Maine Traditional Music Association

EIN: 010541597 501(c)(3) Arts, Culture & Humanities

Woolwich, ME

Total Revenue
$428,160
Total Expenses
$428,648
Total Assets
$359,712
Net Assets
$359,712
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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
2024
Legal Domicile
ME
Phone
2075223800
Tax Period
2025-01-01 to 2025-12-31

Maine Traditional Music Association, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $428K in total revenue in fiscal year 2025.

Mission

To promote and educate adults and children about the traditional music and dance 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $408,150
Program Service Revenue $0
Investment Income $20,010
Other Revenue $0
TOTAL REVENUE $428,160

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,933
Fundraising Expenses $0
Other Expenses $153,715
TOTAL EXPENSES $428,648

Year-over-Year Comparison

2025 2024 Change
Revenue $428,160 N/A N/A
Expenses $428,648 N/A N/A
Net Income $-488 N/A N/A
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
40
Independent Members
40
Employees
N/A
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
3
$56,680
Total Directors
3
$56,680
Key Employees
3
$56,680
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stuart Olson President 10
Officer Director Key Emp
$10,575 $0 $10,575
Jo-Anne Bouthot Secretary N/A
Officer Director Key Emp
$21,105 $0 $21,105
Douglas Protsik Director/Treasurer N/A
Officer Director Key Emp Highest
$25,000 $0 $25,000
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 $428,160 $428,648 $359,712 $-488
2024 $420,552 $404,400 $163,061 $16,152
2023 $457,658 $409,000 $279,749 $48,658
2022 $323,299 $297,497 $238,849 $25,802
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