Downeast Horizons Inc (EIN 010331180) - 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

Anthony Zambrano

Phone

2076677464

Tax Period

2024-07-01 to 2025-06-30

Downeast Horizons Inc is a 501(c)(3) with EIN 010331180, based in Ellsworth, ME. The organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $9,494,947 in total revenue and $8,833,480 in total expenses, with net assets of $13,711,912.

Mission

Providing necessary support for adults and children with developmental disabilities to participate in the community in which they live in a way that satifies and enriches

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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 $135,361

Program Service Revenue $9,206,336

Investment Income $153,250

Other Revenue $0

TOTAL REVENUE $9,494,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,924,571

Fundraising Expenses $51,653

Program Expenses $7,960,477

Other Expenses $2,908,909

TOTAL EXPENSES $8,833,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,494,947	$10,006,795	-0.1%
Expenses	$8,833,480	$9,122,541	0.0%
Net Income	$661,467	$884,254	-0.3%

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

175

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

$176,753

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY ZAMBRANO	Executive Director	50.00	Key Emp	$176,753	$0	$176,753
ARMAND AUCLAIR	PresidentBOD	5.00	Officer Director	$0	$0	$0
JOHN MOORE	DirectorBOD	5.00	Director	$0	$0	$0
JEFFER FERNALD	Treasurer	5.00	Officer Director	$0	$0	$0
DANA YOUNG	VicePresidentBOD	5.00	Director	$0	$0	$0
JENNIE GRAY	DirectorBOD	5.00	Director	$0	$0	$0
MICHAEL TADENEV	DirectorBOD	5.00	Director	$0	$0	$0
TINA BARRETT	SecretaryBOD	5.00	Officer Director	$0	$0	$0
GERRY MONTEUX	DirectorBOD	5.00	Director	$0	$0	$0
LORRAINE OUELLETTE	DirectorBOD	5.00	Director	$0	$0	$0
DUANE BARTLETT	DirectorBOD	5.00	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
2025	$9,494,947	$8,833,480	$14,148,930	$661,467
2024	No data	No data	No data	No data
2023	$10,055,356	$8,902,450	$12,979,346	$1,152,906
2022	$9,191,732	$8,591,516	$11,861,864	$600,216
2021	$8,605,569	$7,845,068	$11,449,129	$760,501
2020	$8,467,417	$7,752,960	$10,410,233	$714,457
2018	$6,550,405	$5,993,040	$7,568,044	$557,365

Downeast Horizons Inc