MAINE MUSEUM OF INNOVATION LEARNING AND LABOR (EIN 010504257) - 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

RACHEL FERRANTE

Phone

2073333881

Tax Period

2024-01-01 to 2024-12-31

MAINE MUSEUM OF INNOVATION LEARNING AND LABOR, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 81% operating margin.

Mission

MAINE MILL'S MISSION IS TO CELEBRATE THE TOLD AND UNTOLD STORIES OF WORKERS TO FOSTER COMMUNITY CONNECTIONS AND INSPIRE FUTURE CREATIVITY AND INGENUITY. THE MUSEUM'S VISION IS TO BE A CULTURAL HUB THAT FUELS THE DREAMS OF TOMORROW.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,432,007

Program Service Revenue $9,341

Investment Income $87,508

Other Revenue $24,407

TOTAL REVENUE $1,553,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,055

Fundraising Expenses $74,807

Program Expenses $174,919

Other Expenses $118,526

TOTAL EXPENSES $298,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,553,263	$1,547,371	+0.0%
Expenses	$298,581	$301,081	0.0%
Net Income	$1,254,682	$1,246,290	+0.0%

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

$103,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLIOTT EPSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CALLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CAMELIO	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE GENDRON	DIRECTOR	1.00	Director	$0	$0	$0
EDOUARD PLOURDE	DIRECTOR	1.00	Director	$0	$0	$0
CARL SHELINE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RANCOURT	CHAIR	1.00	Officer Director	$0	$0	$0
VICTORIA STANTON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SIMON HEBERT	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MALLOY	SECRETARY	1.00	Officer Director	$0	$0	$0
MELISSA HUE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN TAYLOR-CHIARELLO	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA ASEN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HARMON	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL FERRANTE	EXECUTIVE DIRECTOR	40.00	Officer	$102,000	$1,167	$103,167

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	$1,553,263	$298,581	$4,954,291	$1,254,682
2023	$1,547,371	$301,081	$7,420,322	$1,246,290
2022	$791,829	$266,219	$6,171,436	$525,610
2021	$3,502,346	$219,240	$5,817,264	$3,283,106
2020	$237,041	$214,626	$2,423,683	$22,415
2020	$237,041	$214,626	$2,423,683	$22,415
2019	$274,240	$253,967	$2,324,105	$20,273
2018	$115,643	$287,218	$2,184,283	$-171,575

MAINE MUSEUM OF INNOVATION LEARNING AND LABOR