passivhausMAINE (EIN 454864828) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Principal Officer

Naomi Beal

Phone

2077109478

Tax Period

2024-07-01 to 2025-06-30

passivhausMAINE, founded in 2016, is a small nonprofit in the Environment sector that reported $690K in total revenue in fiscal year 2024. The organization ran a surplus of $201K, a strong 29% operating margin.

Mission

PassivhausMAINE works to support the passive house industry and community in Maine, North America and internationally.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $622,426

Program Service Revenue $56,275

Investment Income $11,137

Other Revenue $379

TOTAL REVENUE $690,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,358

Fundraising Expenses $61,127

Program Expenses $325,518

Other Expenses $177,915

TOTAL EXPENSES $488,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$690,217	$668,484	+0.0%
Expenses	$488,773	$329,340	+0.5%
Net Income	$201,444	$339,144	-0.4%

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

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

$94,688

Total Directors

$910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Richards	Board Chair	1.00	Officer Director	$0	$0	$0
Austin Moore	Vice Chair	1.00	Officer Director	$0	$0	$0
Will Spurzem	Secretary	1.00	Officer Director	$0	$0	$0
Sarah Coleman	Interim Treasurer	1.00	Officer Director	$0	$0	$0
Katrina Belle	Board Member	1.00	Director	$0	$0	$0
Heather Chandler	Board Member	1.00	Director	$910	$0	$910
George Cox	Board Member	1.00	Director	$0	$0	$0
Eric Derektor	Board Member	1.00	Director	$0	$0	$0
Sarah Derektor	Board Member	1.00	Director	$0	$0	$0
Kai Fast	Board Member	1.00	Director	$0	$0	$0
Elizabeth Jackson	Board Member	1.00	Director	$0	$0	$0
Naomi Beal	Executive Director	40.00	Officer	$94,688	$0	$94,688

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	$690,217	$488,773	$929,259	$201,444
2024	$668,484	$329,340	$455,882	$339,144
2023	$231,619	$202,515	$96,248	$29,104

passivhausMAINE