MILLS 2023 TRANSITION AND INAUGURAL

EIN: 884257848

Augusta, ME

Total Revenue
$425,626
Total Expenses
$425,626
Total Assets
N/A
Net Assets
N/A
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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
2022
Legal Domicile
ME
Principal Officer
Tom Keating
Phone
8167190805
Tax Period
2022-11-01 to 2023-04-30

MILLS 2023 TRANSITION AND INAUGURAL, founded in 2022, is a small nonprofit that reported $426K in total revenue in fiscal year 2022.

Mission

MILLS 2023 TRANSITION AND INAUGURAL WAS A MAINE ORGANIZATION ORGANIZED WITH THE MAINE SECRETARY OF STATE'S OFFICE AS AN INAUGURAL COMMITTEE. THE ORGANIZATION WAS USED TO PAY FOR ALL OF THE EXPENSES FOR MAINE GOVERNOR JANET MILLS INAUGURATION AFTER WINNING RE-ELECTION IN 2022. THE ORGANIZATION EXISTED FROM NOVEMBER 2022 TO APRIL 2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $397,861
Program Service Revenue $27,765
Investment Income $0
Other Revenue $0
TOTAL REVENUE $425,626

Expense Breakdown

Grants Paid $31,506
Salaries & Benefits $72,352
Fundraising Expenses $31,617
Program Expenses $303,676
Other Expenses $314,268
TOTAL EXPENSES $425,626

Year-over-Year Comparison

2022 2021 Change
Revenue $425,626 N/A N/A
Expenses $425,626 N/A N/A
Net Income $0 $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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
4

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
4
$13,585
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM KEATING Compliance Director 0.5
Officer
$13,585 $0 $13,585
JEREMY K KENNEDY PRESIDENT 0.5
Officer Director
$0 $0 $0
PATRICIA A ELTMAN VICE PRESIDENT 0.5
Officer Director
$0 $0 $0
KAREN SUDBAY CLERK 0.5
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
2023 $425,626 $425,626 No data No data
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