Forest Society of Maine

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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

1984

Legal Domicile

Principal Officer

Christopher J Beichner

Phone

2079459200

Tax Period

2024-08-01 to 2025-07-31

Forest Society of Maine, founded in 1984, is a community nonprofit in the Environment sector that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 49% operating margin.

Mission

The Forest Society of Maine conserves Maine forestlands to sustain their ecological, economic, cultural and recreational values.

Program Service Accomplishments

Program 1

Expenses: $1,632,373 Revenue: $10,389

Permanently conserved forestlands primarily utilizing conservation easements; monitored and enforced the terms of the conservation easements for which FSM is responsible; worked with forestland...

Permanently conserved forestlands primarily utilizing conservation easements; monitored and enforced the terms of the conservation easements for which FSM is responsible; worked with forestland owners and communities to discuss and plan future conservation projects. Worked with community members on efforts to inform others of the importance of maintaining sustainably managed forests to mitigate the effects of climate change. Specifically, FSM worked on two family conservation projects to move them closer toward completion and began to work collaboratively with three partners to undertake one very significant conservation project to conserve 78,000 acres in western Maine. All of these conservation efforts support maintaining the significant cultural, ecological, economic, and recreational resources of Maine's forestlands.

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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 $3,113,534

Program Service Revenue $10,389

Investment Income $887,237

Other Revenue $15,970

TOTAL REVENUE $4,027,130

Expense Breakdown

Grants Paid $16,495

Salaries & Benefits $1,100,527

Fundraising Expenses $167,281

Program Expenses $1,632,373

Other Expenses $928,931

TOTAL EXPENSES $2,045,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,027,130	$5,485,244	-0.3%
Expenses	$2,045,953	$5,545,361	-0.6%
Net Income	$1,981,177	$-60,117	-34.0%

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

$170,970

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marcia McKeague	Chairperson	1.00	Officer Director	$0	$0	$0
Greg Millert	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Jay Espy	Secretary	1.00	Officer Director	$0	$0	$0
Catherine Robbins-Halsted	Treasurer	1.00	Officer Director	$0	$0	$0
CD Armstrong	Director	1.00	Director	$0	$0	$0
Barrie Brusila	Director	1.00	Director	$0	$0	$0
Benjamin Carlisle	Director	1.00	Director	$0	$0	$0
Dan Christensen	Director	1.00	Director	$0	$0	$0
Allison Economy	Director	1.00	Director	$0	$0	$0
Walter Graff	Director	1.00	Director	$0	$0	$0
Jim Hinds	Director	1.00	Director	$0	$0	$0
Norton Lamb	Director	1.00	Director	$0	$0	$0
Benny Lumbra	Director	1.00	Director	$0	$0	$0
Polly Mahoney	Director	1.00	Director	$0	$0	$0
Fred Morton	Director	1.00	Director	$0	$0	$0
Bonnie Newsom	Director	1.00	Director	$0	$0	$0
Steve Pelletier	Director	1.00	Director	$0	$0	$0
Ellen Pope	Director	1.00	Director	$0	$0	$0
Scott Riccio	Director	1.00	Director	$0	$0	$0
Honor Sage	Director	1.00	Director	$0	$0	$0
Barbara Vickery	Director	1.00	Director	$0	$0	$0
Nancy Stowell White	Director	1.00	Director	$0	$0	$0
Merrie Woodworth	Director	1.00	Director	$0	$0	$0
Karin Tilberg	Past President & CEO	40.00	Officer	$118,522	$14,115	$132,637
Christopher Beichner	President & CEO	40.00	Officer	$38,333	$0	$38,333

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	$4,027,130	$2,045,953	$19,243,857	$1,981,177
2024	$5,485,244	$5,545,361	$16,828,595	$-60,117
2023	$3,227,686	$1,417,843	$15,794,240	$1,809,843
2022	$9,213,606	$9,141,975	$13,403,658	$71,631
2021	$2,992,767	$931,075	$14,474,937	$2,061,692
2020	$1,863,144	$874,381	$11,071,661	$988,763
2019	$1,438,114	$1,056,132	$9,603,813	$381,982
2018	$2,640,813	$999,422	$9,136,273	$1,641,391