Educate 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

2003

Legal Domicile

Principal Officer

Jason Judd EDD

Phone

2073478638

Tax Period

2023-01-01 to 2023-12-31

Educate Maine, founded in 2003, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

To champion college and career readiness and strive to increase the educational attainment of the Maine workforce.

Program Service Accomplishments

Program 1

Expenses: $1,889,462 Revenue: $238,428

To increase post secondary degree attainment for Maine people.

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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 $1,925,445

Program Service Revenue $238,428

Investment Income $1,162

Other Revenue $0

TOTAL REVENUE $2,165,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,002,053

Fundraising Expenses $86,110

Program Expenses $1,889,462

Other Expenses $1,266,929

TOTAL EXPENSES $2,268,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,165,035	$1,542,987	+0.4%
Expenses	$2,268,982	$1,701,737	+0.3%
Net Income	$-103,947	$-158,750	-0.3%

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

$131,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Boles	Director	1.00	Director	$0	$0	$0
Barry Driscoll	Director	1.00	Director	$0	$0	$0
Clif Greim	Chair	4.00	Officer Director	$0	$0	$0
Dan Coffey	Director	1.00	Director	$0	$0	$0
Gary Merrill	Second Chair	2.00	Officer Director	$0	$0	$0
Janet Sortor	Vice Chair	2.00	Officer Director	$0	$0	$0
Lindsay Skilling	Secretary	2.00	Officer Director	$0	$0	$0
Lisa Sawin	Director	1.00	Director	$0	$0	$0
Liz Riley	Treasurer	2.00	Officer Director	$0	$0	$0
Michael Cato	Director	1.00	Director	$0	$0	$0
Paul Bolin	Director	1.00	Director	$0	$0	$0
James Martin	Director	1.00	Director	$0	$0	$0
Steve deCastro	Director	1.00	Director	$0	$0	$0
Anthony DiMarco	Director	1.00	Director	$0	$0	$0
Brian King	Director	1.00	Director	$0	$0	$0
David Pease	Director	1.00	Director	$0	$0	$0
Rosa Redonnet	Director	1.00	Director	$0	$0	$0
Umberto Speranza	Director	1.00	Director	$0	$0	$0
Kelsey Stoyanova	Director	1.00	Director	$0	$0	$0
Grier Tumas Dienstag	Director	1.00	Director	$0	$0	$0
Jason Judd EDD	Executive Director	40.00	Officer	$117,575	$14,336	$131,911

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	$2,165,035	$2,268,982	$983,361	$-103,947
2022	$1,542,987	$1,701,737	$1,053,605	$-158,750
2021	$852,659	$1,120,357	$1,112,374	$-267,698
2020	$1,324,808	$1,405,912	$1,499,547	$-81,104
2019	$1,954,225	$1,616,995	$1,506,393	$337,230
2018	$1,205,117	$992,407	$1,229,391	$212,710