Maine Alliance for Economic Growth

EIN: 934218630

Portland, ME

Total Revenue
$475,000
Total Expenses
$298,821
Total Assets
$176,179
Net Assets
$176,179
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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
2023
Legal Domicile
ME
Principal Officer
Curtis Picard
Phone
2072530515
Tax Period
2024-01-01 to 2024-12-31

Maine Alliance for Economic Growth, founded in 2023, is a small nonprofit that reported $475K in total revenue in fiscal year 2024. The organization ran a surplus of $176K, a strong 37% operating margin.

Mission

Educating, lobbying and informing the public about the need for legislation, regulations, and government programs that promote Maine's economic growth and thereby further the community's overall welfare.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $475,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $475,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $265,834
Other Expenses $298,821
TOTAL EXPENSES $298,821

Year-over-Year Comparison

2024 2023 Change
Revenue $475,000 N/A N/A
Expenses $298,821 N/A N/A
Net Income $176,179 $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
3

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Curtis Picard President 1.00
Officer Director
$0 $0 $0
Linda Caprara Treasurer 1.00
Officer Director
$0 $0 $0
Quincy Hentzel Secretary 1.00
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
2024 $475,000 $298,821 $176,179 $176,179
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