Maine Community Foundation Inc (EIN 010391479) - 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

1983

Legal Domicile

Principal Officer

Deborah Ellwood

Phone

2076679735

Tax Period

2024-01-01 to 2024-12-31

Maine Community Foundation Inc, founded in 1983, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $138.8M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56.5M, a strong 41% operating margin.

Mission

To bring people and resources together to build a better Maine.

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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 $77,106,666

Program Service Revenue $1,286,822

Investment Income $60,408,017

Other Revenue $0

TOTAL REVENUE $138,801,505

Expense Breakdown

Grants Paid $68,027,345

Salaries & Benefits $7,087,017

Fundraising Expenses $3,645,562

Program Expenses $70,864,822

Other Expenses $7,164,439

TOTAL EXPENSES $82,278,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,801,505	$108,670,378	+0.3%
Expenses	$82,278,801	$72,289,614	+0.1%
Net Income	$56,522,704	$36,380,764	+0.6%

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

450

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

$1,637,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Armentrout	Director	1.00	Director	$0	$0	$0
Brian Bernatchez	Director	1.00	Director	$0	$0	$0
D Gregg Collins	Director (end 6/2024)	1.00	Director	$0	$0	$0
Timothy Crowley	Director (end 6/2024)	1.00	Director	$0	$0	$0
Scot Drager	Director (start 6/2024)	1.00	Director	$0	$0	$0
Matthew P DuBois	Director (end 5/2024)	1.00	Director	$0	$0	$0
Martha Dumont	Director (end 6/2024)	1.00	Director	$0	$0	$0
Susan Hammond	Director	1.00	Director	$0	$0	$0
Mark Howard	Director	1.00	Director	$0	$0	$0
Deborah A Jordan	Director (end 6/2024)	1.00	Director	$0	$0	$0
Ingrid Kiefer	Director (start 6/2024)	1.00	Director	$0	$0	$0
Amber Lambke	Director	1.00	Director	$0	$0	$0
Julie Mallet	Director	1.00	Director	$0	$0	$0
Brooke Parish	Director	1.00	Director	$0	$0	$0
Joan Lili Pew	Director	1.00	Director	$0	$0	$0
Alistair Raymond	Director (start 6/2024)	1.00	Director	$0	$0	$0
Ray Rice	Director (start 6/2024)	1.00	Director	$0	$0	$0
Claude Rwaganje	Director	1.00	Director	$0	$0	$0
Tihtiyas Sabattus	Director	1.00	Director	$0	$0	$0
Shawn Yardley	Director	1.00	Director	$0	$0	$0
Adilah Muhammad	Chair/Director	5.00	Officer Director	$0	$0	$0
Benjamin Sprague	Vice Chair/Director	1.00	Officer Director	$0	$0	$0
Jennifer Richard	Clerk; Director of Gift Planning	37.50	Officer	$122,163	$32,887	$155,050
Emily Baer	Secretary/Asst. to Pres. (end 5/24)	37.50	Officer	$32,768	$6,598	$39,366
Deborah Ellwood	President/CEO/Ex Officio	50.00	Officer	$333,904	$32,435	$366,339
Michele Camarco	Treasurer/VP, CFO (end 10/2024)	50.00	Officer	$188,011	$26,411	$214,422
Brendon Reay	Treasurer/VP, CFO/CIO	50.00	Officer	$232,603	$17,076	$249,679
Laura Lee	VP, Community Impact	50.00	Officer	$164,950	$37,118	$202,068
Bree Arsenault	VP, Philanthropy	50.00	Officer	$188,559	$26,210	$214,769
Rebecca Yturregui	VP, Donor Engagement	50.00	Officer	$171,904	$24,364	$196,268
Elena Sulima	Director of Finance	37.50	Highest	$130,158	$34,213	$164,371
Matthew Grondin	Director of Communications/Marketing	37.50	Highest	$127,693	$14,478	$142,171
Liana Kingsbury	Director of Non-Profit Agency Funds	37.50	Highest	$120,211	$24,646	$144,857
Colby Tucker	Director of Information Technology	37.50	Highest	$116,077	$30,091	$146,168
Laura Reed	Director, Resources/Cmnty Engagement	37.50	Highest	$111,692	$32,405	$144,097

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	$138,801,505	$82,278,801	$807,558,442	$56,522,704
2023	$108,670,378	$72,289,614	$732,240,535	$36,380,764
2022	$52,365,869	$66,170,535	$660,555,891	$-13,804,666
2021	$98,048,575	$54,618,819	$775,677,002	$43,429,756
2020	$58,485,060	$52,568,495	$669,883,900	$5,916,565
2019	$41,862,877	$44,188,042	$582,360,771	$-2,325,165
2018	$60,385,854	$41,937,720	$515,385,286	$18,448,134

Maine Community Foundation Inc