Carrabassett Valley Academy

EIN: 010384633 501(c)(3) Education

Carrabassett Valley, ME

Total Revenue
$6,315,083
Total Expenses
$6,014,593
Total Assets
$14,109,913
Net Assets
$12,534,136
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
ME
Principal Officer
Alex Godomsky
Phone
2072372250
Tax Period
2023-07-01 to 2024-06-30

Carrabassett Valley Academy, founded in 1983, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $6.0M left a modest 5% surplus.

Mission

College preparatory education and athletic training.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $695,534
Program Service Revenue $5,498,310
Investment Income $39,477
Other Revenue $81,762
TOTAL REVENUE $6,315,083

Expense Breakdown

Grants Paid $1,665
Salaries & Benefits $3,600,523
Fundraising Expenses $5,724
Program Expenses $4,693,720
Other Expenses $2,412,405
TOTAL EXPENSES $6,014,593

Year-over-Year Comparison

2023 2022 Change
Revenue $6,315,083 $6,819,383 -0.1%
Expenses $6,014,593 $5,628,519 +0.1%
Net Income $300,490 $1,190,864 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
23
Independent Members
22
Employees
151
Volunteers
25

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
6
$267,766
Total Directors
23
$168,706
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kate Punderson Head of School 40.00
Officer Director
$168,706 $0 $168,706
Lindy Gruen Board Chair 1.00
Officer Director
$0 $0 $0
Sean Dundon Vice Chair 1.00
Officer Director
$0 $0 $0
Peter Smith Treasurer 1.00
Officer Director
$0 $0 $0
Tim Flight Secretary 1.00
Officer Director
$0 $0 $0
Benjamin Bisson Trustee 1.00
Director
$0 $0 $0
Sarah Fossett Trustee 1.00
Director
$0 $0 $0
Amanda Newton Gray Trustee 1.00
Director
$0 $0 $0
Victoria Robinson Trustee 1.00
Director
$0 $0 $0
Lloyd Cuttler Trustee 1.00
Director
$0 $0 $0
Christopher P Lorenz Trustee 1.00
Director
$0 $0 $0
Bonnie Potter Trustee 1.00
Director
$0 $0 $0
Carol Fremont-Smith Trustee 1.00
Director
$0 $0 $0
Russ Drechsel Trustee 1.00
Director
$0 $0 $0
Bruce Miles Trustee 1.00
Director
$0 $0 $0
Emily Dickinson-Leete Trustee 1.00
Director
$0 $0 $0
Will Savage Trustee 1.00
Director
$0 $0 $0
Joshua Silver Trustee 1.00
Director
$0 $0 $0
Karl Strand Trustee 1.00
Director
$0 $0 $0
Shelby MacLeod Trustee 1.00
Director
$0 $0 $0
Bill Karn Trustee 1.00
Director
$0 $0 $0
Greg Tobias Trustee 1.00
Director
$0 $0 $0
Sudheer Tyagi Trustee 1.00
Director
$0 $0 $0
Alex Godomsky Director of Finance 40.00
Officer
$91,863 $7,197 $99,060
Kirk Dwyer Alpine Program Director 40.00
Highest
$150,254 $11,662 $161,916
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 $6,315,083 $6,014,593 $14,109,913 $300,490
2023 $6,819,383 $5,628,519 $13,644,586 $1,190,864
2022 $6,621,531 $5,396,174 $12,355,578 $1,225,357
2021 $4,432,208 $4,328,104 $11,857,906 $104,104
2020 $3,657,306 $3,897,638 $10,865,068 $-240,332
2019 $3,782,116 $4,005,330 $10,875,391 $-223,214
2018 $3,538,267 $3,901,534 $11,038,830 $-363,267
Explore More Nonprofits
Top 100 Nonprofits in Maine Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Carrabassett Valley Academy with other nonprofits in Maine and across the country.