SUMMER RESIDENTS ASSOCIATION TOWN OF MOUNT DESERT INC (EIN 010457674) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

HARRY R MADEIRA JR

Tax Period

2022-01-01 to 2022-12-31

SUMMER RESIDENTS ASSOCIATION TOWN OF MOUNT DESERT INC, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $11K in total revenue in fiscal year 2022. Expenses of $10K left a modest 7% surplus.

Mission

PROVIDE AN EFFECTIVE MEANS OF COMMUNICATION BETWEEN THE SUMMER RESIDENTS AND THE TOWN LEADERSHIP ON ISSUES THAT CONCERN THE CURRENT AND FUTURE WELL BEING OF THE TOWN OF MOUNT DESERT, ME. THE BOARD OF DIRECTORS OF THE ORGANIZATION SEEKS TO REPRESENT THE VIEWS OF THE SUMMER RESIDENTS AND TO KEEP THEM INFORMED OF, AND INVOLVED IN, THE TOWN PLANNING PROCESS ON CURRENT AND FUTURE ISSUES AND TO BE A CONSTRUCTIVE VOICE OF THE SUMMER RESIDENTS WITH THE TOWN GOVERNMENT, WORKING CLOSELY WITH THE TOWN LEADERS TO PRESERVE AND PROTECT THE UNIQUE CHARACTER, CULTURE, ENVIRONMENT, AND QUALITY OF LIFE OF THE TOWN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,250

Program Service Revenue $4,875

Investment Income $425

Other Revenue $0

TOTAL REVENUE $10,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,845

Other Expenses $9,795

TOTAL EXPENSES $9,795

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,550	$9,896	+0.1%
Expenses	$9,795	$38,789	-0.7%
Net Income	$755	$-28,893	-1.0%

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

N/A

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
PEROT BISSELL	DIRECTOR	0.50	Director	$0	$0	$0
CAMMIE DISSTON	DIRECTOR	0.50	Director	$0	$0	$0
WHITNEY DRAYTON	DIRECTOR	0.50	Director	$0	$0	$0
JIM GREEN	PRESIDENT	0.50	Director	$0	$0	$0
WILL HUDSON	DIRECTOR	0.50	Director	$0	$0	$0
LILLIE JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
HARRY R MADEIRA JR	TREASURER	0.50	Officer Director	$0	$0	$0
JACK KATZ	DIRECTOR	0.50	Director	$0	$0	$0
NED NALLE	VICE PRESIDE	0.50	Director	$0	$0	$0
MARNIE PHILLIPS	DIRECTOR	0.50	Director	$0	$0	$0
FRAN FREEMONT SMITH	DIRECTOR	0.50	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
2022	$10,550	$9,795	$58,687	$755
2021	$9,896	$38,789	$57,932	$-28,893
2020	$1,011,131	$1,028,174	$86,825	$-17,043

SUMMER RESIDENTS ASSOCIATION TOWN OF MOUNT DESERT INC