BANGOR HALFWAY HOUSE INC (EIN 010282632) - 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

1965

Legal Domicile

Principal Officer

SUZANNE FARLEY

Phone

2079411612

Tax Period

2024-07-01 to 2025-06-30

BANGOR HALFWAY HOUSE INC is a 501(c)(3) with EIN 010282632, based in BANGOR, ME. Founded in 1965, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $276,705 in total revenue and $165,420 in total expenses, with net assets of $575,928.

Mission

PROVIDE HOUSING FOR EXEMPT ORGANIZATION

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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 $58,190

Program Service Revenue $212,174

Investment Income $6,341

Other Revenue $0

TOTAL REVENUE $276,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,816

Other Expenses $165,420

TOTAL EXPENSES $165,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,705	$190,783	+0.5%
Expenses	$165,420	$114,627	+0.4%
Net Income	$111,285	$76,156	+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

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
DAVID BARRETT	VP/SECRETARY	1.00	Officer Director	$0	$0	$0
PETER DAIGLE	TREASURER	1.00	Officer Director	$0	$0	$0
KATIE FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM M SHOOK JR	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN SOUCIE	DIRECTOR	1.00	Director	$0	$0	$0
DAN WELLINGTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUZANNE FARLEY	EXECUTIVE DI	1.00	Officer	$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	$276,705	$165,420	$1,186,535	$111,285
2024	$190,783	$114,627	$659,756	$76,156
2023	$340,232	$116,071	$592,167	$224,161
2022	$126,584	$203,300	$550,892	$-76,716
2021	$112,124	$118,717	$616,670	$-6,593
2020	$115,979	$108,896	$601,212	$7,083
2019	$109,271	$107,258	$653,057	$2,013
2018	$99,449	$115,051	$609,366	$-15,602

BANGOR HALFWAY HOUSE INC