MAINE CENTER VENTURES (EIN 820987230) - 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

2017

Legal Domicile

Principal Officer

Seth Goodall

Phone

2075815846

Tax Period

2024-07-01 to 2025-06-30

MAINE CENTER VENTURES, founded in 2017, is a micro nonprofit in the Education sector that reported $19K in total revenue in fiscal year 2024. Revenue surged 371% from the prior year, signaling strong growth momentum. Expenses of $83K exceeded revenue, resulting in a 330% operating deficit.

Mission

Support and promote the University of Maine Graduate & Professional Center through fundraising, branding, and engagement with Maine enterprises and employers to identify training needs, create experiential education opportunities for students, and develop incubator and accelerator programs.

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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 $2,400

Program Service Revenue $0

Investment Income $16,898

Other Revenue $0

TOTAL REVENUE $19,298

Expense Breakdown

Grants Paid $83,042

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,042

Other Expenses $0

TOTAL EXPENSES $83,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,298	$4,098	+3.7%
Expenses	$83,042	$24,764	+2.4%
Net Income	$-63,744	$-20,666	+2.1%

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

$1,206,038

Total Directors

$1,969,958

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dannel Malloy	Chair, Board of Directors	1	Director	$0	$35,796	$628,030
Joan Ferrini-Mundy	Director	0.25	Director	$0	$36,436	$599,455
Ryan Low	Treasurer	1.00	Officer	$0	$75,732	$397,762
Jacqueline Edmondson	Director	0.25	Director	$0	$65,648	$383,055
Leigh Saufley	Director	0.25	Director	$0	$59,151	$359,418
Paul Chan	Secretary (resigned June 2025)	0.25	Officer	$0	$53,365	$314,223
Seth Goodall	Chief Executive Officer	1.00	Officer	$0	$65,674	$294,174
Samantha Warren	Former Secretary	0.00		$0	$61,299	$249,103
Amon Purinton	Secretary	0.25	Officer	$0	$55,866	$199,879
Patricia Riley	Director	0.25	Director	$0	$0	$0
Bobby Monks	Director (resigned June 2025)	0.25	Director	$0	$0	$0
Lisa Eames	Director	0.25	Director	$0	$0	$0
Owen McCarthy	Director (resigned Feb. 2025)	0.25	Director	$0	$0	$0
Quincy Hentzel	Director	0.25	Director	$0	$0	$0
Elise Baldacci	Director	0.25	Director	$0	$0	$0
Lori Dwyer	Director	0.25	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	$19,298	$83,042	$301,063	$-63,744
2024	$4,098	$24,764	$364,807	$-20,666
2023	$357,196	$1,141,176	$385,473	$-783,980
2022	$1,458,388	$1,898,218	$1,669,534	$-439,830
2021	$3,531,786	$2,181,121	$2,948,482	$1,350,665

MAINE CENTER VENTURES