MAINE SCHOOL OF SCIENCE AND MATHEMATICS FOUNDATION (EIN 223332222) - 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

1994

Legal Domicile

Principal Officer

HEATHER MERRIMAN

Phone

2074931361

Tax Period

2023-07-01 to 2024-06-30

MAINE SCHOOL OF SCIENCE AND MATHEMATICS FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $304K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $476K exceeded revenue, resulting in a 56% operating deficit.

Mission

THE MSSM FOUNDATION HELPS TO ENSURE THE LONG-TERM SUCCESS OF THE MAINE SCHOOL OF SCIENCE AND MATHEMATICS BY RAISING AND DISTRIBUTING RESOURCES TO ENHANCE ITS EDUCATIONAL OFFERINGS, MAINTAIN AN OUTSTANDING FACULTY, AND ENSURE ACCESS TO ALL QUALIFIED STUDENTS.

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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 $221,029

Program Service Revenue $0

Investment Income $83,287

Other Revenue $0

TOTAL REVENUE $304,316

Expense Breakdown

Grants Paid $194,222

Salaries & Benefits $121,110

Fundraising Expenses $90,868

Program Expenses $277,701

Other Expenses $160,455

TOTAL EXPENSES $475,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$304,316	$547,086	-0.4%
Expenses	$475,787	$366,230	+0.3%
Net Income	$-171,471	$180,856	-1.9%

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

$112,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF CANDURA	EXECUTIVE DI	40.00	Officer	$112,142	$0	$112,142
DOUGLAS BASTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BUTERA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CONSTANTINE	SECRETARY	1.00	Officer Director	$0	$0	$0
CLARK COPELIN	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID HAINES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KING	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER MERRIMAN	CHAIR	1.00	Officer Director	$0	$0	$0
LAUREN NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH ROUSSEAU	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA SCHEPPELE	DIRECTOR	1.00	Director	$0	$0	$0
MILES SWEET	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ARTHUR THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
WARREN WINSLOW	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA YURKO	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$304,316	$475,787	$919,867	$-171,471
2023	$547,086	$366,230	$1,067,369	$180,856
2022	$423,484	$281,401	$875,129	$142,083
2021	$174,214	$103,117	$848,962	$71,097
2020	$159,264	$83,669	$621,953	$75,595
2019	$148,492	$168,886	$573,098	$-20,394
2018	$142,029	$105,532	$548,857	$36,497

MAINE SCHOOL OF SCIENCE AND MATHEMATICS FOUNDATION