FORT KENT HOUSING INC (EIN 010280430) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

ELLERY LABBE

Phone

2078346725

Tax Period

2024-01-01 to 2024-12-31

FORT KENT HOUSING INC, founded in 1965, is a small nonprofit that reported $530K in total revenue in fiscal year 2024. Expenses of $601K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE HOUSING FOR ELDERLY RESIDENTS OF FORT KENT, MAINE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $519,368

Investment Income $10,765

Other Revenue $0

TOTAL REVENUE $530,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $600,628

Other Expenses $600,628

TOTAL EXPENSES $600,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$530,133	$529,546	+0.0%
Expenses	$600,628	$601,829	0.0%
Net Income	$-70,495	$-72,283	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
FRANCES LABRIE	SECRETARY	1.00	Director	$0	$0	$0
ELLERY LABBE	PRESIDENT	1.00	Director	$0	$0	$0
ADRIENNE LAMORE	TREASURER	1.00	Director	$0	$0	$0
DON RAYMOND	MEMBER	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	$530,133	$600,628	$3,032,484	$-70,495
2023	$529,546	$601,829	$3,156,334	$-72,283
2022	$489,486	$548,621	$3,265,818	$-59,135
2021	$425,758	$533,581	$3,346,304	$-107,823
2020	$471,271	$486,810	$3,523,877	$-15,539
2019	$440,430	$490,889	$3,547,572	$-50,459
2018	$397,332	$441,870	$3,629,731	$-44,538

FORT KENT HOUSING INC