Biotechnology Association of Maine Bioscience Association of Maine (EIN 010500056) - 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

1995

Legal Domicile

Principal Officer

Agnieszka Carpenter

Phone

2073072552

Tax Period

2025-01-01 to 2025-12-31

Biotechnology Association of Maine Bioscience Association of Maine, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $676K in total revenue in fiscal year 2025. Revenue surged 61% from the prior year, signaling strong growth momentum. Net assets of $1.6M represent 29 months of operating reserves.

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 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 $578,095

Investment Income $94,411

Other Revenue $3,567

TOTAL REVENUE $676,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,358

Fundraising Expenses $0

Other Expenses $424,941

TOTAL EXPENSES $707,299

Year-over-Year Comparison

	2025	2024	Change
Revenue	$676,073	$420,194	+0.6%
Expenses	$707,299	$299,358	+1.4%
Net Income	$-31,226	$120,836	-1.3%

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

$97,978

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	$97,978	$0	$97,978
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
2025	$676,073	$707,299	$1,630,607	$-31,226
2024	$677,614	$606,228	$1,590,602	$71,386
2024	No data	No data	No data	No data
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