Maine Media College

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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

2006

Legal Domicile

Principal Officer

Michael Mansfield

Phone

2072368581

Tax Period

2024-01-01 to 2024-12-31

Maine Media College, founded in 2006, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $4.0M left a modest 13% surplus.

Mission

Program Service Accomplishments

Program 1

Expenses: $3,333,476 Revenue: $3,253,581

Maine Media Workshops & College educates and inspires visual artists and storytellers to achieve their creative potential. We provide lifelong learning opportunities for those pursuing the fine arts and media-related professions. We are committed to fostering a diverse community that values creativity, respects culture, and seeks to deepen human understanding and expand communication in the world.Maine Media College was granted accreditation through NECHE in March of 2023.Maine Media offers a Master of Fine Arts degree, one-year certificates in Visual Storytelling and Collaborative Filmmaking and more than 450 short term workshops and master classes. Workshops are now offered both on-campus and on-line.In addition, the school had new offerings in directing, design, and book arts that successfully attracted new enrollments in our workshops.The school continues to explore new workshop offerings each year. The Arnold and Augusta Newman Fund was established in 2020, funded by the Arnold and Augusta Newman Foundation, to support the $20,000 annual Arnold Newman Prize for New Directions in Photographic Portraiture, including all costs for administering the prize, exhibition, and awards ceremony. In 2024 additional funds were added to support publication of work from winning submissions. The fund also supports Arnold Newman Scholarships for Photographers, Certificate and MFA Degree students, and the Arnold Newman Master's series.

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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 $1,270,923

Program Service Revenue $3,253,581

Investment Income $50,831

Other Revenue $18,993

TOTAL REVENUE $4,594,328

Expense Breakdown

Grants Paid $56,160

Salaries & Benefits $1,912,385

Fundraising Expenses $257,465

Program Expenses $3,333,476

Other Expenses $2,022,936

TOTAL EXPENSES $3,991,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,594,328	$3,384,658	+0.4%
Expenses	$3,991,481	$3,960,694	+0.0%
Net Income	$602,847	$-576,036	-2.0%

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

$315,617

Total Directors

$164,059

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Mansfield	President	40.00	Officer Director	$130,806	$33,253	$164,059
Larry Hott	Chair	2.00	Officer Director	$0	$0	$0
Joanna Jones	Vice-Chair	2.00	Officer Director	$0	$0	$0
James Dillon	Treasurer	2.00	Officer Director	$0	$0	$0
Sal Taylor Kydd	Secretary	2.00	Officer Director	$0	$0	$0
Anna Ginn	Director (thru 12/14/24)	1.00	Director	$0	$0	$0
Sean Alonzo Harris	Director	1.00	Director	$0	$0	$0
Rick Hopper	Director	1.00	Director	$0	$0	$0
Ann Ramsey Jenkins	Director	1.00	Director	$0	$0	$0
Mark McGowan	Director	1.00	Director	$0	$0	$0
Van Pulley	Director	1.00	Director	$0	$0	$0
Liv Rockefeller	Director (thru 12/14/24)	1.00	Director	$0	$0	$0
Ellen Slotnick	Director	1.00	Director	$0	$0	$0
Nils Tcheyan	Director	1.00	Director	$0	$0	$0
Robert Toteras	Director	1.00	Director	$0	$0	$0
Joseph Tovares	Director	1.00	Director	$0	$0	$0
Elizabeth Greenburg	Provost	40.00	Officer	$136,882	$14,676	$151,558

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	$4,594,328	$3,991,481	$7,465,378	$602,847
2023	$3,384,658	$3,960,694	$6,791,001	$-576,036
2022	$3,411,239	$3,508,729	$7,005,043	$-97,490
2021	$3,148,520	$2,907,306	$7,429,016	$241,214
2020	$3,267,170	$2,543,809	$7,209,442	$723,361
2019	$4,056,075	$3,848,030	$5,186,067	$208,045
2018	$3,669,439	$3,652,892	$4,883,878	$16,547