GENERAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF MAINE INC (EIN 010502306) - 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

THOMAS PEACO

Phone

2075811133

Tax Period

2023-07-01 to 2024-06-30

GENERAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF MAINE INC, founded in 1994, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Net assets of $5.3M represent 58 months of operating reserves.

Mission

To foster relationships among the University of Maine and its Alumni

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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 (2023)

Revenue Breakdown

Contributions & Grants $803,478

Program Service Revenue $218,839

Investment Income $87,565

Other Revenue $-19,345

TOTAL REVENUE $1,090,537

Expense Breakdown

Grants Paid $42,717

Salaries & Benefits $711,250

Fundraising Expenses $97,287

Program Expenses $897,576

Other Expenses $373,844

TOTAL EXPENSES $1,127,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,090,537	$1,077,685	+0.0%
Expenses	$1,127,811	$1,113,098	+0.0%
Net Income	$-37,274	$-35,413	+0.1%

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

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

$122,169

Total Directors

$122,169

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM PEACO	President & CEO	40.00	Officer Director	$122,169	$0	$122,169
CHRISTOPHER FARMER	Director	1.00	Director	$0	$0	$0
TRAVIS NOYES	Director	1.00	Director	$0	$0	$0
TANNER ADAMS	Director	1.00	Director	$0	$0	$0
MARC BOLDUC	Treasurer	1.00	Officer Director	$0	$0	$0
KATIE FOSTER	Director	1.00	Director	$0	$0	$0
JUSTIN BARNES	Director	1.00	Director	$0	$0	$0
ETHAN TREMBLAY	Director	1.00	Director	$0	$0	$0
SARAH GALLANT	Director	1.00	Director	$0	$0	$0
SUSAN BERNIER	Director	1.00	Director	$0	$0	$0
CONNOR BRAY	Director	1.00	Director	$0	$0	$0
IVI NWOSU	Director	1.00	Director	$0	$0	$0
JEFF ROGERS	Director	1.00	Director	$0	$0	$0
ASHLEIGH BRIGGS	Director	1.00	Director	$0	$0	$0
KATHRYN KNIGHT-WISE	Director	1.00	Director	$0	$0	$0
SOPHIA PADDON	Director	1.00	Director	$0	$0	$0
LISA SOCKABASIN	Director	1.00	Director	$0	$0	$0
JOHN SIMPSON	Director	1.00	Director	$0	$0	$0
JASON SOLOMON	Director	1.00	Director	$0	$0	$0
JULIA MUNSEY	Director	1.00	Director	$0	$0	$0
THERESA LEE	Chairman	1.00	Officer Director	$0	$0	$0
MARIE TOBIN	Director	1.00	Director	$0	$0	$0
NATE WILDES	Vice Chair	1.00	Officer Director	$0	$0	$0
CHARLES STANHOPE	Director	1.00	Director	$0	$0	$0
TREY STEWART	Director	1.00	Director	$0	$0	$0
ELIZABETH DOWNING	Director	1.00	Director	$0	$0	$0
JOHN YATES	Director	1.00	Director	$0	$0	$0
UKEME JETER	Director	1.00	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	No data	No data	No data	No data
2024	$1,090,537	$1,127,811	$5,299,602	$-37,274
2023	$1,077,685	$1,113,098	$5,120,557	$-35,413
2022	$1,187,948	$1,146,408	$5,147,484	$41,540
2021	$1,158,820	$975,557	$5,381,410	$183,263
2020	$1,015,499	$1,098,180	$4,855,589	$-82,681
2019	$1,149,051	$1,136,962	$4,864,145	$12,089
2018	$1,148,272	$1,192,640	$4,837,932	$-44,368

GENERAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF MAINE INC