NORTHERN MAINE COMMUNITY COLLEGE FOUNDATION (EIN 010416939) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

MICHAEL WILLIAMS

Phone

2077682700

Tax Period

2024-07-01 to 2025-06-30

NORTHERN MAINE COMMUNITY COLLEGE FOUNDATION is a 501(c)(3) with EIN 010416939, based in PRESQUE ISLE, ME. Founded in 1985, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $711,505 in total revenue and $3,890,588 in total expenses, with net assets of $5,484,052.

Mission

THE MISSION OF THE FOUNDATION IS TO HELP NORTHERN MAINE COMMUNITY COLLEGE MEET ITS COMMITMENT TO PROVIDE SUPERIOR EDUCATIONAL OPPORTUNITIES FOR ALL SEGMENTS OF THE COMMUNITY. FOUNDATION BOARD MEMBERS WILL ENHANCE COMMUNITY, ALUMNI AND STUDENT AWARENESS OF THE COLLEGE BY SERVING AS ADVOCATES IN BOTH THE PUBLIC AND PRIVATE SECTORS. FOUNDATION BOARD MEMBERS WILL SECURE CONTRIBUTIONS, PLANNED GIFTS AND DONATIONS; WILL SUPPORT SPECIAL PROJECTS; AND WILL EXERCISE PRUDENT JUDGMENT IN ACCOUNTING FOR, MANAGING AND APPRECIATING MONIES OR PROPERTIES ACQUIRED BY THE FOUNDATION. THE LEADERSHIP OF THE COLLEGE WILL GUIDE FOUNDATION BOARD MEMBERS BY COMMUNICATING PRIORITIES FOR THE DISTRIBUTION OF FUNDS FOR STUDENT SCHOLARSHIPS, INCENTIVE GRANTS, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT AND EDUCATIONAL EQUIPMENT OR FACILITIES. IT IS THE RESPONSIBILITY OF THE FOUNDATION BOARD MEMBERS TO SUPPORT AND FOSTER THE HIGH QUALITY OF THOSE STANDARDS WHICH ARE THE GOAL OF NORTHERN MAINE COMMUNITY COLLEGE.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $151,706

Program Service Revenue $0

Investment Income $544,898

Other Revenue $14,901

TOTAL REVENUE $711,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,837,297

Other Expenses $3,890,588

TOTAL EXPENSES $3,890,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,505	$5,560,243	-0.9%
Expenses	$3,890,588	$1,260,946	+2.1%
Net Income	$-3,179,083	$4,299,297	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$299,475

Total Directors

$422,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA BUCK	PRESIDENT NM	40.00	Officer Director	$0	$0	$152,340
MICHAEL WILLIAMS	TREASURER	40.00	Officer Director	$0	$26,723	$147,135
GRIFFIN GOINS	EXECUTIVE DI	40.00	Director	$0	$21,019	$122,679
SHAWN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOY BARRESI-SAUCIER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG BINSFELD	EX OFFICIO	1.00	Director	$0	$0	$0
MARK BOUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BUSHEY	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
SCOTT CARLIN	DIRECTOR	1.00	Director	$0	$0	$0
AARON CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
GREGG COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE COTE	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD ENGELS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FITZPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
FRED GRANT	DIRECTOR	1.00	Director	$0	$0	$0
JOE CLUKEY II	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA LAHEY	DIRECTOR	1.00	Director	$0	$0	$0
TONY LAHEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GINA LEBLANC-EGGERT	CHAIR	1.00	Officer Director	$0	$0	$0
ISLAKENO MAHABIR	EX OFFICIO	1.00	Director	$0	$0	$0
DOTTIE MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD NADEAU	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN OUELLETTE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY PANGBURN	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE SANDSTROM	DIRECTOR	1.00	Director	$0	$0	$0
MARY SMITH	EX-OFFICIO	1.00	Director	$0	$0	$0
VICKI SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SENATOR TREY STEWART	DIRECTOR	1.00	Director	$0	$0	$0
JANE TOWLE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
ALAN TURNBULL	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA TWEEDIE	DIRECTOR	1.00	Director	$0	$0	$0
CARTER VAILANCOURT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT F WHITE	DIRECTOR	1.00	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	$711,505	$3,890,588	$6,156,619	$-3,179,083
2024	$5,560,243	$1,260,946	$9,583,672	$4,299,297
2023	$542,691	$709,669	$4,234,228	$-166,978
2022	$599,029	$1,429,073	$4,209,666	$-830,044
2021	$1,563,320	$2,229,071	$5,598,611	$-665,751
2021	$1,563,320	$2,229,071	$5,598,611	$-665,751
2020	$3,834,092	$3,393,106	$6,763,188	$440,986
2019	$940,674	$1,556,611	$5,274,391	$-615,937

NORTHERN MAINE COMMUNITY COLLEGE FOUNDATION