NORRIDGEWOCK HOUSING CORPORATION (EIN 010346779) - 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

1977

Legal Domicile

Principal Officer

L JOSEPH CLARK

Phone

2076345288

Tax Period

2024-01-01 to 2024-12-31

NORRIDGEWOCK HOUSING CORPORATION is a tax-exempt nonprofit with EIN 010346779, based in NORRIDGEWOCK, ME. Founded in 1977, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $253,387 in total revenue and $228,180 in total expenses, with net assets of $341,040.

Mission

PROVIDE HOUSING FOR THE ELDERLY

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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 $116,877

Program Service Revenue $133,725

Investment Income $2,785

Other Revenue $0

TOTAL REVENUE $253,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,246

Other Expenses $228,180

TOTAL EXPENSES $228,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,387	$229,139	+0.1%
Expenses	$228,180	$238,990	0.0%
Net Income	$25,207	$-9,851	-3.6%

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

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
L JOSEPH CLARK	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN CAMPBELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLY-ANN WITHEE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARLENE CLARK	DIRECTOR	0.10	Director	$0	$0	$0
DAVID LYMAN	DIRECTOR	0.10	Director	$0	$0	$0
ELWIN MATHEWS	DIRECTOR	0.10	Director	$0	$0	$0
NATHAN RICHARDS	DIRECTOR	0.10	Director	$0	$0	$0
AUDRA LYMAN	DIRECTOR	0.10	Director	$0	$0	$0
JASON DIXON	DIRECTOR	0.10	Director	$0	$0	$0
MELISSA LAWRENCE	DIRECTOR	0.10	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	$253,387	$228,180	$423,859	$25,207
2023	$229,139	$238,990	$422,629	$-9,851
2022	$204,294	$220,833	$441,375	$-16,539
2021	$198,951	$181,663	$462,590	$17,288
2020	$213,339	$197,483	$466,966	$15,856
2019	$200,789	$229,643	$476,673	$-28,854
2018	$184,056	$195,489	$517,109	$-11,433

NORRIDGEWOCK HOUSING CORPORATION