL PROTECTION B. MONITORED KEY LEGISLATIVE & REGULATORY ISSUES AT THE STATE & FEDERAL LEVELS C...

A. PROVIDED ONGOING ADMINISTRATION OF MAINE CLEAN ENGINES PROGRAM WITH MAINE DEPARTMENT OF ENVIRONMENTAL PROTECTION B. MONITORED KEY LEGISLATIVE & REGULATORY ISSUES AT THE STATE & FEDERAL LEVELS C. ANNUAL CONFERENCE & BUSINESS MEETING D. PRODUCED VARIOUS TRAINING PROGRAMS ON MARINE INDUSTRY TOPICS E. REPRESENTED INDUSTRY AS PART OF NEW ENGLAND MAINE MARINE TRADES ASSOCIATION, MAINE OUTDOOR BRANDS WORKFORCE ADVISORY, NATIONAL MARINE TRADES COUNCIL BOARD, RECREATIONAL BOATING LEGISLATIVE COUNCIL F. CRANE AND RIGGING TRAINING G. CONTINUED WORK ON NOAA MARINE DEBRIS COALITION GRANT FROM THE UNIVERSITY OF MAINE/ SEA GRANT PRODUCED FIVE BOATER EDUCATION VIDEOS

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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 $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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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

Total Directors

Key Employees

$60,000

Highest Compensated

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