CHEBEAGUE TRANSPORTATION CO (EIN 010318796) - 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

2014

Legal Domicile

Principal Officer

MATTHEW RIDGWAY

Phone

2078465227

Tax Period

2024-01-01 to 2024-12-31

CHEBEAGUE TRANSPORTATION CO, founded in 2014, is a community nonprofit in the Public & Societal Benefit sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE RELIABLE AND SAFE TRANSPORTATION TO CHEBEAGUE ISLAND, ME.

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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 $8,675

Program Service Revenue $1,631,265

Investment Income $26,517

Other Revenue $318

TOTAL REVENUE $1,666,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $931,362

Fundraising Expenses $0

Program Expenses $1,336,610

Other Expenses $719,707

TOTAL EXPENSES $1,651,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,666,775	$1,812,838	-0.1%
Expenses	$1,651,069	$1,510,181	+0.1%
Net Income	$15,706	$302,657	-0.9%

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

$108,542

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kendra McKinnon	President and Clerk	4.00	Director	$0	$0	$0
Susan Stranahan	Vice President	2.00	Director	$0	$0	$0
John Birkett	Treasurer	1.00	Director	$0	$0	$0
Donald Buxbaum	Director	1.00	Director	$0	$0	$0
Lewis Holman	Director	1.00	Director	$0	$0	$0
Aaron Julien	Director	1.00	Director	$0	$0	$0
Herbert Maine	Director	1.00	Director	$0	$0	$0
Michael Makee	Director	1.00	Director	$0	$0	$0
Gina Ross	Director	1.00	Director	$0	$0	$0
Matthew Ridgway	Executive Director	40.00	Officer	$104,042	$4,500	$108,542

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	$1,666,775	$1,651,069	$2,602,937	$15,706
2023	$1,812,838	$1,510,181	$2,608,167	$302,657
2022	$1,313,826	$1,498,239	$2,328,859	$-184,413
2021	$1,586,544	$1,267,608	$2,544,340	$318,936
2020	$860,482	$1,234,428	$2,381,178	$-373,946
2019	$1,238,913	$1,175,064	$2,699,894	$63,849
2018	$1,238,256	$1,049,886	$1,435,082	$188,370

CHEBEAGUE TRANSPORTATION CO