MAINE MATHEMATICS & SCIENCE ALLIANCE (EIN 223181644) - 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

1992

Legal Domicile

Principal Officer

RUTH KERMISH-ALLEN

Phone

2076263230

Tax Period

2022-07-01 to 2023-06-30

MAINE MATHEMATICS & SCIENCE ALLIANCE, founded in 1992, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MAINE MATH & SCIENCE ALLIANCE (MMSA) IS A 501(C)3 NONPROFIT ORGANIZATION THAT FINDS INSPIRING NEW WAYS TO GET PEOPLE EXCITED ABOUT SCIENCE, TECHNOLOGY, ENGINEERING AND MATH TODAY, SO THAT OUR YOUTH CAN BECOME THE INNOVATORS AND WORKFORCE OF TOMORROW. MMSA SUPPORTS EDUCATORS TO TEACH SCIENCE, TECHNOLOGY, ENGINEERING AND MATH IN MORE MEANINGFUL WAYS BY: -DEVELOPING PROFESSIONAL DEVELOPMENT EXPERIENCES FOR K-12 EDUCATORS -CONDUCTING RESEARCH AND EVALUATION OF STEM LEARNING EXPERIENCES -BUILDING RELATIONSHIPS AND NETWORKS TO SUSTAIN SYSTEMIC STATEWIDE IMPROVEMENTMMSA IS COMMITTED TO ADVANCING DIVERSITY, EQUITY, AND INCLUSION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,349,612

Program Service Revenue $484,352

Investment Income $2,667

Other Revenue $34,560

TOTAL REVENUE $3,871,191

Expense Breakdown

Grants Paid $463,974

Salaries & Benefits $3,143,662

Fundraising Expenses $34,427

Program Expenses $3,532,220

Other Expenses $960,016

TOTAL EXPENSES $4,567,652

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,871,191	$4,227,028	-0.1%
Expenses	$4,567,652	$3,768,083	+0.2%
Net Income	$-696,461	$458,945	-2.5%

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

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

$148,581

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGO MURPHY	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
KEVIN LONDON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SUSAN BATES	TREASURER, CHAIR FINANCE COMMITTEE	0.50	Officer Director	$0	$0	$0
ERICA BECK SPENCER	SECRETARY	0.50	Officer Director	$0	$0	$0
JENN GAGNER PHD	CHAIR, NOMINATING COMMITTEE	0.50	Director	$0	$0	$0
TODD GRISET	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN HATHAWAY	CHAIR, FUNDRAISING COMMITTEE	0.50	Director	$0	$0	$0
JEFF HECKER PHD	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA MERCADO	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA LETT	DIRECTOR	0.50	Director	$0	$0	$0
JOEL PIKE	DIRECTOR	0.50	Director	$0	$0	$0
LINDSEY COE	DIRECTOR	0.50	Director	$0	$0	$0
RUTH KERMISH-ALLEN	EXECUTIVE DIRECTOR	40.00	Officer	$130,864	$17,717	$148,581
KATE COOK-WHITT	STEM EDUCATION SPECIALIST	40.00	Highest	$106,943	$7,064	$114,007

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	No data	No data	No data	No data
2023	$3,871,191	$4,567,652	$1,738,419	$-696,461
2022	$4,227,028	$3,768,083	$1,772,264	$458,945
2021	$3,049,879	$2,914,740	$1,278,654	$135,139
2020	$2,679,567	$2,695,847	$1,192,380	$-16,280
2019	$2,367,977	$2,392,643	$1,224,925	$-24,666
2018	$2,879,012	$2,780,135	$1,252,586	$98,877

MAINE MATHEMATICS & SCIENCE ALLIANCE