PORTLAND, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MAINE CENTER FOR ENTERPRISE DEVELOPMENT DBA MAINE CENTER FOR ENTREPRENEURS, founded in 1997, is a community nonprofit in the Unknown sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.
TO CREATE HIGH QUALITY JOBS FOR MAINE THROUGH BEST PRACTICE INCUBATIONS SERVICES THAT SYSTEMATICALLY ASSIST NEW BUSINESSES WITH INTELLECTUAL PROPERTY AND BUSINESS PLAN NEEDS, R&D ACTIVITIES, EARLY STAGE FINANCING AND PRODUCT COMMERCIALIZATION.
MARKETSHARE IS THE MOST EXPENSIVE MCE PROGRAM, WITH 2023 EXPENSES TOTALING $213,100.56 AND 28 CLIENT COMPANIES ENROLLED. A PROGRAM DESIGNED FOR MATURE MAINE-BASED FOOD AND BEVERAGE COMPANIES LOOKING...
MARKETSHARE IS THE MOST EXPENSIVE MCE PROGRAM, WITH 2023 EXPENSES TOTALING $213,100.56 AND 28 CLIENT COMPANIES ENROLLED. A PROGRAM DESIGNED FOR MATURE MAINE-BASED FOOD AND BEVERAGE COMPANIES LOOKING TO AGGRESSIVELY EXPAND DISTRIBUTION REGIONALLY AND NATIONALLY, MCE ENGAGES A TEAM OF SUBJECT MATTER EXPERTS TO WORK WITH EACH COMPANY TO PERFORM MARKETING ASSESSMENTS AND IDENTIFY GROWTH PLANS. MEMBER COMPANIES HAD REGULAR MONTHLY TO BI-MONTHLY WORKING AND TRACKING MEETINGS WITH THE PROGRAM MANAGER AND THE MCE MENTOR CONSULTANTS. THROUGHOUT THE YEAR, THE FOCUS OF CLIENT MEMBER MEETINGS IS MARKET DEVELOPMENT AND STRATEGY. TEN COMPANY-SPECIFIC CATEGORY REPORTS WERE PURCHASED AND ANALYZED TO IDENTIFY NEW SALES OPPORTUNITIES, MANY LEADING TO WINS OF NEW ACCOUNTS OR ADDITIONAL ITEMS ADDED TO EXISTING ACCOUNTS. OTHER FOOD AND BEVERAGE INDUSTRY RESOURCES WERE ALSO PURCHASED, COMPILED, AND UTILIZED THROUGHOUT THE YEAR. MARKETSHARE MEMBER COMPANIES ALSO PARTICIPATED IN QUARTERLY WORKSHOPS, THE FOOD PRODUCER SOCIAL, THE SEAFOOD SHOWCASE, AND THE MENTOR HAPPY HOURS IN CONJUNCTION WITH MCE'S CULTIVATOR PROGRAM. MARKETSHARE IS ESTIMATED TO HAVE CREATED 32 NEW JOBS IN MAINE IN 2023.
THE SEAFOOD / AQUA PROGRAM WAS THE SECOND MOST EXPENSIVE INITIATIVE IN 2023, WITH $210,487.08 IN EXPENSES AND 15 CLIENT COMPANIES ENROLLED. THIS PROGRAM OFFERS THE SAME MARKETSHARE AND CULTIVATOR...
THE SEAFOOD / AQUA PROGRAM WAS THE SECOND MOST EXPENSIVE INITIATIVE IN 2023, WITH $210,487.08 IN EXPENSES AND 15 CLIENT COMPANIES ENROLLED. THIS PROGRAM OFFERS THE SAME MARKETSHARE AND CULTIVATOR SERVICES, EXCEPT THE PARTICIPANTS, SUBJECT MATTER EXPERTS, MENTORS, PROGRAM MANAGER, CATEGORY REPORTS, AND TOPICS ARE ALL SEAFOOD/AQUACULTURE RELATED. SEAFOOD/AQUA FOOD COMPANIES COMPRISE A CONSIDERABLE PERCENTAGE OF THE FOOD BUSINESS IN MAINE, AND THESE PARTICIPANTS HAVE BUSINESS NEEDS UNIQUE TO THEIR SPECIFIC INDUSTRY. THE SEAFOOD/AQUA PROGRAM SERVES THIS PARTICULAR BUSINESS NICHE. A PROGRAM MANAGER WITH OVER 50 YEARS OF EXPERIENCE IN THE AQUACULTURE INDUSTRY RECRUITS CLIENTS FOR THE CULTIVATOR OR MARKETSHARE AND MEETS WITH THEM MUCH LIKE THE CULTIVATOR PROJECT MANAGER. SEAFOOD / AQUA CLIENTS GET THE SAME CULTIVATOR PROGRAM BUT WITH THE ADDED SPECIALTY OF SEAFOOD/AQUACULTURE EXPERTS. LIKEWISE, SEAFOOD / AQUA CLIENTS GET THE SAME MARKETSHARE PROGRAM BUT WITH THE BONUS OF ALL REPORTING AND ANALYSIS PERTAINING SOLELY TO THE SEAFOOD INDUSTRY. SEAFOOD/AQUA IS ESTIMATED TO HAVE CREATED 45 NEW JOBS IN MAINE IN 2023.
