North Yarmouth Cumberland Mutual (EIN 010240874) - 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

1965

Legal Domicile

Principal Officer

Debra Barter

Phone

2078389358

Tax Period

2024-01-01 to 2024-12-31

North Yarmouth Cumberland Mutual, founded in 1965, is a micro nonprofit that reported $822 in total revenue in fiscal year 2024. Revenue surged 1451% from the prior year, signaling strong growth momentum. Expenses of $3K exceeded revenue, resulting in a 324% operating deficit.

Mission

Providing fire and lightning insurance coverage.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $20

Other Revenue $802

TOTAL REVENUE $822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,487

TOTAL EXPENSES $3,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$822	$53	+14.5%
Expenses	$3,487	$17,867	-0.8%
Net Income	$-2,665	$-17,814	-0.9%

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

N/A

Independent Members

N/A

Employees

N/A

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
George Goodall	Director	2.00	Director	$0	$0	$0
Lincoln Merrill Jr	Director	2.00	Director	$0	$0	$0
Duane Snow	Director	2.00	Director	$0	$0	$0
Jeffrey Steinman	President	2.00	Officer Director	$0	$0	$0
Leo Ferland	Director	2.00	Director	$0	$0	$0
Marcena Phillips	Director	2.00	Director	$0	$0	$0
William Stiles	Vice President	2.00	Officer Director	$0	$0	$0
Debra Barter	Secretary/Treasurer	10.00	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
2024	$822	$3,487	No data	$-2,665
2023	$53	$17,867	$2,752	$-17,814
2022	$-7,195	$39,322	$875,951	$-46,517
2021	$129,573	$58,422	$1,012,990	$71,151
2020	$68,463	$61,086	$944,326	$7,377
2019	$73,272	$73,283	$911,565	$-11
2018	$101,668	$45,229	$819,773	$56,439

North Yarmouth Cumberland Mutual