GENERAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF MAINE INC

EIN: 010502306 501(c)(3) Education

ORONO, ME

Total Revenue
$1,090,537
Total Expenses
$1,127,811
Total Assets
$5,299,602
Net Assets
$5,250,943
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
ME
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

We represent the interests of all Alumni who share the common bond of having attended the University. We represent their thinking and their expectations to the University's leadership, to the student community, and to the residents and elected officials of Maine.

Program Service Accomplishments

Program 1
Expenses: $824,370 Revenue: $960,425

UM Alumni Association promotes the University's presence and maintains contacts with Alumni; encourages awareness of the University's role in the community and the goals of higher education. Serves...

Read more

UM Alumni Association promotes the University's presence and maintains contacts with Alumni; encourages awareness of the University's role in the community and the goals of higher education. Serves all Alumni of the University of Maine.

Program 2
Expenses: $73,206 Revenue: $75,220

UM Alumni class funds maintain contacts with Alumni and provide various services for Alumni of the University of Maine.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
27
Independent Members
27
Employees
9
Volunteers
50

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
4
$122,169
Total Directors
28
$122,169
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Maine →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GENERAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF MAINE INC with other nonprofits in Maine and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.