Research and Education Trust c/o Maine Hospital Association (EIN 237257058) - 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

1972

Legal Domicile

Principal Officer

Steven Michaud

Phone

2076224794

Tax Period

2024-10-01 to 2025-09-30

Research and Education Trust c/o Maine Hospital Association, founded in 1972, is a small nonprofit in the Health Care sector that reported $239K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 25% operating margin.

Mission

Providing continuing education to hospitals.

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,515

Program Service Revenue $208,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $238,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,288

Fundraising Expenses $0

Program Expenses $171,702

Other Expenses $18,780

TOTAL EXPENSES $179,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,515	$237,700	+0.0%
Expenses	$179,068	$184,475	0.0%
Net Income	$59,447	$53,225	+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

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

$675,464

Total Directors

$675,464

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Michaud	President	2.00	Officer Director	$0	$44,722	$675,464
Christina Maguire	Chair	1.00	Officer Director	$0	$0	$0
Steve Littleson	Vice Chair	1.00	Officer Director	$0	$0	$0
Nate Howell	Treasurer	1.00	Officer Director	$0	$0	$0
Patrick Taylor	Secretary	1.00	Officer 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	$238,515	$179,068	$118,485	$59,447
2024	$237,700	$184,475	$59,038	$53,225
2023	$186,000	$217,034	$5,813	$-31,034
2022	$215,679	$210,681	$51,643	$4,998
2021	$214,296	$207,186	$63,086	$7,110
2020	$211,671	$211,861	$35,791	$-190
2019	$211,470	$204,133	$61,746	$7,337
2018	$206,131	$198,676	$37,800	$7,455

Research and Education Trust c/o Maine Hospital Association