GULF OF MAINE LOBSTER FOUNDATION (EIN 010535494) - 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

ERIN PELLETIER

Phone

2079858088

Tax Period

2024-01-01 to 2024-12-31

GULF OF MAINE LOBSTER FOUNDATION, founded in 2000, is a community nonprofit in the Science & Technology sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO ENGAGE IN AND FACILITATE COLLABORATIVE RESEARCH AND PROJECTS WITH LOBSTERMEN, SCIENTISTS, AGENCIES AND RESOURCE MANAGERS PROMOTING THE HEALTH AND SUSTAINABILITY OF THE AMERICAN LOBSTER FISHERY WITHIN THE GULF OF MAINE ECOSYSTEM.

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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 $1,245,475

Program Service Revenue $28,620

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,274,095

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $235,997

Fundraising Expenses $2,536

Program Expenses $1,101,254

Other Expenses $1,009,943

TOTAL EXPENSES $1,246,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,274,095	$972,485	+0.3%
Expenses	$1,246,940	$960,199	+0.3%
Net Income	$27,155	$12,286	+1.2%

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

$100,380

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY WHITE	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE TRAIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WALTER CRITES	TREASURER/SECRETARY	5.00	Director	$0	$0	$0
BILL ADLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CASONI	BOARD MEMBER	1.00	Director	$0	$0	$0
COLBY DAVIDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON HILLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC PALOMBO	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN PELLETIER	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$10,380	$100,380

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	$1,274,095	$1,246,940	$261,512	$27,155
2023	$972,485	$960,199	$151,891	$12,286
2022	$540,400	$531,667	$170,006	$8,733
2021	$438,105	$433,605	$142,201	$4,500
2020	$377,661	$377,510	$101,865	$151
2019	$536,943	$532,754	$113,919	$4,189
2018	$543,616	$534,068	$115,836	$9,548

GULF OF MAINE LOBSTER FOUNDATION