MAINE AQUACULTURE ASSOCIATION (EIN 010375969) - 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

SEBASTIAN BELLE

Phone

2076220136

Tax Period

2023-10-01 to 2024-09-30

MAINE AQUACULTURE ASSOCIATION, founded in 1976, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $692K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $636K left a modest 8% surplus.

Mission

PROVIDE SUPPORT FOR THE MAINE AQUACULTURE INDUSTRY.

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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 $563,856

Program Service Revenue $0

Investment Income $5,947

Other Revenue $121,898

TOTAL REVENUE $691,701

Expense Breakdown

Grants Paid $40,500

Salaries & Benefits $345,996

Fundraising Expenses $0

Program Expenses $636,087

Other Expenses $249,591

TOTAL EXPENSES $636,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$691,701	$759,753	-0.1%
Expenses	$636,087	$676,815	-0.1%
Net Income	$55,614	$82,938	-0.3%

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

$114,239

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER V DAVIS PHD	CURRENT PRESIDENT	0.50	Officer Director	$0	$0	$0
ANDREW LIVELY	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
MATTHEW MORETTI	TREASURER	0.50	Officer Director	$0	$0	$0
THEO DE KONING	SECRETARY	0.50	Officer Director	$0	$0	$0
JOANNAJESSE FOGG	DIRECTOR	0.50	Director	$0	$0	$0
BILL KELEHER	DIRECTOR	0.50	Director	$0	$0	$0
GREG LAMBERT	DIRECTOR	0.50	Director	$0	$0	$0
TONIE SIMMONS	DIRECTOR	0.50	Director	$0	$0	$0
BRIANA WARNER	DIRECTOR	0.50	Director	$0	$0	$0
SEBASTIAN BELLE	EXECUTIVE DIREC	40.00	Officer	$100,727	$13,512	$114,239

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	$691,701	$636,087	$1,418,184	$55,614
2023	$759,753	$676,815	$1,364,150	$82,938
2022	$682,532	$522,139	$1,281,849	$160,393
2021	$768,302	$457,001	$1,116,026	$311,301
2020	$385,599	$459,518	$688,962	$-73,919
2019	$628,870	$402,902	$762,881	$225,968
2018	$480,066	$376,841	$541,743	$103,225

MAINE AQUACULTURE ASSOCIATION