BANGOR CONVENTION AND VISITORS BURE C/O LEE SPERONIS (EIN 010478486) - 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

1959

Legal Domicile

Principal Officer

LEE SPERONIS

Phone

2079475205

Tax Period

2022-07-01 to 2023-06-30

BANGOR CONVENTION AND VISITORS BURE C/O LEE SPERONIS, founded in 1959, is a micro nonprofit that reported $55K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $102K exceeded revenue, resulting in a 87% operating deficit.

Mission

STIMULATE ECONOMIC VITALITY BY PROMOTING THE BANGOR REGION AS A DESTINATION FOR MEETINGS, CONVENTIONS, AND VISITORS.

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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 $0

Program Service Revenue $54,530

Investment Income $30

Other Revenue $0

TOTAL REVENUE $54,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,050

Fundraising Expenses $1,110

Program Expenses $40,436

Other Expenses $91,102

TOTAL EXPENSES $102,152

Year-over-Year Comparison

	2022	2021	Change
Revenue	$54,560	$178,647	-0.7%
Expenses	$102,152	$144,083	-0.3%
Net Income	$-47,592	$34,564	-2.4%

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
KRISTEN MCALPINE	SECRETARY	0.50	Officer Director	$0	$0	$0
AUSTIN MUCHEMORE	TREASURER	0.50	Officer Director	$0	$0	$0
CHRIS RUDOLPH	VICE CHAIR	4.00	Officer Director	$0	$0	$0
LEE SPERONIS	CHAIR	8.00	Officer 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
2023	$54,560	$102,152	No data	$-47,592
2022	$178,647	$144,083	$154,443	$34,564
2021	$202,953	$151,004	$145,938	$51,949
2020	$198,832	$172,003	$24,710	$26,829
2019	$242,996	$213,882	$22,215	$29,114

BANGOR CONVENTION AND VISITORS BURE C/O LEE SPERONIS