Spurwink Services Inc (EIN 010319802) - 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

1960

Legal Domicile

Principal Officer

Eric L Meyer

Phone

2078711200

Tax Period

2024-07-01 to 2025-06-30

Spurwink Services Inc is a 501(c)(3) with EIN 010319802, based in Portland, ME. Founded in 1960, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $96,383,218 in total revenue and $95,028,595 in total expenses, with net assets of $26,748,237.

Mission

Spurwink transforms lives by delivering compassionate and evidence based behavioral health care. Spurwink serves Maine people in every county, statewide.

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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 $13,261,012

Program Service Revenue $83,709,763

Investment Income $-237,430

Other Revenue $-350,127

TOTAL REVENUE $96,383,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,156,698

Fundraising Expenses $321,174

Program Expenses $83,529,149

Other Expenses $25,871,897

TOTAL EXPENSES $95,028,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,383,218	$89,987,806	+0.1%
Expenses	$95,028,595	$93,754,390	+0.0%
Net Income	$1,354,623	$-3,766,584	-1.4%

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

1371

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

$1,249,914

Total Directors

$12,375

Key Employees

$785,515

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cathy Breen	Board Chair	2.00	Officer Director	$0	$0	$0
Matthew G Winch	Board Vice Chair	2.00	Officer Director	$12,375	$0	$12,375
Tari Advani MD	Board Member	2.00	Director	$0	$0	$0
Rich Berthy	Board Member	2.00	Director	$0	$0	$0
Corrie Brown	Board Member	2.00	Director	$0	$0	$0
Carrie Cianchette	Board Member	2.00	Director	$0	$0	$0
Cynthia Curry	Board Member	2.00	Director	$0	$0	$0
Jeff Emerson	Board Member	2.00	Director	$0	$0	$0
Daniel Fishbein MD	Board Member	2.00	Director	$0	$0	$0
Melanie Gilligan	Board Member	2.00	Director	$0	$0	$0
Thomas Magadieu	Board Member	2.00	Director	$0	$0	$0
Rose McManus	Board Member	2.00	Director	$0	$0	$0
Stephanie Peters	Board Member	2.00	Director	$0	$0	$0
Alistair Y Raymond Esq	Board Member	2.00	Director	$0	$0	$0
Eric L Meyer	President/CEO	40.00	Officer	$411,739	$35,571	$447,310
William Beattie	COO & Security Officer	40.00	Officer	$268,960	$33,131	$302,091
Virginia Gentile	CFO/Treasurer	40.00	Officer	$263,916	$7,742	$271,658
Albert Durgin	Vice President CQI/Secretary	40.00	Officer	$201,107	$15,373	$216,480
Amy Cohan	Sr VP of Outpatient & Community Svcs	40.00	Key Emp	$187,666	$27,459	$215,125
Sandra Bissell	VP of Human Resources	40.00	Key Emp	$181,018	$8,307	$189,325
Kristen Farnham	VP of Legal Affairs & Advancement	40.00	Key Emp	$166,421	$26,262	$192,683
Misty Mateo	Sr VP of Residential/Educational Svc	40.00	Key Emp	$163,397	$24,985	$188,382
Kimberly Ann Foster	Practice Medical Director	40.00	Highest	$217,049	$21,804	$238,853
Amanda Brownell	Medical Director	40.00	Highest	$212,803	$35,961	$248,764
Samantha Reny	Practice Medical Director	40.00	Highest	$192,497	$5,208	$197,705
Nicolas Miles	Pediatrician	40.00	Highest	$173,902	$27,541	$201,443
Emily Helen Morris	Psychiatric Nurse Practitioner	40.00	Highest	$166,400	$17,893	$184,293

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	$96,383,218	$95,028,595	$51,568,933	$1,354,623
2024	$89,987,806	$93,754,390	$49,262,534	$-3,766,584
2023	$74,605,753	$73,838,692	$41,920,080	$767,061
2022	$80,108,278	$78,499,387	$41,338,682	$1,608,891
2021	$75,292,345	$75,220,530	$49,716,413	$71,815
2020	$78,815,124	$77,903,830	$41,789,767	$911,294
2019	$75,807,363	$73,832,823	$40,282,242	$1,974,540
2018	$65,699,663	$64,704,096	$39,762,531	$995,567

Spurwink Services Inc