MAINE WINDJAMMER ASSOCIATION (EIN 921184462) - 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

2022

Legal Domicile

Principal Officer

CANDACE KUCHINSKI

Phone

8008079463

Tax Period

2023-11-01 to 2024-10-31

MAINE WINDJAMMER ASSOCIATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $204K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $197K left a modest 4% surplus.

Mission

THE MAINE WINDJAMMER ASSOCIATION (MWA) IS AN INFORMAL MARKETING, PUBLIC RELATIONS, EDUCATIONAL, AND LOBBYING CONSORTIUM DEDICATED TO THE MUTUAL HEALTH AND VITALITY OF THE OVERNIGHT PASSENGER VESSEL INDUSTRY INDIGENOUS TO MID-COAST MAINE. RECOGNIZING THE IMPORTANCE OF THIS COOPERATIVE SPIRIT, MEMBERS ARE EXPECTED TO CONDUCT THEIR BUSINESSES MINDFUL OF THE BEST INTERESTS OF THE INDUSTRY AS A WHOLE.

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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 $201,937

Program Service Revenue $2,204

Investment Income $0

Other Revenue $0

TOTAL REVENUE $204,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,388

Fundraising Expenses $0

Other Expenses $100,185

TOTAL EXPENSES $196,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,141	$165,221	+0.2%
Expenses	$196,573	$235,697	-0.2%
Net Income	$7,568	$-70,476	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOAH BARNES	DIRECTOR	1.00	Director	$0	$0	$0
SEAN GRIMES	DIRECTOR	1.00	Director	$0	$0	$0
TYLER KING	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE KUCHINSKI	TREASURER	2.00	Officer	$0	$0	$0
JOCELYN SCHMIDT	PRESIDENT	2.00	Officer	$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	$204,141	$196,573	$33,991	$7,568

MAINE WINDJAMMER ASSOCIATION