ASSOCIATED GENERAL CONTRACTORS OF MAINE EDUCATION FOUNDATION (EIN 010445998) - 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

1989

Legal Domicile

Principal Officer

KELLY FLAGG

Phone

2076224741

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATED GENERAL CONTRACTORS OF MAINE EDUCATION FOUNDATION, founded in 1989, is a micro nonprofit that reported $21K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 147% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR CONSTRUCTION EDUCATIONAL PURPOSES; TO PROVIDE FINANCIAL SUPPORT TO EDUCATIONAL INSTITUTIONS OR IN THE FURTHERANCE OF EDUCATIONAL PURPOSES; TO PROVIDE SCHOLARSHIP AID FOR STUDENTS.

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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 $19,451

Program Service Revenue $0

Investment Income $0

Other Revenue $1,920

TOTAL REVENUE $21,371

Expense Breakdown

Grants Paid $49,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,840

Other Expenses $3,340

TOTAL EXPENSES $52,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,371	$251,568	-0.9%
Expenses	$52,840	$61,965	-0.1%
Net Income	$-31,469	$189,603	-1.2%

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

$129,158

Total Directors

$129,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLAGG KELLY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$12,162	$129,158
ADAMS GLENN	DIRECTOR	1.00	Director	$0	$0	$0
BANCROFT MARK	DIRECTOR	1.00	Director	$0	$0	$0
CIANCHETTE CHARLIE	DIRECTOR	1.00	Director	$0	$0	$0
IBARGUEN MICHELLE	DIRECTOR	1.00	Director	$0	$0	$0
MALONEY DAN	DIRECTOR	1.00	Director	$0	$0	$0
MORRISON ELDON THRU OCT	DIRECTOR	1.00	Director	$0	$0	$0
NAZAROFF DAVID	DIRECTOR	1.00	Director	$0	$0	$0
POULTON WADE	DIRECTOR	1.00	Director	$0	$0	$0
STURTEVANT BETH	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY JACK F III	CHAIR	1.00	Officer Director	$0	$0	$0
OHLER JEFF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LABBE-CORMIER PATTY	TREASURER	1.00	Officer Director	$0	$0	$0
MARKS MATTHEW	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$21,371	$52,840	$1,224,296	$-31,469
2022	$251,568	$61,965	$1,125,602	$189,603
2021	$30,717	$38,966	$1,088,798	$-8,249
2020	$69,930	$32,488	$948,897	$37,442
2019	$281,146	$24,157	$809,982	$256,989
2018	$3,228	$23,396	$470,654	$-20,168

ASSOCIATED GENERAL CONTRACTORS OF MAINE EDUCATION FOUNDATION