Trustees of Bloomfield Academy (EIN 010211488) - 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

1807

Legal Domicile

Principal Officer

Lynda Quinn

Phone

2074743449

Tax Period

2024-02-01 to 2025-01-31

Trustees of Bloomfield Academy is a 501(c)(3) with EIN 010211488, based in Skowhegan, ME. Founded in 1807, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $462,993 in total revenue and $428,979 in total expenses, with net assets of $2,544,960.

Mission

Support preservation of historic buildings

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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 (2024)

Revenue Breakdown

Contributions & Grants $286,625

Program Service Revenue $6,361

Investment Income $165,594

Other Revenue $4,413

TOTAL REVENUE $462,993

Expense Breakdown

Grants Paid $11,909

Salaries & Benefits $246,849

Fundraising Expenses $0

Program Expenses $394,540

Other Expenses $170,221

TOTAL EXPENSES $428,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,993	$501,328	-0.1%
Expenses	$428,979	$343,412	+0.2%
Net Income	$34,014	$157,916	-0.8%

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

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

$5,004

Total Directors

$5,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Leavitt	Treasurer	0.10	Officer Director	$5,004	$0	$5,004
Kristina Cannon	Trustee	0.10	Director	$0	$0	$0
Noella Breton Despres	Trustee (start 10/23)	0.10	Director	$0	$0	$0
Patrick Dore	Trustee	0.10	Director	$0	$0	$0
Patricia Horine	Trustee	0.10	Director	$0	$0	$0
Devin MacMichael	Trustee (start 10/23)	0.10	Director	$0	$0	$0
Maureen Provencal	Trustee (start 10/23)	0.10	Director	$0	$0	$0
Debra Sterling	Trustee (start 10/23)	0.10	Director	$0	$0	$0
Lynda Quinn	President	0.10	Officer Director	$0	$0	$0
Robert Washburn	Vice President	0.10	Officer Director	$0	$0	$0
Lynn Perry	Trustee	0.10	Officer Director	$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	$462,993	$428,979	$2,544,960	$34,014
2024	$501,328	$343,412	$2,431,671	$157,916
2023	$367,638	$337,247	$2,241,876	$30,391
2022	$591,288	$361,248	$2,438,254	$230,040
2021	$390,765	$253,499	$2,234,805	$137,266
2020	$320,717	$260,661	$1,987,016	$60,056
2019	$314,559	$282,940	$1,884,527	$31,619

Trustees of Bloomfield Academy