Eastern Maine Community College Foundation

EIN: 010385303 501(c)(3)

Bangor, ME

Total Revenue
$388,888
Total Expenses
$354,031
Total Assets
$2,370,627
Net Assets
$2,366,680
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
ME
Principal Officer
Elizabeth Russell
Phone
2079744691
Tax Period
2024-07-01 to 2025-06-30

Eastern Maine Community College Foundation, founded in 1982, is a small nonprofit that reported $389K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $354K left a modest 9% surplus.

Mission

To mobilize, engage and nurture broad investment from our diverse community to enhance the programs, equipment and facilities of Eastern Maine Community College.

Program Service Accomplishments

Program 1
Expenses: $200,367

General assistance to support college programs and local food pantry

Program 2
Expenses: $79,177

Scholarships helped students pursue degrees at Eastern Maine Community College.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $285,137
Program Service Revenue $0
Investment Income $103,728
Other Revenue $23
TOTAL REVENUE $388,888

Expense Breakdown

Grants Paid $279,544
Salaries & Benefits $0
Fundraising Expenses $6,983
Program Expenses $279,544
Other Expenses $74,487
TOTAL EXPENSES $354,031

Year-over-Year Comparison

2024 2023 Change
Revenue $388,888 $694,801 -0.4%
Expenses $354,031 $400,715 -0.1%
Net Income $34,857 $294,086 -0.9%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tina Morrill Director 2.50
Director
$0 $0 $0
John Tilton Director 2.50
Director
$0 $0 $0
Kathleen Shane Director 2.50
Director
$0 $0 $0
June Kontio Director 2.50
Director
$0 $0 $0
David Sayers Director 2.50
Director
$0 $0 $0
John Pond Director 2.50
Director
$0 $0 $0
MyMy Ngyen Treasurer 2.50
Officer Director
$0 $0 $0
Edward Marsh Foundation Chair 2.50
Officer Director
$0 $0 $0
Elizabeth Russell President 2.50
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 $388,888 $354,031 $2,370,627 $34,857
2024 $694,801 $400,715 $2,237,709 $294,086
2023 $207,756 $182,878 $1,809,297 $24,878
2022 $272,670 $52,454 $1,733,862 $220,216
2021 $251,884 $128,814 $1,881,754 $123,070
2020 $126,302 $169,576 $1,533,566 $-43,274
2019 $289,140 $193,346 $1,546,871 $95,794
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