ISLE AU HAUT COMMUNITY DEVELOPMENT CORPORATION (EIN 010454046) - 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

1990

Legal Domicile

Phone

2078313135

Tax Period

2024-01-01 to 2024-12-31

ISLE AU HAUT COMMUNITY DEVELOPMENT CORPORATION is a 501(c)(3) with EIN 010454046, based in ISLE AU HAUT, ME. Founded in 1990, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $130,684 in total revenue and $168,817 in total expenses, with net assets of $829,856.

Mission

The Isle au Haut Community Development Corporations mission is to build and maintain a year round population on Isle au Haut. We focus on providing affordable housing and micro loans to local new business ventures.

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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 (2024)

Revenue Breakdown

Contributions & Grants $86,219

Program Service Revenue $150

Investment Income $7,265

Other Revenue $37,050

TOTAL REVENUE $130,684

Expense Breakdown

Grants Paid $13,269

Salaries & Benefits $19,377

Fundraising Expenses $0

Program Expenses $13,269

Other Expenses $136,171

TOTAL EXPENSES $168,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,684	$200,922	-0.3%
Expenses	$168,817	$134,636	+0.3%
Net Income	$-38,133	$66,286	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Olney	President	5.00	Officer Director	$0	$0	$0
Nick Filler	Vice President	2.00	Officer Director	$0	$0	$0
Dana Perry	Treasurer	2.00	Officer Director	$0	$0	$0
Carl Wilson	Trustee	1.00	Director	$0	$0	$0
Charlie Hopkins	Trustee	1.00	Director	$0	$0	$0
Derrick Sibbald	Trustee	1.00	Director	$0	$0	$0
Fannie Allen	Trustee	1.00	Director	$0	$0	$0
Robin Tannenbaum	Trustee	1.00	Director	$0	$0	$0
Walker Anderson	Trustee	1.00	Director	$0	$0	$0
Mael Drew-Morin	Trustee	1.00	Director	$0	$0	$0
Christine Hill	Trustee	1.00	Director	$0	$0	$0
Kathie Fiveash	Trustee	1.00	Director	$0	$0	$0
Rita McWilliam	Trustee	1.00	Director	$0	$0	$0
Logan Archibald	Trustee	1.00	Director	$0	$0	$0
Abbey Hafey	Trustee	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
2024	$130,684	$168,817	$895,628	$-38,133
2023	$200,922	$134,636	$928,163	$66,286
2022	$145,829	$101,448	$1,023,158	$44,381
2021	$90,358	$69,623	$979,691	$20,735

ISLE AU HAUT COMMUNITY DEVELOPMENT CORPORATION