MAINE DISCOVERY MUSEUM

EIN: 010527022 501(c)(3) Arts, Culture & Humanities

BANGOR, ME

Total Revenue
$809,430
Total Expenses
$1,008,014
Total Assets
$1,669,381
Net Assets
$974,992
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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
1998
Legal Domicile
ME
Principal Officer
KATE DICKERSON
Phone
2072627200
Tax Period
2023-01-01 to 2023-12-31

MAINE DISCOVERY MUSEUM, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $809K in total revenue in fiscal year 2023. Revenue surged 193% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MAINE DISCOVERY MUSEUM HELPS PEOPLE OF ALL AGES TO DISCOVER THE WORLD AROUND THEM THROUGH CREATIVE EXPLORATION AND SCIENCE.

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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 $400,143
Program Service Revenue $386,402
Investment Income $703
Other Revenue $22,182
TOTAL REVENUE $809,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $538,599
Fundraising Expenses $24,629
Program Expenses $760,964
Other Expenses $469,415
TOTAL EXPENSES $1,008,014

Year-over-Year Comparison

2023 2022 Change
Revenue $809,430 $275,862 +1.9%
Expenses $1,008,014 $8,650 +115.5%
Net Income $-198,584 $267,212 -1.7%
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

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Governance

Voting Members
12
Independent Members
12
Employees
28
Volunteers
N/A

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
5
$72,380
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE DICKERSON EXECUTIVE DI 40.00
Officer
$72,380 $0 $72,380
ANDREA DICKINSON BOARD MEMBER N/A
Director
$0 $0 $0
EMIL GENEST BOARD MEMBER N/A
Director
$0 $0 $0
TAMMY L HIGGINS BOARD MEMBER N/A
Director
$0 $0 $0
SHANE MALORY TREASURER N/A
Officer Director
$0 $0 $0
JARED O'ROAK BOARD MEMBER N/A
Director
$0 $0 $0
DONNA L OXLEY BOARD MEMBER N/A
Director
$0 $0 $0
KELLY PEARSON BOARD MEMBER N/A
Director
$0 $0 $0
JACLYN SILK VICE PRESIDE N/A
Officer Director
$0 $0 $0
MALORIE SPRAGUE BOARD MEMBER N/A
Director
$0 $0 $0
ANNE-MARIE STOREY PRESIDENT N/A
Officer Director
$0 $0 $0
NICHOLE TRAINOR SECRETARY N/A
Officer Director
$0 $0 $0
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 $809,430 $1,008,014 $1,669,381 $-198,584
2022 $609,371 $970,349 $1,839,652 $-360,978
2021 $727,580 $762,465 $1,970,655 $-34,885
2020 $508,452 $696,469 $2,019,571 $-188,017
2019 $864,932 $888,324 $2,231,722 $-23,392
2018 $893,188 $787,165 $2,270,511 $106,023
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