Maine Dairy Promotion Board (EIN 010507505) - 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

1953

Legal Domicile

Principal Officer

Sarah Littlefield

Phone

2075309043

Tax Period

2024-01-01 to 2024-12-31

Maine Dairy Promotion Board is a tax-exempt nonprofit with EIN 010507505, based in Augusta, ME. Founded in 1953, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $566,514 in total revenue and $555,611 in total expenses, with net assets of $294,130.

Mission

The Maine Dairy Promotion Board is a non-profit, USDA qualified, dairy checkoff organization. Maine Dairy Promotion Board operates on behalf of the US and Maine dairyu farmers to drive increase sales and demand.

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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 (2024)

Revenue Breakdown

Contributions & Grants $135,200

Program Service Revenue $431,019

Investment Income $0

Other Revenue $295

TOTAL REVENUE $566,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,296

Fundraising Expenses $0

Program Expenses $555,611

Other Expenses $365,315

TOTAL EXPENSES $555,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$566,514	$566,801	0.0%
Expenses	$555,611	$549,788	+0.0%
Net Income	$10,903	$17,013	-0.4%

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

$78,453

Total Directors

$1,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Littlefield	Executive Director	020.00	Officer	$77,853	$0	$77,853
Teresa Hardy	Treasurer	005.00	Officer Director	$600	$0	$600
Elizabeth Bullard	Board Member	001.00	Director	$600	$0	$600
Heath Miller	Chair	005.00	Officer Director	$0	$0	$0
Patricia Henderson	Board Member	001.00	Director	$0	$0	$0
Julie-Marie Bickford	Board Member	001.00	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	$566,514	$555,611	$326,742	$10,903
2023	$566,801	$537,599	$372,588	$29,202
2022	$574,167	$549,788	$343,200	$24,379
2021	$575,846	$545,030	$298,697	$30,816
2020	$593,697	$598,160	$257,984	$-4,463
2019	$620,341	$588,901	$286,801	$31,440
2018	$616,795	$574,925	$235,466	$41,870

Maine Dairy Promotion Board