BELGRADE LAKES ASSOCIATION

EIN: 010377308 501(c)(3)

BELGRADE LAKES, ME

Total Revenue
$280,167
Total Expenses
$191,454
Total Assets
$875,161
Net Assets
$871,730
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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
1908
Legal Domicile
ME
Principal Officer
ALBERT LANGUET III
Phone
2075125150
Tax Period
2024-01-01 to 2024-12-31

BELGRADE LAKES ASSOCIATION, founded in 1908, is a small nonprofit that reported $280K in total revenue in fiscal year 2024. The organization ran a surplus of $89K, a strong 32% operating margin.

Mission

TO PROTECT AND IMPROVE THE WATERSHED OF GREAT POND AND LONG POND THROUGH PRESERVATION, EDUCATION AND ACTION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $217,336
Program Service Revenue $0
Investment Income $32,070
Other Revenue $30,761
TOTAL REVENUE $280,167

Expense Breakdown

Grants Paid $21,000
Salaries & Benefits $0
Fundraising Expenses $5,472
Program Expenses $184,157
Other Expenses $170,454
TOTAL EXPENSES $191,454

Year-over-Year Comparison

2024 2023 Change
Revenue $280,167 $283,359 0.0%
Expenses $191,454 $165,027 +0.2%
Net Income $88,713 $118,332 -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

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
47

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
4
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT LANGUET III PRESIDENT 8.00
Officer Director
$0 $0 $0
RICHARD LABELLE VICE PRESIDENT 6.00
Officer Director
$0 $0 $0
BLAINE HORROCKS TREASURER 18.00
Officer Director
$0 $0 $0
STEPHEN SMITH SECRETARY 6.00
Officer Director
$0 $0 $0
JOHN ATKINSON DIRECTOR 2.00
Director
$0 $0 $0
GEORGE ATKINSON DIRECTOR 2.00
Director
$0 $0 $0
POLLY BEATIE DIRECTOR 2.00
Director
$0 $0 $0
DR ANDREW COOK DIRECTOR 4.00
Director
$0 $0 $0
PATRICK DONAHUE DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH FONTAINE DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE YEATON GARDINER DIRECTOR 2.00
Director
$0 $0 $0
RICHARD GREENAN DIRECTOR 18.00
Director
$0 $0 $0
LOUISE HOGAN DIRECTOR 1.00
Director
$0 $0 $0
NATHALIE HORROCKS DIRECTOR 12.00
Director
$0 $0 $0
SHARON JEFFE DIRECTOR 2.00
Director
$0 $0 $0
CAROL JOHNSON DIRECTOR 3.00
Director
$0 $0 $0
CHRIS RALEIGH DIRECTOR 2.00
Director
$0 $0 $0
JOHN SCHLOSSER DIRECTOR 1.00
Director
$0 $0 $0
TRENT SHUTE DIRECTOR 1.00
Director
$0 $0 $0
SUNIL THAKOR DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE EMMONS 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 No data No data No data No data
2024 $280,167 $191,454 $875,161 $88,713
2023 $283,359 $165,027 $783,213 $118,332
2022 $262,183 $163,501 $665,462 $98,682
2021 $288,325 $223,633 $566,769 $64,692
2020 $199,301 $249,859 $501,512 $-50,558
2019 $197,488 $248,273 $551,877 $-50,785
2018 $245,266 $232,640 $603,012 $12,626
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