Maine & Company (EIN 010504259) - 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

1996

Legal Domicile

Principal Officer

Peter DelGreco

Phone

2076532798

Tax Period

2024-07-01 to 2025-06-30

Maine & Company, founded in 1996, is a small nonprofit that reported $829K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $769K left a modest 7% surplus.

Mission

Economic development in Maine.

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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 $811,011

Program Service Revenue $0

Investment Income $16,194

Other Revenue $1,680

TOTAL REVENUE $828,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $589,918

Fundraising Expenses $0

Program Expenses $769,228

Other Expenses $179,310

TOTAL EXPENSES $769,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$828,885	$645,161	+0.3%
Expenses	$769,228	$748,065	+0.0%
Net Income	$59,657	$-102,904	-1.6%

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

$208,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tony Perkins	Board Member	1.00	Director	$0	$0	$0
Joseph Purington	Chair	2.00	Officer Director	$0	$0	$0
Robert Montgomery-Rice	Board Member	1.00	Director	$0	$0	$0
Drew Sigfridson	Board Member	1.00	Director	$0	$0	$0
Brian Whitney	Board Member	1.00	Director	$0	$0	$0
Royce Cross	Board Member	1.00	Director	$0	$0	$0
Joan Ferrini-Mundy	Board Member	1.00	Director	$0	$0	$0
Alton Palmer	Board Member	1.00	Director	$0	$0	$0
Ellen Belknap	Treasurer	2.00	Officer Director	$0	$0	$0
David Barry	Board Member	1.00	Director	$0	$0	$0
Elizabeth Ransom	Board Member	1.00	Director	$0	$0	$0
Christian Smith	Board Member	1.00	Director	$0	$0	$0
James Herbert	Board Member	1.00	Director	$0	$0	$0
Carlos Mello	Board Member	1.00	Director	$0	$0	$0
Andrew Mueller	Board Member	1.00	Director	$0	$0	$0
John Flynn	Board Member	1.00	Director	$0	$0	$0
Tony Mckim	Board Member	1.00	Director	$0	$0	$0
Travis Noyes	Board Member	1.00	Director	$0	$0	$0
Colin March	Board Member	1.00	Director	$0	$0	$0
Catherine Duranceau	Board Member	1.00	Director	$0	$0	$0
Scott Anderson	Board Member	1.00	Director	$0	$0	$0
Casey Cramton	Board Member	1.00	Director	$0	$0	$0
Denis Garriepy	Board Member	1.00	Director	$0	$0	$0
Patrick Woodcock	Board Member	1.00	Director	$0	$0	$0
Amy Thompson	Board Member	1.00	Director	$0	$0	$0
Mike Chamberlain	Board Member	1.00	Director	$0	$0	$0
Michael Duguay	Board Member	1.00	Director	$0	$0	$0
Lawrence Wold	Board Member	1.00	Director	$0	$0	$0
Peter Cianchette	Board Member	1.00	Director	$0	$0	$0
Betsy Libby	Board Member	1.00	Director	$0	$0	$0
Katie Foster	Board Member	1.00	Director	$0	$0	$0
Matt Jacobson	Board Member	1.00	Director	$0	$0	$0
Charles Piacentini	Board Member	1.00	Director	$0	$0	$0
Peter DelGreco	President & CEO	40.00	Officer	$182,654	$25,346	$208,000

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	$828,885	$769,228	$469,082	$59,657
2024	$645,161	$748,065	$410,925	$-102,904
2023	$647,071	$613,801	$503,306	$33,270
2022	$628,199	$600,056	$464,139	$28,143
2021	$599,279	$585,398	$575,727	$13,881
2020	$681,250	$679,654	$434,346	$1,596
2019	$632,691	$684,666	$596,204	$-51,975

Maine & Company