Bar Harbor Chamber of Commerce (EIN 010262638) - 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

1969

Legal Domicile

Phone

2078012566

Tax Period

2024-01-01 to 2024-12-31

Bar Harbor Chamber of Commerce is a tax-exempt nonprofit with EIN 010262638, based in Bar Harbor, ME. Founded in 1969, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $651,129 in total revenue and $705,545 in total expenses, with net assets of $543,005.

Mission

Promote Tourism to the Bar Harbor, Maine area and Acadia National Park

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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 $0

Program Service Revenue $640,579

Investment Income $2,889

Other Revenue $7,661

TOTAL REVENUE $651,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,341

Fundraising Expenses $0

Program Expenses $645,978

Other Expenses $414,204

TOTAL EXPENSES $705,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$651,129	$631,232	+0.0%
Expenses	$705,545	$645,031	+0.1%
Net Income	$-54,416	$-13,799	+2.9%

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

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
Gary B Jennings	President	2.00	Officer Director	$0	$0	$0
Deborah Vickers	Treasurer	2.00	Officer Director	$0	$0	$0
Brandon Monroe	Secretary	2.00	Director	$0	$0	$0
Eben Salvatore	Director	2.00	Director	$0	$0	$0
Kristi Bond	Director	2.00	Director	$0	$0	$0
Krystal Jordan	Director	2.00	Director	$0	$0	$0
Rachel Crater	Director	2.00	Director	$0	$0	$0
Steve Boucher	Director	2.00	Director	$0	$0	$0
John Bench	First Vice President	2.00	Officer Director	$0	$0	$0
Everal Eaton	Executive Director	40.00	Officer	$0	$0	$0
Lauren Tucker	Second Vice President	2.00	Officer	$0	$0	$0
Kat Dougan	Director	2.00		$0	$0	$0
Brenda Fernald	Treasurer	0.00		$0	$0	$0
Stephanie Clement	Secretary	0.00		$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	$651,129	$705,545	$557,205	$-54,416
2023	$631,232	$645,031	$612,818	$-13,799
2022	$684,119	$620,611	$627,525	$63,508
2021	$664,781	$487,893	$709,530	$176,888
2020	$395,576	$614,257	$578,895	$-218,681
2019	$827,551	$786,351	$1,088,695	$41,200
2018	$826,396	$866,633	$1,065,845	$-40,237

Bar Harbor Chamber of Commerce