PINE TREE SOCIETY INC

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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

1936

Legal Domicile

Principal Officer

NOEL SULLIVAN

Phone

2074433341

Tax Period

2023-01-01 to 2023-12-31

PINE TREE SOCIETY INC, founded in 1936, is a mid-sized nonprofit in the Education sector that reported $10.6M in total revenue in fiscal year 2023. Expenses of $10.3M left a modest 3% surplus.

Mission

THE SOCIETY'S MISSION IS TO PROVIDE MAINE CHILDREN AND ADULTS WITH DISABILITIES THE OPPORTUNITIES AND THE MEANS TO CREATE BETTER LIVES FOR THEMSELVES AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $9,411,445 Revenue: $7,503,741

DIRECT SERVICES - THESE PROGRAMS PROVIDE SERVICES TO CHILDREN AND ADULTS WITH DISABILITIES AND TO THEIR FAMILIES. PROGRAM SERVICES INCLUDE PINE TREE CAMP, A YEAR ROUND CAMP AND RECREATION CENTER...

DIRECT SERVICES - THESE PROGRAMS PROVIDE SERVICES TO CHILDREN AND ADULTS WITH DISABILITIES AND TO THEIR FAMILIES. PROGRAM SERVICES INCLUDE PINE TREE CAMP, A YEAR ROUND CAMP AND RECREATION CENTER, AUDIOLOGY, AMERICAN SIGN LANGUAGE INTERPRETING FOR MAINE'S DEAF COMMUNITY, EARLY LEARNING CENTER FOR CHILDREN WITH SPECIAL NEEDS, CHILDREN AND ADULT CASE MANAGEMENT, SPEECH LANGUAGE SERVICES, ASSISTIVE TECHNOLOGY AND COMMUNITY BASED SUPPORT SERVICES FOR ADULTS LIVING WITH DEVELOPMENTAL DISABILITIES.

Program 2

Expenses: $172,607 Revenue: $137,619

PUBLIC HEALTH EDUCATION - THIS PROGRAM SUPPORTS THE DISSEMINATION OF RESOURCES ADDRESSING ISSUES RELATING TO PEOPLE WITH DISABILITIES INCLUDING, BUT NOT LIMITED TO, A CONFERENCE FOR...

PUBLIC HEALTH EDUCATION - THIS PROGRAM SUPPORTS THE DISSEMINATION OF RESOURCES ADDRESSING ISSUES RELATING TO PEOPLE WITH DISABILITIES INCLUDING, BUT NOT LIMITED TO, A CONFERENCE FOR PARENTS/CAREGIVERS OF CHILDREN WITH DISABILITIES AND INFORMATION AND REFERRAL SERVICES FOR INDIVIDUALS, FAMILY MEMBERS, OR PROFESSIONALS SUPPORTING PEOPLE WITH DISABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,537,525

Program Service Revenue $7,065,695

Investment Income $1,349,695

Other Revenue $690,083

TOTAL REVENUE $10,642,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,716,962

Fundraising Expenses $427,437

Program Expenses $9,584,052

Other Expenses $3,564,475

TOTAL EXPENSES $10,281,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,642,998	$9,921,182	+0.1%
Expenses	$10,281,437	$9,397,870	+0.1%
Net Income	$361,561	$523,312	-0.3%

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

208

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

$399,436

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLEARY CHRISTINE	BOARD MEMBER	1.00	Director	$0	$0	$0
KARLSEN CASEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MACLEOD LEAH	BOARD MEMBER	1.00	Director	$0	$0	$0
MASON CRAIG	BOARD MEMBER	1.00	Director	$0	$0	$0
MCCARTHY IAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MULLANEY JOHN	BOARD MEMBER	1.00	Director	$0	$0	$0
OAKES RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
OUELLETTE ROBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
REINMANN DEBORAH	BOARD MEMBER	1.00	Director	$0	$0	$0
TWOMBLY LORRAINE	BOARD MEMBER	1.00	Director	$0	$0	$0
WEST TODD	BOARD MEMBER	1.00	Director	$0	$0	$0
DRAGO JOSEPH	SECRETARY	1.00	Officer Director	$0	$0	$0
PRUNIER MATTHEW	CHAIR	1.00	Officer Director	$0	$0	$0
SEILER SUSAN	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
SOUCY LEO	TREASURER	1.00	Officer Director	$0	$0	$0
SULLIVAN NOEL	PRESIDENT AND CEO	40.00	Officer	$207,781	$28,063	$235,844
HEMINGWAY ALYSSA	CHIEF FINANCIAL OFFICER	40.00	Officer	$154,807	$8,785	$163,592

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	$10,642,998	$10,281,437	$38,629,377	$361,561
2022	$9,921,182	$9,397,870	$36,037,279	$523,312
2021	$13,670,017	$7,945,191	$39,794,390	$5,724,826
2020	$7,608,745	$7,989,223	$32,275,234	$-380,478
2019	$9,591,870	$8,726,816	$30,364,083	$865,054
2018	$8,534,196	$8,347,746	$26,573,275	$186,450