MAINE MUSIC SOCIETY

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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

1991

Legal Domicile

Principal Officer

CONNIE HITCHCOCK

Phone

2073333386

Tax Period

2023-07-01 to 2024-06-30

MAINE MUSIC SOCIETY, founded in 1991, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $94K in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE MAINE MUSIC SOCIETY IS TO EMPOWER AND INSPIRE A CHORAL COMMUNITY THROUGH GROUP SINGING.THE MAINE MUSIC SOCIETY SERVES AREA COMMUNITIES BY BRINGING QUALITY PERFORMANCES TO THE PUBLIC THROUGH ARTISTIC EXCELLENCE AND IMAGINATIVE PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $34,569 Revenue: $44,064

PRODUCES CONCERTS AND MUSIC PROGRAMS IN VARIOUS LOCATIONS IN CENTRAL AND WESTERN 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 $42,000

Program Service Revenue $44,064

Investment Income $488

Other Revenue $7,779

TOTAL REVENUE $94,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,342

Program Expenses $34,569

Other Expenses $92,010

TOTAL EXPENSES $92,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,331	$87,728	+0.1%
Expenses	$92,010	$86,101	+0.1%
Net Income	$2,321	$1,627	+0.4%

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

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

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BLOCHER	ASSOCIATE DIRECTOR	2.00	Director	$0	$0	$0
CONNIE HITCHCOCK	IMMEDIATE PAST CHAIR	4.00	Director	$0	$0	$0
SUSAN TRASK	SECRETARY	4.00	Officer Director	$0	$0	$0
DIANE MARQUIS	DIRECTOR	2.00	Director	$0	$0	$0
SHERYL WHITMORE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GIL LAPOINTE	TREASURER	3.00	Officer Director	$0	$0	$0
RICHARD O'BRIEN	CHAIR	2.00	Officer Director	$0	$0	$0
KAYLA CASWELL	DIRECTOR	2.00	Director	$0	$0	$0
KAREN MCARTHUR	DIRECTOR	2.00	Director	$0	$0	$0
JANE MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
LINDA NICKERSON	DIRECTOR	2.00	Director	$0	$0	$0
TARA S TRACY-SAUNDERS	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD NICKERSON	ARTISTIC DIRECTOR	2.00	Director	$18,000	$0	$18,000
RANDI CORNELIO	DIRECTOR	3.00	Director	$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	No data	No data	No data	No data
2024	$94,331	$92,010	$73,950	$2,321
2023	$87,728	$86,101	$70,176	$1,627
2022	$60,421	$68,882	$59,716	$-8,461
2021	$47,904	$26,511	$66,300	$21,393
2020	$82,998	$80,115	$45,478	$2,883
2019	$98,961	$106,580	$58,733	$-7,619
2018	$97,979	$115,099	$57,161	$-17,120