Northern Maine Development Commission (EIN 222635303) - 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

1969

Legal Domicile

Principal Officer

Robert Clark

Phone

2074988736

Tax Period

2024-07-01 to 2025-06-30

Northern Maine Development Commission, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $5.7M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $5.2M left a modest 8% surplus.

Mission

To serve the northern Maine region with effective regional community planning and economic development.

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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 $2,756,279

Program Service Revenue $1,648,248

Investment Income $86,539

Other Revenue $1,226,859

TOTAL REVENUE $5,717,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,455,585

Fundraising Expenses $0

Program Expenses $5,185,405

Other Expenses $2,776,749

TOTAL EXPENSES $5,232,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,717,925	$10,161,030	-0.4%
Expenses	$5,232,334	$5,122,717	+0.0%
Net Income	$485,591	$5,038,313	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandra Fournier	Director	001.00	Director	$0	$0	$0
Kelly Garrison	Director	001.00	Director	$0	$0	$0
Cheryl Clark	Director	001.00	Director	$0	$0	$0
Michelle Bernier	Vice Chair	001.00	Director	$0	$0	$0
Tracy Boyce	Director	001.00	Director	$0	$0	$0
Max Lynds	Director	001.00	Director	$0	$0	$0
David Cyr	Director	001.00	Director	$0	$0	$0
Gene Bradbury	Director	001.00	Director	$0	$0	$0
Suzie Paradis	Treasurer	001.00	Officer Director	$0	$0	$0
Alicia Burby	Director	001.00	Director	$0	$0	$0
Steve Pelletier	Chairperson	001.00	Director	$0	$0	$0
Dave Daigle	Director	001.00	Director	$0	$0	$0
John Sutherland	Director	001.00	Director	$0	$0	$0
Donna Turner	Director	001.00	Director	$0	$0	$0
Penny Thompson	Director	001.00	Director	$0	$0	$0
Lana Voisine	Secretary	001.00	Director	$0	$0	$0
Martin Dionne	Director	001.00	Director	$0	$0	$0
Vann White	Director	001.00	Director	$0	$0	$0
Kim Denbow	Director	001.00	Director	$0	$0	$0
William Dobbins	Director	001.00	Director	$0	$0	$0
Luke Dyer	Director	001.00	Director	$0	$0	$0
Aaron Houtari	Director	001.00	Director	$0	$0	$0
Edward Pocock III	Director	001.00	Director	$0	$0	$0
Kim Smith	Director	001.00	Director	$0	$0	$0
Dan Deveau	Director	001.00	Director	$0	$0	$0
Robert Clark	Executive Director	040.00	Officer	$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
2025	$5,717,925	$5,232,334	$34,793,685	$485,591
2024	$10,161,030	$5,122,717	$34,456,074	$5,038,313
2023	$12,637,728	$4,030,581	$27,286,195	$8,607,147
2022	$27,868,170	$26,142,280	$19,059,929	$1,725,890
2021	$32,269,814	$27,464,834	$20,810,299	$4,804,980
2020	$3,395,037	$3,283,681	$12,146,172	$111,356
2019	$2,999,105	$3,028,769	$11,857,176	$-29,664
2018	$2,673,671	$3,035,216	$12,379,225	$-361,545

Northern Maine Development Commission