Ragged Mountain Rec Area Foundation

EIN: 010467644 501(c)(3) Recreation & Sports

Camden, ME

Total Revenue
$130,623
Total Expenses
$1,189
Total Assets
$1,392,719
Net Assets
$1,392,719
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
ME
Phone
2072360734
Tax Period
2023-01-01 to 2023-12-31

Ragged Mountain Rec Area Foundation, founded in 1991, is a small nonprofit in the Recreation & Sports sector that reported $131K in total revenue in fiscal year 2023. Revenue surged 575% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 99% operating margin.

Mission

THE PRIMARY MISSION OF THE ORGANIZATION IS TO ESTABLISH AND MAINTAIN AN ENDOWMENT FUND, THE INCOME FROM WHICH WILL BE USED TO ASSIST THE PUBLIC FACILITY KNOWN AS THE CAMDEN SNOW BOWL. THE ORGANIZATION WILL ALSO RAISE FUNDS FOR DESIGNATED CAPITAL PROJECTS AND CAMPAIGNS TO SUPPORT THE RAGGED MOUNTAIN RECREATION AREA AND THE CAMDEN SNOW BOWL AS NEEDED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $106,452
Program Service Revenue $0
Investment Income $24,171
Other Revenue $0
TOTAL REVENUE $130,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $59
Program Expenses $119
Other Expenses $1,189
TOTAL EXPENSES $1,189

Year-over-Year Comparison

2023 2022 Change
Revenue $130,623 $19,348 +5.8%
Expenses $1,189 $1,135 +0.0%
Net Income $129,434 $18,213 +6.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
25

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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLINE MORONG Trustee 1.00
Director
$0 $0 $0
EDWARD ZANCA Trustee 2.00
Director
$0 $0 $0
ROBERT LEVINE Trustee 2.00
Director
$0 $0 $0
ERIN FLANAGAN Trustee 2.00
Director
$0 $0 $0
KEN TWADELL Trustee 2.00
Director
$0 $0 $0
MARTIN LLOYD Treasurer 3.00
Officer Director
$0 $0 $0
SAM APPLETON Trustee 2.00
Director
$0 $0 $0
ROBERT GORDON President 6.00
Officer Director
$0 $0 $0
JUDITH SHERMAN Trustee 2.00
Director
$0 $0 $0
JONATHAN MCDEVITT Trustee 2.00
Director
$0 $0 $0
C NEAL YETMAN DO Trustee 2.00
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 No data No data No data No data
2023 $130,623 $1,189 $1,392,719 $129,434
2022 $19,348 $1,135 $1,263,361 $18,213
2021 $18,781 $1,137 $1,246,008 $17,644
2020 $22,503 $21,764 $1,228,364 $739
2019 $32,204 $3,440 $1,227,625 $28,764
2018 $84,389 $21,232 $1,198,862 $63,157
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