Maine Technology Institute (EIN 010529871) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

Brian Whitney

Phone

2075824790

Tax Period

2024-07-01 to 2025-06-30

Maine Technology Institute, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $30.5M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

Provides funding to subrecipients in the State of Maine.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,877,346

Program Service Revenue $876,429

Investment Income $736,872

Other Revenue $0

TOTAL REVENUE $30,490,647

Expense Breakdown

Grants Paid $22,384,003

Salaries & Benefits $1,432,186

Fundraising Expenses $0

Program Expenses $28,614,493

Other Expenses $6,131,272

TOTAL EXPENSES $29,947,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,490,647	$22,492,763	+0.4%
Expenses	$29,947,461	$21,984,308	+0.4%
Net Income	$543,186	$508,455	+0.1%

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

120

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

$337,185

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melissa LaCasse	Chairperson	2.00	Officer Director	$0	$0	$0
Amberlynn Esperanza	Treasurer	2.00	Officer Director	$0	$0	$0
Jake Ward	Vice Chairperson	2.00	Officer Director	$0	$0	$0
Jed Beach	Director	2.00	Director	$0	$0	$0
Michael Cassata	Director	2.00	Director	$0	$0	$0
Elizabeth Love	Director	2.00	Director	$0	$0	$0
Charlotte Mace	Director	2.00	Director	$0	$0	$0
Colin March	Director	2.00	Director	$0	$0	$0
Meredith Mendelson	Director	2.00	Director	$0	$0	$0
Rob Pierson	Director	2.00	Director	$0	$0	$0
Ian Swanberg	Director	2.00	Director	$0	$0	$0
Susan Tapley	Director	2.00	Director	$0	$0	$0
Dan Belyea	Past Director	2.00	Director	$0	$0	$0
Heather Johnson	Past Director	2.00	Director	$0	$0	$0
Brian Whitney	President	40.00	Officer	$0	$56,545	$196,196
Gregory N Lee	Director of Finance & Administration	40.00	Officer	$119,389	$21,600	$140,989

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
2025	$30,490,647	$29,947,461	$22,477,274	$543,186
2024	$22,492,763	$21,984,308	$29,202,613	$508,455
2023	$36,158,450	$35,498,648	$22,300,505	$659,802
2022	$14,853,693	$15,091,479	$19,619,742	$-237,786
2021	$10,752,801	$10,538,560	$20,192,850	$214,241
2020	$27,495,350	$27,468,624	$38,580,369	$26,726
2019	$35,533,893	$35,173,668	$41,636,601	$360,225
2018	$13,968,255	$13,529,620	$49,772,164	$438,635

Maine Technology Institute