Maine Affordable Energy

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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

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

Program Service Accomplishments

Program 1

Expenses: $13,354,705 Revenue: $13,064,880

The organization met its mission by educating the Maine public through media purchases advertising publications public eductation and pamplets regarding the benefits of clean energy and associated...

The organization met its mission by educating the Maine public through media purchases advertising publications public eductation and pamplets regarding the benefits of clean energy and associated environmental benefits.

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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 $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

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

$925,962

Total Directors

Key Employees

Highest Compensated

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