MAINE STATE TROOPERS ASSOCIATION

EIN: 010343289

SOUTH PORTLAND, ME

Total Revenue
$218,604
Total Expenses
$141,225
Total Assets
$446,255
Net Assets
$435,070
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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
ME
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.

Program Service Accomplishments

Program 1
Expenses: $141,225 Revenue: $0

THE ASSOCIATION IS THE SOLE BARGAINING AGENT IN LABOR NEGOTIATIONS, FACT FINDING ARBITRATION AND DISPUTE RESOLUTION WITH MANAGEMENT CONCERNING WORK HAZARDS. ACTIVITIES FOR MEMBERS PROMOTING FRATERNAL...

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THE ASSOCIATION IS THE SOLE BARGAINING AGENT IN LABOR NEGOTIATIONS, FACT FINDING ARBITRATION AND DISPUTE RESOLUTION WITH MANAGEMENT CONCERNING WORK HAZARDS. ACTIVITIES FOR MEMBERS PROMOTING FRATERNAL SPIRIT ARE ALSO PROVIDED.

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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%)

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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

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Governance

Voting Members
6
Independent Members
4
Employees
3
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
6
$11,000
Total Directors
6
$11,000
Key Employees
0
$0
Highest Compensated
0
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
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