GROWSMART MAINE (EIN 810620660) - 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

2003

Legal Domicile

Principal Officer

NANCY E SMITH

Phone

2075824330

Tax Period

2024-07-01 to 2025-06-30

GROWSMART MAINE, founded in 2003, is a small nonprofit in the Environment sector that reported $728K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $684K left a modest 6% surplus.

Mission

TO BUILD LASTING PROSPERITY WITHOUT SACRIFICING THE QUALITY OF LIFE THAT DEFINES 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 (2024)

Revenue Breakdown

Contributions & Grants $351,280

Program Service Revenue $374,863

Investment Income $1,687

Other Revenue $0

TOTAL REVENUE $727,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $439,433

Fundraising Expenses $23,179

Program Expenses $496,477

Other Expenses $244,871

TOTAL EXPENSES $684,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$727,830	$513,715	+0.4%
Expenses	$684,304	$571,062	+0.2%
Net Income	$43,526	$-57,347	-1.8%

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

$95,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY E SMITH	EXECUTIVE DI	42.90	Officer	$95,840	$0	$95,840
FINN BONDESON	DIRECTOR	1.00	Director	$0	$0	$0
JON BOYNTON	DIRECTOR	1.00	Director	$0	$0	$0
TONY CARTER	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA CASEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JEAN CLAVEAU	TREASURER	2.00	Director	$0	$0	$0
MEHUMAN ERNST	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE GRIMANDO	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HILDRETH	EMERITUS	N/A	Director	$0	$0	$0
LARISSA HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LEVINE	BOARD CHAIR	2.00	Director	$0	$0	$0
ZOE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE MORIARITY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN OLSON	DIRECTOR	1.00	Director	$0	$0	$0
EVAN RICHERT	EMERITUS	N/A	Director	$0	$0	$0
LYNNE SEELEY	DIRECTOR	1.00	Director	$0	$0	$0
ANNA MARIE THRON	EMERITUS	N/A	Director	$0	$0	$0
DAVID WEBSTER	EMERITUS	N/A	Director	$0	$0	$0
GALEN WEIBLEY	DIRECTOR	1.00	Director	$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	$727,830	$684,304	$363,714	$43,526
2024	$513,715	$571,062	$400,884	$-57,347
2023	$482,025	$418,984	$460,420	$63,041
2022	$223,478	$178,145	$187,876	$45,333
2021	$215,283	$173,310	$125,547	$41,973
2020	$182,086	$230,001	$89,929	$-47,915
2019	$215,946	$211,745	$123,151	$4,201
2018	$173,006	$210,688	$96,331	$-37,682

GROWSMART MAINE