ALBION ASSOCIATES (EIN 010484605) - 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

1994

Legal Domicile

Principal Officer

JAN CRONKITE

Phone

2074375251

Tax Period

2024-01-01 to 2024-12-31

ALBION ASSOCIATES is a 501(c)(3) with EIN 010484605, based in ALBION, ME. Founded in 1994, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $246,433 in total revenue and $239,587 in total expenses, with net assets of $-9,405.

Mission

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.

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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 $169,399

Program Service Revenue $70,829

Investment Income $6,205

Other Revenue $0

TOTAL REVENUE $246,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,752

Other Expenses $239,587

TOTAL EXPENSES $239,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,433	$213,006	+0.2%
Expenses	$239,587	$246,646	0.0%
Net Income	$6,846	$-33,640	-1.2%

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
EVERETT DRAKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET CRONKITE	SECRETARY	1.00	Officer Director	$0	$0	$0
JEAN MESULAM	TREASURER	1.00	Officer Director	$0	$0	$0
NED MESULAM	VICE PRESIDENT	1.00	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
2024	$246,433	$239,587	$735,830	$6,846
2023	$213,006	$246,646	$756,363	$-33,640
2022	$211,993	$219,986	$808,610	$-7,993
2021	$209,796	$197,843	$839,913	$11,953
2020	$212,151	$195,011	$868,468	$17,140
2019	$216,004	$198,896	$854,021	$17,108
2018	$212,817	$197,073	$855,919	$15,744

ALBION ASSOCIATES