UPSTART MAINE INC (EIN 813181065) - 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

GAVIN ROBINSON

Phone

2078662496

Tax Period

2023-01-01 to 2023-12-31

UPSTART MAINE INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $259K in total revenue in fiscal year 2023. Revenue surged 375% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 61% operating margin.

Mission

TO PROVIDE EDUCATION AND OUTREACH AND INCREASE PUBLIC AWARENESS IN SUPPORT OF ENTREPRENEURIAL PROGRAMS IN THE GREATER BANGOR ECONOMIC REGION TO STIMULATE BUSINESS INNOVATION AND ENTREPRENEURSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $258,485

Program Service Revenue $814

Investment Income $0

Other Revenue $0

TOTAL REVENUE $259,299

Expense Breakdown

Grants Paid $13,300

Salaries & Benefits $14,552

Fundraising Expenses $0

Program Expenses $99,994

Other Expenses $73,062

TOTAL EXPENSES $100,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,299	$54,586	+3.8%
Expenses	$100,914	$52,964	+0.9%
Net Income	$158,385	$1,622	+96.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAVIN ROBINSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARYN SYCHTERZ	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN MCKAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON HARKINS	DIRECTOR	1.00	Director	$0	$0	$0
JAKE WARD	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN BOLDUC	DIRECTOR	1.00	Director	$0	$0	$0
PETER HOWORTH	DIRECTOR	1.00	Director	$0	$0	$0
RENEE KELLY	ALTERNATE	1.00	Officer Director	$0	$0	$0
MATTHEW LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER LUX	DIRECTOR	1.00	Director	$0	$0	$0
SANTIAGO RAVE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BEAUPRE	DIRECTOR	1.00	Director	$0	$0	$0
MITCH STONE	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
2024	No data	No data	No data	No data
2023	$259,299	$100,914	$231,045	$158,385

UPSTART MAINE INC