SPECIAL OLYMPICS MAINE INC (EIN 010355822) - 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

1973

Legal Domicile

Principal Officer

IAN FRANK

Phone

2078790489

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS MAINE INC, founded in 1973, is a community nonprofit in the Recreation & Sports sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 59% operating margin.

Mission

SPECIAL OLYMPICS MISSION IS TO PROVIDE YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES, GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN A SHARING OF GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,610,054

Program Service Revenue $83,560

Investment Income $1,184,693

Other Revenue $-89,790

TOTAL REVENUE $4,788,517

Expense Breakdown

Grants Paid $69,549

Salaries & Benefits $886,033

Fundraising Expenses $146,575

Program Expenses $1,284,340

Other Expenses $987,869

TOTAL EXPENSES $1,943,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,788,517	$2,053,253	+1.3%
Expenses	$1,943,451	$1,303,888	+0.5%
Net Income	$2,845,066	$749,365	+2.8%

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

3994

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

$467,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP GEELHOED	CEO	40.00	Officer	$192,480	$141,504	$333,984
IAN FRANK	CEO	40.00	Officer	$123,637	$9,894	$133,531
JUSTIN BELIVEAU	MEMBER	1.00	Director	$0	$0	$0
MICHAEL BURNHAM	MEMBER	1.00	Director	$0	$0	$0
JENNIFER COURTOIS	MEMBER	1.00	Director	$0	$0	$0
BRANDON MAZER ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE FELDMAN	CHAIR	1.00	Officer Director	$0	$0	$0
RON GASTIA	MEMBER	1.00	Director	$0	$0	$0
SCOTT GREGORY	MEMBER	1.00	Director	$0	$0	$0
DUANE HALL	MEMBER	1.00	Director	$0	$0	$0
KRISTIN HODGKINS	MEMBER	1.00	Director	$0	$0	$0
T MELISSA HUE	MEMBER	1.00	Director	$0	$0	$0
CRAIG JOHNSON	MEMBER	1.00	Director	$0	$0	$0
TONY KRASON	MEMBER	1.00	Director	$0	$0	$0
KAREN LESSARD	MEMBER	1.00	Director	$0	$0	$0
DELLA LIPPINCOTT	MEMBER	1.00	Director	$0	$0	$0
CAITLIN LOVEITT	SECRETARY	1.00	Officer Director	$0	$0	$0
MEREDITH MADDEN	MEMBER	1.00	Director	$0	$0	$0
BRIAN O'MALLEY	MEMBER	1.00	Director	$0	$0	$0
RENE OUELLETTE	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE RAY	MEMBER	1.00	Director	$0	$0	$0
MARK RODRIGUE	MEMBER	1.00	Director	$0	$0	$0
SUSAN SCACCHI	MEMBER	1.00	Director	$0	$0	$0
ROBERT SCHATZ	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ROBIN THURSTON	MEMBER	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	$4,788,517	$1,943,451	$14,474,203	$2,845,066
2023	$2,053,253	$1,303,888	$10,792,436	$749,365
2022	$1,887,745	$1,096,223	$9,504,850	$791,522
2021	$1,630,220	$653,414	$9,486,927	$976,806
2020	$1,400,040	$731,492	$7,827,153	$668,548
2019	$1,878,429	$1,238,973	$6,941,661	$639,456
2018	$1,896,145	$1,190,706	$5,794,132	$705,439

SPECIAL OLYMPICS MAINE INC