MAINE LABOR AND RESOURCE CENTER (EIN 863166974) - 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

2021

Legal Domicile

Principal Officer

EDMOND KABAGAMBE

Phone

2073317532

Tax Period

2023-01-01 to 2023-12-31

MAINE LABOR AND RESOURCE CENTER, founded in 2021, is a small nonprofit in the Human Services sector that reported $340K in total revenue in fiscal year 2023. Revenue surged 1626% from the prior year, signaling strong growth momentum. Expenses of $300K left a modest 12% surplus.

Mission

TO HELP PEOPLE NEW TO MAINE TO INTEGRATE SUCCESSFULLY INTO CIVIL SOCIETY, THE ARTS, THE LABOR FORCE AND ENGAGE IN INNOVATIVE BUSINESS CREATION 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 $340,016

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $340,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,769

Fundraising Expenses $0

Program Expenses $281,859

Other Expenses $208,651

TOTAL EXPENSES $300,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,016	$19,703	+16.3%
Expenses	$300,420	$19,703	+14.2%
Net Income	$39,596	$0	N/A

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

N/A

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

$67,320

Total Directors

$62,720

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDMOND KABAGAMBE	EXECUTIVE DIRECTOR	40.00	Officer Director	$45,720	$0	$45,720
MICHAEL KANYAMBO	BOARD CHAIR	4.00	Director	$8,000	$0	$8,000
EDWARD KATO	DIRECTOR	4.00	Director	$9,000	$0	$9,000
SPECIOSE MAHIRWE	TREASURER	20.00	Officer	$6,000	$0	$6,000
RENINAH BAMUREKYE	DIRECTOR	20.00	Officer	$15,600	$0	$15,600

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	$340,016	$300,420	$82,998	$39,596

MAINE LABOR AND RESOURCE CENTER