Bangor Center Management Corporation (EIN 010433385) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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

2023-07-01 to 2024-06-30

Bangor Center Management Corporation is a tax-exempt nonprofit with EIN 010433385, based in Bangor, ME. Founded in 1987, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $213,850 in total revenue and $245,036 in total expenses, with net assets of $-10,929.

Mission

PROMOTION OF DOWNTOWN BANGOR, MAINE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $60,198

Program Service Revenue $151,220

Investment Income $5

Other Revenue $2,427

TOTAL REVENUE $213,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,189

Fundraising Expenses $0

Program Expenses $244,882

Other Expenses $165,847

TOTAL EXPENSES $245,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,850	$190,324	+0.1%
Expenses	$245,036	$186,437	+0.3%
Net Income	$-31,186	$3,887	-9.0%

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

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

$50,291

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY LUNDY	Executive Dir.	40.00	Officer	$50,291	$0	$50,291
JESSAMINE POTTLE	Vice President	5.00	Director	$0	$0	$0
ABE FURTH	Director	5.00	Director	$0	$0	$0
ROBBIE BEATON	Director	5.00	Director	$0	$0	$0
SANDRA KLAUSMEYER	Director	5.00	Director	$0	$0	$0
CHRIS RUDOLPH	Director	5.00	Director	$0	$0	$0
ERIC MIHAN	President	5.00	Director	$0	$0	$0
WAYNE JOHANSSON	Director	5.00	Director	$0	$0	$0
PHIL HENRY	Director	5.00	Director	$0	$0	$0
IMKE JANDREAU	Director	5.00	Director	$0	$0	$0
BEN TREAT	Secretary	5.00	Director	$0	$0	$0
BEV UHLENHAKE	Director	5.00	Director	$0	$0	$0
AUTUMN TIERNEY	Director	5.00	Director	$0	$0	$0
SARAH GLUECK	Treasurer	5.00	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	$213,850	$245,036	$10,036	$-31,186

Bangor Center Management Corporation