MANUFACTURERS ASSOCIATION OF MAINE

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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

1981

Legal Domicile

Principal Officer

JOHN LEWIS

Phone

2077474406

Tax Period

2024-01-01 to 2024-12-31

MANUFACTURERS ASSOCIATION OF MAINE, founded in 1981, is a small nonprofit that reported $262K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $327K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MANUFACTURERS ASSOCIATION OF MAINE IS DEDICATED TO PROMOTING AND STRENGTHENING MANUFACTURING IN MAINE AS AN INFORMATIVE VOICE FOR THE STATE'S MANUFACTURING COMMUNITY.

Program Service Accomplishments

Program 1

PROMOTING THE MANUFACTURING INDUSTRY THROUGH MEMBERSHIP MEETINGS, COMPANY TOURS, MONTHLY NEWSLETTERS, AND A NETWORK OF BUSINESS OPPORTUNITIES.

Program 2

MEFI (MANUFACTURING FINANCIAL INITIATIVE), A POLICY AND ADVOCACY PROGRAM

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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 $0

Program Service Revenue $247,768

Investment Income $16

Other Revenue $13,949

TOTAL REVENUE $261,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,035

Fundraising Expenses $0

Other Expenses $147,361

TOTAL EXPENSES $327,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,733	$228,395	+0.1%
Expenses	$327,396	$347,899	-0.1%
Net Income	$-65,663	$-119,504	-0.5%

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

790

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

$96,714

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAWFORD AARON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEVEAUX BRIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HALL RUSS	BOARD MEMBER	1.00	Director	$0	$0	$0
MCCANN RICK	BOARD MEMBER	1.00	Director	$0	$0	$0
MESERVE PAUL	BOARD MEMBER	1.00	Director	$0	$0	$0
PRESCOTT FRED	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAMS BRAD	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY MATT	BOARD MEMBER	1.00	Director	$0	$0	$0
HITTLE BRAD	CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
FORTIN DAVE	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
FOX DEREK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PEDERSEN SAMANTHA	TREASURER	2.00	Officer Director	$0	$0	$0
PRESCOTT NEAL	SECRETARY	2.00	Officer Director	$0	$0	$0
BORELLI JUDITH	PAST CHAIR	2.00	Officer Director	$0	$0	$0
ROUGHTON MIKE	EXECUTIVE DIRECTOR	40.00	Officer	$92,067	$4,647	$96,714

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	$261,733	$327,396	$184,854	$-65,663
2023	$228,395	$347,899	$207,760	$-119,504
2022	$344,242	$336,766	$335,214	$7,476
2021	$553,375	$419,743	$418,224	$133,632
2020	$422,962	$268,385	$295,350	$154,577
2019	$487,449	$367,765	$86,719	$119,684
2018	$404,626	$426,261	$70,341	$-21,635