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)

4 risk indicators measuring financial stability and operational resilience

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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

Achieve change on the ground by connecting Maine businesses to practical actions that companies and firms of all sizes can take to confront climate and clean energy challenges.Provide businesses with pragmatic advice to reduce carbon emissions and access opportunities to grow their businesses and workforce and build new businesses.Research, evaluate, and disseminate information on emerging strategies, policies, and technologies that businesses can benefit from through statewide, regional and sector-specific forums.Collaborate with others to resolve conflicts at the intersection of climate and the economy.Create a climate-focused business sector in Maine that is value-added and sustainable while enhancing economic and workforce development.Help promote the rapid adoption of key technologies, strategies, and companies that advance us toward a carbon-constrained world.

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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

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
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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