MIDCOAST LITERACY (EIN 542127254) - 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

1970

Legal Domicile

Principal Officer

Daniel Burson

Phone

2074436384

Tax Period

2025-01-01 to 2025-12-31

MIDCOAST LITERACY, founded in 1970, is a small nonprofit in the Education sector that reported $201K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year.

Mission

Provide one-on-one literacy tutoring services, early literacy sessions with families, and small group English language training for ages 6 to adults in midcoast Maine.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $198,523

Program Service Revenue $0

Investment Income $2,772

Other Revenue $0

TOTAL REVENUE $201,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,040

Fundraising Expenses $926

Program Expenses $189,602

Other Expenses $48,455

TOTAL EXPENSES $203,495

Year-over-Year Comparison

	2025	2024	Change
Revenue	$201,295	$239,926	-0.2%
Expenses	$203,495	$201,039	+0.0%
Net Income	$-2,200	$38,887	-1.1%

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

176

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

Total Directors

Key Employees

$51,832

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Burson	Executive Director	30	Key Emp	$51,832	$0	$51,832
Richard Brown	Director	0.5	Director	$0	$0	$0
Julie Hendrickson	Director	0.5	Director	$0	$0	$0
Lucille Stott	Director	0.5	Director	$0	$0	$0
Spinoza Lebouandzoka	Director	0.5	Director	$0	$0	$0
Carol Lord	Director	0.5	Director	$0	$0	$0
Linda Haroff	Director	0.5	Director	$0	$0	$0
Nicole MacDonald	Vice Chair	1	Officer	$0	$0	$0
Janine Boyce	Board Chair	1.5	Officer	$0	$0	$0
James Hughes	Treasurer	1.5	Officer	$0	$0	$0
Julie Criscitiello	Secretary	1	Officer	$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	$201,295	$203,495	$147,810	$-2,200
2024	$239,926	$201,039	$147,904	$38,887
2024	No data	No data	No data	No data

MIDCOAST LITERACY