University of Southern Maine Foundation (EIN 043350930) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

Ainsley Newman Wallace

Phone

2077804708

Tax Period

2023-07-01 to 2024-06-30

University of Southern Maine Foundation, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.9M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $20.2M exceeded revenue, resulting in a 127% operating deficit.

Mission

Support for the University of Southern Maine.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,826,991

Program Service Revenue $1,847,571

Investment Income $1,251,027

Other Revenue $0

TOTAL REVENUE $8,925,589

Expense Breakdown

Grants Paid $17,478,130

Salaries & Benefits $2,219,073

Fundraising Expenses $1,132,105

Program Expenses $18,120,997

Other Expenses $496,522

TOTAL EXPENSES $20,232,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,925,589	$9,872,134	-0.1%
Expenses	$20,232,872	$8,194,087	+1.5%
Net Income	$-11,307,283	$1,678,047	-7.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$409,342

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen deCastro	Chair	0.00	Officer Director	$0	$0	$0
Dean Murray '87	Vice Chair	0.00	Officer Director	$0	$0	$0
Timothy Griffin '05 '12G	Treasurer	0.00	Officer Director	$0	$0	$0
Todd Chamberlain	Secretary	0.00	Officer Director	$0	$0	$0
Daniel Crewe	Director	0.00	Director	$0	$0	$0
Justin Alfond	Director	0.00	Director	$0	$0	$0
Kelly Barden	Director	0.00	Director	$0	$0	$0
Kenneth Blaschke	Director	0.00	Director	$0	$0	$0
Kelly Brewer '11	Director	0.00	Director	$0	$0	$0
Robert H Dodge	Director	0.00	Director	$0	$0	$0
Dajaun Eubanks	Director	0.00	Director	$0	$0	$0
Mo Ibourk '03 '05G	Director	0.00	Director	$0	$0	$0
Stephen Irish '81	Director	0.00	Director	$0	$0	$0
Daniel Kleban '04	Director	0.00	Director	$0	$0	$0
Mike Marocco '81	Director	0.00	Director	$0	$0	$0
Rebecca McKinnell '06	Director	0.00	Director	$0	$0	$0
Casey Prentice	Director	0.00	Director	$0	$0	$0
John Ryan	Director	0.00	Director	$0	$0	$0
Lois Skillings '91G	Director	0.00	Director	$0	$0	$0
Ian Slaymaker '07 PhD	Director	0.00	Director	$0	$0	$0
Ray Stevens PhD '86 14H	Director	0.00	Director	$0	$0	$0
Linda Varrell '00	Director	0.00	Director	$0	$0	$0
Dr Jacqueline Edmondson	Executive Officio	1.00	Director	$0	$0	$0
Rebecca Swanson Conrad	Affliliated Representative	1.00	Director	$0	$0	$0
Jana Magnuson	Volunteer Finance Committee	1.00	Director	$0	$0	$0
Ainsley Newman Wallace	President	40.00	Officer	$192,740	$47,793	$240,533
Corey Hascall	Vice President	40.00	Officer	$143,988	$24,821	$168,809
Erin Macey	Executive Director	40.00	Highest	$119,750	$42,170	$161,920

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	No data	No data	No data	No data
2024	$8,925,589	$20,232,872	$49,556,091	$-11,307,283
2023	$9,872,134	$8,194,087	$57,792,646	$1,678,047
2022	$17,054,045	$7,721,875	$53,917,918	$9,332,170
2021	$17,108,196	$4,954,434	$49,206,133	$12,153,762
2021	$17,108,196	$4,954,434	$49,206,133	$12,153,762
2020	$6,793,300	$4,304,696	$31,008,162	$2,488,604
2020	$6,793,300	$4,304,696	$31,008,162	$2,488,604
2019	$7,421,962	$3,747,521	$28,488,474	$3,674,441

University of Southern Maine Foundation