LAKE STEWARDS OF MAINE - MAINE VOLUNTEER LAKE MONITORING PROGRAM

EIN: 010502630 501(c)(3) Environment

AUBURN, ME

Total Revenue
$506,329
Total Expenses
$758,117
Total Assets
$658,802
Net Assets
$616,027
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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
ME
Principal Officer
BARBARA WELCH
Phone
2077837733
Tax Period
2024-01-01 to 2024-12-31

LAKE STEWARDS OF MAINE - MAINE VOLUNTEER LAKE MONITORING PROGRAM, founded in 1995, is a small nonprofit in the Environment sector that reported $506K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $758K exceeded revenue, resulting in a 50% operating deficit.

Mission

FACILITATE THE COLLECTION AND QUALITY ASSURANCE OF LAKE MONITORING DATA GATHERED FROM OVER 500 STATE OF MAINE LAKES

Program Service Accomplishments

Program 1
Expenses: $579,822 Revenue: $506,329

FACILITATE THE COLLECTION AND QUALITY ASSURANCE OF LAKE MONITORING DATA GATHERED FROM OVER 500 STATE OF MAINE LAKES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $470,893
Program Service Revenue $17,945
Investment Income $17,735
Other Revenue $-244
TOTAL REVENUE $506,329

Expense Breakdown

Grants Paid $0
Salaries & Benefits $528,896
Fundraising Expenses $102,486
Program Expenses $579,822
Other Expenses $229,221
TOTAL EXPENSES $758,117

Year-over-Year Comparison

2024 2023 Change
Revenue $506,329 $666,473 -0.2%
Expenses $758,117 $586,899 +0.3%
Net Income $-251,788 $79,574 -4.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
8
Volunteers
1200

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
3
$0
Total Directors
7
$88,730
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARABARA WELCH PRESIDENT 3.00
Officer Director
$0 $0 $0
LINDA BACON VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
SIBYL FRENCH TREASURER 3.00
Officer Director
$0 $0 $0
ROBERT FRENCH DIRECTOR 2.00
Director
$0 $0 $0
JOE MUSANTE DIRECTOR 2.00
Director
$0 $0 $0
ALISON COONEY EXECUTIVE DIRECTOR 40.00
Director
$88,730 $0 $88,730
KATHY HOPPE DIRECTOR 2.00
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
2024 $506,329 $758,117 $658,802 $-251,788
2023 $666,473 $586,899 $907,887 $79,574
2022 $752,026 $655,189 $829,247 $96,837
2021 $581,322 $505,531 $737,517 $75,791
2020 $541,540 $488,420 $667,941 $53,120
2019 $677,044 $491,687 $618,793 $185,357
2018 $482,259 $480,614 $437,700 $1,645
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