CENTRAL MAINE REAL ESTATE MANAGEMENT CORP (EIN 010387674) - 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

1982

Legal Domicile

Principal Officer

STEVE LITTLESON

Phone

2077952813

Tax Period

2022-07-01 to 2023-06-30

CENTRAL MAINE REAL ESTATE MANAGEMENT CORP, founded in 1982, is a micro nonprofit that reported $15K in total revenue in fiscal year 2022. Revenue surged 45506% from the prior year, signaling strong growth momentum. Expenses of $304K exceeded revenue, resulting in a 1986% operating deficit.

Mission

CENTRAL MAINE REAL ESTATE MANAGEMENT CORP OWNS AND MANAGES A VARIETY OF REAL ESTATE PROPERTIES ON BEHALF OF CENTRAL MAINE MEDICAL CENTER AND OTHER RELATED ENTITIES.

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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 $0

Program Service Revenue $646

Investment Income $0

Other Revenue $13,948

TOTAL REVENUE $14,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $304,483

TOTAL EXPENSES $304,483

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,594	$32	+455.1%
Expenses	$304,483	$325,237	-0.1%
Net Income	$-289,889	$-325,205	-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

N/A

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

$1,590,252

Total Directors

$1,786,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN ALBERT	VICE CHAIR	1.00	Director	$0	$0	$0
MARNEY CHALMERS	DIRECTOR	1.00	Director	$0	$0	$0
ANN CONNELLY	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
DEVORE CULVER	CHAIR PERSON/ DIRECTOR	1.00	Director	$0	$0	$0
SHANNON GAUVIN	DIRECTOR	1.00	Director	$0	$0	$0
JOLAN IPPOLITO	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
JANET HALL KOSKI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCANUFF	DIRECTOR	1.00	Director	$0	$0	$0
LAURENCE MERLIS	DIRECTOR	1.00	Director	$0	$0	$0
SHERWOOD MOODY	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
LINDA PEPIN	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS SILVERMAN	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY SWIFT	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WEBB	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LITTLESON	PRESIDENT/DIRECTOR	3.00	Officer Director	$0	$80,951	$1,041,891
DAVID SALKO	PHYSICIAN/DIRECTOR	3.00	Director	$0	$31,577	$378,155
HECTOR TARRAZA	PHYSICIAN/DIRECTOR	3.00	Director	$0	$2,697	$366,329
DAVID PAULOSKY	TREASURER	3.00	Officer	$0	$25,982	$317,434
ELIZABETH SHEW	SECRETARY	3.00	Officer	$0	$31,070	$230,927

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	$14,594	$304,483	$1,626,862	$-289,889
2022	$32	$325,237	$1,570,143	$-325,205
2021	$27,510	$272,813	$1,493,445	$-245,303
2020	$24,472	$232,533	$1,503,393	$-208,061
2019	$71,663	$250,325	$2,569,169	$-178,662
2018	$71,519	$235,652	$1,550,681	$-164,133

CENTRAL MAINE REAL ESTATE MANAGEMENT CORP