HOSPITALITY MAINE EDUCATION FOUNDATION (EIN 010421242) - 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

1987

Legal Domicile

Principal Officer

MATTHEW LEVIN

Phone

2076232178

Tax Period

2023-01-01 to 2023-12-31

HOSPITALITY MAINE EDUCATION FOUNDATION, founded in 1987, is a small nonprofit in the Unknown sector that reported $340K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $376K exceeded revenue, resulting in a 11% operating deficit.

Mission

HOSPITALITY MAINES FOUNDATION FOCUSED ON EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES FOR THE MAINE RESTAURANT AND INNKEEPER 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 $318,152

Program Service Revenue $13,352

Investment Income $8,762

Other Revenue $0

TOTAL REVENUE $340,266

Expense Breakdown

Grants Paid $12,400

Salaries & Benefits $91,042

Fundraising Expenses $0

Program Expenses $368,493

Other Expenses $272,684

TOTAL EXPENSES $376,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,266	$190,450	+0.8%
Expenses	$376,126	$132,779	+1.8%
Net Income	$-35,860	$57,671	-1.6%

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

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

$115,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA JACOBSON	EXECUTIVE DI	0.30	Officer	$0	$16,234	$115,228
MICHAEL BRIGGS	1ST VICE CHA	0.30	Officer Director	$0	$0	$0
STEVE DIMILLO	DIRECTOR	0.30	Director	$0	$0	$0
TRAVIS FERLAND	DIRECTOR	0.30	Director	$0	$0	$0
MAUREEN LASALLE	CHAIR	0.30	Officer Director	$0	$0	$0
BRIAN LANGLEY	DIRECTOR	0.30	Director	$0	$0	$0
MATTHEW LEVIN	TREASURER	0.30	Officer Director	$0	$0	$0
JEAN GINN MARVIN	DIRECTOR	0.30	Director	$0	$0	$0
DARLENE RATTE	DIRECTOR	0.30	Director	$0	$0	$0
DR LEE SPERONIS	DIRECTOR	0.30	Director	$0	$0	$0
DAVID TURIN	DIRECTOR	0.30	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
2024	No data	No data	No data	No data
2023	$340,266	$376,126	$294,352	$-35,860
2022	$190,450	$132,779	$313,633	$57,671

HOSPITALITY MAINE EDUCATION FOUNDATION