EDUCARE CENTRAL MAINE (EIN 264176872) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

SUZANNE WALSH

Phone

2078591500

Tax Period

2023-10-01 to 2024-09-30

EDUCARE CENTRAL MAINE, founded in 2009, is a small nonprofit in the Education sector that reported $297K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $519K exceeded revenue, resulting in a 75% operating deficit.

Mission

EDUCARE CENTRAL MAINE WILL PROVIDE, MODEL AND EXTEND HIGH QUALITY EARLY CARE AND EDUCATION PRACTICES TO YOUNG CHILDREN, THEIR FAMILIES AND COMMUNITIES TO IMPROVE SCHOOL READINESS AND CLOSE THE ACHIEVEMENT GAP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $172,187

Program Service Revenue $0

Investment Income $75,907

Other Revenue $48,893

TOTAL REVENUE $296,987

Expense Breakdown

Grants Paid $306,712

Salaries & Benefits $0

Fundraising Expenses $4,041

Program Expenses $494,606

Other Expenses $212,321

TOTAL EXPENSES $519,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,987	$1,375,014	-0.8%
Expenses	$519,033	$543,754	0.0%
Net Income	$-222,046	$831,260	-1.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$178,448

Total Directors

$178,448

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM CLAIR	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
PETER HALLEN	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SUZANNE WALSH	SECRETARY/TREASURER	2.00	Officer Director	$0	$29,486	$178,448
BILL ALFOND	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BURKE	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HALEY	DIRECTOR	1.00	Director	$0	$0	$0
SAM HIGHT	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL ISAACS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MITCHELL	DIRECTOR	1.00	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
2024	$296,987	$519,033	$9,998,207	$-222,046
2023	$1,375,014	$543,754	$9,957,884	$831,260
2022	$409,236	$526,616	$9,050,689	$-117,380
2021	$403,943	$489,005	$9,472,369	$-85,062
2020	$186,271	$374,116	$9,461,876	$-187,845
2019	$1,064,934	$520,384	$9,561,225	$544,550
2018	$403,946	$515,646	$9,074,047	$-111,700

EDUCARE CENTRAL MAINE