Jobs for Maine's Graduates Inc

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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

1995

Legal Domicile

Principal Officer

Craig Larrabee

Phone

2076207180

Tax Period

2024-07-01 to 2025-06-30

Jobs for Maine's Graduates Inc, founded in 1995, is a mid-sized nonprofit that reported $19.8M in total revenue in fiscal year 2024. Expenses of $18.0M left a modest 9% surplus.

Mission

To identify students who face barriers to education, and to guide each one on to a successful path toward continued education, a meaningful career, and productive adulthood.

Program Service Accomplishments

Program 1

Expenses: $15,606,299 Revenue: $2,999,243

School-to-work transition and opportunity awareness program provides essential services to at risk Maine students to remain in school, enhance academic performance, graduate, and become gainfully...

School-to-work transition and opportunity awareness program provides essential services to at risk Maine students to remain in school, enhance academic performance, graduate, and become gainfully employed.

Program 2

Expenses: $97,724

The IDA Opportunity Passport Program is a financial literacy and matched savings program that helps youth develop a general understanding about personal finances and goal setting. Youth benefit from matching funds for purchases from the approved categories of housing, education, vehicles, investments, medical expenses, and other categories approved on a case-by-case basis.

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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 $16,544,207

Program Service Revenue $2,999,243

Investment Income $268,963

Other Revenue $0

TOTAL REVENUE $19,812,413

Expense Breakdown

Grants Paid $801,142

Salaries & Benefits $15,115,453

Fundraising Expenses $346,769

Program Expenses $15,704,023

Other Expenses $2,088,641

TOTAL EXPENSES $18,005,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,812,413	$20,730,474	0.0%
Expenses	$18,005,236	$19,265,465	-0.1%
Net Income	$1,807,177	$1,465,009	+0.2%

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

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

211

Volunteers

278

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

$971,409

Total Directors

Key Employees

$738,194

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danielle Ahern	Chair	4.00	Officer Director	$0	$0	$0
Virgel Hammonds	Vice Chair	2.00	Officer Director	$0	$0	$0
Amy Marston	Secretary	2.00	Officer Director	$0	$0	$0
Mike Archer	Treasurer	2.00	Officer Director	$0	$0	$0
Chris Cimino	Director	1.00	Director	$0	$0	$0
Jeremy Fischer	Director	1.00	Director	$0	$0	$0
Ryan Moore	Director	1.00	Director	$0	$0	$0
Kenden Alfond	Director	1.00	Director	$0	$0	$0
David Dorr	Director	1.00	Director	$0	$0	$0
Dan Belyea	Director	1.00	Director	$0	$0	$0
Jennifer O'Leary	Director	1.00	Director	$0	$0	$0
Matt Pouliot	Director	1.00	Director	$0	$0	$0
Johanna Prince	Director	1.00	Director	$0	$0	$0
Tyler Putnam	Director	1.00	Director	$0	$0	$0
Melissa Denbow	Director	1.00	Director	$0	$0	$0
Lisa Larson	Director	1.00	Director	$0	$0	$0
Cari Medd	Director	1.00	Director	$0	$0	$0
Bob Moody	Director	1.00	Director	$0	$0	$0
Cary Olson Cartwright	Director	1.00	Director	$0	$0	$0
Kimberly Simard	Director	1.00	Director	$0	$0	$0
Marry Anne Spearin	Director	1.00	Director	$0	$0	$0
Chris Howell	Director	1.00	Director	$0	$0	$0
Jeanne Sander	Director	1.00	Director	$0	$0	$0
Craig Larrabee	President & CEO	1.00	Officer	$0	$30,291	$385,197
Kim Lipp	Executive Vice President	1.00	Officer	$0	$20,536	$340,117
Greg Johnson	VP - Finance & Administrat	1.00	Officer	$0	$22,617	$246,095
Charity West	VP - Innovation and Develo	1.00	Key Emp	$0	$14,551	$185,915
Jonathan Mason	Chief Strategy Officer	40.00	Key Emp	$211,852	$6,008	$217,860
Mathew St John	COO	40.00	Key Emp	$159,920	$16,060	$175,980
Edward Leeman	VP - Operations	40.00	Key Emp	$152,246	$6,193	$158,439
Jane Golden	VP - Human Resources	40.00	Highest	$165,197	$16,059	$181,256

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	$19,812,413	$18,005,236	$19,883,827	$1,807,177
2024	$20,730,474	$19,265,465	$18,056,665	$1,465,009
2023	$18,237,125	$17,354,299	$17,564,179	$882,826
2022	$14,678,045	$13,362,682	$16,217,336	$1,315,363
2021	$14,136,079	$12,052,847	$14,543,210	$2,083,232
2020	$13,077,714	$11,980,879	$12,511,909	$1,096,835
2019	$13,675,716	$10,823,267	$9,571,674	$2,852,449
2018	$9,821,395	$8,838,858	$7,127,006	$982,537