Vincent B and Barbara G Welch Supporting Organization (EIN 270676659) - 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

2009

Legal Domicile

Principal Officer

Deborah Ellwood

Phone

2076679735

Tax Period

2024-01-01 to 2024-12-31

Vincent B and Barbara G Welch Supporting Organization, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $522K, a strong 52% operating margin.

Mission

Support the Maine Community Foundation (MCF) and its charitable and educational purposes.

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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 $0

Other Revenue $1,007,651

TOTAL REVENUE $1,007,651

Expense Breakdown

Grants Paid $322,443

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $324,352

Other Expenses $163,618

TOTAL EXPENSES $486,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,007,651	$720,310	+0.4%
Expenses	$486,061	$367,399	+0.3%
Net Income	$521,590	$352,911	+0.5%

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

$830,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sue Doliner	Director	0.10	Director	$0	$0	$0
Douglas M Henry	Director	0.10	Director	$0	$0	$0
Amanda V Rand	Director	0.10	Director	$0	$0	$0
Sally G Vamvakias	President/Director	0.10	Officer Director	$0	$0	$0
Eric Blakeman	Vice President/Director	0.10	Officer Director	$0	$0	$0
Deborah Ellwood	MCF President & CEO	0.10	Officer	$0	$32,435	$366,339
Michele Camarco	Treasurer/MCF CFO (end 10/2024)	0.10	Officer	$0	$26,411	$214,422
Brendon Reay	Treasurer/MCF CFO (start 12/2024)	0.10	Officer	$0	$17,076	$249,679

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	$1,007,651	$486,061	$8,549,244	$521,590
2023	$720,310	$367,399	$8,053,331	$352,911
2022	$331,437	$843,226	$7,533,099	$-511,789
2021	$525,715	$373,144	$9,035,802	$152,571
2020	$268,024	$311,238	$7,875,354	$-43,214
2019	$171,582	$272,587	$7,158,985	$-101,005
2018	$469,795	$803,731	$6,595,568	$-333,936

Vincent B and Barbara G Welch Supporting Organization