MAINE DISCOVERY MUSEUM (EIN 010527022) - 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

1998

Legal Domicile

Principal Officer

KATE DICKERSON

Phone

2072627200

Tax Period

2023-01-01 to 2023-12-31

MAINE DISCOVERY MUSEUM is a 501(c)(3) with EIN 010527022, based in BANGOR, ME. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $809,430 in total revenue and $1,008,014 in total expenses, with net assets of $974,992.

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 & 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 $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

Governance

Voting Members

Independent Members

Employees

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

$72,380

Total Directors

Key Employees

Highest Compensated

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

MAINE DISCOVERY MUSEUM