Mission
TO PROMOTE SUSTAINABLE ECONOMIC PROSPERITY THROUGH REGIONAL BUSINESS LENDING, TARGETING UNDERSERVED MARKETS.
Public Charity
SOUTHERN MAINE FINANCE AGENCY
SOUTHERN MAINE FINANCE AGENCY, of BIDDEFORD, ME, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $879K in revenue, $850K in expenses, $8.1M in total assets.
EIN: 010472964
BIDDEFORD, ME
Community & Neighborhood Development
NTEE: S20
Latest filing: 2025
Total Revenue$879K
Total Expenses$850K
Total Assets$8.1M
Grant Records0
Filing Years2021–2025
Where $100 goes at Southern Maine Finance Agency
How Southern Maine Finance Agency divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$64
Programs
the work itself
$36
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $64 for programs
$64
The corporation services loans made in prior years and made new loans to companies located in, and that provided jobs, within york county and the state of maine
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
Andy Kany
DIRECTOR
Ayn Hanselmann
VICE-CHAIR
Betty Olson
DIRECTOR
Bob Georgitis
DIRECTOR
Dick Hodgdon
DIRECTOR
Douglas Edwards
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $879K | $850K | $8.1M |
| 2024 | $1.4M | $762K | $7.9M |
| 2023 | $719K | $758K | $7.5M |
| 2022 | $658K | $618K | $7.7M |
| 2021 | $754K | $584K | $7.9M |
Between 2021 and 2025, reported annual revenue grew from $754K to $879K (+17%), with total assets most recently reported at $8.1M.
Interactive year-over-year charts and full filing details available with membership.