MAINE WESLEYAN BOARD OF EDUCATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $60,611 Revenue: $49,308

Support operations of the Kents Hill School.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

$2,000

Total Directors

Key Employees

Highest Compensated

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