Bangor Childrens Home (EIN 010211481) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1900

Legal Domicile

Principal Officer

JENNIFER BARNES

Tax Period

2023-09-01 to 2024-08-31

Bangor Childrens Home, founded in 1900, is a small nonprofit in the Education sector that reported $989K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

To provide preschool elementary school and Daycare services to families in the greater Bangor Maine area

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $237,850

Program Service Revenue $641,392

Investment Income $110,208

Other Revenue $0

TOTAL REVENUE $989,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,910

Fundraising Expenses $0

Program Expenses $950,244

Other Expenses $365,334

TOTAL EXPENSES $1,193,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$989,450	$922,572	+0.1%
Expenses	$1,193,244	$971,807	+0.2%
Net Income	$-203,794	$-49,235	+3.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$141,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY GARROW	Executive Director	40.00	Officer	$70,800	$0	$141,600
JODY BOURASSA	Member	0.200	Director	$0	$0	$0
ANGELA BUTLER	Member	0.200	Director	$0	$0	$0
ALI WORSTER	Member	0.200	Director	$0	$0	$0
ELIZABETH MAYBERRY	Member	0.200	Director	$0	$0	$0
KATE FOLEY	Member	0.200	Director	$0	$0	$0
NADINE JONES	Member	0.200	Director	$0	$0	$0
DANIEL WEAVER	President	0.200	Officer Director	$0	$0	$0
MARY BUTLER	Member	0.200	Director	$0	$0	$0
JENNIFER BARNES	Treasurer	0.200	Officer	$0	$0	$0
VIRGINIA PUTNAM	Secretary	0.200	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
2024	$1,115,587	$1,411,238	$1,341,253	$-295,651
2024	$989,450	$1,193,244	$1,714,934	$-203,794
2023	$922,572	$971,807	$1,853,737	$-49,235
2022	$959,641	$1,047,635	$1,651,185	$-87,994
2021	$935,425	$897,479	$1,739,179	$37,946
2020	$679,895	$991,003	$1,717,400	$-311,108
2019	$848,431	$843,494	$2,013,396	$4,937
2018	$746,736	$674,539	$2,009,868	$72,197
2018	$746,300	$672,512	$2,011,460	$73,788

Bangor Childrens Home