MAINE COLLEGE CIRCLE

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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

1992

Legal Domicile

Principal Officer

ROBERT STUART

Phone

2073185400

Tax Period

2023-07-01 to 2024-06-30

MAINE COLLEGE CIRCLE, founded in 1992, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $76K in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. Expenses of $90K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO RAISE EARLY ASPIRATIONS FOR HIGHER EDUCATION AND TO EMPOWER YOUNG STUDENTS IN RURAL MAINE COMMUNITIES TO BUILD A BRIGHTER FUTURE FOR THEMSELVES AND FOR THEIR COMMUNITIES BY PROVIDING EARLY INFORMATION AND INSPIRATION THROUGH WORKSHOPS, SCHOLARSHIPS, AND OTHER EDUCATIONAL INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $16,400

IN PARTNERSHIP WITH COLLEGE STUDENTS, CIVIC ORGANIZATIONS, THE MITCHELL INSTITUTE, LOCAL BUSINESS AND BANKS AND CREDIT UNIONS, MAINE COLLEGE CIRCLE TALKED WITH APPROXIMATELY 1,600 RURAL ELEMENTARY...

IN PARTNERSHIP WITH COLLEGE STUDENTS, CIVIC ORGANIZATIONS, THE MITCHELL INSTITUTE, LOCAL BUSINESS AND BANKS AND CREDIT UNIONS, MAINE COLLEGE CIRCLE TALKED WITH APPROXIMATELY 1,600 RURAL ELEMENTARY AND MIDDLE SCHOOL STUDENTS IN MAINE (THROUGH 66 FUTURE OF MAINE ASPIRATIONS WORKSHOPS) ABOUT THESE STUDENTS' ASPIRATIONS AND THEIR OPPORTUNITIES IN EDUCATION BEYOND HIGH SCHOOL. WE CELEBRATED AND AWARDED 258 FUTURE OF MAINE COLLEGE ASPIRATIONS SCHOLARSHIPS TO STUDENTS IN 43 MAINE ELEMENTARY SCHOOLS. WE ALSO SUPPORTED ASPIRATIONS FAIRS, ONLINE "CONNECTIONS" BETWEEN RURAL MAINE ELEMENTARY SCHOOL STUDENTS AND PROFESSIONALS, THE "MAINE WORD ABOUT COLLEGE" NEWSLETTER WRITTEN BY COLLEGE STUDENTS FOR YOUNG RURAL MAINE STUDENTS, AND WE ARE EXPANDING ASPIRATIONS CIRCLES TO NUTURE EARLY ASPIRATIONS THROUGHOUT GRADES 3-16 AND BEYOND. WE WORKED TO ENGAGE LOCAL HIGH SCHOOL AND COLLEGE STUDENTS, AND COMMUNITY ORGANIZATIONS, IN SUPPORTING EARLY ASPIRATIONS IN THEIR COMMUNITIES. WE ARE CONVINCED THAT DEVELOPING EARLY ASPIRATIONS AND PROMOTING THE VALUE OF EDUATION AND EFFORT ARE THE KEYS TO BUILDING A BRIGHTER FUTURE IN RURAL MAINE COMMUNITIES.

Program 2

Expenses: $8,400

SUPPORTED EDUCATION, ASPIRATIONS, SCHOLARSHIPS AND RELATED YOUTH PROGRAMS IN ECONOMICALLY CHALLENGED COMMUNITIES.

Program 3

ADMINISTERED SCHOLARSHIP GRANTS FROM THE MARY MARTINDELL BEQUEST TO JACKMAN AREA STUDENTS AND TO USM EDUCATION STUDIES STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $57,977

Program Service Revenue $0

Investment Income $17,942

Other Revenue $0

TOTAL REVENUE $75,919

Expense Breakdown

Grants Paid $24,800

Salaries & Benefits $50,326

Fundraising Expenses $0

Program Expenses $24,800

Other Expenses $15,104

TOTAL EXPENSES $90,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,919	$30,146	+1.5%
Expenses	$90,230	$52,452	+0.7%
Net Income	$-14,311	$-22,306	-0.4%

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

$46,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT STUART	DIRECTOR	45.00	Officer	$46,750	$0	$46,750
EMMA BEAULIEU	BOARD MEMBER	0.50	Director	$0	$0	$0
EVAN BESS	BOARD MEMBER	0.50	Director	$0	$0	$0
BAYARD BROKAW	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH CLIFFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
GENEVIEVE DOUGHTY	BOARD MEMBER	0.50	Director	$0	$0	$0
ELLIE GELLERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
NELL HERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ISABELLA JORGENSEN	BOARD MEMBER	0.50	Director	$0	$0	$0
ROXANNA MACGREGOR	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS TRUNDY	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2024	$75,919	$90,230	$812,184	$-14,311
2022	$759,981	$107,441	$848,792	$652,540