HOSPITALITYMAINE

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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

1921

Legal Domicile

Principal Officer

REBECCA JACOBSON

Phone

2076232178

Tax Period

2023-01-01 to 2023-12-31

HOSPITALITYMAINE, founded in 1921, is a small nonprofit that reported $674K in total revenue in fiscal year 2023.

Mission

THE ASSOCIATION IS COMMITTED TO IMPROVING, PROMOTING AND PROTECTING THE WELFARE OF THE LODGING INDUSTRY IN MAINE. THROUGH COMMUNICATION, EDUCATION, PROMOTION AND GOVERNMENTAL AFFAIRS, WE HELP OUR MEMBERS ACHIEVE PROSPERITY AND DELIVER A QUALITY PRODUCT TO THE CONSUMER.

Program Service Accomplishments

Program 1

LODGING GUIDE - PRINT PUBLICATION LISTING ALL MEMBERS, AND OVER 100,000 DISTRIBUTED TO VISITOR CENTERS, CVBS, AND ON REQUEST TO VISITORS

Program 2

HOSPITALITY SUMMIT/ANNUAL MEETING - THE ANNUAL MEETING IS REQUIRED BY THE BYLAWS. THE SUMMIT IS AN OPPORTUNITY TO BRING EVERYONE TOGETHER TO NETWORK, AND FULFILL OUR COMMUNICATION AND EDUCATION...

HOSPITALITY SUMMIT/ANNUAL MEETING - THE ANNUAL MEETING IS REQUIRED BY THE BYLAWS. THE SUMMIT IS AN OPPORTUNITY TO BRING EVERYONE TOGETHER TO NETWORK, AND FULFILL OUR COMMUNICATION AND EDUCATION MISSION.

Program 3

MEMBER SERVICES - PROMOTING MEMBERSHIP AND ANSWERING QUESTIONS FROM MEMBERS IN REGARDS TO OPERATING THEIR BUSINESSES.

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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 $303,934

Program Service Revenue $334,813

Investment Income $10,816

Other Revenue $24,818

TOTAL REVENUE $674,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,702

Fundraising Expenses $0

Other Expenses $269,098

TOTAL EXPENSES $660,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$674,381	$646,763	+0.0%
Expenses	$660,800	$738,591	-0.1%
Net Income	$13,581	$-91,828	-1.1%

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

$144,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA JACOBSON	EXECUTIVE DI	40.00	Officer	$98,994	$16,234	$115,228
MATTHEW LEWIS	FORMER CEO	40.00	Officer	$26,285	$3,275	$29,560
ROGER BEAUDOIN	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL BRIGGS	DIRECTOR	0.30	Director	$0	$0	$0
MICHELLE CORRY	AT LARGE	0.30	Officer Director	$0	$0	$0
ROGER DAIGLE	DIRECTOR	0.30	Director	$0	$0	$0
STEVE DIMILLO	PAST CHAIR	0.30	Officer Director	$0	$0	$0
DEB GAGNON	DIRECTOR	0.30	Director	$0	$0	$0
TINA GORDON	TREASURER	0.30	Officer Director	$0	$0	$0
STACEY GUERIN	DIRECTOR	0.30	Director	$0	$0	$0
GERARD KILADJIAN	DIRECTOR	0.30	Director	$0	$0	$0
PHIL KRONENTHAL	DIRECTOR	0.30	Director	$0	$0	$0
JANE LEBRUN	DIRECTOR	0.30	Director	$0	$0	$0
MATTHEW LEVIN	CHAIRMAN	0.30	Officer Director	$0	$0	$0
JIM MACNEIL	DIRECTOR	0.30	Director	$0	$0	$0
LAURA MOSKWA	DIRECTOR	0.30	Director	$0	$0	$0
MARK OSBORN	DIRECTOR	0.30	Director	$0	$0	$0
MICHELLE PELLETIER	DIRECTOR	0.30	Director	$0	$0	$0
RICK ROBERTSON	DIRECTOR	0.30	Director	$0	$0	$0
LEE SPERONIS	DIRECTOR	0.30	Director	$0	$0	$0
DAVID TURIN	DIRECTOR	0.30	Director	$0	$0	$0
SCOTT VOGEL	VICE CHAIR	0.30	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	$674,381	$660,800	$471,890	$13,581
2022	$646,763	$738,591	$526,088	$-91,828
2021	$824,980	$749,909	$673,443	$75,071
2020	$496,857	$712,543	$700,532	$-215,686
2019	$879,104	$812,461	$691,493	$66,643