UNIVERSITY OF MAINE AT FORT KENT FOUNDATION (EIN 010469196) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

DEBORAH HEEDEN

Phone

2078347800

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF MAINE AT FORT KENT FOUNDATION is a 501(c)(3) with EIN 010469196, based in FORT KENT, ME. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $578,570 in total revenue and $304,815 in total expenses, with net assets of $4,145,769.

Mission

SCHOLARSHIPS PROVIDED TO UNIVERSITY STUDENTS AND GRANTS PROVIDED TO THE UNIVERSITY OF MAINE AT FORT KENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $429,713

Program Service Revenue $0

Investment Income $148,857

Other Revenue $0

TOTAL REVENUE $578,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $302,655

Other Expenses $304,815

TOTAL EXPENSES $304,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$578,570	$693,988	-0.2%
Expenses	$304,815	$509,332	-0.4%
Net Income	$273,755	$184,656	+0.5%

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

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
MARISSA ALBERT	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BIRDEN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BOUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON CARTER	DIRECTOR	1.00	Director	$0	$0	$0
STEPH CHICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER DESJARDINS	DIRECTOR	1.00	Director	$0	$0	$0
AUBREY SEIGEL EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
CINDY ELLWOOD	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE FORINO	DIRECTOR	1.00	Director	$0	$0	$0
LEA FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLE JANDREAU	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SONYA LEBOEUF	DIRECTOR	1.00	Director	$0	$0	$0
MORIA MARQUIS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE NADEAU	DIRECTOR	1.00	Director	$0	$0	$0
AMBER RANKINE	DIRECTOR	1.00	Director	$0	$0	$0
ERICKA SAUCIER	DIRECTOR	1.00	Director	$0	$0	$0
LEE THERIAULT	DIRECTOR	1.00	Director	$0	$0	$0
KERRY VOISINE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH HEEDEN	EXECUTIVE DI	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
2024	$578,570	$304,815	$4,145,769	$273,755
2023	$693,988	$509,332	$3,584,358	$184,656
2022	$670,506	$249,245	$3,220,790	$421,261
2021	$256,393	$128,744	$3,362,451	$127,649
2020	$232,184	$136,949	$2,680,211	$95,235
2019	$392,147	$160,728	$2,646,275	$231,419

UNIVERSITY OF MAINE AT FORT KENT FOUNDATION