Central Maine Growth Council (EIN 010546258) - 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

2001

Legal Domicile

Principal Officer

Kimberly Lindlof

Phone

2076807300

Tax Period

2024-07-01 to 2025-06-30

Central Maine Growth Council, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $537K, a strong 32% operating margin.

Mission

The Growth Council was established to foster a robust regional economy in a collaborative manner in a mult-town community.

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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 $1,605,026

Program Service Revenue $47,730

Investment Income $51,302

Other Revenue $0

TOTAL REVENUE $1,704,058

Expense Breakdown

Grants Paid $104,150

Salaries & Benefits $830,412

Fundraising Expenses $0

Other Expenses $232,375

TOTAL EXPENSES $1,166,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,704,058	$1,757,630	0.0%
Expenses	$1,166,937	$1,403,454	-0.2%
Net Income	$537,121	$354,176	+0.5%

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

$307,766

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Don Plourde	Chair	2.00	Officer Director	$0	$0	$0
Dave Roy	Vice Chair	2.00	Officer Director	$0	$0	$0
Jamie Boulette	Treasurer	2.00	Officer Director	$0	$0	$0
Mike Runser	Secretary	2.00	Officer Director	$0	$0	$0
Cathy Bourque	Director	1.00	Director	$0	$0	$0
Randy Clark	Director	1.00	Director	$0	$0	$0
Elizabeth Fortin	Director	1.00	Director	$0	$0	$0
Michelle Flewelling	Director	1.00	Director	$0	$0	$0
Chris Gaunce	Director	2.00	Director	$0	$0	$0
Cornell Knight	Director	1.00	Director	$0	$0	$0
Noah Perry	Director	1.00	Director	$0	$0	$0
Liz Menard	Director	1.00	Director	$0	$0	$0
Kelly Pinney-Michaud	Director	1.00	Director	$0	$0	$0
Jennifer Seekins	Director	1.00	Director	$0	$0	$0
Steve Soucy	Director	1.00	Director	$0	$0	$0
Jeannine Uzzi	Director	1.00	Director	$0	$0	$0
Ella Bowman	Past Director	1.00	Director	$0	$0	$0
Trista Costigan	Past Director	1.00	Director	$0	$0	$0
Chris Farrar	Past Director	1.00	Director	$0	$0	$0
Bryan Kaenrath	Past Director	1.00	Director	$0	$0	$0
Laurie Lachance	Past Director	1.00	Director	$0	$0	$0
Paul Stein	Past Director	1.00	Director	$0	$0	$0
Garvan Donegan	President & CEO	50.00	Officer	$167,378	$17,560	$184,938
Kimberly Lindlof	Executive Director	7.75	Officer	$29,995	$127	$30,122
Nicole Timmins	Controller of Grants & Finance	45.00	Officer	$72,210	$20,496	$92,706

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	$1,704,058	$1,166,937	$1,616,088	$537,121
2024	$1,757,630	$1,403,454	$1,376,024	$354,176
2023	$1,108,572	$835,137	$787,639	$273,435
2022	$607,931	$593,218	$350,733	$14,713
2021	$334,472	$322,879	$376,047	$11,593
2020	$271,891	$278,999	$249,269	$-7,108
2019	$325,107	$239,041	$247,410	$86,066

Central Maine Growth Council