LIVE WORK MAINE INC (EIN 845011060) - 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

2020

Legal Domicile

Principal Officer

NATHANIEL WILDES

Phone

2072008457

Tax Period

2024-01-01 to 2024-12-31

LIVE WORK MAINE INC, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $439K, a strong 28% operating margin.

Mission

LIVE AND WORK IN MAINE IS A NOT-FOR-PROFIT INITIATIVE DESIGNED TO INCREASE AWARENESS ABOUT THE WORLD-CLASS QUALITY OF LIFE MAINERS ENJOY. OUR MISSION IS TO SHOW THE WORLD THAT IN MAINE, YOU CAN HAVE IT ALL WHEN IT COMES TO QUALITY OF LIFE AND QUALITY OF CAREER.

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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 $350,000

Program Service Revenue $1,159,192

Investment Income $76,514

Other Revenue $0

TOTAL REVENUE $1,585,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,930

Fundraising Expenses $0

Program Expenses $1,099,970

Other Expenses $760,806

TOTAL EXPENSES $1,146,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,585,706	$2,254,935	-0.3%
Expenses	$1,146,736	$1,044,647	+0.1%
Net Income	$438,970	$1,210,288	-0.6%

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

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

$133,226

Total Directors

$133,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATELYN SHOREY	DIR. OF ENGA	40.00	Highest	$131,777	$3,953	$135,730
NATHANIEL WILDES	EXEC DIRECTO	40.00	Officer Director	$129,346	$3,880	$133,226
N/A	SECRETARY	5.00	Officer Director	$0	$0	$0
N/A	CHAIRMAN	5.00	Officer 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	$1,585,706	$1,146,736	$2,225,356	$438,970
2023	$2,254,935	$1,044,647	$1,827,952	$1,210,288
2022	$1,348,583	$1,067,172	$604,264	$281,411
2021	$522,365	$407,318	$301,540	$115,047
2021	$560,115	$407,689	$317,671	$152,426

LIVE WORK MAINE INC