HERMON ELDERLY PROJECT (EIN 010367846) - 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

1983

Legal Domicile

Principal Officer

DANNY CLIFF

Phone

2079902099

Tax Period

2023-01-01 to 2023-12-31

HERMON ELDERLY PROJECT, founded in 1983, is a small nonprofit in the Human Services sector that reported $168K in total revenue in fiscal year 2023. Expenses of $227K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE SUBSIDIZED AND LOW COST HOUSING UNITS TO THE ELDERLY AND POOR IN THE GREATER BANGOR, MAINE AREA.

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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 $0

Program Service Revenue $165,367

Investment Income $79

Other Revenue $2,444

TOTAL REVENUE $167,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $214,072

Other Expenses $226,887

TOTAL EXPENSES $226,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,890	$164,208	+0.0%
Expenses	$226,887	$210,215	+0.1%
Net Income	$-58,997	$-46,007	+0.3%

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
JEFF BYERS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DANNY CLIFF	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON NICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
RUTH PLOURDE	DIRECTOR	1.00	Director	$0	$0	$0
DALE PORTER	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM SCHOPPE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE SELLECK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN SNYER	DIRECTOR	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	No data	No data	No data	No data
2023	$167,890	$226,887	$785,942	$-58,997
2022	$164,208	$210,215	$840,778	$-46,007
2021	$158,155	$210,214	$883,615	$-52,059
2020	$151,490	$208,663	$935,221	$-57,173
2019	$147,086	$201,412	$983,903	$-54,326
2018	$143,138	$205,345	$1,033,427	$-62,207

HERMON ELDERLY PROJECT