Coastal Opportunities

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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

1971

Legal Domicile

Principal Officer

Tom Corcoran

Phone

2072366008

Tax Period

2024-07-01 to 2025-06-30

Coastal Opportunities, founded in 1971, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $5.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

Coastal Opportunities is a non-profit Maine Corporation that operates to assist adults with intellectual disabilities to become participating members in the social and economic communities through developmental training day programs and providing housing for adults with developmental disabilities in the mid-coast Maine region. Housing is provided in eight different facilities.

Program Service Accomplishments

Program 1

Expenses: $424,876 Revenue: $362,180

The Vera Brandes Group Home, a six-bed boarding care facility, provides meals, lodging, and training.

Program 2

Expenses: $1,467,936 Revenue: $1,599,984

The Katherine Brown Home, an eight-bed intermediate care facility for people with intellectual disabilities (ICF/ID).

Program 3

Expenses: $623,379 Revenue: $705,044

Personal Social and Independent Living - Developmental training program designed to help adults with developmental disabilities attain a higher level of functional ability.

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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 (2024)

Revenue Breakdown

Contributions & Grants $95,633

Program Service Revenue $4,852,976

Investment Income $-436,135

Other Revenue $138,204

TOTAL REVENUE $4,650,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,198,622

Fundraising Expenses $0

Program Expenses $4,775,500

Other Expenses $1,381,607

TOTAL EXPENSES $5,580,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,650,678	$6,816,788	-0.3%
Expenses	$5,580,229	$5,313,600	+0.1%
Net Income	$-929,551	$1,503,188	-1.6%

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

$131,041

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Corcoran	President	1.00	Officer Director	$0	$0	$0
Marcia Orff	Vice President	1.00	Officer Director	$0	$0	$0
James Jenkins	Treasurer	1.00	Officer Director	$0	$0	$0
Pamela Boland	Secretary	1.00	Officer Director	$0	$0	$0
Ann Bex	Director	1.00	Director	$0	$0	$0
Kathleen Brandes	Director	1.00	Director	$0	$0	$0
John Davee	Director	1.00	Director	$0	$0	$0
Lise Duda	Director	1.00	Director	$0	$0	$0
Cathy Frederick	Director	1.00	Director	$0	$0	$0
Dianne O'Connell	Director	1.00	Director	$0	$0	$0
Nancy Wolfertz	Director	1.00	Director	$0	$0	$0
Clifford B Winn	Executive Director	40.00	Officer	$117,090	$13,951	$131,041
Gail Varga	Residential Coordinator	40.00	Highest	$117,131	$17,064	$134,195

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	$4,650,678	$5,580,229	$18,331,665	$-929,551
2024	$6,816,788	$5,313,600	$17,298,196	$1,503,188
2023	$4,627,566	$4,814,078	$16,138,191	$-186,512
2022	$5,390,551	$4,751,229	$15,070,102	$639,322
2021	$6,056,715	$4,211,829	$16,233,516	$1,844,886
2020	$4,798,739	$4,571,458	$14,334,348	$227,281
2019	$4,803,403	$4,098,593	$12,614,525	$704,810
2019	$4,803,403	$4,098,593	$12,614,525	$704,810
2018	$4,418,896	$3,872,124	$11,133,348	$546,772