Maine Cancer Foundation (EIN 010351077) - 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

1976

Legal Domicile

Principal Officer

Ray Ruby

Phone

2077732533

Tax Period

2024-01-01 to 2024-12-31

Maine Cancer Foundation, founded in 1976, is a community nonprofit in the Medical Research sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Maine Cancer Foundation is dedicated to reducing cancer incidence and mortality rates in Maine. 100% of funds raised by the Foundation are used to benefit the people of Maine.

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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 $3,460,070

Program Service Revenue $0

Investment Income $357,024

Other Revenue $0

TOTAL REVENUE $3,817,094

Expense Breakdown

Grants Paid $2,624,037

Salaries & Benefits $699,928

Fundraising Expenses $291,046

Program Expenses $3,321,950

Other Expenses $411,800

TOTAL EXPENSES $3,735,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,817,094	$3,340,864	+0.1%
Expenses	$3,735,765	$3,235,750	+0.2%
Net Income	$81,329	$105,114	-0.2%

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

450

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

$241,530

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Beveridge	Secretary	1.00	Officer Director	$0	$0	$0
Bethany Sanborn	Director	1.00	Director	$0	$0	$0
Brenda Farnham	Director	1.00	Director	$0	$0	$0
Devon Evans	Director	1.00	Director	$0	$0	$0
John Benoit	Director	2.00	Director	$0	$0	$0
Justin Lamontagne	Vice President	2.00	Officer Director	$0	$0	$0
Kate Knox	Director	1.00	Director	$0	$0	$0
Katelyn Umphrey	Director	1.00	Director	$0	$0	$0
Kathie Marquis Gerard	Director	1.00	Director	$0	$0	$0
Katie Rutherford	Treasurer	1.00	Officer Director	$0	$0	$0
Laura Pfeiffenberger	President	4.00	Officer Director	$0	$0	$0
Lenroy Shaw	Director	1.00	Director	$0	$0	$0
Linda Halleran	Director	1.00	Director	$0	$0	$0
Mary Warren Libby	Director	1.00	Director	$0	$0	$0
Stephan Bachelder	Director	1.00	Director	$0	$0	$0
Tina Pettingill	Director	1.00	Director	$0	$0	$0
Kelly Martin	Deputy Director	40.00	Officer	$100,487	$3,015	$103,502
Ray Ruby	Executive Director	40.00	Officer	$132,732	$5,296	$138,028

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	$3,817,094	$3,735,765	$7,173,771	$81,329
2023	$3,340,864	$3,235,750	$6,867,234	$105,114
2022	$2,889,037	$3,163,165	$6,681,573	$-274,128
2021	$2,342,673	$2,573,299	$7,383,359	$-230,626
2020	$4,403,735	$2,114,426	$7,806,362	$2,289,309
2019	$3,006,057	$3,195,934	$6,133,295	$-189,877
2018	$2,836,605	$3,038,337	$6,238,429	$-201,732

Maine Cancer Foundation