COASTAL ENTERPRISES INC (EIN 010347504) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

ELISABETH BIEMANN

Phone

2075045900

Tax Period

2023-10-01 to 2024-09-30

COASTAL ENTERPRISES INC, founded in 1977, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.9M in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.2M, a strong 41% operating margin.

Mission

GROW A VIBRANT FUTURE FOR PEOPLE AND COMMUNITIES IN MAINE AND RURAL REGIONS THROUGH COMMUNITY DEVELOPMENT FINANCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,352,331

Program Service Revenue $3,880,204

Investment Income $3,361,333

Other Revenue $1,325,696

TOTAL REVENUE $39,919,564

Expense Breakdown

Grants Paid $5,880,200

Salaries & Benefits $8,416,542

Fundraising Expenses $417,481

Program Expenses $19,107,785

Other Expenses $9,429,967

TOTAL EXPENSES $23,726,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,919,564	$22,641,314	+0.8%
Expenses	$23,726,709	$18,685,864	+0.3%
Net Income	$16,192,855	$3,955,450	+3.1%

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

$895,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADLER PRIOLY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA T BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
BETH MATTINGLY	DIRECTOR	1.00	Director	$0	$0	$0
C SHAWN YARDLEY	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE VAN DUSEN GODSCHALK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES J RUDELITCH ESQ	DIRECTOR	1.00	Director	$0	$0	$0
CHIP NEWELL	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
DAN BELYEA	DIRECTOR	1.00	Director	$0	$0	$0
DEBBY MILLER	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
DEVIN COOK	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS LUTZ	DIRECTOR	1.00	Director	$0	$0	$0
IAN YAFFE	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
JASON PARENT	DIRECTOR	1.00	Director	$0	$0	$0
JEANNETTE ANDRE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DORRER	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
KRYSTAL WILLIAMS	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
MIRIAM L SHARK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SAFIYA KHALID	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT G KENNEY	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
SEAN DUNDON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HAMMOND	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN IPPOLITO	SVP, HR AND OFFICE ADMIN/SECRETARY	40.00	Officer	$113,504	$49,548	$163,052
ELISABETH BIEMANN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$258,235	$38,095	$296,330
KEITH BISSON	PRESIDENT	40.00	Officer	$219,647	$10,975	$230,622
TERESA JANKOVIC	CFO/TREASURER	40.00	Officer	$185,027	$20,815	$205,842
DANIEL WALLACE	CHIEF INVESTMENT OFFICER	40.00	Highest	$154,214	$22,028	$176,242
JENNIFER SPORZYNSKI	SVP, WORKFORCE & BUSINESS DEVELOPMENT	40.00	Highest	$127,305	$46,541	$173,846
KELSIE BOUCHARD	DIRECTOR, CEI NOTES AND PORTFOLIO MANAGEMENT	40.00	Highest	$107,432	$21,250	$128,682
LAURA BUXBAUM	SVP, POLICY & RESOURCE DEVELOPMENT	40.00	Highest	$111,783	$50,356	$162,139
THOMAS P BURNHAM	DIRECTOR OF LOAN QUALITY A	40.00	Highest	$107,416	$24,803	$132,219

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	$39,919,564	$23,726,709	$151,608,145	$16,192,855
2023	$22,641,314	$18,685,864	$125,867,837	$3,955,450
2022	$13,614,519	$12,902,636	$113,144,533	$711,883
2021	$43,453,136	$28,637,781	$100,877,671	$14,815,355
2020	$12,013,440	$12,297,218	$99,554,541	$-283,778
2019	$9,413,252	$11,309,115	$105,726,277	$-1,895,863
2018	$12,953,607	$14,400,815	$105,573,995	$-1,447,208

COASTAL ENTERPRISES INC