BANGOR AIRPORT CIVIC DEVELOPMENT CORP (EIN 010370020) - 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

1980

Legal Domicile

Principal Officer

RAY BOLDUC

Phone

2079474842

Tax Period

2024-07-01 to 2025-06-30

BANGOR AIRPORT CIVIC DEVELOPMENT CORP, founded in 1980, is a micro nonprofit that reported $90K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 39% operating deficit.

Mission

PROMOTE & SUSTAIN ECONOMIC GROWTH & DEVELOPMENT THROUGH PROMOTION AND ESTABLISHMENT OF ENTERPRISE CENTERS AND FOREIGN TRADE ZONES.

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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 $0

Program Service Revenue $81,566

Investment Income $8,462

Other Revenue $0

TOTAL REVENUE $90,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,903

Other Expenses $125,176

TOTAL EXPENSES $125,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,028	$142,751	-0.4%
Expenses	$125,176	$96,800	+0.3%
Net Income	$-35,148	$45,951	-1.8%

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

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
RICHARD L FOURNIERII	COUNCIL CHAIR	1.00	Director	$0	$0	$0
EDWARD GOULD	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RAY BOLDUC	TREASURER	1.00	Officer Director	$0	$0	$0
SUE HAWES	CHAIR, GOV'T. OPS	1.00	Director	$0	$0	$0
DAN TREMBLE	CHAIR, BUS. & ECON. DEV. C	1.00	Director	$0	$0	$0
JOSE SAAVEDRA	AIRPORT 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
2025	$90,028	$125,176	$967,811	$-35,148
2024	$142,751	$96,800	$998,659	$45,951
2023	$117,684	$117,192	$954,347	$492
2022	$110,206	$128,556	$958,517	$-18,350
2021	$144,948	$117,296	$994,399	$27,652
2020	$87,560	$75,666	$980,380	$11,894
2019	$72,266	$81,433	$942,695	$-9,167

BANGOR AIRPORT CIVIC DEVELOPMENT CORP