Midcoast Conservancy (EIN 222658964) - 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

1970

Legal Domicile

Principal Officer

Kathy Stevens

Phone

2073895150

Tax Period

2024-07-01 to 2025-06-30

Midcoast Conservancy, founded in 1970, is a community nonprofit in the Environment sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

Protection of vital lands and waters in midcoast 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 (2024)

Revenue Breakdown

Contributions & Grants $1,683,849

Program Service Revenue $69,526

Investment Income $152,464

Other Revenue $31,204

TOTAL REVENUE $1,937,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,012,534

Fundraising Expenses $265,471

Program Expenses $1,894,137

Other Expenses $1,366,689

TOTAL EXPENSES $2,379,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,937,043	$2,736,626	-0.3%
Expenses	$2,379,223	$2,369,679	+0.0%
Net Income	$-442,180	$366,947	-2.2%

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

200

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

$178,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andy Brand	Director	1.00	Director	$0	$0	$0
Brent Douglass	Director	1.00	Director	$0	$0	$0
Buck O'Herin	President	20.00	Officer Director	$0	$0	$0
Carolyn Gabbe	Director	4.00	Director	$0	$0	$0
Chris Kenoyer	Director	2.00	Director	$0	$0	$0
Chuck Dinsmore	Director	4.00	Director	$0	$0	$0
Joanne Steneck	Vice President	10.00	Officer Director	$0	$0	$0
Justin Ward	Treasurer	10.00	Officer Director	$0	$0	$0
Kathy Stevens	Director	4.00	Director	$0	$0	$0
Liz Petruska	Director	4.00	Director	$0	$0	$0
Sally Butler	Secretary	5.00	Officer Director	$0	$0	$0
Kristin Pennock	Co-Executive Director	40.00	Officer	$72,141	$12,872	$85,013
Timothy Trumbauer	Co-Executive Director	40.00	Officer	$55,308	$10,950	$66,258
Sarah Giffen Carr	Co-Executive Director	40.00	Officer	$24,319	$3,068	$27,387

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	$1,937,043	$2,379,223	$11,008,428	$-442,180
2024	$2,736,626	$2,369,679	$13,257,362	$366,947
2023	$2,820,623	$1,987,497	$12,943,982	$833,126
2022	$2,280,236	$1,463,235	$15,288,449	$817,001
2022	$2,280,236	$1,787,441	$11,386,688	$492,795
2020	$1,144,535	$716,338	$14,271,594	$428,197
2019	$1,951,701	$1,351,421	$13,818,677	$600,280
2018	$1,780,807	$996,288	$8,314,856	$784,519

Midcoast Conservancy