MAINE AQUACULTURE INNOVATION CENTER (EIN 010467869) - 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

1988

Legal Domicile

Principal Officer

ANNE LANGSTON NOLL

Tax Period

2024-07-01 to 2025-06-30

MAINE AQUACULTURE INNOVATION CENTER, founded in 1988, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 43% operating margin.

Mission

TO STRENGTHEN THE COMPETITIVE POSITION ON THE DEVELOPMENT AND COMMERCIALIZATION OF NEW MARKETABLE SPECIES OF FINFISH, SHELLFISH AND SEA VEGETABLES BY DEVELOPING TECHNOLOGY TO LOWER INDUSTRY COST. ALSO PROVIDING EDUCATION.

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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 $2,344,425

Program Service Revenue $36,854

Investment Income $71,658

Other Revenue $3,916

TOTAL REVENUE $2,456,853

Expense Breakdown

Grants Paid $180,734

Salaries & Benefits $472,740

Fundraising Expenses $37,021

Program Expenses $1,199,356

Other Expenses $736,773

TOTAL EXPENSES $1,390,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,456,853	$1,089,928	+1.3%
Expenses	$1,390,247	$1,080,711	+0.3%
Net Income	$1,066,606	$9,217	+114.7%

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

$111,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN BEAL PHD	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG LAMBERT	TREASURER	1.00	Officer Director	$0	$0	$0
SEBASTIAN BELLE	DIRECTOR	1.00	Director	$0	$0	$0
DAMIAN BRADY	DIRECTOR	1.00	Director	$0	$0	$0
CARTER NEWELL PHD	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH BOUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
GEF FLIMLIN	DIRECTOR	1.00	Director	$0	$0	$0
SARA RADAMAKER	DIRECTOR	1.00	Director	$0	$0	$0
AURORA BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
MARCY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA GAIERO	DIRECTOR	1.00	Director	$0	$0	$0
ANNE LANGSTON NOLL	EXECUTIVE DIRECTOR	40.00	Officer	$111,063	$0	$111,063

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	$2,456,853	$1,390,247	$4,139,306	$1,066,606
2024	$1,089,928	$1,080,711	$3,063,218	$9,217
2023	$1,752,040	$988,467	$3,054,001	$763,573
2022	$484,359	$506,184	$2,290,428	$-21,825
2021	$1,578,713	$495,639	$2,317,206	$1,083,074
2020	$433,247	$356,681	$1,247,797	$76,566
2019	$476,049	$395,486	$1,186,758	$80,563

MAINE AQUACULTURE INNOVATION CENTER