Maine Workers Compensation Policyholder Trust (EIN 477212082) - 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

2015

Legal Domicile

Principal Officer

Curtis Picard

Phone

2076231149

Tax Period

2025-01-01 to 2025-12-31

Maine Workers Compensation Policyholder Trust, founded in 2015, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2025. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $987K, a strong 61% operating margin.

Mission

To utilize funds to assist Maine employers and organizations with activities that will help build a stronger, safer, healthier, and more successful future workforce and economy within the state of Maine.

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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 (2025)

Revenue Breakdown

Contributions & Grants $696,982

Program Service Revenue $0

Investment Income $919,158

Other Revenue $0

TOTAL REVENUE $1,616,140

Expense Breakdown

Grants Paid $457,304

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $457,304

Other Expenses $172,283

TOTAL EXPENSES $629,587

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,616,140	$2,455,768	-0.3%
Expenses	$629,587	$680,819	-0.1%
Net Income	$986,553	$1,774,949	-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

N/A

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

$38,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Curtis Picard	Trustee	2.00	Director	$0	$0	$0
Peter Gore	Trustee	2.00	Director	$0	$0	$0
Patrick Woodcock	Trustee	2.00	Director	$0	$0	$0
Mari O'Neil BEPF	Grant Manager	15.00	Officer	$38,625	$0	$38,625

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	$1,616,140	$629,587	$20,520,538	$986,553
2024	$2,455,768	$680,819	$19,502,233	$1,774,949
2023	$5,064,150	$313,050	$17,753,427	$4,751,100
2022	$326,317	$108,939	$12,978,623	$217,378
2021	$635,550	$121,812	$14,712,296	$513,738
2020	$384,801	$222,568	$14,175,857	$162,233
2019	$3,121,769	$145,446	$13,270,827	$2,976,323
2018	$3,100,117	$210,358	$9,725,606	$2,889,759

Maine Workers Compensation Policyholder Trust