MATTANAWCOOK TERRACE HOUSING CORPORATION (EIN 010325912) - 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

Legal Domicile

Principal Officer

RUSSELL STANLEY

Phone

2079902099

Tax Period

2023-01-01 to 2023-12-31

MATTANAWCOOK TERRACE HOUSING CORPORATION is a tax-exempt nonprofit with EIN 010325912, based in BANGOR, ME. The organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $251,111 in total revenue and $243,588 in total expenses, with net assets of $-268,056.

Mission

TO PROVIDE DECENT, SAFE AND CLEAN SUBSIDIZED HOUSING TO ELDERLY RESIDENTS OF THE GREATER LINCOLN, MAINE AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $246,647

Investment Income $102

Other Revenue $4,362

TOTAL REVENUE $251,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,612

Other Expenses $243,588

TOTAL EXPENSES $243,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,111	$213,683	+0.2%
Expenses	$243,588	$244,233	0.0%
Net Income	$7,523	$-30,550	-1.2%

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 CUST	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JON PELKEY	DIRECTOR	1.00	Director	$0	$0	$0
KIM PELKEY	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL STANLEY	PRESIDENT	1.00	Officer 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	No data	No data	No data	No data
2023	$251,111	$243,588	$1,005,763	$7,523
2022	$213,683	$244,233	$990,986	$-30,550
2021	$213,603	$213,075	$1,039,438	$528
2020	$209,431	$215,576	$1,059,248	$-6,145
2019	$200,093	$243,360	$1,065,400	$-43,267
2018	$207,590	$232,914	$1,106,960	$-25,324

MATTANAWCOOK TERRACE HOUSING CORPORATION