MAINE MEDICAL EDUCATION FOUNDATION (EIN 016017053) - 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

1953

Legal Domicile

Principal Officer

ANDREW MACLEAN

Phone

2076223374

Tax Period

2022-01-01 to 2022-12-31

MAINE MEDICAL EDUCATION FOUNDATION, founded in 1953, is a micro nonprofit that reported $54K in total revenue in fiscal year 2022. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $144K exceeded revenue, resulting in a 165% operating deficit.

Mission

TO GRANT LOANS TO PROMISING STUDENTS OF MEDICINE AND FOR THE PURPOSE OF MEDICAL EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,100

Program Service Revenue $85,122

Investment Income $12,682

Other Revenue $-47,692

TOTAL REVENUE $54,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,767

Other Expenses $143,742

TOTAL EXPENSES $143,742

Year-over-Year Comparison

	2022	2021	Change
Revenue	$54,212	$127,636	-0.6%
Expenses	$143,742	$134,624	+0.1%
Net Income	$-89,530	$-6,988	+11.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA BARR DO	DIRECTOR	1.00	Director	$0	$0	$0
ERIK STEELE DO	PRESIDENT	3.00	Officer Director	$0	$0	$0
JIMS JEAN- JACQUES DO FACC	DIRECTOR	1.00	Director	$0	$0	$0
ELISABETH WILSON HPED	DIRECTOR	1.00	Director	$0	$0	$0
KENJI SAITO MD JD	DIRECTOR	1.00	Director	$0	$0	$0
AMY MADDEN MD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES PATTAVINA MD	DIRECTOR	1.00	Director	$0	$0	$0
DIETER KRECKEL MD	DIRECTOR	1.00	Director	$0	$0	$0
HANI JARAWAN MD	DIRECTOR	1.00	Director	$0	$0	$0
HENK GOORHUIS MD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES JARVIS MD	DIRECTOR	1.00	Director	$0	$0	$0
JAY MULLEN MD	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BARKIN MD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WEINER-SMITH MD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN MERSERVE MD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SAYLOR MD	DIRECTOR	1.00	Director	$0	$0	$0
MAROULLA GLEATON MD	DIRECTOR	1.00	Director	$0	$0	$0
MARYN KANTER MD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL L PARKER MD	TREASURER	2.00	Officer Director	$0	$0	$0
MINDA GOLD MD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK KILLORAN MD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CAIN MD	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
R SCOTT HANSON MD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
RAYMOND HICKS MD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHLAGER MD	DIRECTOR	1.00	Director	$0	$0	$0
SAMUELA MANAGES MD	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SCHIFF-SLATER MD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WOODS MD MPH	DIRECTOR	1.00	Director	$0	$0	$0
AMELIA KEANE STUDENT	DIRECTOR	1.00	Director	$0	$0	$0
MADISON OXLEY STUDENT	DIRECTOR	1.00	Director	$0	$0	$0
NATHANIEL MEYER STUDENT	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MACLEAN	CEO	1.00	Officer	$0	$0	$0

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
2022	$54,212	$143,742	No data	$-89,530
2021	$127,636	$134,624	$4,801,389	$-6,988
2020	$125,247	$135,706	$4,692,408	$-10,459
2019	$87,230	$181,085	$4,637,514	$-93,855
2018	$543,922	$145,787	$4,479,835	$398,135

MAINE MEDICAL EDUCATION FOUNDATION