MAINE OPTOMETRIC ASSOCIATION (EIN 010366667) - 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

1901

Legal Domicile

Principal Officer

JESSILIN QUINT OD

Phone

2076269920

Tax Period

2024-01-01 to 2024-12-31

MAINE OPTOMETRIC ASSOCIATION, founded in 1901, is a small nonprofit that reported $414K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $485K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO SERVE AS THE REPRESENTATIVE VOICE OF OPTOMETRY IN MAINE AND PROMOTE THE PROFESSIONAL ATTAINMENTS OF ITS MEMBERS THROUGH QUARTERLY MEETINGS, EDUCATIONAL SEMINARS, CONFERENCES AND LOBBYING ACTIVITIES

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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 $223

Program Service Revenue $402,833

Investment Income $10,674

Other Revenue $668

TOTAL REVENUE $414,398

Expense Breakdown

Grants Paid $40,926

Salaries & Benefits $86,059

Fundraising Expenses $0

Program Expenses $485,402

Other Expenses $358,417

TOTAL EXPENSES $485,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414,398	$338,469	+0.2%
Expenses	$485,402	$317,671	+0.5%
Net Income	$-71,004	$20,798	-4.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE FONTAINE	EXECUTIVE DIRECTOR	35.00	Highest	$74,237	$5,564	$79,801
AMY CYR OD	DIRECTOR	1.00	Director	$0	$0	$0
JESSILIN QUINT OD	PRESIDENT	1.00	Officer	$0	$0	$0
RACHEL ACHENBACH OD	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ERIC LEHOUILLIER OD	TREASURERSECRETARY	1.00	Officer	$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	$414,398	$485,402	$1,415,795	$-71,004
2023	$338,469	$317,671	$1,249,423	$20,798
2022	$333,122	$365,917	$987,982	$-32,795
2021	$297,485	$262,090	$1,241,920	$35,395
2020	$341,611	$365,247	$1,014,387	$-23,636
2019	$344,257	$450,629	$730,865	$-106,372
2018	$608,873	$512,943	$700,634	$95,930

MAINE OPTOMETRIC ASSOCIATION