Hancock County Auditorium Associates (EIN 010332058) - 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

1975

Legal Domicile

Principal Officer

Nicholas Turner

Phone

2076675911

Tax Period

2023-07-01 to 2024-06-30

Hancock County Auditorium Associates is a 501(c)(3) with EIN 010332058, based in Ellsworth, ME. Founded in 1975, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $512,538 in total revenue and $555,869 in total expenses, with net assets of $214,716.

Mission

The Grand is an iconic Art Deco theater in Downeast, Maine that fosters social interaction and growth in artists and audiences through the arts, entertainment and education.

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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 $140,943

Program Service Revenue $307,847

Investment Income $11,272

Other Revenue $52,476

TOTAL REVENUE $512,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,693

Fundraising Expenses $9,516

Program Expenses $385,529

Other Expenses $343,176

TOTAL EXPENSES $555,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$512,538	$443,154	+0.2%
Expenses	$555,869	$540,410	+0.0%
Net Income	$-43,331	$-97,256	-0.6%

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

Total Directors

Key Employees

$64,588

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicholas Turner	Exec Director	40.00	Key Emp	$64,588	$0	$64,588
Steven Fuller	President	5.00	Officer	$0	$0	$0
Kevin Townsend	Vice President	5.00	Officer	$0	$0	$0
Heidi-Noel Grindle	Treasurer	5.00	Officer	$0	$0	$0
Anne-Marie Storey	Secretary	5.00	Officer	$0	$0	$0
Christopher Uphouse	Director	5.00	Director	$0	$0	$0
Benjamin Chandler	Director	5.00	Director	$0	$0	$0
Bob Terwilliger	Director	5.00	Director	$0	$0	$0
Lorianne Jackson	Director	5.00	Director	$0	$0	$0
Mark Remicj	Director	5.00	Director	$0	$0	$0
Lorise Jordan	Director	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
2024	$512,538	$555,869	$632,074	$-43,331
2023	$443,154	$540,410	$659,004	$-97,256
2022	$556,809	$481,753	$671,137	$75,056
2021	$264,189	$304,643	$683,027	$-40,454
2020	$430,611	$491,038	$751,245	$-60,427
2019	$598,538	$668,348	$694,244	$-69,810
2018	$679,009	$740,741	$728,431	$-61,732

Hancock County Auditorium Associates