ST FRANCIS DEVELOPMENT CORP (EIN 010330932) - 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

1972

Legal Domicile

Principal Officer

BENNY NADEAU

Phone

2078346725

Tax Period

2023-01-01 to 2023-12-31

ST FRANCIS DEVELOPMENT CORP is a tax-exempt nonprofit with EIN 010330932, based in FORT KENT, ME. Founded in 1972, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $253,178 in total revenue and $261,302 in total expenses, with net assets of $312,211.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY AND LOW INCOME.

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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 $249,930

Investment Income $226

Other Revenue $3,022

TOTAL REVENUE $253,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $261,302

Other Expenses $261,302

TOTAL EXPENSES $261,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,178	$254,619	0.0%
Expenses	$261,302	$229,909	+0.1%
Net Income	$-8,124	$24,710	-1.3%

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

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
ERVIN JANDREAU	DIRECTOR	1.00	Director	$0	$0	$0
JUNE JANDREAU	TREASURER/SE	1.00	Officer Director	$0	$0	$0
BENNY NADEAU	PRESIDENT	1.00	Officer Director	$0	$0	$0
DUSTIN NADEAU	DIRECTOR	1.00	Director	$0	$0	$0
BERTRAND TAGGETT	DIRECTOR	1.00	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	$253,178	$261,302	$622,976	$-8,124
2022	$254,619	$229,909	$659,575	$24,710
2021	$255,149	$212,880	$666,539	$42,269
2020	$264,688	$204,408	$650,833	$60,280
2019	$253,495	$238,058	$618,757	$15,437
2018	$224,709	$223,389	$628,222	$1,320

ST FRANCIS DEVELOPMENT CORP