FRIENDS OF CASCO BAY

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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

1989

Legal Domicile

Principal Officer

WILL EVERITT

Phone

2077998574

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF CASCO BAY, founded in 1989, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $2.7M represent 25 months of operating reserves.

Mission

TO IMPROVE AND PROTECT THE ENVIRONMENTAL HEALTH OF CASCO BAY, MAINE.

Program Service Accomplishments

Program 1

Expenses: $560,339

THE BAYKEEPING PROGRAM THROUGH ADVOCACY, STEWARDSHIP, AND TECHNICAL ASSISTANCE PREVENTS POLLUTION, PROTECTS CRITICAL HABITATS AND MARINE LIFE, STRENGTHENS ENFORCEMENT AND ACCOUNTABILITY, BY WORKING WITH INDIVIDUALS, BUSINESSES, MUNICIPALITIES, REGULARTORY AGENCIES, COMMUNITY GROUPS, AND OTHER SCIENTISTS.

Program 2

Expenses: $249,771

THE SCIENCE PROGRAM PROVIDES A WIDE VARIETY OF WATER QUALITY MONITORING EFFORTS ACROSS THE BAY USING DATA SONDES AND SENSORS, INCLUDING THREE CONTINUOUS MONITORING STATIONS THAT COLLECT DATA EVERY 15 MINUTES, 365 DAYS A YEAR, SEASONAL SPATIAL SAMPLING AT MORE THAN 20 SITES AROUND THE BAY, AND PERIODIC INVESTIGATIONS OF SPECIFIC REGIONS OF THE BAY. IN ADDITION, VOLUNTEERS ARE TRAINED TO COLLECT OBSERVATIONS ABOUT ALGAL BLOOMS, SEA LEVEL RISE, EROSION, WILDLIFE, TRASH, AND POLLUTION IN THE CASCO BAY WATERSHED USING AN OBSERVING NETWORK APP.

Program 3

Expenses: $92,090 Revenue: $2,891

THE VESSEL PUMPOUT PROGRAM REMOVES SEWAGE FROM BOATS AND PROVIDES OUTREACH AND EDUCATION TO BOAT OWNERS, BOATYARDS, MARINAS AND MUNICIPALITIES ABOUT THE NEED TO INCREASE THE USE AND AVAILABILITY OF SHORESIDE PUMPOUT FACILITIES AND TO COMPLY WITH THE FEDERAL "NO DISCHARGE AREA" STATUS OF CASCO BAY.

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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 $1,292,253

Program Service Revenue $2,891

Investment Income $35,247

Other Revenue $-12,680

TOTAL REVENUE $1,317,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $902,468

Fundraising Expenses $258,804

Program Expenses $902,200

Other Expenses $472,325

TOTAL EXPENSES $1,374,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,317,711	$1,078,998	+0.2%
Expenses	$1,374,793	$1,283,562	+0.1%
Net Income	$-57,082	$-204,564	-0.7%

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

Volunteers

436

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

$134,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRSTEN PIACENTINI	PRESIDENT	2.00	Officer Director	$0	$0	$0
ELLEN GRANT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PATRICIA IANNI	CLERK	1.00	Officer Director	$0	$0	$0
MALCOLM F POOLE	TREASURER	1.00	Officer Director	$0	$0	$0
SAMANTHA BENGS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN BUSHEY	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH DEBIEGUN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER C LEBOURDAIS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MARSTERS	DIRECTOR	1.00	Director	$0	$0	$0
SEBASTIAN MILARDO	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY MOFFA	DIRECTOR	1.00	Director	$0	$0	$0
JANNA REARICK	DIRECTOR	1.00	Director	$0	$0	$0
SOREN SCHRODER	DIRECTOR	1.00	Director	$0	$0	$0
FIONA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
WILL EVERITT	EXECUTIVE DI	40.00	Officer	$127,008	$7,309	$134,317
IVY FRIGNOCA	CASCO BAYKEE	40.00	Highest	$120,253	$17,492	$137,745

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	$1,317,711	$1,374,793	$2,895,561	$-57,082
2024	$1,078,998	$1,283,562	$2,890,467	$-204,564
2023	$1,168,847	$1,237,062	$2,813,703	$-68,215
2022	$1,343,610	$1,098,029	$2,926,094	$245,581
2021	$1,082,412	$919,435	$2,896,363	$162,977
2020	$1,593,975	$1,017,555	$2,243,076	$576,420
2019	$1,175,021	$821,844	$1,715,863	$353,177