MAINE LEARNING INNOVATIONS (EIN 455311876) - 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

2014

Legal Domicile

Principal Officer

MELINDA BROWNE

Phone

2076138900

Tax Period

2024-07-01 to 2025-06-30

MAINE LEARNING INNOVATIONS, founded in 2014, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2024.

Mission

MAINE VIRTUAL ACADEMY, AN ONLINE PUBLIC CHARTER SCHOOL, OFFERS MAINE STUDENTS IN GRADES 7-12 AN EXCEPTIONAL LEARNING EXPERIENCE.

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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 $5,720,540

Program Service Revenue $0

Investment Income $53,072

Other Revenue $0

TOTAL REVENUE $5,773,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,126,707

Fundraising Expenses $0

Program Expenses $4,913,700

Other Expenses $1,606,667

TOTAL EXPENSES $5,733,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,773,612	$5,961,154	0.0%
Expenses	$5,733,374	$5,354,176	+0.1%
Net Income	$40,238	$606,978	-0.9%

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

$124,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA PELLETIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN WALTERS	TREASURER	1.00	Officer Director	$0	$0	$0
STACEY BLANCHARD	SECRETARY	1.00	Officer Director	$0	$0	$0
CHERIEANN HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
TINA MESERVE	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA BROWNE	CEO	40.00	Officer	$99,414	$24,796	$124,210

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	$5,773,612	$5,733,374	$4,099,784	$40,238
2024	$5,961,154	$5,354,176	$3,879,871	$606,978
2023	$5,379,378	$4,971,833	$3,432,044	$407,545
2022	$4,957,179	$4,654,238	$2,760,882	$302,941
2021	$4,766,879	$4,716,466	$2,364,365	$50,413
2020	$4,064,795	$4,291,643	$2,431,397	$-226,848
2019	$4,371,555	$3,678,590	$2,616,943	$692,965

MAINE LEARNING INNOVATIONS