BANGOR AIRPORT CIVIC DEVELOPMENT CORP (EIN 010370020) - 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

1980

Legal Domicile

Principal Officer

ANGELA BUTLER

Phone

2079474842

Tax Period

2023-07-01 to 2024-06-30

BANGOR AIRPORT CIVIC DEVELOPMENT CORP is a tax-exempt nonprofit with EIN 010370020, based in BANGOR, ME. Founded in 1980, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $142,751 in total revenue and $96,800 in total expenses, with net assets of $997,969.

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 & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $121,451

Investment Income $14,722

Other Revenue $6,578

TOTAL REVENUE $142,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,036

Other Expenses $96,800

TOTAL EXPENSES $96,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,751	$117,684	+0.2%
Expenses	$96,800	$117,192	-0.2%
Net Income	$45,951	$492	+92.4%

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	Director	$0	$0	$0
SUE HAWES	CHAIR, GOV'T. OPS	1.00	Director	$0	$0	$0
EVAN RICHERT	BOARD MEMBER	1.00	Director	$0	$0	$0
CARA PELLETIER	COUNCIL CHAIR	1.00	Director	$0	$0	$0
DAN TREMBLE	CHAIR, BUS. & ECON. DEV. COMMITTEE	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
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