ADDISON POINT SPECIALIZED SERVICES… - 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

1998

Legal Domicile

Principal Officer

RUTH CHARTRAND

Phone

2074836500

Tax Period

2021-07-01 to 2022-06-30

ADDISON POINT SPECIALIZED SERVICES INC, founded in 1998, is a small nonprofit that reported $543K in total revenue in fiscal year 2021. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $108K, a strong 20% operating margin.

Mission

THE AGENCY ADVOCATES FOR, ADVISES AND ASSISTS INDIVIDUALS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES BY PROVIDING RESIDENTIAL HOUSING AND FULL COMMUNITY INCLUSION SOLUTIONS.

Program Service Accomplishments

Program 1

Expenses: $435,110 Revenue: $337,416

THE AGENCY'S FOUR RESIDENTIAL LOCATIONS IN MAINE PROVIDE IN-HOME AND COMMUNITY SUPPORT TO INDIVIDUALS WHO ARE DIAGNOSED WITH COGNITIVE AND INTELLECTUAL DISORDERS. THE HOMES OFFER NORMAL LIVING...

THE AGENCY'S FOUR RESIDENTIAL LOCATIONS IN MAINE PROVIDE IN-HOME AND COMMUNITY SUPPORT TO INDIVIDUALS WHO ARE DIAGNOSED WITH COGNITIVE AND INTELLECTUAL DISORDERS. THE HOMES OFFER NORMAL LIVING CONDITIONS RATHER THAN THE CONFINEMENTS OF LIVING IN INSTITUTIONS WITH VERY LITTLE CONTACT WITH THE COMMUNITIY. PARENTS OR CAREGIVERS ARE CONSIDERED AN INTEGRAL COMPONENT OF THESE SERVICES. ALL STAFF ARE CERTIFIED BEHAVIORAL HEALTH PROFESSIONALS. OUR GOAL IS TO ASSIST EACH INDIVIDUAL TO REACH THEIR FULLEST POTENTIAL. OUR MEANS OF REACHING THAT GOAL IS TO PROVIDE PROGRAMS THAT ARE STIMULATING, CHALLENGING, REWARDING AND FUN. WE BELIEVE "THE POTENTIAL IN EVERY INDIVIDUAL IS LIMITLESS"

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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 (2021)

Revenue Breakdown

Contributions & Grants $307,075

Program Service Revenue $337,416

Investment Income $-101,393

Other Revenue $0

TOTAL REVENUE $543,098

Expense Breakdown

Grants Paid $3,100

Salaries & Benefits $303,715

Fundraising Expenses $0

Program Expenses $435,110

Other Expenses $128,295

TOTAL EXPENSES $435,110

Year-over-Year Comparison

	2021	2020	Change
Revenue	$543,098	$645,513	-0.2%
Expenses	$435,110	$716,391	-0.4%
Net Income	$107,988	$-70,878	-2.5%

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
NAOMI BAKER	TREASURER	N/A	Officer Director	$0	$0	$0
JANE VAN DAM	SECRETARY	N/A	Officer Director	$0	$0	$0
THERESA LOOMIS	DIRECTOR	N/A	Director	$0	$0	$0
RUTH CHARTRAND	EXEC DIRECTO	N/A	Officer	$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
2022	$543,098	$435,110	No data	$107,988
2021	$645,513	$716,391	$297,428	$-70,878
2020	$1,197,892	$1,190,691	$371,536	$7,201
2019	$1,573,401	$1,565,015	$303,240	$8,386
2018	$2,012,467	$2,025,495	$373,212	$-13,028

ADDISON POINT SPECIALIZED SERVICES INC