READFIELD UNION MEETING HOUSE CO

EIN: 010393119 501(c)(3) Arts, Culture & Humanities

READFIELD, ME

Total Revenue
$184,462
Total Expenses
$12,064
Total Assets
$1,254,624
Net Assets
$1,251,624
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
ME
Phone
2079318281
Tax Period
2024-01-01 to 2024-12-31

READFIELD UNION MEETING HOUSE CO, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $184K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $172K, a strong 93% operating margin.

Mission

RESTORE AND MAINTAIN THE MEETING HOUSE FOR THE BENEFIT OF THE COMMUNITY AND TO CONTINUE ITS STATUS IN THE NATIONAL REGISTER OF HISTORIC PLACES.

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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 $127,749
Program Service Revenue $325
Investment Income $47,406
Other Revenue $8,982
TOTAL REVENUE $184,462

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,745
Other Expenses $12,064
TOTAL EXPENSES $12,064

Year-over-Year Comparison

2024 2023 Change
Revenue $184,462 $722,376 -0.7%
Expenses $12,064 $37,975 -0.7%
Net Income $172,398 $684,401 -0.7%
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
10
Independent Members
10
Employees
N/A
Volunteers
32

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FLORENCE DRAKE DIRECTOR 3.00
Director
$0 $0 $0
LARRY DUNN DIRECTOR 15.00
Director
$0 $0 $0
NANCY DURGIN VICE PRESIDENT 20.00
Officer Director
$0 $0 $0
JASON FOSTER DIRECTOR 10.00
Director
$0 $0 $0
MARY JERNIGAN SECRETARY 4.00
Officer Director
$0 $0 $0
JOHN PERRY TREASURER 15.00
Officer Director
$0 $0 $0
BEN RODRIGUEZ DIRECTOR 3.00
Director
$0 $0 $0
JIM TUKEY PRESIDENT 10.00
Officer Director
$0 $0 $0
STEVE HAYES DIRECTOR 4.00
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 $184,462 $12,064 $1,254,624 $172,398
2023 $722,376 $37,975 $1,082,883 $684,401
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