MAINE EDUCATORS CONSORTIUM INC

EIN: 270380200 501(c)(3) Education

NORRIDGEWOCK, ME

Total Revenue
$1,773,842
Total Expenses
$1,644,415
Total Assets
$1,307,089
Net Assets
$1,305,364
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
ME
Principal Officer
DONNA A CAMERON
Phone
2076344413
Tax Period
2024-01-01 to 2024-12-31

MAINE EDUCATORS CONSORTIUM INC, founded in 2009, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 7% surplus.

Mission

TO PROVIDE MAINE EDUCATORS AFFORDABLE, COLLEGE ACCREDITED, PROFESSIONAL DEVELOPMENT.

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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 $1,742,081
Investment Income $31,761
Other Revenue $0
TOTAL REVENUE $1,773,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $588,576
Fundraising Expenses $0
Program Expenses $1,268,405
Other Expenses $1,055,839
TOTAL EXPENSES $1,644,415

Year-over-Year Comparison

2024 2023 Change
Revenue $1,773,842 $1,715,109 +0.0%
Expenses $1,644,415 $1,297,106 +0.3%
Net Income $129,427 $418,003 -0.7%
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
2
Independent Members
1
Employees
2
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
1
$422,250
Total Directors
2
$422,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA A CAMERON EXECUTIVE DI 60.00
Officer Director
$356,250 $66,000 $422,250
JOYCE FOLEY BOARD MEMBER 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 $1,773,842 $1,644,415 $1,307,089 $129,427
2023 $1,715,109 $1,297,106 $1,200,751 $418,003
2022 $1,437,652 $1,342,123 $780,783 $95,529
2021 $1,373,239 $1,149,851 $777,138 $223,388
2020 $1,181,833 $1,023,110 $441,733 $158,723
2019 $1,027,682 $966,000 $293,891 $61,682
2018 $765,728 $832,438 $262,208 $-66,710
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