Maine Renewable Energy Association (EIN 010491904) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

Steven Zuretti

Phone

2076260730

Tax Period

2025-01-01 to 2025-12-31

Maine Renewable Energy Association, founded in 1994, is a small nonprofit that reported $503K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $622K exceeded revenue, resulting in a 24% operating deficit.

Mission

To associate its members together for their mutual benefit as (1) developers & producers of renewable electric energy, and (2) suppliers of goods & services to such producers.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $490,578

Investment Income $12,401

Other Revenue $0

TOTAL REVENUE $502,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,697

Fundraising Expenses $0

Other Expenses $462,506

TOTAL EXPENSES $622,203

Year-over-Year Comparison

	2025	2024	Change
Revenue	$502,979	$617,975	-0.2%
Expenses	$622,203	$552,747	+0.1%
Net Income	$-119,224	$65,228	-2.8%

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

N/A

Volunteers

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

$159,697

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn Adams	Director	1.00	Director	$0	$0	$0
Henry Barrett	Director (end 4-2025)	1.00	Director	$0	$0	$0
Juliet Browne	Director	1.00	Director	$0	$0	$0
Chris Byers	Director	1.00	Director	$0	$0	$0
Charlie Duprey	Director	1.00	Director	$0	$0	$0
Spencer Egan	Director	1.00	Director	$0	$0	$0
Stacey Fitts	Director	1.00	Director	$0	$0	$0
Aidan Foley	Director	1.00	Director	$0	$0	$0
Parker Hadlock	Director	1.00	Director	$0	$0	$0
Nick Lacasse	Director	1.00	Director	$0	$0	$0
Madeleine Mineau	Director	1.00	Director	$0	$0	$0
Zack Muzdakis	Director	1.00	Director	$0	$0	$0
Audrey Puleio	Director	1.00	Director	$0	$0	$0
Chris Savastano	Director	1.00	Director	$0	$0	$0
Jake Springer	Director	1.00	Director	$0	$0	$0
Dave Wilby	Director	1.00	Director	$0	$0	$0
Paul Williamson	Past President	1.00	Director	$0	$0	$0
Steven Zuretti	President/Director	1.00	Officer Director	$0	$0	$0
Mark Thibodeau	Vice President/Director	1.00	Officer Director	$0	$0	$0
Lindsay Bourgoine	Vice President/Director	1.00	Officer Director	$0	$0	$0
Brendan Malley	Treasurer/Director	1.00	Officer Director	$0	$0	$0
Chris Glynn	Secretary/Director	1.00	Officer Director	$0	$0	$0
Eliza Donoghue	Executive Director	40.00	Officer	$149,697	$10,000	$159,697

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	$502,979	$622,203	$373,747	$-119,224
2024	$617,975	$552,747	$457,784	$65,228
2023	$335,722	$264,806	$392,556	$70,916
2022	$397,860	$281,545	$321,640	$116,315
2021	$388,116	$235,638	$205,325	$152,478
2020	$253,611	$263,567	$52,947	$-9,956
2019	$258,556	$257,333	$99,065	$1,223
2018	$234,070	$231,534	$61,580	$2,536

Maine Renewable Energy Association