UNITED MIDCOAST CHARITIES INC (EIN 016009240) - 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

1942

Legal Domicile

Principal Officer

FRANK HACKETT

Phone

2072362299

Tax Period

2024-01-01 to 2024-12-31

UNITED MIDCOAST CHARITIES INC, founded in 1942, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $873K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $993K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS: IDENTIFYING NEEDS. SUPPORTING SOLUTIONS. UNITED MIDCOAST CHARITIES ENERGIZES MIDCOAST MAINE NONPROFITS THROUGH FINANCE AND GUIDANCE, SUPPORTING A NETWORK OF RESOURCES STRONGER THAN ANY SINGLE ORGANIZATION. UMC'S FOCUS AREAS ARE: FOOD, HOUSING, HEALTH AND SAFETY AND ECONOMIC SECURITY.

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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 $582,344

Program Service Revenue $0

Investment Income $286,112

Other Revenue $4,275

TOTAL REVENUE $872,731

Expense Breakdown

Grants Paid $644,950

Salaries & Benefits $195,536

Fundraising Expenses $124,707

Program Expenses $753,100

Other Expenses $152,739

TOTAL EXPENSES $993,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$872,731	$1,476,120	-0.4%
Expenses	$993,225	$880,564	+0.1%
Net Income	$-120,494	$595,556	-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

$80,385

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK HACKETT	TREASURER	1.00	Officer Director	$0	$0	$0
DR JAMES HENGERER	CHAIR	1.00	Officer Director	$0	$0	$0
KRISTIN SIDWELL	DIRECTOR	1.00	Director	$0	$0	$0
ELLIE GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
JAY FOSTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DENISE BREED	SECRETARY	1.00	Officer Director	$0	$0	$0
LARRAIN SLAYMAKER	DIRECTOR	1.00	Director	$0	$0	$0
KARYN RIZZO	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE FRAZEK	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA GILDRED	EXECUTIVE DIRECTOR	40.00	Officer	$80,385	$0	$80,385

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	$872,731	$993,225	$5,696,776	$-120,494
2023	$1,476,120	$880,564	$5,623,122	$595,556
2022	$544,217	$758,553	$4,651,198	$-214,336
2021	$840,362	$697,396	$5,640,036	$142,966
2020	$806,782	$759,626	$5,306,731	$47,156
2019	$606,694	$651,343	$4,964,044	$-44,649

UNITED MIDCOAST CHARITIES INC