ORRINGTON HOUSING CORP (EIN 010357799) - 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

1990

Legal Domicile

Principal Officer

SHARON O'DONNELL

Phone

2079902099

Tax Period

2024-01-01 to 2024-12-31

ORRINGTON HOUSING CORP is a 501(c)(3) with EIN 010357799, based in BANGOR, ME. Founded in 1990, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $213,685 in total revenue and $245,720 in total expenses, with net assets of $-245,343.

Mission

TO PROVIDE LOW COST HOUSING TO THE ELDERLY AND LOW INCOME.

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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 $0

Program Service Revenue $209,965

Investment Income $217

Other Revenue $3,503

TOTAL REVENUE $213,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,882

Other Expenses $245,720

TOTAL EXPENSES $245,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,685	$200,664	+0.1%
Expenses	$245,720	$233,581	+0.1%
Net Income	$-32,035	$-32,917	0.0%

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
LIZ BICKNELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GLADYS EWING	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNETTE GILLISSEN	DIRECTOR	1.00	Director	$0	$0	$0
NEIL GILLISSEN	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN GREENLAW	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MANN	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE NOYES	DIRECTOR	1.00	Director	$0	$0	$0
SHARON O'DONNELL	PRESIDENT	1.00	Officer 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	$213,685	$245,720	$548,350	$-32,035
2023	$200,664	$233,581	$585,917	$-32,917
2022	$193,873	$212,162	$614,360	$-18,289
2021	$182,783	$206,925	$627,987	$-24,142
2020	$182,433	$187,928	$655,078	$-5,495
2019	$176,090	$211,755	$655,342	$-35,665
2018	$171,728	$202,037	$691,306	$-30,309

ORRINGTON HOUSING CORP