Biotechnology Association of Maine Bioscience Association of Maine (EIN 010500056) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

Agnieszka Carpenter

Phone

2073072552

Tax Period

2023-07-01 to 2024-06-30

Biotechnology Association of Maine Bioscience Association of Maine is a tax-exempt nonprofit with EIN 010500056, based in Portland, ME. Founded in 1995, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $677,614 in total revenue and $606,228 in total expenses, with net assets of $1,530,459.

Mission

The Bioscience Association of Maine (BAM) is a trade organization which promotes the industry's steady growth and interprets its benefits to the public.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $611,879

Investment Income $65,735

Other Revenue $0

TOTAL REVENUE $677,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,596

Fundraising Expenses $0

Other Expenses $355,632

TOTAL EXPENSES $606,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$677,614	$837,333	-0.2%
Expenses	$606,228	$596,696	+0.0%
Net Income	$71,386	$240,637	-0.7%

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

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

$89,152

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zeynep Turk	President	1.25	Director	$0	$0	$0
David Eagleson	Treasurer	1.25	Director	$0	$0	$0
Tony Perkins	Director	1.25	Director	$0	$0	$0
Dennis Leiner	Vice President	1.25	Director	$0	$0	$0
Gary Goodrich	Director	1.25	Director	$0	$0	$0
Casey Doucette	Secretary	1.25	Director	$0	$0	$0
Anne Breggia	Director	1.25	Director	$0	$0	$0
Fran Harrison	Director	1.25	Director	$0	$0	$0
Kristy Townsend	Director	1.25	Director	$0	$0	$0
Agnieszka Carpenter	Executive Dir.	30.00	Director	$89,152	$0	$89,152
Patrick Breeding	Director	1.25	Director	$0	$0	$0
Stephen Pelsue	Director	1.25	Director	$0	$0	$0
Bethany Fortier	Director	1.25	Director	$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
2024	No data	No data	No data	No data
2024	$677,614	$606,228	$1,590,602	$71,386
2023	$837,333	$596,696	$1,481,817	$240,637
2022	$660,746	$369,696	$1,226,376	$291,050
2021	$501,561	$244,725	$934,347	$256,836
2020	$445,881	$261,204	$671,711	$184,677
2019	$356,635	$135,634	$491,580	$221,001

Biotechnology Association of Maine Bioscience Association of Maine