Maine Island Trail Association (EIN 010478709) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

Ben Dougherty

Phone

2077618225

Tax Period

2023-10-01 to 2024-09-30

Maine Island Trail Association is a 501(c)(3) with EIN 010478709, based in Portland, ME. Founded in 1993, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,383,008 in total revenue and $1,510,701 in total expenses, with net assets of $2,636,897.

Mission

To steward and maintain Maine's coastal islands and educate users.

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Trantor Score

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,274,812

Program Service Revenue $59,130

Investment Income $49,066

Other Revenue $0

TOTAL REVENUE $1,383,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $920,859

Fundraising Expenses $276,891

Program Expenses $1,127,488

Other Expenses $589,842

TOTAL EXPENSES $1,510,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,383,008	$1,471,331	-0.1%
Expenses	$1,510,701	$1,361,398	+0.1%
Net Income	$-127,693	$109,933	-2.2%

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

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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

1000

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

$127,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rob Nichols	Trustee	1.00	Director	$0	$0	$0
Meghan Stasz	Secretary	2.00	Officer Director	$0	$0	$0
Jeff Skaggs	Treasurer	2.00	Officer Director	$0	$0	$0
Nick Battista	Trustee	1.00	Director	$0	$0	$0
Nancy Egan	Chair	1.00	Officer Director	$0	$0	$0
Janet Dooley	Trustee	1.00	Director	$0	$0	$0
Kim True	Trustee	1.00	Director	$0	$0	$0
John O'Meara	Trustee	1.00	Director	$0	$0	$0
Fiona Gordon	Trustee	1.00	Director	$0	$0	$0
Janet Robinson	Trustee	1.00	Director	$0	$0	$0
Tim Record	Trustee	1.00	Director	$0	$0	$0
Victor Otley	Vice Chair	1.00	Officer Director	$0	$0	$0
Maureen Lafferty	Trustee	1.00	Director	$0	$0	$0
Eric Marshall	Trustee	1.00	Director	$0	$0	$0
Sam Reiche	Trustee	1.00	Director	$0	$0	$0
Rex Turner	Trustee	1.00	Director	$0	$0	$0
Mark Weber	Trustee	1.00	Director	$0	$0	$0
Kate Wilkinson	Trustee	1.00	Director	$0	$0	$0
Katherine Pope	Trustee	1.00	Director	$0	$0	$0
Douglas Welch	Executive Director	40.00	Officer	$114,650	$12,700	$127,350

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	$1,383,008	$1,510,701	$3,138,268	$-127,693
2023	$1,471,331	$1,361,398	$2,857,782	$109,933
2022	$1,392,941	$1,208,980	$2,518,198	$183,961
2021	$1,171,907	$1,033,205	$2,260,128	$138,702
2020	$945,085	$963,650	$1,969,107	$-18,565
2019	$895,212	$857,167	$1,709,927	$38,045
2018	$865,959	$826,077	$1,665,044	$39,882

Maine Island Trail Association