MAINE LOBSTERMEN'S ASSOCIATION INC

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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

1991

Legal Domicile

Principal Officer

PATRICE MCCARRON

Phone

2079674555

Tax Period

2025-01-01 to 2025-12-31

MAINE LOBSTERMEN'S ASSOCIATION INC, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $536K in total revenue in fiscal year 2025. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 29 months of operating reserves.

Mission

THE MAINE LOBSTERMEN'S ASSOCIATION (MLA) ADVOCATES FOR A SUSTAINABLE LOBSTER RESOURCE AND THE FISHERMEN AND COMMUNITIES THAT DEPEND ON IT.

Program Service Accomplishments

Program 1

Expenses: $572,411 Revenue: $535,826

ADVOCACY TO SUSTAIN THE LOBSTER RESOURCE AND THE COMMUNITIES THAT DEPEND ON IT. THE MLA PARTICIPATED IN MULTIPLE POLICY ARENAS ON BEHALF OF OUR MEMBERS TO ENSURE A SUSTAINABLE LOBSTER RESOURCE AND...

ADVOCACY TO SUSTAIN THE LOBSTER RESOURCE AND THE COMMUNITIES THAT DEPEND ON IT. THE MLA PARTICIPATED IN MULTIPLE POLICY ARENAS ON BEHALF OF OUR MEMBERS TO ENSURE A SUSTAINABLE LOBSTER RESOURCE AND FISHERY. MLA CONTINUED ITS ADVOCACY IN THE 2ND SESSION OF THE 131ST MAINE LEGISLATURE TO SECURE FUNDING TO REBUILD WORKING WATERFRONTS DEVASTATED BY WINTER STORMS. THE MLA ADVOCATED TO ENSURE REGULATORY PROPOSALS DO NOT NEGATIVELY IMPACT OUR MEMBERS, FOCUSING ON ENSURING WHALE CONSERVATION MEASURES AND LOBSTER CONSERVATION MEASURES BALANCE RESILIENCY OF THE REGULATED SPECIES AND THE FISHERY. MLA CONTINUED ADVOCACY AGAINST OFFSHORE WIND TO PROTECT THE ECOSYSTEM AND FISHERIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $491,881

Program Service Revenue $0

Investment Income $43,945

Other Revenue $0

TOTAL REVENUE $535,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,111

Fundraising Expenses $0

Program Expenses $572,411

Other Expenses $322,300

TOTAL EXPENSES $572,411

Year-over-Year Comparison

	2025	2024	Change
Revenue	$535,826	$909,794	-0.4%
Expenses	$572,411	$620,375	-0.1%
Net Income	$-36,585	$289,419	-1.1%

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

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

$137,462

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TRIPP	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JAMES DOW	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHRIS WELCH	BOARD MEMBER	1.00	Officer	$0	$0	$0
HERMAN COOMBS	BOARD MEMBER	1.00	Officer	$0	$0	$0
JOSHUA BEAL	BOARD MEMBER	1.00	Officer	$0	$0	$0
ADAM GAMAGE	BOARD MEMBER	1.00	Officer	$0	$0	$0
ROBERT BAINES	BOARD MEMBER	1.00	Officer	$0	$0	$0
GERRY CUSHMAN	BOARD MEMBER	1.00	Officer	$0	$0	$0
SONNY BEAL JR	VICE CHAIR	2.00	Officer	$0	$0	$0
TROY PLUMMER	BOARD MEMBER	1.00	Officer	$0	$0	$0
THOMAS WERNER	BOARD MEMBER	1.00	Officer	$0	$0	$0
JASON JOYCE	BOARD MEMBER	1.00	Officer	$0	$0	$0
BOBBY INGALLS	BOARD MEMBER	1.00	Officer	$0	$0	$0
ANDY HAVENER	BOARD MEMBER	1.00	Officer	$0	$0	$0
RICHARD HOWLAND	BOARD MEMBER	1.00	Officer	$0	$0	$0
JAROD BRAY	CHARIMAN	3.00	Officer	$0	$0	$0
JOHN MCCARTHY	BOARD MEMBER	1.00	Officer	$0	$0	$0
BRIAN BILLINGS	BOARD MEMBER	1.00	Officer	$0	$0	$0
SHANNON BUTLER	SECRETARY	30.00	Officer	$0	$0	$0
RALPH CHAUVIN	TREASURER	2.00	Officer	$0	$0	$0
PATRICE MCCARRON	PRESIDENT	30.00	Officer	$137,462	$0	$137,462
JORDAN DROUIN	BOARD MEMBER	1.00	Officer	$0	$0	$0
JACOB KNOWLES	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHRISTIAN LAMONTAGNE	BOARD MEMBER	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	$535,826	$572,411	$1,301,325	$-36,585
2024	No data	No data	No data	No data
2023	$848,091	$822,463	$1,113,891	$25,628
2022	$1,742,154	$1,140,796	$1,075,538	$601,358