MAINE PRESERVATION

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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

1972

Legal Domicile

Principal Officer

TARA KELLY

Phone

2078473577

Tax Period

2024-04-01 to 2025-03-31

MAINE PRESERVATION, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $482K in total revenue in fiscal year 2024. Expenses of $442K left a modest 8% surplus.

Mission

MAINE PRESERVATION PROMOTES AND PRESERVES HISTORIC PLACES, BUILDINGS, DOWNTOWNS AND NEIGHBORHOODS, STENGHTENING THE CULTURAL AND ECONOMIC VITALITY OF MAINE COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $35,559 Revenue: $9,727

MAINE PRESERVATION PROVIDES FIELD SERVICES OFFERED ASSISTANCE TO 150 PROJECTS FOR COMMUNITIES, NONPROFITS AND INDIVIDUALS TO HELP PRESERVE HISTORIC BUILDINGS. FIELD SERVICE ADVISORS VISITED...

MAINE PRESERVATION PROVIDES FIELD SERVICES OFFERED ASSISTANCE TO 150 PROJECTS FOR COMMUNITIES, NONPROFITS AND INDIVIDUALS TO HELP PRESERVE HISTORIC BUILDINGS. FIELD SERVICE ADVISORS VISITED COMMUNITIES AND LANDMARK PROPERTIES TO ADVISE BUILDING STEWARDS ON NEXT STEPS TOWARD REHABILITATING HISTORIC STRUCTURES IN MAINE.

Program 2

Expenses: $57,743 Revenue: $46,162

PROTECT AND SELL PROGRAM - MAINE PRESERVATIONS'S PROTECT AND SELL PROGRAM ASSISTS IN THE SALE OF HISTORIC BUILDINGS TO NEW OWNERS WHO AGREE TO PRESERVE AND REHABILITATE THEM SUBJECT TO PERPETUAL...

PROTECT AND SELL PROGRAM - MAINE PRESERVATIONS'S PROTECT AND SELL PROGRAM ASSISTS IN THE SALE OF HISTORIC BUILDINGS TO NEW OWNERS WHO AGREE TO PRESERVE AND REHABILITATE THEM SUBJECT TO PERPETUAL HISTORIC PRESERVATION EASEMENTS. ADDITIONAL EASEMENTS ARE DONATED TO THE ORGANIZATION.

Program 3

Expenses: $17,903 Revenue: $1,364

STATE HISTORIC TAX CREDITS - MAINE PRESERVATION WORKS WITH ENTITIES SEEKING TO USE THE STATE HISTORIC TAX CREDIT, IS A PARTNER IN 3 PROJECTS, AND RECEIVES AND DISBURSES THE CREDIT TO ELIGIBLE...

STATE HISTORIC TAX CREDITS - MAINE PRESERVATION WORKS WITH ENTITIES SEEKING TO USE THE STATE HISTORIC TAX CREDIT, IS A PARTNER IN 3 PROJECTS, AND RECEIVES AND DISBURSES THE CREDIT TO ELIGIBLE ENTITIES.

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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 $351,443

Program Service Revenue $57,253

Investment Income $82,552

Other Revenue $-8,929

TOTAL REVENUE $482,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,153

Fundraising Expenses $93,452

Program Expenses $285,452

Other Expenses $112,018

TOTAL EXPENSES $442,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,319	$468,002	+0.0%
Expenses	$442,171	$491,283	-0.1%
Net Income	$40,148	$-23,281	-2.7%

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

$107,039

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALE PICKFORD	PRESIDENT	2.00	Officer Director	$0	$0	$0
R TOBEY SCOTT	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
SUSAN AXELROD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ARRON STURGIS	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT LIBBEY	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN L CARPENTER	CLERK	1.00	Officer Director	$0	$0	$0
ANASTASIA AZENARO-MOORE	TRUSTEE	1.00	Director	$0	$0	$0
ERIKA CRAMER	TRUSTEE	1.00	Director	$0	$0	$0
ERIK FIEBERT	TRUSTEE	1.00	Director	$0	$0	$0
ROB HARVILLE	TRUSTEE	1.00	Director	$0	$0	$0
DECOURCY MCINTOSH	TRUSTEE	1.00	Director	$0	$0	$0
SHAW SPRAGUE	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
CYNDY TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
MARIEKE THORMANN	TRUSTEE	1.00	Director	$0	$0	$0
WILLY WONG	TRUSTEE	1.00	Director	$0	$0	$0
TARA KELLY	EXECUTIVE DI	50.00	Officer	$107,039	$0	$107,039

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	$482,319	$442,171	$1,010,821	$40,148
2024	$468,002	$491,283	$987,586	$-23,281
2023	$475,262	$472,287	$991,495	$2,975
2022	$459,368	$500,664	$1,039,325	$-41,296
2021	$493,397	$460,090	$1,070,538	$33,307
2020	$284,165	$414,749	$907,832	$-130,584
2019	$539,489	$417,785	$996,813	$121,704
2018	$395,148	$397,904	$887,427	$-2,756