Kennebec Valley Council of Governments (EIN 010488478) - 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

1994

Legal Domicile

Principal Officer

Joel Greenwood

Phone

2074534258

Tax Period

2022-07-01 to 2023-06-30

Kennebec Valley Council of Governments, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $899K in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

To be an advocate and agent for local and regional planning and economic growth. To support and expand the capabilities of local, municipal, and county government development.

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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 $655,701

Program Service Revenue $200,074

Investment Income $10,683

Other Revenue $32,897

TOTAL REVENUE $899,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $610,596

Fundraising Expenses $0

Program Expenses $718,444

Other Expenses $490,839

TOTAL EXPENSES $1,101,435

Year-over-Year Comparison

	2022	2021	Change
Revenue	$899,355	$1,583,667	-0.4%
Expenses	$1,101,435	$855,487	+0.3%
Net Income	$-202,080	$728,180	-1.3%

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

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

$150,610

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Underwood	Executive Director	040.00	Officer	$93,634	$0	$93,634
Lorra-Lee Snyder	Finance Director	040.00	Officer	$56,976	$0	$56,976
Tim Curtis	President	000.20	Officer Director	$0	$0	$0
Richard LaBelle	Past President	000.20	Officer Director	$0	$0	$0
Eric Dyer	Vice President	000.20	Officer Director	$0	$0	$0
Kathryn Ruth	Secretary	000.20	Officer Director	$0	$0	$0
Christine Almand	Treasurer	000.20	Officer Director	$0	$0	$0
Julie Richard	Director	000.20	Director	$0	$0	$0
Michelle Flewelling	Director	000.20	Director	$0	$0	$0
Michael Watson	Director	000.20	Director	$0	$0	$0
Gary Lamb	Director	000.20	Director	$0	$0	$0
Terry Berry	Director	000.20	Director	$0	$0	$0
William Post	Director	000.20	Director	$0	$0	$0
Jerry Quirion	Director	000.20	Director	$0	$0	$0
Aaron Chrostowsky	Director	000.20	Director	$0	$0	$0
Dana Wrigley	Director	000.20	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$899,355	$1,101,435	$4,070,124	$-202,080
2022	$1,583,667	$855,487	$4,421,362	$728,180
2021	$1,561,553	$1,070,901	$3,745,709	$490,652
2020	$847,669	$837,035	$3,358,029	$10,634
2020	$750,752	$752,726	$3,568,820	$-1,974
2019	$750,752	$752,726	$3,568,820	$-1,974
2018	$873,746	$788,357	$3,585,895	$85,389

Kennebec Valley Council of Governments