Maine Infonet Collaborative
Nonprofit profile at a glance
- EIN
- 275079950
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-N 2013
- Location
- Orono, ME, USA
- Phone
- 2075813083
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $1,267,099
- Expenses
- $930,092
- Assets
- $940,509
- Liabilities
- $107,673
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- STEVE NORMAN (PRESIDENT)
People named in this filing
- JAMES M JACKSON SANBORN (EXECUTIVE DI)
- STEVE NORMAN (PRESIDENT)
- BENJAMIN TREAT (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Maine infonet collaborative exists to support cooperation, partnership, collaboration and sharing between academic, public, school, and specials libraries in the state of Maine. A major activity of the Maine infonet collaborative will be to organize, convene, and manage meetings bringing together librarians and library staff from across the state to help plan and organize cooperative library ventures and/or to provide forums for discussions of topics of importance to libraries across the state. The Maine infonet collaborative may in the future from time to time apply for private, state and/or federal grant moneys in order to undertake activities that support library cooperation. The Maine infonet collaborative organizes groups of libraries together for collaborative licensing or purchasing of library services, materials, databases, journals, ebooks, electronic content, etc.
What it reported doing in 2024
Collaborative/consortial resource management: the Maine infonet collaborative organizes groups of libraries together for collaborative licensing and subscription of library management system software and for purchase of services, materials, subscriptions, etc. Related to the management of library catalog systems.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.4%; rating input score 73
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 26.6%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 10.1% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 73.4% of revenue deployed · 100% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $930K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.