Le Passe-Temps Inc (EIN 010135937) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

Rejean Roy

Tax Period

2023-01-01 to 2023-12-31

Le Passe-Temps Inc is a tax-exempt nonprofit with EIN 010135937, based in Lewiston, ME. Founded in 1933, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $315,329 in total revenue and $268,971 in total expenses, with net assets of $646,024.

Mission

TO GIVE LOCAL CHILDREN SCHOLARSHIPS, SUPPORT LOCAL ORGANIZATIONS AND FOR MEMBER ACTIVITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,835

Program Service Revenue $0

Investment Income $3,315

Other Revenue $302,179

TOTAL REVENUE $315,329

Expense Breakdown

Grants Paid $28,086

Salaries & Benefits $110,023

Fundraising Expenses $0

Program Expenses $59,422

Other Expenses $99,526

TOTAL EXPENSES $268,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,329	$288,887	+0.1%
Expenses	$268,971	$307,440	-0.1%
Net Income	$46,358	$-18,553	-3.5%

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

Employees

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

$13,401

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ruby Goupil	Sports Director	4.00	Director	$0	$0	$0
Robert Kirouac	Trustee	1.00	Director	$0	$0	$0
Sue Gagnon	Trustee	1.00	Director	$0	$0	$0
Diane Babine	Trustee	1.00	Director	$0	$0	$0
Paul Boutin	President	8.00	Officer	$0	$0	$0
Roland Goupil	Vice President	4.00	Officer	$0	$0	$0
Rejean Roy	Treasurer	8.00	Officer	$8,121	$0	$8,121
Diane Nadeau	Secretary	4.00	Officer	$5,280	$0	$5,280

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	No data	No data	No data	No data
2023	$315,329	$268,971	$646,024	$46,358
2022	$288,887	$307,440	$599,666	$-18,553
2021	$349,133	$280,333	$618,219	$68,800
2020	$238,689	$239,927	$549,419	$-1,238
2019	$335,826	$286,065	$550,657	$49,761
2018	$342,065	$280,510	$500,895	$61,555

Le Passe-Temps Inc