MID COAST CONSTRUCTION ACADEMY TRUST (EIN 836104322) - 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

2018

Principal Officer

MIKE WEAVER

Phone

3615720299

Tax Period

2023-07-01 to 2024-06-30

MID COAST CONSTRUCTION ACADEMY TRUST, founded in 2018, is a small nonprofit in the Employment sector that reported $400K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $119K, a strong 30% operating margin.

Mission

TO PROMOTE AND EDUCATE STUDENTS AND JOBSEEKERS ABOUT THE CONSTRUCTION INDUSTRY AND DEVELOP SKILLED LABOR THROUGH PRE-APPRENTICESHIPS AND APPRENTICESHIPS.

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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 $223,082

Program Service Revenue $177,145

Investment Income $0

Other Revenue $0

TOTAL REVENUE $400,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,791

Fundraising Expenses $0

Program Expenses $155,961

Other Expenses $186,620

TOTAL EXPENSES $281,411

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,227	$902,574	-0.6%
Expenses	$281,411	$260,999	+0.1%
Net Income	$118,816	$641,575	-0.8%

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

N/A

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
MIKE WEAVER	CHAIRMAN	N/A	Officer	$0	$0	$0
AARIN WENDT	VICE CHAIRMA	N/A	Officer	$0	$0	$0
WARREN HEILKER	SECRETARY	N/A	Officer	$0	$0	$0
JIM JOHNSON	TREASURER	N/A	Officer	$0	$0	$0
LES RICHTER	TRUSTEE	N/A	Director	$0	$0	$0
BRIAN FERGUSON	TRUSTEE	N/A	Director	$0	$0	$0
KIM LINDSEY	TRUSTEE	N/A	Director	$0	$0	$0
PATRICK OHRT	TRUSTEE	N/A	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	No data	No data	No data	No data
2024	$400,227	$281,411	$793,421	$118,816
2023	$902,574	$260,999	$676,246	$641,575
2022	$187,437	$242,232	$48,596	$-54,795
2021	$248,429	$221,704	$123,019	$26,725
2019	$177,205	$188,869	$106,931	$-11,664
2018	$173,796	$80,302	$97,353	$93,494

MID COAST CONSTRUCTION ACADEMY TRUST