Maine National Guard Foundation Fund (EIN 010450803) - 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

1990

Legal Domicile

Principal Officer

Howard Gooldrup

Phone

2074305756

Tax Period

2023-10-01 to 2024-09-30

Maine National Guard Foundation Fund, founded in 1990, is a micro nonprofit that reported $48K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $78K exceeded revenue, resulting in a 64% operating deficit.

Mission

To provide emergency assistance and services to military personnel and their families

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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 $47,656

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $47,659

Expense Breakdown

Grants Paid $58,752

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,452

Other Expenses $19,408

TOTAL EXPENSES $78,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,659	$29,044	+0.6%
Expenses	$78,160	$71,123	+0.1%
Net Income	$-30,501	$-42,079	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Howard Gooldrup	President	2.00	Officer Director	$0	$0	$0
Kevin Marcotte	Treasurer	2.00	Officer Director	$0	$0	$0
Sean Farrell	Secretary	10.00	Officer Director	$0	$0	$0
Kristin York	Director	2.00	Director	$0	$0	$0
Gerald Doyon	Director	2.00	Director	$0	$0	$0
Drew Matlins	Vice President	2.00	Director	$0	$0	$0
Nick Girardin	Director	2.00	Director	$0	$0	$0
Melissa Weymouth	Director	2.00	Director	$0	$0	$0
Kemeel Farag	Director	2.00	Director	$0	$0	$0
Shawn McMoarn	Director	2.00	Director	$0	$0	$0
Aaron Brown	Director	2.00	Director	$0	$0	$0
Kyle Bartman	Director	2.00	Director	$0	$0	$0
Michelle Ouelette	Alt. Treasurer	2.00	Director	$0	$0	$0
Matt Morneault	Director	2.00	Director	$0	$0	$0
Michael O'Brien	Director	2.00	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
2024	$47,659	$78,160	No data	$-30,501
2023	$29,044	$71,123	No data	$-42,079
2022	$44,369	$110,279	No data	$-65,910
2021	$38,346	$69,661	$154,752	$-31,315
2020	$53,122	$122,606	$232,935	$-69,484
2019	$3,818	$155,107	$289,395	$-151,289

Maine National Guard Foundation Fund