MAINE RESOURCE RECOVERY ASSOCIATION

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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

1984

Legal Domicile

Principal Officer

GEORGE BUSWELL

Phone

2073553104

Tax Period

2024-07-01 to 2025-06-30

MAINE RESOURCE RECOVERY ASSOCIATION, founded in 1984, is a small nonprofit in the Environment sector that reported $224K in total revenue in fiscal year 2024.

Mission

TO FOSTER PROFESSIONAL SOLID WASTE MANAGEMENT PRACTICES AND TO FURTHER THE DEVELOPMENT OF RECYCLING AND OTHER FORMS OF RESOURCE RECOVERY.

Program Service Accomplishments

Program 1

Expenses: $202,561

PROVIDE A COST EFFICIENT MEANS FOR MUNICIPALITIES, QUASI-MUNICIPAL ORGANIZATIONS, NON-PROFITS, AND INDIVIDUALS TO DISPOSE OF RECYCLABLE AND REUSABLE MATERIALS. PROVIDE EDUCATION WITH REGARD TO WASTE...

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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 (2024)

Revenue Breakdown

Contributions & Grants $38,181

Program Service Revenue $105,879

Investment Income $11,009

Other Revenue $68,662

TOTAL REVENUE $223,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,232

Fundraising Expenses $0

Program Expenses $202,561

Other Expenses $87,118

TOTAL EXPENSES $218,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,731	$228,091	0.0%
Expenses	$218,350	$206,505	+0.1%
Net Income	$5,381	$21,586	-0.8%

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

$54,674

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR HORTON	EXECUTIVE DI	40.00	Officer	$54,674	$0	$54,674
VANESSA BERRY	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE BUSWELL	PRESIDENT	N/A	Director	$0	$0	$0
MARK DRAPER	DIRECTOR	N/A	Director	$0	$0	$0
ERIC DYER	VICE PRESIDE	N/A	Director	$0	$0	$0
CYNTHIS ISENHOUR	DIRECTOR	N/A	Director	$0	$0	$0
BEA JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
TRAMPAS KING	TREASURER /S	N/A	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
2025	$223,731	$218,350	$586,875	$5,381
2024	$228,091	$206,505	$662,837	$21,586
2023	$238,609	$192,489	$517,411	$46,120
2022	$242,876	$196,023	$773,478	$46,853
2021	$214,235	$142,501	$687,959	$71,734