MAINE ASSOCIATION OF RETIREES INC (EIN 010370896) - 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

1980

Legal Domicile

Principal Officer

DIANE BAILEY

Phone

2075821960

Tax Period

2022-07-01 to 2023-06-30

MAINE ASSOCIATION OF RETIREES INC, founded in 1980, is a small nonprofit that reported $401K in total revenue in fiscal year 2022. Expenses of $359K left a modest 11% surplus.

Mission

TO PROTECT AND EXPAND THE RIGHTS AND BENEFITS OF MAINE'S RETIRED EMPLOYEES: TEACHERS, STATE, COUNTY, AND MUNICIPAL GOVERNMENT EMPLOYEES, AND TO SUPPORT A FISCALLY SOUND RETIREMENT SYSTEM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $280,868

Program Service Revenue $0

Investment Income $7,256

Other Revenue $112,647

TOTAL REVENUE $400,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,275

Fundraising Expenses $0

Other Expenses $135,254

TOTAL EXPENSES $358,529

Year-over-Year Comparison

	2022	2021	Change
Revenue	$400,771	$406,141	0.0%
Expenses	$358,529	$367,901	0.0%
Net Income	$42,242	$38,240	+0.1%

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

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

$68,083

Total Directors

$68,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE BAILEY	EXECUTIVE DI	30.00	Officer Director	$44,540	$637	$45,177
PATRICIA CASTONGUAY	TREASURER	0.50	Officer Director	$22,853	$53	$22,906
ARTHUR ALLARD	DIRECTOR, RE	0.50	Officer Director	$0	$0	$0
GARRY HINKLEY	DIRECTOR, RE	0.50	Officer Director	$0	$0	$0
DAWN KLIPHAN	SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM LAUBENSTEIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT POWERS	DIRECTOR, RE	0.50	Officer Director	$0	$0	$0
TOM RECORD	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
TERRY SANDUSKY	DIRECTOR, RE	0.50	Officer Director	$0	$0	$0
MARIE ELIZABETH SNOWMAN	DIRECTOR, RE	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$400,771	$358,529	$1,028,363	$42,242
2022	$406,141	$380,870	$990,413	$25,271
2021	$430,998	$326,737	$963,761	$104,261
2020	$425,289	$334,770	$862,297	$90,519
2019	$404,350	$326,148	$770,035	$78,202
2018	$335,142	$283,155	$690,066	$51,987

MAINE ASSOCIATION OF RETIREES INC