CHRISTMAS COVE IMPROVEMENT ASSOCIATION (EIN 010264870) - 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

1900

Legal Domicile

Principal Officer

SCOTT LINDBLOM

Phone

2075637540

Tax Period

2024-01-01 to 2024-12-31

CHRISTMAS COVE IMPROVEMENT ASSOCIATION is a tax-exempt nonprofit with EIN 010264870, based in DAMARISCOTTA, ME. Founded in 1900, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $593,099 in total revenue and $370,133 in total expenses, with net assets of $2,579,454.

Mission

PROMOTE SOCIAL AND RECREATION WELFARE OF MEMBERS THE PURPOSE OF THE ASSOCIATION IS TO PROMOTE THE SOCIAL AND RECREATIONAL WELFARE OF ITS MEMBERS. IT SHALL OWN AND MAINTAIN IN CHRISTMAS COVE AN ASSEMBLY HALL

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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 $172,487

Program Service Revenue $330,373

Investment Income $27,183

Other Revenue $63,056

TOTAL REVENUE $593,099

Expense Breakdown

Grants Paid $440

Salaries & Benefits $177,736

Fundraising Expenses $0

Other Expenses $191,957

TOTAL EXPENSES $370,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$593,099	$517,115	+0.1%
Expenses	$370,133	$372,275	0.0%
Net Income	$222,966	$144,840	+0.5%

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

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
MATT LORENZEN	DIRECTOR & PRESIDENT	10.00	Officer Director	$0	$0	$0
THOMAS WELLS	DIRECTOR & ADMIN VP	1.00	Officer Director	$0	$0	$0
SCOTT LINDBLOM	DIRECTOR & TREASURER	10.00	Officer Director	$0	$0	$0
ELIZABETH BREWER	DIRECTOR & SECRETARY	1.00	Officer Director	$0	$0	$0
PETER ERSKINE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HINCK	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MCCORMACK	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SALFI	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY KENDALL	DIRECTOR	1.00	Director	$0	$0	$0
LINDA SPOCK	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA TEMPLE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GUTTENTAG	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MISNER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE POAGE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA VOSSLER	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
2024	$593,099	$370,133	$2,586,797	$222,966
2023	$517,115	$372,275	$2,359,938	$144,840
2022	$391,138	$413,924	$2,218,500	$-22,786
2021	$468,534	$386,564	$2,237,438	$81,970
2020	$248,286	$182,287	$2,153,744	$65,999

CHRISTMAS COVE IMPROVEMENT ASSOCIATION