BIDDEFORD POOL COMMUNITY CLUB

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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

1937

Legal Domicile

Principal Officer

JIM OLESON

Tax Period

2024-07-01 to 2025-06-30

BIDDEFORD POOL COMMUNITY CLUB, founded in 1937, is a micro nonprofit in the Recreation & Sports sector that reported $51K in total revenue in fiscal year 2024. Net assets of $537K represent 126 months of operating reserves.

Mission

TO PROVIDE EDUCATIONAL , INFORMATIVE OR ARTISTIC PROGRAMS FOR CHILDREN AND ADULTS IN THE GREATER BIDDEFORD POOL AREA.

Program Service Accomplishments

Program 1

Expenses: $10,912 Revenue: $13,801

MAINTAINED A FREE LENDING LIBRARY OFFERING A VARIETY OF READING MATERIALS AND STRUCTURED ACTIVITIES TO THE RESIDENTS AND VISITORS OF BIDDEFORD, MAINE.

Program 2

Expenses: $12,624 Revenue: $11,663

COORDINATED COMMUNITY EVENTS AND SUMMER CONCERT SERIES THAT WOULD OTHERWISE BE DIFFICULT TO ATTAIN IN BIDDEFORD POOL AREA.

Program 3

Expenses: $13,666

PROVIDED GRANTS TO SEVERAL LOCAL ORGANIZATIONS AND EDUCATIONAL ASSISTANCE TO INDIVIDUALS

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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 $19,653

Program Service Revenue $25,464

Investment Income $557

Other Revenue $5,351

TOTAL REVENUE $51,025

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $362

Program Expenses $37,202

Other Expenses $45,401

TOTAL EXPENSES $51,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,025	$52,800	0.0%
Expenses	$51,401	$52,290	0.0%
Net Income	$-376	$510	-1.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL BASSETT	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PATRICIA BURKE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FONTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JANET GERDING	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE MELICAN	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JIM OLESON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BEN PRATT	TREASURER	2.00	Officer Director	$0	$0	$0
DESIREE STALLINGS	DIRECTOR	1.00	Director	$0	$0	$0
JOE VALENZA	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
CAROL WELDIN	DIRECTOR	1.00	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
2025	$51,025	$51,401	$537,461	$-376
2024	No data	No data	No data	No data
2023	$57,258	$40,447	$537,327	$16,811
2022	$45,272	$30,797	$520,516	$14,475
2021	$137,714	$26,971	$506,041	$110,743