MAINE SOCIETY OF CPA'S (EIN 010339969) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1924

Legal Domicile

Principal Officer

PATRICIA BRIGHAM

Phone

2077610925

Tax Period

2023-06-01 to 2024-05-31

MAINE SOCIETY OF CPA'S is a tax-exempt nonprofit with EIN 010339969, based in PORTLAND, ME. Founded in 1924, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $195,271 in total revenue and $211,588 in total expenses, with net assets of $631,959.

Mission

THE MAINE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS THE STATEWIDE PROFESSIONAL ORGANIZATION FOR CPAS IN MAINE. THE SOCIETY SERVES APPROXIMATELY 600 MEMBERS WITH PROFESSIONAL MEETINGS, EDUCATION, AND ADVOCACY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $124,159

Program Service Revenue $43,223

Investment Income $23,729

Other Revenue $4,160

TOTAL REVENUE $195,271

Expense Breakdown

Grants Paid $100

Salaries & Benefits $114,911

Fundraising Expenses $0

Other Expenses $96,577

TOTAL EXPENSES $211,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,271	$169,110	+0.2%
Expenses	$211,588	$197,247	+0.1%
Net Income	$-16,317	$-28,137	-0.4%

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

$102,807

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID STONE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SPENCER HATHAWAY	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER PERREAULT	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BARRETT	GOVERNOR	1.00	Director	$0	$0	$0
BARBARA BELIK	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
JAKE BLACK	GOVERNOR	1.00	Director	$0	$0	$0
RYAN CURRY	GOVERNOR	1.00	Director	$0	$0	$0
TAMI GOWER	GOVERNOR	1.00	Director	$0	$0	$0
SAM HORNBLOWER	GOVERNOR	1.00	Director	$0	$0	$0
MICAH DAVIS-JOHNSON	GOVERNOR	1.00	Director	$0	$0	$0
MIKE SANTO	GOVERNOR	1.00	Director	$0	$0	$0
KIRIN SCHRUM	GOVERNOR	1.00	Director	$0	$0	$0
PATRICIA BRIGHAM	EXECUTIVE DIRECTOR	40.00	Officer	$99,807	$3,000	$102,807

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	No data	No data	No data	No data
2024	$195,271	$211,588	$696,900	$-16,317
2023	$169,110	$197,247	$647,328	$-28,137
2022	$207,591	$176,528	$694,076	$31,063
2021	$175,581	$170,941	$728,841	$4,640
2020	$164,261	$150,093	$612,731	$14,168
2019	$221,337	$167,397	$612,833	$53,940

MAINE SOCIETY OF CPA'S