Medomak Exchange
Nonprofit profile at a glance
- EIN
- 872102698
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2021
- Location
- Waldoboro, ME, USA
- Phone
- 2078413027
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Neighborhood Centers
Reported finances
- Revenue
- $516,075
- Expenses
- $155,313
- Assets
- $386,672
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- PEGGY DAVIS (PRESIDENT)
People named in this filing
- PEGGY DAVIS (PRESIDENT)
- RON DAVIS (TREASURER)
- PAM POST (SECRETARY)
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
Medomak exchange vision: a town where people live, work and play together in and out of their neighborhoods and social groups - where there's a common effort for everyone to be seen, heard, able to feel like they belong, can contribute and be valued for their contribution - a culture where kindness, creativity and generosity flow. The site management team exists to develop and maintain the physical spaces of medomak exchange (the good things thrift & craft shop, the free clothing closet and food pantry barn, and the medomak house) in alignment with the overall vision, providing an environment for gatherings, programs and activities which encourage sharing and building community resilience.
What it reported doing in 2024
The medomak house: the medomak house exists to be a gathering space for the people of the waldoboro area and beyond to connect, share and build community resilience. Through meetings, courses and occasional retreats, programs will be offered to educate and empower persons to express more strongly and effectively their natural capacities to be creative, generous and kind. Space will be made available for meetings or courses by others who share a vision of strengthening beneficial community connections.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 86
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.2%; rating input score 55
- Program expense ratio: 95.4%; rating input score 95
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- 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: 69.9%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 2.49; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 30.6% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 80.2% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 111.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 55.2% of revenue deployed · 95.4% of spending went to programs
- Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $148K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- High — Accountability: Governance controls: 4 of 6 not reported.