MAINE ALPHA CORP OF SIGMA PHI EPSILON (EIN 237277292) - 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

1953

Legal Domicile

Principal Officer

ALEC YOUNG

Tax Period

2023-10-01 to 2024-09-30

MAINE ALPHA CORP OF SIGMA PHI EPSILON, founded in 1953, is a small nonprofit that reported $108K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $283K exceeded revenue, resulting in a 162% operating deficit.

Mission

WE ARE HOLDING THE CHAPTER HOUSE FOR SIGMA PHI EPSILON AT THE UNIVERSITY OF MAINE AT ORONO THERE ARE TYPICALLY OVER 50 ENROLLED STUDENTS THAT BENEFIT ANNUALLY FROM THIS HOUSINGADDITIONALLY WE PROVIDE SCHOLORSHIPS BASED ON ACADEMIC ACHIEVMENT AND OTHER WORTHINESS CRITERIA

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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 $0

Program Service Revenue $107,905

Investment Income $31

Other Revenue $0

TOTAL REVENUE $107,936

Expense Breakdown

Grants Paid $550

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $282,621

Other Expenses $282,071

TOTAL EXPENSES $282,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,936	$164,115	-0.3%
Expenses	$282,621	$130,818	+1.2%
Net Income	$-174,685	$33,297	-6.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE FINNEMORE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ALEC YOUNG	PRESIDENT	6.00	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	No data	No data	No data	No data
2024	$107,936	$282,621	$713,662	$-174,685
2023	$164,115	$130,818	$866,690	$33,297
2022	$106,559	$168,511	$802,140	$-61,952
2021	$64,021	$93,174	$874,388	$-29,153
2020	$138,021	$102,933	$883,918	$35,088
2019	$130,204	$100,959	$827,154	$29,245
2018	$195,327	$179,899	$775,522	$15,428

MAINE ALPHA CORP OF SIGMA PHI EPSILON