DOWNEAST TRANSPORTATION INC

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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

1981

Legal Domicile

Principal Officer

PAUL MURPHY

Phone

2076675796

Tax Period

2023-07-01 to 2024-06-30

DOWNEAST TRANSPORTATION INC, founded in 1981, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $5.7M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE FIXED ROUTE, PUBLIC TRANSPORTATION SERVICE IN AND AROUND HANCOCK COUNTY, MAINE IN ORDER TO GIVE RURAL COMMUNITIES IMPROVED ACCESS TO WORK, SHOPPING, MEDICAL. HUMAN AND GOVERNMENT SERVICES

Program Service Accomplishments

Program 1

Expenses: $589,172 Revenue: $353,044

YEAR-ROUND COUNTY-WIDE BUS SERVICE - DOWNEAST TRANSPORTATION PROVIDES POPULAR YEAR-ROUND SHOPPING TRIPS TO ELLSWORTH AND BANGOR, AND IN-TOWN SHUTTLE SERVICE FOR BUCKSPORT, ELLSWORTH, BAR HARBOR AND...

Program 2

Expenses: $3,095,942 Revenue: $204,562

ISLAND EXPLORER - AN ALTERNATIVELY FUELED BUS SYSTEM IN AND AROUND ACADIA NATIONAL PARK. THIS IS ONE OF THE MOST SUCCESSFUL RURAL TRANSPORTATION SYSTEMS IN THE U.S. THE ISLAND EXPLORER FEATURES...

ISLAND EXPLORER - AN ALTERNATIVELY FUELED BUS SYSTEM IN AND AROUND ACADIA NATIONAL PARK. THIS IS ONE OF THE MOST SUCCESSFUL RURAL TRANSPORTATION SYSTEMS IN THE U.S. THE ISLAND EXPLORER FEATURES TWELVE BUS ROUTES LINKING HOTELS, INN, AND CAMPGROUNDS WITH DESTINATIONS IN ACADIA NATIONAL PARK AND NEIGHBORING VILLAGE CENTERS. CLEAN PROPANE-POWERED VEHICLES OFFER MOUNT DESERT ISLAND VISITORS AND RESIDENTS FREE TRANSPORTATION TO HIKING TRAILS, CARRIAGE ROADS, ISLAND BEACHES, AND IN-TOWN SHOPS AND RESTAURANTS.

Program 3

Expenses: $581,444 Revenue: $290,000

COMMUTER PROGRAM - IN 2003, DOWNEAST TRANSPORTATION BEGAN A VERY SUCCESSFUL JOBS ACCESS AND REVERSE COMMUTE PROGRAM IN PARTNERSHIP WITH THE JACKSON LABORATORY, HANCOCK COUNTY'S LARGEST EMPLOYER. THIS FEDERAL PROGRAM ADDRESSES THE UNIQUE TRANSPORTATION CHALLENGES FACED BY WELFARE RECIPIENTS AND LOW-INCOME PERSONS SEEKING TO OBTAIN AND MAINTAIN EMPLOYMENT.

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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 $3,719,135

Program Service Revenue $847,606

Investment Income $24,645

Other Revenue $2,139

TOTAL REVENUE $4,593,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,848,931

Fundraising Expenses $0

Program Expenses $4,266,558

Other Expenses $2,898,257

TOTAL EXPENSES $5,747,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,593,525	$5,186,782	-0.1%
Expenses	$5,747,188	$5,091,209	+0.1%
Net Income	$-1,153,663	$95,573	-13.1%

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

129

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

$105,730

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL MURPHY	EXCUTIVE DIR	40.00	Officer	$100,700	$5,030	$105,730
JOHN BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE CLEMENT	DIRECTOR	1.00	Director	$0	$0	$0
DONALD COOPER	DIRECTOR	1.00	Director	$0	$0	$0
PETER DRINKWATER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM GAWLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN PHILLIPS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ADELE SIMPSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICKI SUMPTER	TREASURER	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
2025	No data	No data	No data	No data
2024	$4,593,525	$5,747,188	$8,723,216	$-1,153,663
2023	$5,186,782	$5,091,209	$9,928,633	$95,573
2022	$5,628,207	$4,460,652	$9,674,662	$1,167,555
2022	$5,628,206	$4,473,041	$9,662,273	$1,155,165
2021	$4,797,695	$2,855,974	$8,438,739	$1,941,721
2021	$4,797,693	$2,890,376	$8,438,739	$1,907,317
2020	$3,879,865	$4,045,774	$9,340,356	$-165,909