Maine & Company (EIN 010504259) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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

2023-07-01 to 2024-06-30

Maine & Company is a tax-exempt nonprofit with EIN 010504259, based in Portland, ME. Founded in 1996, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $645,161 in total revenue and $748,065 in total expenses, with net assets of $394,402.

Mission

Economic development in Maine.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $629,469

Program Service Revenue $0

Investment Income $15,161

Other Revenue $531

TOTAL REVENUE $645,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,593

Fundraising Expenses $0

Program Expenses $748,065

Other Expenses $197,472

TOTAL EXPENSES $748,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$645,161	$647,071	0.0%
Expenses	$748,065	$613,801	+0.2%
Net Income	$-102,904	$33,270	-4.1%

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

N/A

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

$191,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Vigue	Vice Chair	2.00	Officer Director	$0	$0	$0
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
David Austin	Board Member	1.00	Director	$0	$0	$0
Royce Cross	Board Member	1.00	Director	$0	$0	$0
Heather Johnson	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
Dannel Malloy	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
Fay Rotenberg	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
Larry Wold	Board Member	1.00	Director	$0	$0	$0
Umberto Speranza	Board Member	1.00	Director	$0	$0	$0
Peter DelGreco	President & CEO	40.00	Officer	$165,500	$25,500	$191,000

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
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