MAYO STREET ARTS

EIN: 271461543 501(c)(3) Human Services

PORTLAND, ME

Total Revenue
$368,102
Total Expenses
$393,053
Total Assets
$573,303
Net Assets
$559,192
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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
ME
Principal Officer
IAN BANNON
Phone
2078794629
Tax Period
2025-01-01 to 2025-12-31

MAYO STREET ARTS, founded in 2009, is a small nonprofit in the Human Services sector that reported $368K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

MAYO STREET ARTS STRIVES TO STRENGTHEN ITS NEIGHBORHOOD AND COMMUNITY BY PROVIDING A HAVEN FOR THE ARTS THAT IS VIBRANT, SAFE, AND INSPIRING; AND TO ENGAGE AREA YOUTHS OF DIVERSE CULTURAL COMMUNITIES IN ROBUST PARTICIPATION IN THE VISUAL, PERFORMING, AND LITERARY ARTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $227,660
Program Service Revenue $132,501
Investment Income $137
Other Revenue $7,804
TOTAL REVENUE $368,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $214,836
Fundraising Expenses $98,081
Program Expenses $226,261
Other Expenses $178,217
TOTAL EXPENSES $393,053

Year-over-Year Comparison

2025 2024 Change
Revenue $368,102 $509,201 -0.3%
Expenses $393,053 $474,096 -0.2%
Net Income $-24,951 $35,105 -1.7%
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
11
Independent Members
11
Employees
9
Volunteers
30

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
0
$0
Total Directors
12
$75,485
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IAN BANNON EXECUTIVE DIRECTOR 39.07
Director
$66,801 $8,684 $75,485
DR DOROTHEA IVEY SECRETARY 1
Director
$0 $0 $0
RANDY FERRELL BOARD CHAIR 1
Director
$0 $0 $0
WILL PRATT TREASURER 1
Director
$0 $0 $0
ALEXUS BOND VICE CHAIR 1
Director
$0 $0 $0
YVES KARUBU BOARD MEMBER 0.00
Director
$0 $0 $0
TROY MOON BOARD MEMBER 1
Director
$0 $0 $0
KATHLEEN MUNDELL BOARD MEMBER 1
Director
$0 $0 $0
CHERIE WENDELKEN BOARD MEMBER 1
Director
$0 $0 $0
SHULTZIE FAY WILLOWS BOARD MEMBER 1
Director
$0 $0 $0
NICOLE MAILLOUS BOARD MEMBER 1
Director
$0 $0 $0
TEYONDA HALL BOARD MEMBER 1
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
2025 $368,102 $393,053 $573,303 $-24,951
2024 $509,201 $474,096 $658,699 $35,105
2023 $395,724 $452,905 $559,923 $-57,181
2022 $470,428 $556,237 $609,485 $-85,809
2021 $498,911 $303,616 $727,891 $195,295
2020 $308,432 $224,350 $505,587 $84,082
2019 $270,253 $226,180 $416,860 $44,073
2018 $264,982 $224,778 $372,545 $40,204
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