Maine Space Grant Consortium (EIN 010532411) - 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

2000

Legal Domicile

Principal Officer

Dr Jeremy Qualls

Phone

2076224688

Tax Period

2024-03-01 to 2025-02-28

Maine Space Grant Consortium, founded in 2000, is a community nonprofit in the Science & Technology sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

Support aerospace research, education, and public service in 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 $1,759,845

Program Service Revenue $81,020

Investment Income $2,014

Other Revenue $0

TOTAL REVENUE $1,842,879

Expense Breakdown

Grants Paid $1,304,920

Salaries & Benefits $215,453

Fundraising Expenses $0

Program Expenses $1,688,566

Other Expenses $320,492

TOTAL EXPENSES $1,840,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,842,879	$2,546,352	-0.3%
Expenses	$1,840,865	$2,545,194	-0.3%
Net Income	$2,014	$1,158	+0.7%

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

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

$202,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pious Ali	Director (end 4/2024)	1.00	Director	$0	$0	$0
Nikki Becker	Director	1.00	Director	$0	$0	$0
Sascha Deri	Director	1.00	Director	$0	$0	$0
Dr Jason Goldstein	Director	1.00	Director	$0	$0	$0
Dr Giovanna Guidoboni	Director	1.00	Director	$0	$0	$0
Dr Jason Judd	Director	1.00	Director	$0	$0	$0
Dr Ruth Kermish-Allen	Director	1.00	Director	$0	$0	$0
Dan Koloski	Director	1.00	Director	$0	$0	$0
Chris Maher	Director (start 12/2024)	1.00	Director	$0	$0	$0
Dr Jerome Mullin	Director	1.00	Director	$0	$0	$0
Janet Sorter PhD	Director	1.00	Director	$0	$0	$0
Robert Ziegelaar	Director	1.00	Director	$0	$0	$0
Dr Jeremy Qualls	Chair (end 12/2024)	1.00	Officer Director	$0	$0	$0
Mike Roughton	Treasurer	1.00	Officer Director	$0	$0	$0
Scott Burgess	Secretary	1.00	Officer Director	$0	$0	$0
Dr Terry Shehata	Executive Director	22.00	Officer	$76,649	$13,448	$90,097
Jana Hall	Controller/Program Coordinator	40.00	Officer	$75,000	$37,553	$112,553

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	$1,842,879	$1,840,865	$421,065	$2,014
2024	$2,546,352	$2,545,194	$620,372	$1,158
2023	$1,823,356	$1,823,347	$623,670	$9
2022	$1,490,070	$1,490,063	$425,041	$7
2021	$1,010,110	$1,010,102	$475,433	$8
2020	$1,034,257	$1,036,662	$249,887	$-2,405
2019	$924,086	$925,605	$218,402	$-1,519
2018	$1,043,433	$1,046,113	$195,630	$-2,680

Maine Space Grant Consortium