Research and Education Trust c/o Maine Hospital Association

EIN: 237257058 501(c)(3) Health Care

Augusta, ME

Total Revenue
$238,515
Total Expenses
$179,068
Total Assets
$118,485
Net Assets
$118,485
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
ME
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

To promote and sponsor educational programs for training of hospital and healthcare personnel and foster research in hospital administration.

Program Service Accomplishments

Program 1
Expenses: $171,702 Revenue: $208,000

The Research and Education Trust (RET) provides information and education on a continuing basis on hospital policymaking and current health care issues through education programs.

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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%)

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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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Governance

Voting Members
5
Independent Members
4
Employees
3
Volunteers
5

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
5
$675,464
Total Directors
5
$675,464
Key Employees
0
$0
Highest Compensated
0
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
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