MAINE FOREST & LOGGING MUSEUM (EIN 016019448) - 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

1960

Legal Domicile

Principal Officer

MIKE WETHERBEE

Phone

2079746278

Tax Period

2024-01-01 to 2024-12-31

MAINE FOREST & LOGGING MUSEUM, founded in 1960, is a micro nonprofit that reported $99K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $95K left a modest 3% surplus.

Mission

TO COLLECT, PRESERVE AND SHARE ARTIFACTS, DOCUMENTS, TOOLS, EQUIPMENT AND STORIES RELATING TO THE HISTORY OF THE MAINE WOODS, PARTICULARLY THE PIONEER AND LUMBER PERIODS.

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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 $43,749

Program Service Revenue $46,532

Investment Income $8,433

Other Revenue $0

TOTAL REVENUE $98,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,138

Fundraising Expenses $0

Program Expenses $95,413

Other Expenses $45,275

TOTAL EXPENSES $95,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,714	$89,220	+0.1%
Expenses	$95,413	$93,910	+0.0%
Net Income	$3,301	$-4,690	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WETHERBEE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KENNETH F CARLE III	TREASURER	2.00	Officer Director	$0	$0	$0
TERRY HARPER	SECRETARY	2.00	Officer Director	$0	$0	$0
BYRON AUBREY	DIRECTOR	2.00	Director	$0	$0	$0
TOM CHRISTENSEN	DIRECTOR	2.00	Director	$0	$0	$0
PETER COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
SEAN HUTCHINSON	DIRECTOR	2.00	Director	$0	$0	$0
KEITH KANOTI	DIRECTOR	2.00	Director	$0	$0	$0
ALISSA WETHERBEE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BARKER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM BEAULIEU	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN HARPER	DIRECTOR	2.00	Director	$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
2024	$98,714	$95,413	$921,682	$3,301
2023	$89,220	$93,910	$898,672	$-4,690
2022	$128,554	$94,804	$878,566	$33,750
2021	$105,826	$41,048	$875,196	$64,778
2020	$107,495	$50,901	$804,414	$56,594
2019	$96,707	$80,668	$730,711	$16,039
2018	$87,107	$115,552	$707,196	$-28,445

MAINE FOREST & LOGGING MUSEUM