MAINE COAST FISHERMENS ASSN

EIN: 134337702 501(c)(3) Environment

BRUNSWICK, ME

Total Revenue
$2,922,167
Total Expenses
$1,820,024
Total Assets
$3,521,349
Net Assets
$3,287,576
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
ME
Principal Officer
BENJAMIN D MARTENS KEY EMPLOY
Tax Period
2023-01-01 to 2023-12-31

MAINE COAST FISHERMENS ASSN, founded in 2011, is a community nonprofit in the Environment sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 38% operating margin.

Mission

WE WORK TO ENSURE THAT FISHERMEN HAVE A COMMUNITY INFRASTRUCTURE AND THE ENVIRONMENTAL RESOURCES TO MAINTAIN MAINES COASTAL CULTURAL IDENTITY AND SUSTAIN A VIBRANT WORKING WATERFRONT FOR EACH GENERATION OF MAINE FISHERMEN THROUGH EDUCATION, RESEARCH, ADVOCACY AND COLLABORATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,612,880
Program Service Revenue $180,809
Investment Income $66,538
Other Revenue $61,940
TOTAL REVENUE $2,922,167

Expense Breakdown

Grants Paid $0
Salaries & Benefits $480,400
Fundraising Expenses $147,982
Program Expenses $1,564,005
Other Expenses $1,269,624
TOTAL EXPENSES $1,820,024

Year-over-Year Comparison

2023 2022 Change
Revenue $2,922,167 $1,710,661 +0.7%
Expenses $1,820,024 $1,610,193 +0.1%
Net Income $1,102,143 $100,468 +10.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
8
Volunteers
11

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
5
$107,500
Total Directors
10
$0
Key Employees
1
$107,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN D MARTENS EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$107,500 $0 $107,500
BRYAN BICHREST POLICY COMMITTEE 10.00
Director
$0 $0 $0
RANDY CUSHMAN POLICY COMMITTEE 10.00
Director
$0 $0 $0
DAVID SCHWARTZ DEVELOPMENT COMMITTEE 10.00
Director
$0 $0 $0
SUSAN DESGROSSEILLIERS DEVELOPMENT COMMITTEE 10.00
Director
$0 $0 $0
NIKKI STROUT DEVELOPMENT COMMITTEE 10.00
Director
$0 $0 $0
KEVIN LIPSON DEVELOPMENT COMMITTEE 10.00
Director
$0 $0 $0
ALEX TODD CHAIR 10.00
Officer Director
$0 $0 $0
GERRY CUSHMAN VICE CHAIR 10.00
Officer Director
$0 $0 $0
LEE WALKER TREASURER 5.00
Officer Director
$0 $0 $0
ANDREW KRAUS SECRETARY 10.00
Officer 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 No data No data No data No data
2023 $2,922,167 $1,820,024 $3,521,349 $1,102,143
2022 $1,661,037 $1,502,708 $1,900,914 $158,329
2022 $1,710,661 $1,610,193 $2,216,534 $100,468
2021 $1,689,910 $1,604,221 $1,760,264 $85,689
2020 $1,744,192 $1,346,776 $1,658,455 $397,416
2018 $713,357 $494,206 $1,036,320 $219,151
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