USM Student Senate (EIN 222494572) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

Lawson Owanda Field

Phone

2072288503

Tax Period

2023-07-01 to 2024-06-30

USM Student Senate, founded in 1994, is a small nonprofit that reported $485K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $449K left a modest 7% surplus.

Mission

Operation and management of student government services for the University of Southern Maine.

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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 $457,418

Program Service Revenue $0

Investment Income $5

Other Revenue $27,829

TOTAL REVENUE $485,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,516

Fundraising Expenses $14,959

Program Expenses $391,891

Other Expenses $246,515

TOTAL EXPENSES $449,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,252	$632,990	-0.2%
Expenses	$449,031	$808,934	-0.4%
Net Income	$36,221	$-175,944	-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

$13,500

Total Directors

$29,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justice Michaud	Student Senate Chair	6.00	Officer Director	$4,500	$0	$4,500
Gerald Gagne	Student Senate Parliamentarian	6.00	Officer Director	$4,500	$0	$4,500
Marshall Burt	Student Senate Treasurer	6.00	Officer Director	$4,500	$0	$4,500
AJ Pettengill	Student Senate Clerk	6.00	Director	$4,000	$0	$4,000
Riley Worth	Student Body President	6.00	Director	$4,500	$0	$4,500
Justin Le	Student Body Vice President	6.00	Director	$4,000	$0	$4,000
Andrew Seile	Board of Trustees Student Representative	6.00	Director	$3,000	$0	$3,000

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	$485,252	$449,031	$265,368	$36,221
2023	$632,990	$808,934	$769,866	$-175,944
2022	$667,174	$851,889	$942,969	$-184,715
2021	$724,442	$683,540	$1,132,246	$40,902
2019	$724,928	$710,477	$785,362	$14,451
2018	$756,095	$762,484	$779,494	$-6,389

USM Student Senate