AT $143,723.61 IN EXPENSES AND TEN CLIENT COMPANIES PARTAKING, THE CULTIVATOR PROGRAM WAS THE THIRD MOST EXPENSIVE INITIATIVE FOR MCE IN 2023. IN THIS PROGRAM, EACH MEMBER COMPANY IS ASSIGNED A...
AT $143,723.61 IN EXPENSES AND TEN CLIENT COMPANIES PARTAKING, THE CULTIVATOR PROGRAM WAS THE THIRD MOST EXPENSIVE INITIATIVE FOR MCE IN 2023. IN THIS PROGRAM, EACH MEMBER COMPANY IS ASSIGNED A PERSONAL ASSESSMENT TEAM COMPRISED OF THREE SUBJECT MATTER EXPERTS IN MARKETING & SALES, FINANCE, AND OPERATIONS. THE PROGRAM BEGINS WITH AN INITIAL MEETING IN WHICH THE TEAM AND COMPANY COME TOGETHER TO ASSESS THE COMPANY'S BUSINESS. COLLABORATIVELY, THEY WORK TO IDENTIFY GAPS AND NEEDS THE COMPANY HAS THAT ARE PREVENTING THEM FROM SCALING UP TO THE NEXT LEVEL. BASED ON ASSESSMENT RESULTS, THEY CREATE AN AGREED-UPON ACTION PLAN AND ONGOING MILESTONE TRACKING RUBRIC TO ENSURE COMPANY ACCOUNTABILITY FOR DELIVERABLES. ALSO, MCE MATCHES EACH COMPANY WITH APPROPRIATE VOLUNTEER MENTORS FROM MCE'S MAINE MENTOR NETWORK (MMN) TO ADDRESS THEIR NEEDS. COMPANIES MEET BI-WEEKLY WITH MCE'S PROGRAM MANAGER THROUGHOUT THE NEXT 12 MONTHS TO WORK ON THE ACTION PLAN AND TRACK THE MEASURES THE COMPANY TAKES DURING THAT TIME. EACH COMPANY ALSO RECONNECTS WITH THE ENTIRE ASSESSMENT QUARTERLY TO REVIEW THE COMPANY'S EFFORTS OVER THE PAST THREE MONTHS. COMPANIES WILL ALSO ATTEND INDUSTRY-FOCUSED WORKSHOPS AND LEARNING EVENTS TAILORED TO THEIR NEEDS AND INTERESTS. PARTICIPANTS ALSO RECEIVE INCREASED EXPOSURE TO THE BUSINESS COMMUNITY THROUGH PROGRAM MARKETING, NETWORK EVENTS, AND THE ANNUAL FOOD PRODUCER SOCIAL FOR PAST AND PRESENT CULTIVATOR COMPANIES, PROVIDING ADDITIONAL OPPORTUNITIES FOR MAINE'S FOOD AND BEVERAGE COMPANIES TO CONNECT, SHARE, AND PARTNER. IN ADDITION, PROGRAM PARTICIPANTS ALSO GET TO SHOWCASE THEIR BUSINESS TO AN AUDIENCE OF POTENTIAL INVESTORS, BUSINESS LEADERS, AND JOURNALISTS AT THE END OF THE PROGRAM IN THE BIYEARLY FOOD PRODUCER'S SHOWCASE. CULTIVATOR IS ESTIMATED TO HAVE CREATED EIGHT NEW JOBS IN MAINE IN 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,351,382 | $962,397 | +0.4% |
| Expenses | $1,323,615 | $1,020,453 | +0.3% |
| Net Income | $27,767 | $-58,056 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANDREA K SUTER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN MACKAY | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SKIP BATES | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN AHERN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG DEANGELIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAL HANCOCK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL PILTCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BURAK SEZEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CORY VARGO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS VICKERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRYSTAL WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM RAINEY | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$154,289 | $3,493 | $157,782 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,351,382 | $1,323,615 | $360,484 | $27,767 |
| 2022 | $962,397 | $1,020,453 | $318,760 | $-58,056 |
| 2021 | $1,053,182 | $952,952 | $380,716 | $100,230 |
| 2020 | $871,455 | $817,716 | $293,278 | $53,739 |
| 2019 | $714,994 | $728,763 | $230,863 | $-13,769 |
| 2018 | $553,853 | $557,093 | $184,902 | $-3,240 |
Compare MAINE CENTER FOR ENTERPRISE DEVELOPMENT DBA MAINE CENTER FOR ENTREPRENEURS with other nonprofits in Maine and across the country.