CENTRAL AROOSTOOK ASSOCIATION (EIN 010263507) - Form 990 Financial Analysis & Trantor Score

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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

1959

Legal Domicile

Principal Officer

PAUL REID

Phone

2077640134

Tax Period

2023-07-01 to 2024-06-30

CENTRAL AROOSTOOK ASSOCIATION, founded in 1959, is a community nonprofit in the Human Services sector that reported $8.8M in total revenue in fiscal year 2023. Expenses of $8.3M left a modest 6% surplus.

Mission

PROVIDE VARIOUS SERVICES FOR PEOPLE OF ALL AGES WHO ARE FUNDAMENTALLY AND DEVELOPMENTALLY DISABLED.

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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 $2,870

Program Service Revenue $8,625,180

Investment Income $181,765

Other Revenue $14,150

TOTAL REVENUE $8,823,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,834,972

Fundraising Expenses $0

Program Expenses $8,281,531

Other Expenses $1,446,559

TOTAL EXPENSES $8,281,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,823,965	$9,002,056	0.0%
Expenses	$8,281,531	$8,113,340	+0.0%
Net Income	$542,434	$888,716	-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

153

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

$313,589

Total Directors

$25,529

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN RICHARD	EXEC. DIR (R	40.00	Officer	$163,713	$0	$163,713
CARL MICHAUD	COO	40.00	Officer	$124,347	$0	$124,347
MARTIN PUCKETT	EXECUTIVE DI	40.00	Officer Director	$25,529	$0	$25,529
CHAD BREWER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DYER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ELLSWORTH	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM SWANSON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY GOFF	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KEATON	DIRECTOR	1.00	Director	$0	$0	$0
GINA LEBLANC-EGGERT	DIRECTOR	1.00	Director	$0	$0	$0
MANDY POOLER-HALL	SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN RACKLIFFE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAUL REID	PRESIDENT	1.00	Officer Director	$0	$0	$0
TYLER SEELEY	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
MAEGHAN SWANSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$8,823,965	$8,281,531	$8,590,746	$542,434
2023	$9,002,056	$8,113,340	$7,808,206	$888,716
2022	$8,687,075	$8,334,300	$6,844,683	$352,775
2021	$9,007,726	$7,923,212	$6,926,211	$1,084,514
2020	$8,187,229	$7,851,559	$5,675,162	$335,670
2019	$8,451,472	$8,012,571	$4,778,018	$438,901

CENTRAL AROOSTOOK ASSOCIATION