MAINE ADULT EDUCATION ASSOCIATION

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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

1978

Legal Domicile

Principal Officer

SHIRLEY WRIGHT

Phone

2078748155

Tax Period

2024-07-01 to 2025-06-30

MAINE ADULT EDUCATION ASSOCIATION, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $179K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 18% operating margin.

Mission

Foster and Develop Adult Education.

Program Service Accomplishments

Program 1

Expenses: $92,441

FOSTERED ADULT EDUCATION ACTIVITES IN THE STATE OF MAINE. PROGRMAS INCLUDED HIGH SCHOOL COMPLETION, LITERACY FAMILY LITERACY, COLLEGE TRANSITIONS, BUSINESS AND SKILLS TRAINING AND PERSONAL...

FOSTERED ADULT EDUCATION ACTIVITES IN THE STATE OF MAINE. PROGRMAS INCLUDED HIGH SCHOOL COMPLETION, LITERACY FAMILY LITERACY, COLLEGE TRANSITIONS, BUSINESS AND SKILLS TRAINING AND PERSONAL ENRICHMENT. THE ASSOCITION MAINTAINED A WEB PORTAL WHICH ESSENTIALLY CREATES AN INDIVIDUAL WEBSITE FOR EACH MEMBER ADULT EDUCATION PROGRAM IN THE STATE OF MAINE. THE ASSOCIATIONS OTHER PROGRAMS INCLUDED PROMOTING COMMUNICATION AND NETWORKING AMONG MEMBERS AND OTHER MAINE EDUCATORS INCLUSIVE OF OUR CONFERENCE AND SEMINARSADVOCATING FOR CONTINUING EDUCATION OPPORTUNITIES AND EDUCATION LAWMAKERS ADVOCATING FOR THE DEVELOPMENT AND IMPROVEMENT OF THE QUALITY OF ADULT AND COMMUNITY EDUCATION AVAILABLE IN MAINE PROMOTING AND ENCOURAGING PROFESSIONAL DEVELOPMENT AMOUNG ADULT EDUCATORS PROVIDING A LIMITED NUMBER OF SCHOLARSHIPS TO INDIVIDUALS AND ADULT EDUCATION PROGRAMS.

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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 $59,350

Program Service Revenue $112,746

Investment Income $6,636

Other Revenue $415

TOTAL REVENUE $179,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,899

Fundraising Expenses $4,888

Program Expenses $92,441

Other Expenses $97,958

TOTAL EXPENSES $146,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,147	$114,071	+0.6%
Expenses	$146,857	$155,263	-0.1%
Net Income	$32,290	$-41,192	-1.8%

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

Total Directors

Key Employees

$44,659

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHIRLEY WRIGHT	EXECUTIVE DIRECTOR	020.00	Key Emp Highest	$44,659	$0	$44,659
Razell Ward	Board Member	001.00	Director	$0	$0	$0
Shara Page	Board Member	001.00	Director	$0	$0	$0
Kenlyn Clark	Board Member	001.00	Director	$0	$0	$0
KAYLA SIKORA	President	001.00	Officer Director	$0	$0	$0
Jeremy Lehan	Treasurer	001.00	Officer Director	$0	$0	$0
Shelli Pride	BOARD MEMBER	001.00	Director	$0	$0	$0
Dawn Wheeler	BOARD MEMBER	001.00	Director	$0	$0	$0
Lisa Robertson	Past President	004.00	Officer Director	$0	$0	$0
Jeanne Mac Donald Johnson	Board Member	001.00	Director	$0	$0	$0
Tina Christophersen	BOARD MEMBER	001.00	Director	$0	$0	$0
Josh McNaughton	BOARD MEMBER	001.00	Director	$0	$0	$0
Rebecca Cross	BOARD MEMBER	001.00	Director	$0	$0	$0
Ander Thebaud	Board Member	001.00	Director	$0	$0	$0
Courtney Michaud	Board Member	001.00	Director	$0	$0	$0
Rachelle Leonard	Board Member	001.00	Director	$0	$0	$0
Tom Nash	Board Member	001.00	Director	$0	$0	$0
Megan Dichter	Board Member	001.00		$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	$179,147	$146,857	$250,858	$32,290
2024	$114,071	$155,263	$230,178	$-41,192
2023	$222,691	$156,266	$286,216	$66,425
2022	$101,198	$114,746	$239,131	$-13,548
2021	$142,062	$114,514	$220,629	$27,548
2020	$138,698	$151,805	$181,230	$-13,107