MAINE LOBSTERMEN'S ASSOCIATION INC

EIN: 010455701 Community Improvement

KENNEBUNK, ME

Total Revenue
$535,826
Total Expenses
$572,411
Total Assets
$1,301,325
Net Assets
$1,288,681
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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
ME
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.

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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%)

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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

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Governance

Voting Members
24
Independent Members
24
Employees
6
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
24
$137,462
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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