ALLAGASH DEVELOPMENT CORPORATION (EIN 010375377) - 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

1972

Legal Domicile

Principal Officer

JUDITH DIK

Phone

2078346725

Tax Period

2023-01-01 to 2023-12-31

ALLAGASH DEVELOPMENT CORPORATION is a tax-exempt nonprofit with EIN 010375377, based in FORT KENT, ME. Founded in 1972, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $-7,723 in total revenue , with net assets of $-91,130.

Mission

TO PROVIDE LOW INCOME HOUSING.

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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 $4,347

Program Service Revenue $0

Investment Income $36

Other Revenue $-12,106

TOTAL REVENUE $-7,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-7,723	$-1,630	+3.7%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-1,630	N/A

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

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
JULIE FLORA	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH DIK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARILYN MCBREAIRTY	TREASURER-SE	1.00	Officer Director	$0	$0	$0
CLARA MCBREAIRTY	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH PELLETIER	DIRECTOR	1.00	Officer Director	$0	$0	$0
NOLA BEGIN	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	$-7,723	No data	$275,308	No data
2022	$-1,630	No data	$303,277	No data
2021	$-14,870	No data	$322,161	No data
2020	$-7,461	No data	$353,401	No data
2019	$-11,715	No data	$376,265	No data
2018	$-9,887	No data	$401,519	No data

ALLAGASH DEVELOPMENT CORPORATION