Cumberland Farmers Club (EIN 010224718) - 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

1905

Legal Domicile

Principal Officer

Jeff Steinman

Phone

2072327892

Tax Period

2023-01-01 to 2023-12-31

Cumberland Farmers Club is a 501(c)(3) with EIN 010224718, based in Cumberland, ME. Founded in 1905, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,993,304 in total revenue and $1,859,951 in total expenses, with net assets of $1,306,094.

Mission

ANNUAL COUNTY FAIR REVENUES NEEDED FOR PAYMENT OF AGRICULTURAL PREMIUMS AND OTHER PROMOTION FOR PURPOSE OF AGRICULTURE

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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 $10,780

Program Service Revenue $1,956,081

Investment Income $296

Other Revenue $26,147

TOTAL REVENUE $1,993,304

Expense Breakdown

Grants Paid $2,700

Salaries & Benefits $219,431

Fundraising Expenses $0

Program Expenses $1,658,225

Other Expenses $1,637,820

TOTAL EXPENSES $1,859,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,993,304	$2,072,315	0.0%
Expenses	$1,859,951	$1,830,249	+0.0%
Net Income	$133,353	$242,066	-0.4%

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

146

Volunteers

150

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

$47,696

Total Directors

$55,196

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYLE MERRIFIELD	PRESIDENT	20.00	Officer Director	$18,196	$0	$18,196
ELIZABETH TARANTINO	SECRETARY	6.00	Officer Director	$10,000	$0	$10,000
JEFFREY STEINMAN	TREASURER	20.00	Officer Director	$18,000	$0	$18,000
MARK COOPER	DIRECTOR	5.00	Director	$1,500	$0	$1,500
ANDY DUGAR	DIRECTOR	5.00	Director	$1,500	$0	$1,500
DAN FOSSETT	DIRECTOR	5.00	Director	$1,500	$0	$1,500
SONJA NIELSEN	DIRECTOR	5.00	Director	$3,000	$0	$3,000
TAMMY SAWYER	DIRECTOR	5.00	Director	$1,500	$0	$1,500
BILL WEBSTER	DIRECTOR	5.00	Director	$0	$0	$0
TED GOOGINS	VICE PRESIDENT	5.00	Officer	$1,500	$0	$1,500

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	$1,993,304	$1,859,951	$1,311,523	$133,353
2022	$2,072,315	$1,830,249	$1,193,514	$242,066
2021	$1,350,925	$1,415,561	$956,896	$-64,636
2020	$429,214	$289,444	$978,820	$139,770
2019	$1,354,709	$1,441,519	$848,379	$-86,810

Cumberland Farmers Club