SORRENTO VILLAGE IMPROVEMENT ASSOCIATION (EIN 010162690) - Form 990 Financial Analysis & Trantor Score

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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

1916

Legal Domicile

Principal Officer

Richard Mayzel

Phone

5082801462

Tax Period

2025-01-01 to 2025-12-31

SORRENTO VILLAGE IMPROVEMENT ASSOCIATION, founded in 1916, is a small nonprofit that reported $287K in total revenue in fiscal year 2025. Expenses of $339K exceeded revenue, resulting in a 18% operating deficit.

Mission

Provide community activities to the Town of Sorrento, Maine.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $199,738

Program Service Revenue $65,236

Investment Income $13,845

Other Revenue $7,861

TOTAL REVENUE $286,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,894

Fundraising Expenses $0

Program Expenses $148,712

Other Expenses $224,704

TOTAL EXPENSES $338,598

Year-over-Year Comparison

	2025	2024	Change
Revenue	$286,680	$277,873	+0.0%
Expenses	$338,598	$263,598	+0.3%
Net Income	$-51,918	$14,275	-4.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cam Clendaniel	Trustee	2.0	Director	$0	$0	$0
Steve Schley	Trustee	2.0	Director	$0	$0	$0
Robert Worrell	Trustee	2.0	Director	$0	$0	$0
Caroline Wellman	Trustee	2.0	Director	$0	$0	$0
Oakleigh Johnson	Trustee	2.0	Director	$0	$0	$0
Miranda Borden	Trustee	2.0	Director	$0	$0	$0
Rebecca Leise	Trustee	2.0	Director	$0	$0	$0
Thomas Welch	Trustee	2.0	Director	$0	$0	$0
Todd Harrison	President	2.0	Officer	$0	$0	$0
Richard Mayzel	Treasurer	2.0	Officer	$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
2025	$286,680	$338,598	$735,894	$-51,918
2024	$277,873	$263,598	$787,812	$14,275
2023	$340,072	$430,220	$773,537	$-90,148
2022	$318,279	$224,397	$863,686	$93,882
2021	$241,212	$206,790	$769,804	$34,422
2020	$209,177	$154,185	$735,425	$54,992

SORRENTO VILLAGE IMPROVEMENT ASSOCIATION