MAINE INFONET COLLABORATIVE

EIN: 275079950 501(c)(3) Human Services

ORONO, ME

Total Revenue
$693,566
Total Expenses
$839,878
Total Assets
$873,876
Net Assets
$495,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
ME
Principal Officer
JAMES M JACKSON SANBORN
Phone
2075813083
Tax Period
2023-07-01 to 2024-06-30

MAINE INFONET COLLABORATIVE, founded in 2010, is a small nonprofit in the Human Services sector that reported $694K in total revenue in fiscal year 2023. Expenses of $840K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MAINE INFONET COLLABORATIVE EXISTS TO SUPPORT COOPERATION, PARTNERSHIP, COLLABORATION AND SHARING BETWEEN ACADEMIC, PUBLIC, SCHOOL, AND SPECIALS LIBRARIES IN THE STATE OF MAINE. A MAJOR ACTIVITY OF THE MAINE INFONET COLLABORATIVE WILL BE TO ORGANIZE, CONVENE, AND MANAGE MEETINGS BRINGING TOGETHER LIBRARIANS AND LIBRARY STAFF FROM ACROSS THE STATE TO HELP PLAN AND ORGANIZE COOPERATIVE LIBRARY VENTURES AND/OR TO PROVIDE FORUMS FOR DISCUSSIONS OF TOPICS OF IMPORTANCE TO LIBRARIES ACROSS THE STATE. THE MAINE INFONET COLLABORATIVE MAY IN THE FUTURE FROM TIME TO TIME APPLY FOR PRIVATE, STATE AND/OR FEDERAL GRANT MONEYS IN ORDER TO UNDERTAKE ACTIVITIES THAT SUPPORT LIBRARY COOPERATION. THE MAINE INFONET COLLABORATIVE ORGANIZES GROUPS OF LIBRARIES TOGETHER FOR COLLABORATIVE LICENSING OR PURCHASING OF LIBRARY SERVICES, MATERIALS, DATABASES,JOURNALS, EBOOKS, ELECTRONIC CONTENT, ETC.

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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 $0
Program Service Revenue $692,623
Investment Income $943
Other Revenue $0
TOTAL REVENUE $693,566

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $839,878
Other Expenses $839,878
TOTAL EXPENSES $839,878

Year-over-Year Comparison

2023 2022 Change
Revenue $693,566 $695,815 0.0%
Expenses $839,878 $787,456 +0.1%
Net Income $-146,312 $-91,641 +0.6%
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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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES M JACKSON SANBORN EXECUTIVE DI 40.00
Officer Director
$0 $0 $0
STEVE NORMAN PRESIDENT 1.00
Officer Director
$0 $0 $0
BENJAMIN TREAT TREASURER 1.00
Officer Director
$0 $0 $0
LORI FISHER DIRECTOR 1.00
Director
$0 $0 $0
BRYCE CUNDICK SECRETARY 1.00
Officer Director
$0 $0 $0
DAISY SINGH DIRECTOR 1.00
Director
$0 $0 $0
SARAH MOORE DIRECTOR 1.00
Director
$0 $0 $0
NANCY GRANT DIRECTOR 1.00
Director
$0 $0 $0
DIANA FURUKAWA DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SMITH DIRECTOR 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
2025 No data No data No data No data
2024 $693,566 $839,878 $873,876 $-146,312
2023 $695,815 $787,456 $730,083 $-91,641
2022 $1,155,721 $756,358 $852,879 $399,363
2021 $704,433 $691,818 $451,940 $12,615
2020 $630,517 $705,441 $472,058 $-74,924
2019 $711,219 $553,985 $533,783 $157,234
2018 $584,905 $661,947 $474,249 $-77,042
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