BANGOR CONVENTION AND VISITORS BURE C/O LEE SPERONIS (EIN 010478486) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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 is a tax-exempt nonprofit with EIN 010478486, based in BANGOR, ME. Founded in 1959, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $54,560 in total revenue and $102,152 in total expenses.

Mission

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

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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