Maine Coast Heritage Trust (EIN 237099105) - 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

Katherine D Stookey

Phone

2077297366

Tax Period

2023-01-01 to 2023-12-31

Maine Coast Heritage Trust, founded in 1970, is a mid-sized nonprofit in the Environment sector that reported $26.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.9M, a strong 22% operating margin.

Mission

Maine land conservation and protection

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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 $21,739,614

Program Service Revenue $130,447

Investment Income $4,724,872

Other Revenue $33,916

TOTAL REVENUE $26,628,849

Expense Breakdown

Grants Paid $9,337,621

Salaries & Benefits $6,052,873

Fundraising Expenses $1,494,003

Program Expenses $16,881,057

Other Expenses $5,331,648

TOTAL EXPENSES $20,722,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,628,849	$22,546,705	+0.2%
Expenses	$20,722,142	$12,766,248	+0.6%
Net Income	$5,906,707	$9,780,457	-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

Volunteers

573

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

$414,224

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Armstrong Jr	Chair	1.00	Officer Director	$0	$0	$0
MacKenzie Davis	Vice Chair	1.00	Officer Director	$0	$0	$0
Judy Wallingford	Treasurer	1.00	Officer Director	$0	$0	$0
John Adelman	Director	1.00	Director	$0	$0	$0
Ann Amstutz Hayes	Director	1.00	Director	$0	$0	$0
M Cameron Barrow	Director	1.00	Director	$0	$0	$0
Emily Beck	Director	1.00	Director	$0	$0	$0
Emily Bruce	Director	1.00	Director	$0	$0	$0
Alejendra Geiger-Ortiz	Director	1.00	Director	$0	$0	$0
Alexandra Hopkins	Director	1.00	Director	$0	$0	$0
Katherine Jans	Director	1.00	Director	$0	$0	$0
Amory Logan	Director	1.00	Director	$0	$0	$0
Christina Millet	Director	1.00	Director	$0	$0	$0
Philip Ryan	Director	1.00	Director	$0	$0	$0
Sam Spencer	Director	1.00	Director	$0	$0	$0
Sheridan Steele	Director	1.00	Director	$0	$0	$0
Nova Tower	Director	1.00	Director	$0	$0	$0
Benjamin Twining	Director	1.00	Director	$0	$0	$0
Edward E Wendell Jr	Director	1.00	Director	$0	$0	$0
Lucy McCarthy	Past Vice Chair	1.00	Officer Director	$0	$0	$0
Jean Wheeler	Past Director	1.00	Director	$0	$0	$0
Katherine D Stookey	President	40.00	Officer	$204,842	$42,300	$247,142
Joanne Favreau	Director of Finance & Administration	40.00	Officer	$147,463	$19,619	$167,082
Nichole Blanchard	Director of Engagement	40.00	Highest	$143,483	$30,996	$174,479
Jane Arbuckle	Director of Stewardship	40.00	Highest	$130,210	$19,975	$150,185
Elizabeth Ham	Director of Land Protection	40.00	Highest	$129,317	$26,365	$155,682
Karin Marchetti	General Counsel	28.00	Highest	$105,170	$20,737	$125,907

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	$26,628,849	$20,722,142	$298,161,205	$5,906,707
2022	$22,546,705	$12,766,248	$280,515,892	$9,780,457
2021	$21,037,195	$11,258,952	$288,737,271	$9,778,243
2020	$19,850,749	$11,344,458	$263,797,312	$8,506,291
2019	$29,333,003	$8,993,029	$242,373,719	$20,339,974
2018	$20,946,676	$9,122,493	$210,449,955	$11,824,183

Maine Coast Heritage Trust