Maine Affordable Energy

EIN: 872441832

Portland, ME

Total Revenue
$13,064,880
Total Expenses
$13,354,705
Total Assets
$187,817
Net Assets
$187,817
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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
ME
Principal Officer
Willy Ritch
Phone
2076290542
Tax Period
2023-01-01 to 2023-12-31

Maine Affordable Energy, founded in 2021, is a mid-sized nonprofit that reported $13.1M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

Public Education Surrounding Clean Energy

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,064,880
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $13,064,880

Expense Breakdown

Grants Paid $217,580
Salaries & Benefits $703,023
Fundraising Expenses $0
Program Expenses $13,354,705
Other Expenses $12,434,102
TOTAL EXPENSES $13,354,705

Year-over-Year Comparison

2023 2022 Change
Revenue $13,064,880 $7,977,350 +0.6%
Expenses $13,354,705 $8,616,477 +0.5%
Net Income $-289,825 $-639,127 -0.5%
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

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Governance

Voting Members
3
Independent Members
2
Employees
5
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
3
$925,962
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Willy Ritch Exec Director Pricipal Officer 40.00
Officer
$165,409 $0 $165,409
Josh Myles Treasurer 10.00
Officer
$0 $0 $0
R Scott Mahoney Principal Decision Maker 1.00
Officer
$0 $0 $760,553
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
2023 $13,064,880 $13,354,705 $187,817 $-289,825
2022 $7,977,350 $8,616,477 $477,643 $-639,127
2021 $2,978,000 $1,861,230 $1,116,770 $1,116,770
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