Cornelia Warren Community Associat… - Form 990 Financial Data

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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

1925

Legal Domicile

Principal Officer

Michele J Meggison

Phone

2076712813

Tax Period

2024-10-01 to 2025-09-30

Cornelia Warren Community Association, founded in 1925, is a small nonprofit in the Youth Development sector that reported $742K in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $351K, a strong 47% operating margin.

Mission

To promote betterment programs for the citizens of the city of Westbrook, Maine.

Program Service Accomplishments

Program 1

Expenses: $13,500

replacement of starting blocks in Davan Pool at Westbrook Community Center

Program 2

Expenses: $20,000

50 of cost to replace flooring at Westbrook Community Center

Program 3

Expenses: $200,000

support for construction of fire service training facility

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $742,178

Other Revenue $0

TOTAL REVENUE $742,178

Expense Breakdown

Grants Paid $355,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $355,500

Other Expenses $35,655

TOTAL EXPENSES $391,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$742,178	$378,423	+1.0%
Expenses	$391,155	$219,064	+0.8%
Net Income	$351,023	$159,359	+1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Caren-Marie Michel	Corporator	000.25	Director	$0	$0	$0
Carl Bloom II	Corporator	000.25	Director	$0	$0	$0
Thomas Crosby	Corporator	000.25	Director	$0	$0	$0
Bruce Saunders	Corporator	000.25	Director	$0	$0	$0
Martha Day	Corporator	000.25	Director	$0	$0	$0
Abbott Mosher	Corporator	000.25	Director	$0	$0	$0
Philip Brown	Corporator	000.25	Director	$0	$0	$0
Richard LaBrecque	Corporator	000.25	Director	$0	$0	$0
Suzanne Joyce	Corporator	000.25	Director	$0	$0	$0
Matthew Brunner	Corporator	000.25	Director	$0	$0	$0
David Rolfe	Secretary	000.50	Officer Director	$0	$0	$0
Michele Meggison	Treasurer	000.50	Officer Director	$0	$0	$0
Edward Symbol	President	003.00	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
2025	$742,178	$391,155	$5,126,158	$351,023
2024	$378,423	$219,064	$5,038,790	$159,359
2023	$110,674	$274,550	$4,389,677	$-163,876
2022	$202,926	$55,360	$4,110,587	$147,566
2021	$461,464	$432,919	$4,638,627	$28,545
2020	$80,367	$274,722	$4,109,795	$-194,355
2019	$138,815	$237,010	$4,164,862	$-98,195
2018	$188,955	$225,879	$4,242,346	$-36,924

Cornelia Warren Community Association