Maine Center for Coastal Fisheries

EIN: 270069386 501(c)(3) Science & Technology

Stonington, ME

Total Revenue
$1,984,270
Total Expenses
$1,754,769
Total Assets
$1,846,540
Net Assets
$1,608,487
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
ME
Principal Officer
Alexa Dayton
Phone
2073672708
Tax Period
2024-07-01 to 2025-06-30

Maine Center for Coastal Fisheries, founded in 2003, is a community nonprofit in the Science & Technology sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 12% surplus.

Mission

1) Deliver practical tools and support for today's fishermen to adapt and succeed in a changing fishery.2) Partner with schools and community based groups to provide 9-12, university-level, and professional education to prepare community regulators and scientists for effective collaborative roles. 3) Lead an initiative to establish the Eastern Gulf of Maine as the first U.S. Ecosystem-based pilot where fisheries are co-managed by fishermen, community-based organizations, scientists and governments. 4) Contribute to ongoing learning and science-based community activities to support sustainable fisheries locally, nationally and globally. 5) Inform the public about a sustainable fishing future and engage broad support for the mission within and beyond Eastern Maine fishing communities. 6) Strengthen the Maine Center for Coastal Fisheries as a vital and maturing organization.

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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 $1,937,279
Program Service Revenue $0
Investment Income $10,376
Other Revenue $36,615
TOTAL REVENUE $1,984,270

Expense Breakdown

Grants Paid $259,418
Salaries & Benefits $1,004,292
Fundraising Expenses $263,788
Program Expenses $1,131,199
Other Expenses $491,059
TOTAL EXPENSES $1,754,769

Year-over-Year Comparison

2024 2023 Change
Revenue $1,984,270 $1,314,422 +0.5%
Expenses $1,754,769 $1,309,411 +0.3%
Net Income $229,501 $5,011 +44.8%
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
16
Independent Members
16
Employees
13
Volunteers
40

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
$158,200
Total Directors
16
$15,534
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marsden Brewer Chair 5.00
Officer Director
$0 $0 $0
David Thomas Vice-Chair 2.00
Officer Director
$0 $0 $0
Michelle Carter Treasurer 3.00
Officer Director
$0 $0 $0
Nancy Knowlton Secretary 2.00
Officer Director
$0 $0 $0
Chris Brown Director 1.00
Director
$0 $0 $0
Dwight Carver Director 1.00
Director
$0 $0 $0
Elizabeth Jewett Director 2.00
Director
$0 $0 $0
Nathaniel Lane Director 1.00
Director
$0 $0 $0
James Markos Director 2.00
Director
$0 $0 $0
Sarah McCloskey Director 1.00
Director
$0 $0 $0
Derek McCombs Director 2.00
Director
$0 $0 $0
John McMillan Director 1.00
Director
$13,284 $0 $13,284
Dana Morse Director 1.00
Director
$0 $0 $0
Joan Sorensen Development CMTE Chair 2.00
Director
$0 $0 $0
David Tarr Director 1.00
Director
$2,250 $0 $2,250
Steve Train Director 1.00
Director
$0 $0 $0
Alexa Dayton Executive Director 50.00
Officer
$135,984 $22,216 $158,200
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 $1,984,270 $1,754,769 $1,846,540 $229,501
2024 $1,314,422 $1,309,411 $1,625,093 $5,011
2023 $561,142 $624,400 $1,658,738 $-63,258
2022 $1,209,278 $1,354,813 $1,769,779 $-145,535
2021 $1,157,511 $1,146,594 $1,822,874 $10,917
2020 $780,053 $1,184,786 $1,860,667 $-404,733
2019 $1,238,277 $1,464,298 $2,418,899 $-226,021
2018 $1,005,708 $1,542,238 $2,458,305 $-536,530
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