MAINE STATE TROOPERS ASSOCIATION (EIN 010343289) - 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

2006

Legal Domicile

Principal Officer

KRISTOPHER KENNEDY

Phone

2076222277

Tax Period

2023-01-01 to 2023-12-31

MAINE STATE TROOPERS ASSOCIATION, founded in 2006, is a small nonprofit that reported $219K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $77K, a strong 35% operating margin.

Mission

TO PROVIDE COLLECTIVE BARGAINING AND OTHER AID PROTECTION FOR MEMBERS, PROMOTE FRATERNAL SPIRIT, AND TO MITIGATE HAZARDS OF WORK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $218,420

Program Service Revenue $0

Investment Income $184

Other Revenue $0

TOTAL REVENUE $218,604

Expense Breakdown

Grants Paid $3,289

Salaries & Benefits $16,273

Fundraising Expenses $0

Program Expenses $141,225

Other Expenses $121,663

TOTAL EXPENSES $141,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,604	$202,022	+0.1%
Expenses	$141,225	$126,090	+0.1%
Net Income	$77,379	$75,932	+0.0%

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

$11,000

Total Directors

$11,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BUREAU	PRESIDENT	2.00	Officer Director	$7,000	$0	$7,000
KRISTOPHER KENNEDY	TREASURER	2.00	Officer Director	$4,000	$0	$4,000
CHRISTOPHER HASHEY	NORTHERN VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TYLER NADEAU	SOUTHERN VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL PLOURDE	CENTRAL VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BENJAMIN HANZDEL	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
2024	No data	No data	No data	No data
2023	$218,604	$141,225	$446,255	$77,379
2022	$202,022	$126,090	$369,604	$75,932
2021	$174,800	$147,139	$282,186	$27,661
2020	$198,809	$158,325	$254,098	$40,484
2019	$188,351	$191,301	$371,642	$-2,950
2018	$149,767	$164,082	$374,592	$-14,315
2017	$169,916	$159,670	$388,907	$10,246

MAINE STATE TROOPERS ASSOCIATION