MAINE WESLEYAN BOARD OF EDUCATION

EIN: 237275366 501(c)(3) Education

Topsham, ME

Total Revenue
$49,308
Total Expenses
$60,611
Total Assets
$1,828,198
Net Assets
$1,769,796
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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
1973
Legal Domicile
ME
Principal Officer
Pamela Bird
Phone
2078414248
Tax Period
2024-04-01 to 2025-03-31

MAINE WESLEYAN BOARD OF EDUCATION, founded in 1973, is a micro nonprofit in the Education sector that reported $49K in total revenue in fiscal year 2024. Expenses of $61K exceeded revenue, resulting in a 23% operating deficit.

Mission

Manage funds of the Maine Wesleyan Board of Education and provide support to the Kents Hill School in accordance with the Board Policies

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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 $0
Program Service Revenue $0
Investment Income $49,308
Other Revenue $0
TOTAL REVENUE $49,308

Expense Breakdown

Grants Paid $58,402
Salaries & Benefits $2,000
Fundraising Expenses $0
Program Expenses $60,611
Other Expenses $209
TOTAL EXPENSES $60,611

Year-over-Year Comparison

2024 2023 Change
Revenue $49,308 $47,707 +0.0%
Expenses $60,611 $59,451 +0.0%
Net Income $-11,303 $-11,744 0.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
8

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
4
$2,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pamela Bird treasurer 0.25
Officer
$2,000 $0 $2,000
Eleanor Collingsworth member / audit committee 0.1
Director
$0 $0 $0
Nancy Russell member 0.1
Director
$0 $0 $0
Karen Munson member 0.1
Director
$0 $0 $0
Joanne O'Connor member 0.1
Director
$0 $0 $0
Ariene Tully Member 0.1
Director
$0 $0 $0
Shelly Fitzgerald secretary 0.15
Officer
$0 $0 $0
Joel Munson Vice President / audit committee 0.15
Officer
$0 $0 $0
Mary Jerrigan President 0.15
Officer
$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 $49,308 $60,611 $1,828,198 $-11,303
2024 $47,707 $59,451 $1,163,350 $-11,744
2023 $42,530 $44,289 $1,191,719 $-1,759
2022 $36,879 $35,775 $1,135,593 $1,104
2021 $35,743 $35,235 $1,161,354 $508
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