Maine Family Resource Center

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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

2001

Legal Domicile

Principal Officer

Carrie Oliver

Phone

2074482383

Tax Period

2024-01-01 to 2024-12-31

Maine Family Resource Center, founded in 2001, is a small nonprofit in the Education sector that reported $485K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

To support the development and growth of healthy families and communities in Northern Maine with a focus on supporting all students meeting academic standards, graduating high school, and preparing them for responsible citizenship, further learning and productive employment.

Program Service Accomplishments

Program 1

Expenses: $296,682

To ensure that all disadvantaged students reach challenging academic standards and graduate with a high school diploma to prepare them for responsible citizenship, further learning, and productive...

To ensure that all disadvantaged students reach challenging academic standards and graduate with a high school diploma to prepare them for responsible citizenship, further learning, and productive employment.

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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 $483,172

Program Service Revenue $0

Investment Income $191

Other Revenue $2,131

TOTAL REVENUE $485,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,351

Fundraising Expenses $0

Program Expenses $296,682

Other Expenses $315,839

TOTAL EXPENSES $480,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$485,494	$432,724	+0.1%
Expenses	$480,190	$455,683	+0.1%
Net Income	$5,304	$-22,959	-1.2%

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

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
Carrie Oliver	President	001.00	Officer Director	$0	$0	$0
Anna Crone	Vice President	001.00	Officer Director	$0	$0	$0
Carol Gould	Treasurer / Secretary	001.00	Officer Director	$0	$0	$0
Judy Crone	Director	001.00	Director	$0	$0	$0
Tonya Faulkner	Director	001.00	Director	$0	$0	$0
Rhonda Irish	Director	001.00	Director	$0	$0	$0
Pam Bartlett	Director	001.00	Director	$0	$0	$0
Jill Plummer	Director	001.00	Director	$0	$0	$0
Lorraine Harris	Director	001.00	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
2025	No data	No data	No data	No data
2024	$485,494	$480,190	$83,159	$5,304
2023	$432,724	$455,683	$92,675	$-22,959
2022	$362,281	$377,835	$105,609	$-15,554
2021	$403,914	$401,815	$122,629	$2,099
2020	$335,683	$360,250	$109,325	$-24,567
2019	$546,799	$509,736	$139,198	$37,063
2018	$462,618	$464,945	$118,871	$-2,327