MAINE CENTER FOR ENTERPRISE DEVELOPMENT DBA MAINE CENTER FOR ENTREPRENEURS (EIN 010510641) - 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

1997

Legal Domicile

Principal Officer

TOM RAINEY

Phone

2074051667

Tax Period

2023-01-01 to 2023-12-31

MAINE CENTER FOR ENTERPRISE DEVELOPMENT DBA MAINE CENTER FOR ENTREPRENEURS is a 501(c)(3) with EIN 010510641, based in PORTLAND, ME. Founded in 1997, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,351,382 in total revenue and $1,323,615 in total expenses, with net assets of $80,603.

Mission

EMPOWERING & ENABLING ME'S NEXT GENERATION OF ENTREPRENEURS THROUGH TRAINING AND MENTORING.

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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 $1,290,673

Program Service Revenue $60,709

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,351,382

Expense Breakdown

Grants Paid $30,500

Salaries & Benefits $480,277

Fundraising Expenses $0

Program Expenses $978,506

Other Expenses $812,838

TOTAL EXPENSES $1,323,615

Year-over-Year Comparison

	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%

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

125

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

$157,782

Total Directors

Key Employees

Highest Compensated

reported

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

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	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

MAINE CENTER FOR ENTERPRISE DEVELOPMENT DBA MAINE CENTER FOR ENTREPRENEURS