Maine Better Transportation Educational Foundation

EIN: 010513594 501(c)(3) Philanthropy & Grantmaking

Augusta, ME

Total Revenue
$58,103
Total Expenses
$51,133
Total Assets
$912,761
Net Assets
$912,761
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
ME
Principal Officer
Maria Fuentes
Phone
2076220526
Tax Period
2023-01-01 to 2023-12-31

Maine Better Transportation Educational Foundation, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $58K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $51K left a modest 12% surplus.

Mission

The organizations provides scholarships to students interested in the transportation industry.

Program Service Accomplishments

Program 1
Expenses: $42,000

The organization provided scholarships to students.

Program 2
Expenses: $2,613

The organization raised funds for scholarships.

Program 3
Expenses: $6,520

The organization managed the funds raised for scholarships.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $56,181
Program Service Revenue $0
Investment Income $-17,377
Other Revenue $19,299
TOTAL REVENUE $58,103

Expense Breakdown

Grants Paid $42,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $51,133
Other Expenses $9,133
TOTAL EXPENSES $51,133

Year-over-Year Comparison

2023 2022 Change
Revenue $58,103 $115,223 -0.5%
Expenses $51,133 $47,473 +0.1%
Net Income $6,970 $67,750 -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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
2
$186,028
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Bradbury Director 0.20
Director
$0 $0 $0
Parker Brown Director 0.20
Director
$0 $0 $0
Deborah Dunlap Avasthi Director 0.20
Director
$0 $0 $0
Tim Folster Chair 0.20
Officer Director
$0 $0 $0
Tony Grande Director 0.20
Director
$0 $0 $0
Bruce Hubbard Director 0.20
Director
$0 $0 $0
Roland Lavallee Director 0.20
Director
$0 $0 $0
Dana Knapp Director 0.20
Director
$0 $0 $0
Ian Messier Director 0.20
Director
$0 $0 $0
Tim Ouellette Director 0.20
Director
$0 $0 $0
Millard Pray Director 0.20
Director
$0 $0 $0
Brian Raymond Director 0.20
Director
$0 $0 $0
Eric Ritchie Director 0.20
Director
$0 $0 $0
Irvin Smith Director 0.20
Director
$0 $0 $0
Maria Fuentes Secretary/Treasurer 1.00
Officer
$0 $11,893 $186,028
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 $58,103 $51,133 $912,761 $6,970
2022 $115,223 $47,473 $799,519 $67,750
2021 $177,366 $50,803 $855,866 $126,563
2020 $109,645 $52,816 $711,242 $56,829
2019 $137,082 $49,697 $644,601 $87,385
2018 $75,282 $40,474 $570,699 $34,808
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