MAINE ADAPTIVE SPORTS & RECREATION (EIN 010388818) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

PAUL HOGAN

Phone

2078242440

Tax Period

2024-07-01 to 2025-06-30

MAINE ADAPTIVE SPORTS & RECREATION, founded in 1983, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 10% surplus.

Mission

TO PROMOTE YEAR-ROUND EDUCATION AND TRAINING FOR INDIVIDUALS WITH DISABILIES IN ORDER TO DEVELOP SKILLS, ENHANCE INDEPENDENCE, AND PROVIDE ENJOYMENT THROUGH ACTIVE RECREATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $647,005

Program Service Revenue $0

Investment Income $76,332

Other Revenue $570,246

TOTAL REVENUE $1,293,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $468,726

Fundraising Expenses $0

Program Expenses $520,712

Other Expenses $699,755

TOTAL EXPENSES $1,168,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,293,583	$1,088,892	+0.2%
Expenses	$1,168,481	$964,812	+0.2%
Net Income	$125,102	$124,080	+0.0%

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

Volunteers

324

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
AMY BANNON	CO-MANAGING DIRECTOR	0.00	Highest	$78,565	$0	$78,565
ELIZABETH PEACOCK	CO-MANAGING DIRECTOR	0.00	Highest	$76,628	$0	$76,628
GLENN KROLL	DIRECTOR	6.00	Director	$0	$0	$0
LUKE GOODINE	DIRECTOR	10.00	Director	$0	$0	$0
ELYSE DOYLE	DIRECTOR	6.00	Director	$0	$0	$0
GLEN HARROP	DIRECTOR	0.00	Director	$0	$0	$0
EMMA LAPRISE	DIRECTOR	6.00	Director	$0	$0	$0
REBECCA MELLALY	DIRECTOR	10.00	Director	$0	$0	$0
JOSH PRECOURT	DIRECTOR	6.00	Director	$0	$0	$0
ALI SPAULDING	DIRECTOR	6.00	Director	$0	$0	$0
DAN TILTON	DIRECTOR	6.00	Director	$0	$0	$0
JASMINE WAITE	DIRECTOR	10.00	Director	$0	$0	$0
PAUL HOGAN	PRESIDENT	20.00	Officer	$0	$0	$0
STEVEN PALLESCHI	FORMER PRESIDENT	15.00	Officer	$0	$0	$0
SALLY HARKINS	VICE PRESIDENT	20.00	Officer	$0	$0	$0
JOSEPH BEGIN	TREASURER	20.00	Officer	$0	$0	$0
ANDREA ANDREWS	SECRETARY	6.00	Officer	$0	$0	$0
TOM BUTLER	FORMER DIRECTOR	4.00		$0	$0	$0
CATE PARKER	FORMER SECRETARY	10.00		$0	$0	$0
DAVID PATCH	FORMER PAST PRESIDENT	6.00		$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	$1,293,583	$1,168,481	$1,687,308	$125,102
2024	$1,088,892	$964,812	$1,576,299	$124,080
2023	$870,660	$844,504	$1,487,676	$26,156
2022	$634,440	$797,728	$1,097,329	$-163,288
2021	$779,047	$611,204	$1,404,970	$167,843
2020	$526,805	$715,728	$1,237,127	$-188,923
2018	$721,210	$758,980	$1,255,979	$-37,770

MAINE ADAPTIVE SPORTS & RECREATION