Bangor Center Management Corporati… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

BETSY LUNDY

Phone

2079222451

Tax Period

2024-07-01 to 2025-06-30

Bangor Center Management Corporation, founded in 1987, is a small nonprofit that reported $554K in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. Expenses of $528K left a modest 5% surplus.

Mission

PROMOTION OF DOWNTOWN BANGOR, MAINE

Program Service Accomplishments

Program 1

Expenses: $490,396

BANGOR CENTER CORPORATION HOLDS EVENTS SUCH AS THE HOLIDAY CELEBRATIONS, CULTURAL FESTIVALS, OUTDOOR MARKETS AND SUMMERTIME CONCERT SERIES. THE ORGANIZATION ALSO PROVIDES LAW ENFORCEMENT AND...

BANGOR CENTER CORPORATION HOLDS EVENTS SUCH AS THE HOLIDAY CELEBRATIONS, CULTURAL FESTIVALS, OUTDOOR MARKETS AND SUMMERTIME CONCERT SERIES. THE ORGANIZATION ALSO PROVIDES LAW ENFORCEMENT AND BEAUTIFICATION ACTIVITIES, AND DISTRIBUTES VARIOUS MARKETING MATERIALS.

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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 $43,787

Program Service Revenue $468,963

Investment Income $936

Other Revenue $40,199

TOTAL REVENUE $553,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,115

Fundraising Expenses $0

Program Expenses $490,396

Other Expenses $415,100

TOTAL EXPENSES $528,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,885	$213,850	+1.6%
Expenses	$528,215	$245,036	+1.2%
Net Income	$25,670	$-31,186	-1.8%

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

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

$56,134

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY LUNDY	Executive Dir.	40.00	Officer	$56,134	$0	$56,134
CAROLYN FISH	Director	5.00	Director	$0	$0	$0
ALTON BUZZELL	Vice President	5.00	Officer Director	$0	$0	$0
JOHN DOBBS	Director	5.00	Director	$0	$0	$0
KRISTEN MCALPINE	Director	5.00	Director	$0	$0	$0
ROBBIE BEATON	Director	5.00	Director	$0	$0	$0
BRIAN STANLEY	Director	5.00	Director	$0	$0	$0
JAKE BERKOWITZ	Director	5.00	Director	$0	$0	$0
JILLIAN SARNAKI	Director	5.00	Director	$0	$0	$0
WAYNE JOHANSSON	Director	5.00	Director	$0	$0	$0
JESSICA WARD	Director	5.00	Director	$0	$0	$0
IMKE JANDREAU	President	5.00	Officer Director	$0	$0	$0
BEN TREAT	Secretary	5.00	Officer Director	$0	$0	$0
JODI CLAYTON	Director	5.00	Director	$0	$0	$0
AUTUMN TIERNEY	Director	5.00	Director	$0	$0	$0
SARAH GLUECK	Treasurer	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
2025	$553,885	$528,215	$49,186	$25,670
2024	$213,850	$245,036	$10,036	$-31,186

Bangor Center Management Corporation