Maine International Trade Center

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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

Wade Merritt

Phone

2075417400

Tax Period

2024-07-01 to 2025-06-30

Maine International Trade Center, founded in 1996, is a community nonprofit in the International Affairs sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

To promote the expansion of Maine's economy through increased international trade in goods and services, and related activities.

Program Service Accomplishments

Program 1

Expenses: $696,504 Revenue: $72,714

Trade Missions:Each year the Trade Center organizes a gubernatorial trade mission, as well as smaller trade missions. The trade missions provide one-on-one meetings with potential foreign trade...

Trade Missions:Each year the Trade Center organizes a gubernatorial trade mission, as well as smaller trade missions. The trade missions provide one-on-one meetings with potential foreign trade partners and unique networking opportunities. Trade missions are particularly useful for first time exporters or companies having difficulty expanding into a particular country or market. The Trade Center arranges all details of the missions including transportation, translators, and business meetings.

Program 2

Expenses: $282,240

Technical Assistance & Trade Counseling:The Trade Center assists its members in researching new markets; reviewing trade regulations, tariffs and logistics, and in product sourcing. The Trade...

Technical Assistance & Trade Counseling:The Trade Center assists its members in researching new markets; reviewing trade regulations, tariffs and logistics, and in product sourcing. The Trade Center's staff is committed to providing quality information and practical advice in selecting markets for our members' products and services. There are a number of resources we have available to the public in our Portland Trade Library, and on our website where trade news and current export data is listed. We have extensive internet research capabilities and on-line database services along with internet reference guides that provide our members with timely information on foreign markets.

Program 3

Expenses: $211,397 Revenue: $7,855

Programs and Seminars:The Trade Center's programs are designed to educate Maine companies in all areas of trade. The topics respond to issues of importance to our membership - ranging from the...

Programs and Seminars:The Trade Center's programs are designed to educate Maine companies in all areas of trade. The topics respond to issues of importance to our membership - ranging from the essentials in conducting international business or country/industry-specific regulations, to understanding the state and federal resources that are available for Maine's internationally active business.

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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 $1,806,418

Program Service Revenue $92,789

Investment Income $250

Other Revenue $15,800

TOTAL REVENUE $1,915,257

Expense Breakdown

Grants Paid $593,267

Salaries & Benefits $565,996

Fundraising Expenses $172,609

Program Expenses $1,284,577

Other Expenses $773,180

TOTAL EXPENSES $1,932,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,915,257	$1,934,216	0.0%
Expenses	$1,932,443	$2,069,006	-0.1%
Net Income	$-17,186	$-134,790	-0.9%

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

$196,246

Total Directors