ASSOCIATION OF COMPUTER TECHNOLOGY EDUCA

EIN: 010491710 501(c)(3) Education

GORHAM, ME

Total Revenue
$408,621
Total Expenses
$353,595
Total Assets
$445,306
Net Assets
$406,168
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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
ME
Principal Officer
MICHAEL ARSENAULT
Phone
2072224353
Tax Period
2024-07-01 to 2025-06-30

ASSOCIATION OF COMPUTER TECHNOLOGY EDUCA, founded in 1995, is a small nonprofit in the Education sector that reported $409K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $354K left a modest 13% surplus.

Mission

The Association's mission is to enhance and influence education in Maine through the use of technology.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,000
Program Service Revenue $234,996
Investment Income $29,102
Other Revenue $127,523
TOTAL REVENUE $408,621

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $125,156
Fundraising Expenses $0
Program Expenses $295,585
Other Expenses $222,439
TOTAL EXPENSES $353,595

Year-over-Year Comparison

2024 2023 Change
Revenue $408,621 $269,922 +0.5%
Expenses $353,595 $334,241 +0.1%
Net Income $55,026 $-64,319 -1.9%
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

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Governance

Voting Members
14
Independent Members
14
Employees
1
Volunteers
14

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
5
$102,565
Total Directors
14
$14,724
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Arsenault President 8.00
Officer Director
$0 $0 $0
Jim Morrill Vice President 5.00
Officer Director
$0 $0 $0
Deborah White Secretary 3.00
Officer Director
$0 $0 $0
Scott Nason Treasurer 3.00
Officer Director
$0 $0 $0
Jaime Ela Board Member 1.00
Director
$0 $0 $0
Dennis Kunces Professinal Development 2.00
Director
$595 $0 $595
Rachel Guthrie Newsletter Editor 3.00
Director
$3,100 $0 $3,100
Suzanne Simmons Tech Integrator Representa 1.00
Director
$0 $0 $0
Meghan Lampert METDA Representative 1.00
Director
$0 $0 $0
Cathy Potter MASL Representative 1.00
Director
$0 $0 $0
Amanda Nguyen Conference Co-Chair 5.00
Director
$5,000 $0 $5,000
Alice Barr Conference Co-Chair 5.00
Director
$6,029 $0 $6,029
Cheryl Oakes Board Member 1.00
Director
$0 $0 $0
Crystal Priest Board Member 1.00
Director
$0 $0 $0
Gary Lanoie Executive Director 50.00
Officer
$99,576 $2,989 $102,565
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 $408,621 $353,595 $445,306 $55,026
2024 $269,922 $334,241 $381,956 $-64,319
2023 $339,711 $315,077 $475,032 $24,634
2022 $232,156 $242,818 $431,468 $-10,662
2021 $236,261 $200,868 $468,648 $35,393
2020 $255,781 $251,964 $358,086 $3,817
2019 $268,017 $293,355 $359,818 $-25,338
2018 $300,070 $300,428 $389,698 $-358
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