UNITED MIDCOAST CHARITIES INC

EIN: 016009240 501(c)(3) Philanthropy & Grantmaking

CAMDEN, ME

Total Revenue
$1,112,579
Total Expenses
$1,045,224
Total Assets
$5,924,230
Net Assets
$5,917,203
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
ME
Principal Officer
MARISA FIORITO
Phone
2072362299
Tax Period
2025-01-01 to 2025-12-31

UNITED MIDCOAST CHARITIES INC, founded in 1942, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

THE ORGANIZATION'S PURPOSE 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 ORGANZIATION. UMC'S FOCUS AREAS ARE: FOOD, HOUSING, HEALTH AND SAFETY AND ECONOMIC SECURITY.

Program Service Accomplishments

Program 1
Expenses: $739,548

GRANTS WERE MADE TO LOCAL AREA CHARITIES BASED ON NEED AND THE ORGANIZATION'S FOCUS AREAS WHICH 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $643,795
Program Service Revenue $0
Investment Income $459,444
Other Revenue $9,340
TOTAL REVENUE $1,112,579

Expense Breakdown

Grants Paid $655,000
Salaries & Benefits $240,292
Fundraising Expenses $171,908
Program Expenses $739,548
Other Expenses $149,932
TOTAL EXPENSES $1,045,224

Year-over-Year Comparison

2025 2024 Change
Revenue $1,112,579 $872,731 +0.3%
Expenses $1,045,224 $993,225 +0.1%
Net Income $67,355 $-120,494 -1.6%
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
9
Independent Members
9
Employees
3
Volunteers
8

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
5
$104,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK HACKETT DIRECTOR 1.00
Director
$0 $0 $0
DR JAMES HENGERER CHAIR 1.00
Officer Director
$0 $0 $0
KRISTIN SIDWELL DIRECTOR 1.00
Director
$0 $0 $0
KAREN FOXWELL 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
MARISA FIORITO TREASURER 1.00
Officer Director
$0 $0 $0
REBECCA GILDRED EXECUTIVE DIRECTOR 40.00
Officer
$104,000 $0 $104,000
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 $1,112,579 $1,045,224 $5,924,230 $67,355
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
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