FOUNDATION FOR A STRONG MAINE ECONOMY (EIN 300036992) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

ANDREA MAKER

Phone

2076234568

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR A STRONG MAINE ECONOMY, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

SUPPORT AND STRENGTHEN MAINE ECONOMY THROUGH RESEARCH, EDUCATION, AND COMMUNICATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,218,835

Program Service Revenue $0

Investment Income $21,209

Other Revenue $1,425

TOTAL REVENUE $3,241,469

Expense Breakdown

Grants Paid $2,245,912

Salaries & Benefits $547,590

Fundraising Expenses $35,036

Program Expenses $3,136,922

Other Expenses $686,803

TOTAL EXPENSES $3,480,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,241,469	$2,195,380	+0.5%
Expenses	$3,480,305	$2,258,589	+0.5%
Net Income	$-238,836	$-63,209	+2.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$251,563

Total Directors

$130,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA MAKER	PRESIDENT, CO-CHAIR & CO-FOUNDER	40.00	Officer Director	$130,000	$0	$130,000
MICHAEL BOURQUE	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN FITZSIMMONS	SECRETARY	1.00	Officer Director	$0	$0	$0
DANA CONNORS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL DUBYAK	MEMBER	1.00	Director	$0	$0	$0
DANA O'BRIEN	PRESIDENT THRU 8/6/23	40.00	Officer	$115,609	$5,954	$121,563
LEO WATERSTON	PROGRAM DIRECTOR	40.00	Highest	$132,578	$980	$133,558

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	$3,241,469	$3,480,305	$2,200,914	$-238,836
2022	$2,195,380	$2,258,589	$5,180,935	$-63,209
2021	$2,495,070	$2,260,941	$1,579,094	$234,129
2020	$2,768,567	$2,626,801	$1,636,067	$141,766
2019	$1,972,183	$2,235,133	$2,303,495	$-262,950
2018	$1,657,929	$1,568,834	$2,661,284	$89,095

FOUNDATION FOR A STRONG MAINE ECONOMY