MAINE CENTER FOR ECONOMIC POLICY

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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

1994

Legal Domicile

Principal Officer

GARRETT MARTIN

Phone

2076227381

Tax Period

2023-01-01 to 2023-12-31

MAINE CENTER FOR ECONOMIC POLICY, founded in 1994, is a community nonprofit in the Social Science sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MAINE CENTER FOR ECONOMIC POLICY PROVIDES CITIZENS, POLICYMAKERS, ADVOCATES, AND MEDIA WITH CREDIBLE AND RIGOROUS ECONOMIC ANALYSIS THAT ADVANCES ECONOMIC JUSTICE AND PROSPERITY FOR ALL MAINE PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $1,143,917 Revenue: $5,301

RESEARCH & EDUCATION - MECEP CONDUCTED ANALYSIS, EDUCATION, AND ADVOCACY TO ADVANCE PUBLIC POLICIES THAT IMPROVE MAINERS 'ECONOMIC WELL-BEING. 2023 ACCOMPLISHMENTS INCLUDE: EARNED 160 MEDIA...

RESEARCH & EDUCATION - MECEP CONDUCTED ANALYSIS, EDUCATION, AND ADVOCACY TO ADVANCE PUBLIC POLICIES THAT IMPROVE MAINERS 'ECONOMIC WELL-BEING. 2023 ACCOMPLISHMENTS INCLUDE: EARNED 160 MEDIA CITATIONS; PUBLISHED 6 MAJOR REPORTS, 40 BLOG ARTICLES, AND 6 OPINION PIECES; DELIVERED 95 PIECES OF TESTIMONY TO THE MAINE LEGISLATURE; PROVIDED COMMUNICATIONS ADVOCACY ON 5 PRIORITIES ISSUES; LAUNCHED A NEW TECHNICAL "EXPLAINERS" SERIES AND PUBLISHED 5 EXPLAINERS; HOSTED 11 EVENTS/PUBLIC PRESENTATIONS; MAINTAINED DAILY SOCIAL MEDIA CONTENT AND PUBLISHED A MONTHLY NEWSLETTER; AND CONVENED AND FACILITATED 4 COALITIONS.

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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 $1,240,195

Program Service Revenue $5,301

Investment Income $26,293

Other Revenue $303

TOTAL REVENUE $1,272,092

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $1,342,733

Fundraising Expenses $213,176

Program Expenses $1,143,917

Other Expenses $146,039

TOTAL EXPENSES $1,499,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,272,092	$1,144,593	+0.1%
Expenses	$1,499,772	$1,386,595	+0.1%
Net Income	$-227,680	$-242,002	-0.1%

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

$148,861

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRETT MARTIN	EXECUTIVE DI	34.00	Officer	$123,282	$25,579	$148,861
BARBARA BURT	CHAIR	2.00	Officer Director	$0	$0	$0
LUCY VAN HOOK	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
PAMELA COX	TREASURER	2.00	Officer Director	$0	$0	$0
BEN CHIN	SECRETARY	2.00	Officer Director	$0	$0	$0
SANDRA BUTLER	MEMBER	1.00	Director	$0	$0	$0
MAULIAN DANA	MEMBER	1.00	Director	$0	$0	$0
MARCUS HUTCHINS	MEMBER (LEFT	1.00	Director	$0	$0	$0
JESSICA MAURER	MEMBER	1.00	Director	$0	$0	$0
STACY MITCHELL	MEMBER	1.00	Director	$0	$0	$0
MATT SCHLOBOHM	MEMBER	1.00	Director	$0	$0	$0
LEE WEBB	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,272,092	$1,499,772	$1,081,376	$-227,680
2022	$1,144,593	$1,386,595	$1,302,237	$-242,002
2021	$1,641,319	$1,163,682	$1,534,214	$477,637
2020	$1,253,370	$1,032,344	$1,048,645	$221,026
2019	$1,418,762	$1,219,404	$832,880	$199,358
2018	$990,024	$1,047,375	$629,452	$-57,351