COASTAL MAINE AQUATICS (EIN 010422745) - 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

1984

Legal Domicile

Tax Period

2022-09-01 to 2023-08-31

COASTAL MAINE AQUATICS, founded in 1984, is a small nonprofit in the Recreation & Sports sector that reported $221K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $248K exceeded revenue, resulting in a 12% operating deficit.

Mission

COASTAL MAINE AQUATICS PROVIDES A YEAR-ROUND SWIM CLUB PROGRAM FOR CHILDREN AGES 6 AND UP FOR ALL LEVELS OF ABILITY AND EXPERIENCE. CMA IS A MEMBER OF USA SWIMMING AND MAINE SWIMMING, THE NATIONAL AND STATE GOVERNING BOARDS FOR AMATEUR COMPETITIVE SWIMMING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $143,020

Program Service Revenue $78,324

Investment Income $11

Other Revenue $0

TOTAL REVENUE $221,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,530

Fundraising Expenses $0

Program Expenses $204,122

Other Expenses $127,065

TOTAL EXPENSES $247,595

Year-over-Year Comparison

	2022	2021	Change
Revenue	$221,355	$264,331	-0.2%
Expenses	$247,595	$242,801	+0.0%
Net Income	$-26,240	$21,530	-2.2%

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

N/A

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
BERNADETTE SHAW	BOARD MEMBER	5.00	Director	$0	$0	$0
NICOLE TACKETT	BOARD MEMBER	5.00	Director	$0	$0	$0
ERIN TAYLOR	BOARD MEMBER	5.00	Director	$0	$0	$0
JASON PARKER	BOARD MEMBER	5.00	Director	$0	$0	$0
AIMEE PARSONS	BOARD MEMBER	5.00	Director	$0	$0	$0
MIKE MAHONEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
TRUDANCE BAKKE	TREASURER	5.00	Officer Director	$0	$0	$0
ILANA DEW	SECRETARY	5.00	Officer 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
2023	$221,355	$247,595	$9,776	$-26,240

COASTAL MAINE AQUATICS