Katahdin Friends Inc (EIN 010267689) - 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

1962

Legal Domicile

Principal Officer

LyAnn Grogan

Phone

2077239466

Tax Period

2023-07-01 to 2024-06-30

Katahdin Friends Inc, founded in 1962, is a community nonprofit in the Human Services sector that reported $8.0M in total revenue in fiscal year 2023. Expenses of $7.7M left a modest 4% surplus.

Mission

KFI's mission is to empower and individually support people with disabilities in their efforts to live as integral respected members of the community.

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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 $1,784

Program Service Revenue $7,886,318

Investment Income $112,545

Other Revenue $0

TOTAL REVENUE $8,000,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,346,688

Fundraising Expenses $0

Program Expenses $6,442,902

Other Expenses $2,329,455

TOTAL EXPENSES $7,676,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,000,647	$7,603,860	+0.1%
Expenses	$7,676,143	$7,091,701	+0.1%
Net Income	$324,504	$512,159	-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

128

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

$207,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce McLain	President	0.70	Officer Director	$0	$0	$0
Julie Brown	Vice President	0.70	Officer Director	$0	$0	$0
Anthony Muscone Jr	Treasurer	0.70	Officer Director	$0	$0	$0
Vaughn Bouchard	Director	0.70	Director	$0	$0	$0
Anthony Filauro	Director	0.70	Director	$0	$0	$0
Louis Pelletier	Director	0.70	Director	$0	$0	$0
Debora Rountree	Director	0.70	Director	$0	$0	$0
Michael Speed	Director	0.70	Director	$0	$0	$0
Patty Woolley	Director	0.70	Director	$0	$0	$0
LyAnn Grogan	CEO	37.50	Officer	$111,782	$4,243	$116,025
Susan O'Brien	Financial Manager	37.50	Officer	$80,138	$10,952	$91,090

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	$8,000,647	$7,676,143	$6,855,321	$324,504
2023	$7,603,860	$7,091,701	$6,057,075	$512,159
2022	$7,188,761	$6,833,679	$4,635,996	$355,082
2021	$7,063,637	$5,721,684	$4,703,245	$1,341,953
2021	$7,082,408	$5,716,939	$4,714,568	$1,365,469
2020	$6,192,056	$5,978,874	$3,856,489	$213,182
2019	$6,046,644	$5,932,760	$2,664,490	$113,884

Katahdin Friends Inc