FOREST SOCIETY OF MAINE (EIN 020413555) - 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

1984

Legal Domicile

Principal Officer

KARIN TILBERG

Phone

2079459200

Tax Period

2023-08-01 to 2024-07-31

FOREST SOCIETY OF MAINE, founded in 1984, is a community nonprofit in the Environment sector that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. Net assets of $16.8M represent 37 months of operating reserves.

Mission

THE FOREST SOCIETY OF MAINE CONSERVES MAINE FORESTLANDS TO SUSTAIN THEIR ECOLOGICAL, ECONOMIC, CULTURAL AND RECREATIONAL VALUES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,860,012

Program Service Revenue $5,765

Investment Income $592,867

Other Revenue $26,600

TOTAL REVENUE $5,485,244

Expense Breakdown

Grants Paid $570,440

Salaries & Benefits $959,522

Fundraising Expenses $63,734

Program Expenses $5,252,191

Other Expenses $4,015,399

TOTAL EXPENSES $5,545,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,485,244	$3,227,686	+0.7%
Expenses	$5,545,361	$1,417,843	+2.9%
Net Income	$-60,117	$1,809,843	-1.0%

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

$136,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MILLERT	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARCIA MCKEAGUE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CATHERINE ROBBINS-HALSTED	TREASURER	1.00	Officer Director	$0	$0	$0
JAY ESPY	SECRETARY	1.00	Officer Director	$0	$0	$0
CD ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE BOULETTE	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
CAROLE DYER	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON A 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 BUZZ 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
JOHN TEWHEY	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
MERRILL WOODWORTH	DIRECTOR	1.00	Director	$0	$0	$0
KARIN TILBERG	PRESIDENT & CEO	40.00	Officer	$123,956	$13,035	$136,991

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	$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

FOREST SOCIETY OF MAINE