KENNEBEC VALLEY COMMUNITY ACTION PROGRAM (EIN 010277678) - 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

1965

Legal Domicile

Principal Officer

MICHAEL MITCHELL

Phone

2078591500

Tax Period

2023-10-01 to 2024-09-30

KENNEBEC VALLEY COMMUNITY ACTION PROGRAM, founded in 1965, is a mid-sized nonprofit in the Human Services sector that reported $42.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $40.9M left a modest 4% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO STRENGTHEN INDIVIDUALS, FAMILIES AND COMMUNITIES THROUGH DIRECT SERVICES AND COMMUNITY COLLABORATIONS THAT CREATE SOLUTIONS TO POVERTY.

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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 $23,185,711

Program Service Revenue $19,057,070

Investment Income $77,215

Other Revenue $102,005

TOTAL REVENUE $42,422,001

Expense Breakdown

Grants Paid $11,874,190

Salaries & Benefits $19,337,459

Fundraising Expenses $22,793

Program Expenses $37,708,491

Other Expenses $9,718,090

TOTAL EXPENSES $40,929,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,422,001	$46,655,834	-0.1%
Expenses	$40,929,739	$43,725,041	-0.1%
Net Income	$1,492,262	$2,930,793	-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

440

Volunteers

708

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

$252,765

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MITCHELL	PRESIDENT	2.50	Officer Director	$0	$0	$0
PAMELA THOMPSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HEATHER MERROW	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD STAPLES	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES ALBERICO	DIRECTOR	0.50	Director	$0	$0	$0
JOEL ALEXANDER	DIRECTOR	0.50	Director	$0	$0	$0
BOBBY-JO BECHARD	DIRECTOR	0.50	Director	$0	$0	$0
DENVER BROWN	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS CARRILLO	DIRECTOR	1.00	Director	$0	$0	$0
ANNA COURT	DIRECTOR (THRU NOV'23)	0.50	Director	$0	$0	$0
ERICKA DEERING	DIRECTOR	0.50	Director	$0	$0	$0
GAIL GIBSON	DIRECTOR (THRU NOV'23)	0.50	Director	$0	$0	$0
THOMAS MCADAM	DIRECTOR	0.50	Director	$0	$0	$0
FLAVIA OLIVEIRA DEBRITO	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER REED	DIRECTOR (THRU NOV'23)	1.00	Director	$0	$0	$0
MARY-GENE RUMERY	DIRECTOR	0.75	Director	$0	$0	$0
BETTY ST HILAIRE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ST PIERRE	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE WALSH	CEO	40.00	Officer	$148,962	$29,486	$178,448
DOUGLAS MITCHELL	CFO	40.00	Officer	$74,317	$0	$74,317
TRACYE FORTIN	COO - CFS	40.00	Highest	$131,077	$18,922	$149,999
MICHELE PRINCE	COO - CS & EHS	40.00	Highest	$123,915	$29,062	$152,977
MICHELLE LANE	CAO	40.00	Highest	$102,832	$16,784	$119,616
PATRICIA WALKER	CONTROLLER	40.00	Highest	$104,342	$18,717	$123,059

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	$42,422,001	$40,929,739	$17,681,457	$1,492,262
2023	$46,655,834	$43,725,041	$20,584,554	$2,930,793
2022	$54,835,180	$53,577,387	$18,107,318	$1,257,793
2021	$41,018,551	$38,124,265	$19,316,065	$2,894,286
2020	$29,814,246	$27,467,134	$11,708,818	$2,347,112
2019	$27,740,027	$27,428,742	$8,435,251	$311,285
2018	$28,303,872	$27,732,197	$8,321,884	$571,675

KENNEBEC VALLEY COMMUNITY ACTION PROGRAM