ClimateWork Maine

EIN: 271436307 501(c)(3) Health Care

Portland, ME

Total Revenue
$151,830
Total Expenses
$180,868
Total Assets
$4,508
Net Assets
$-7,057
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
ME
Principal Officer
Jeff Marks
Phone
2072729531
Tax Period
2023-01-01 to 2023-12-31

ClimateWork Maine, founded in 2011, is a small nonprofit in the Health Care sector that reported $152K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $181K exceeded revenue, resulting in a 19% operating deficit.

Mission

ClimateWork Maine (CWM) is a private non-profit 501(c)(3) organization based in Maine that serves as a support network for businesses and business leaders that are taking action on climate change, to meet its challenges and to seize the opportunities it presents to build a more sustainable economy for the future. Its purpose is to provide services and networking to support and promote Maine companies with products, services, or projects related to climate solutions, and to support and assist companies that want to do more on climate change, clean energy, and related work. CWM's overall objective is to strengthen the image or brand of Maine as a place to bring and build businesses focused on climate impacts with a network of businesses who share similar ideas and a workforce and economy prepared to support the industry.

Program Service Accomplishments

Program 1
Expenses: $120,589 Revenue: $36,217

ClimateWork Maine's 1st Summit on Maine's Economy & Climate Change (May 2023) was a huge success, bringing together Maine leaders to strategize on reshaping Maine's economy and what climate change...

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ClimateWork Maine's 1st Summit on Maine's Economy & Climate Change (May 2023) was a huge success, bringing together Maine leaders to strategize on reshaping Maine's economy and what climate change means for the future of businesses. The Summit featured 69 speakers, 24 sponsors, 24 partners, 30 exhibitors, and nearly 500 attendees. A follow-up survey was overwhelmingly positive. For example, 97% of attendees gave the Summit a positive rating with 95% responding that it met or exceeded expectations. Overall value, commitment to attend the next one, and recommendations to others to attend also scored in the 90th percentile. Most importantly, dozens of attendees signaled that they wanted to be more involved with CWM and the service it provides.The Summit followed two main tracks:1. Practical, tangible strategies to reduce carbon, save money and energy, and promote their products, projects, and services.2. Strategies the business community can take together to achieve energy, environmental, and economic progress.The Summit succeeded in its goal to connect, inform, inspire, and energize attendees, presented action items with business community commitment, and was intentional about gender, racial, and geographic diversity among speakers (and participants).

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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 (2023)

Revenue Breakdown

Contributions & Grants $115,613
Program Service Revenue $36,217
Investment Income $0
Other Revenue $0
TOTAL REVENUE $151,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,948
Fundraising Expenses $13,336
Program Expenses $120,589
Other Expenses $56,920
TOTAL EXPENSES $180,868

Year-over-Year Comparison

2023 2022 Change
Revenue $151,830 $100,568 +0.5%
Expenses $180,868 $99,270 +0.8%
Net Income $-29,038 $1,298 -23.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
11

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
6
$115,329
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan Caron Founder 1.00
Officer Director
$0 $0 $0
Doug McKeown Chair 1.00
Officer Director
$0 $0 $0
Lydia Covert Vice Chair 1.00
Officer Director
$0 $0 $0
Kevin Gildart Treasurer 1.00
Officer Director
$0 $0 $0
Megan Hellstedt Secretary 1.00
Officer Director
$0 $0 $0
Christine Baillargeon Director 1.00
Director
$0 $0 $0
Kristina Egan Director 1.00
Director
$0 $0 $0
Eric Fitz Director 1.00
Director
$0 $0 $0
Catherine Lee Director 1.00
Director
$0 $0 $0
Lisa Whited Director 1.00
Director
$0 $0 $0
Barry Woods Director 1.00
Director
$0 $0 $0
Jeff Marks Executive Director 40.00
Officer
$104,000 $11,329 $115,329
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 No data No data No data No data
2023 $151,830 $180,868 $4,508 $-29,038
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