MAINE CRAFTS ASSOCIATION (EIN 222495611) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

WHITNEY GILL

Phone

2072050791

Tax Period

2023-01-01 to 2023-12-31

MAINE CRAFTS ASSOCIATION, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $233K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $257K exceeded revenue, resulting in a 10% operating deficit.

Mission

MAINE CRAFTS ASSOCIATION BUILDS UPON MAINE'S RICH CRAFT TRADITIONS BY NURTURING A VIBRANT, SUPPORTIVE, INCLUSIVE CRAFT COMMUNITY WITH EDUCATIONAL PROGRAMS AND RESOURCES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $148,271

Program Service Revenue $68,400

Investment Income $8,640

Other Revenue $7,758

TOTAL REVENUE $233,069

Expense Breakdown

Grants Paid $35,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $128,780

Other Expenses $221,498

TOTAL EXPENSES $257,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,069	$298,768	-0.2%
Expenses	$257,298	$232,483	+0.1%
Net Income	$-24,229	$66,285	-1.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$114,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON RICHARDS	PRESIDENT	4.00	Officer Director	$0	$0	$0
LISA EVANS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE PETERS	SECRETARY	1.00	Officer Director	$0	$0	$0
JANET CAMPAGNA	TREASURER	1.00	Officer Director	$0	$0	$0
DEANA BOYAGES	BOARD MEMBER	0.25	Director	$0	$0	$0
KATIE CAPOZZA	BOARD MEMBER	0.25	Director	$0	$0	$0
LISA CYLINDER	BOARD MEMBER THRU AUG	0.25	Director	$0	$0	$0
TOM DAHLKE	BOARD MEMBER THRU SEPT	0.25	Director	$0	$0	$0
LAWRENCE HOLLINS	BOARD MEMBER	0.25	Director	$0	$0	$0
ASHLEY PARKER	BOARD MEMBER	0.25	Director	$0	$0	$0
KYLE PATNAUDE	BOARD MEMBER	0.25	Director	$0	$0	$0
WHITNEY GILL	EXECUTIVE DIRECTOR	30.00	Officer	$0	$20	$70,126
ALISON GODBURN	EXEC DIRECTOR THRU APRIL	20.00	Officer	$0	$0	$44,527

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	$233,069	$257,298	$241,551	$-24,229
2022	$298,768	$232,483	$267,532	$66,285
2021	$829,856	$778,486	$304,550	$51,370
2020	$502,692	$514,586	$375,247	$-11,894
2019	$587,525	$630,125	$113,438	$-42,600
2018	$604,436	$565,895	$154,956	$38,541

MAINE CRAFTS ASSOCIATION