Senator George J Mitchell Scholarship Research Institute (EIN 010523390) - 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

1999

Legal Domicile

Principal Officer

Jared Cash

Phone

2077737700

Tax Period

2024-01-01 to 2024-12-31

Senator George J Mitchell Scholarship Research Institute is a 501(c)(3) with EIN 010523390, based in Portland, ME. Founded in 1999, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $3,869,286 in total revenue and $3,429,168 in total expenses, with net assets of $48,222,963.

Mission

To provide scholarships and other support to Maine students pursuing higher education.

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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 $2,450,220

Program Service Revenue $0

Investment Income $1,391,578

Other Revenue $27,488

TOTAL REVENUE $3,869,286

Expense Breakdown

Grants Paid $1,923,738

Salaries & Benefits $934,462

Fundraising Expenses $172,194

Program Expenses $2,925,866

Other Expenses $570,968

TOTAL EXPENSES $3,429,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,869,286	$6,258,916	-0.4%
Expenses	$3,429,168	$3,175,642	+0.1%
Net Income	$440,118	$3,083,274	-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

106

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

$172,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony DiSotto	Director	1.00	Director	$0	$0	$0
Bruce Epstein	Director (end 12/2024)	1.00	Director	$0	$0	$0
Brian Harris	Director	1.00	Director	$0	$0	$0
Nathan Kinney	Director	1.00	Director	$0	$0	$0
Christine Lemieux	Director	1.00	Director	$0	$0	$0
Scott Maker	Director (end 12/2024)	1.00	Director	$0	$0	$0
Camita McCoy	Director	1.00	Director	$0	$0	$0
Heather Mitchell	Director	1.00	Director	$0	$0	$0
Jon Moody	Director	1.00	Director	$0	$0	$0
Alison Nathanson	Director (end 12/2024)	1.00	Director	$0	$0	$0
Christopher Pierce	Director	1.00	Director	$0	$0	$0
Elyse Pratt-Ronco	Director	1.00	Director	$0	$0	$0
Paul Suitter	Director	1.00	Director	$0	$0	$0
Virginia Swain	Director	1.00	Director	$0	$0	$0
Kate Wilkinson	Director	1.00	Director	$0	$0	$0
Rebecca Wyke	Director	1.00	Director	$0	$0	$0
Sara Burns	Chair	1.00	Officer Director	$0	$0	$0
Najila Frayha	Vice Chair	1.00	Officer Director	$0	$0	$0
Abigail Diaz	Second Vice Chair	1.00	Officer Director	$0	$0	$0
Joseph Foley	Treasurer	1.00	Officer Director	$0	$0	$0
Jared Cash	President/Secretary	40.00	Officer	$154,978	$17,712	$172,690
Marc Glass	Brand and Communitcation Director	40.00	Highest	$103,714	$14,855	$118,569

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	$3,869,286	$3,429,168	$53,207,335	$440,118
2023	$6,258,916	$3,175,642	$48,269,547	$3,083,274
2022	$3,294,225	$2,882,565	$45,833,785	$411,660
2021	$4,164,591	$2,881,215	$52,911,391	$1,283,376
2020	$4,226,931	$2,862,496	$48,717,475	$1,364,435
2019	$2,388,775	$2,701,842	$42,908,493	$-313,067
2018	$2,498,075	$2,382,932	$38,053,810	$115,143

Senator George J Mitchell Scholarship Research Institute