COMMUNITY HOUSING OF MAINE INC (EIN 010490195) - 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

1993

Legal Domicile

Principal Officer

CHRIS HARMON

Phone

2078790347

Tax Period

2023-07-01 to 2024-06-30

COMMUNITY HOUSING OF MAINE INC, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.6M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 65% operating margin.

Mission

THE ORGANIZATION DEVELOPS AND PROVIDES HOUSING FOR LOW INCOME AND DISADVANTAGED INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,002,236

Program Service Revenue $12,303,685

Investment Income $268,696

Other Revenue $0

TOTAL REVENUE $14,574,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,187,828

Fundraising Expenses $0

Program Expenses $3,585,848

Other Expenses $3,937,665

TOTAL EXPENSES $5,125,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,574,617	$6,801,341	+1.1%
Expenses	$5,125,493	$4,889,067	+0.0%
Net Income	$9,449,124	$1,912,274	+3.9%

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

$285,212

Total Directors

$390,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON SHAPIRO	BOARD MEMBER	0.50	Director	$0	$0	$0
CHIP NEWELL	BOARD MEMBER	0.50	Director	$0	$0	$0
GUNNAR HUBBARD	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID BIRKHAHN	BOARD MEMBER	0.50	Director	$0	$0	$0
ELIZABETH BOEPPLE	BOARD MEMBER	0.50	Director	$0	$0	$0
CHERYL HARKINS	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER ROTTMANN	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN RYAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER PUTNAM	PRESIDENT	0.50	Officer Director	$0	$0	$0
BILL SHANAHAN	TREASURER	0.50	Officer Director	$0	$0	$0
KIM TWITCHELL	BOARD MEMBER	0.50	Director	$0	$0	$0
CULLEN RYAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$144,536	$0	$144,536
KYRA WALKER	CHIEF OPERATING OFFICER	40.00	Officer Director	$140,676	$0	$140,676
CHRISTOPHER HARMON	FINANCE DIRECTOR	40.00	Director	$105,372	$0	$105,372
LUC NYA	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGELA PERKINS	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS PTACEK	BOARD MEMBER	0.50	Director	$0	$0	$0
NINETTE IRABARUTA	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN KILGALLEN	EMPLOYEE	40.00	Highest	$108,838	$0	$108,838

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	$14,574,617	$5,125,493	$51,268,162	$9,449,124
2023	$6,801,341	$4,889,067	$40,859,839	$1,912,274
2022	$5,850,928	$4,362,085	$37,179,141	$1,488,843
2021	$3,832,747	$3,303,571	$35,247,004	$529,176
2020	$3,169,867	$3,412,793	$34,277,846	$-242,926
2019	$6,728,386	$3,576,619	$33,829,752	$3,151,767
2018	$9,452,341	$4,612,259	$30,343,933	$4,840,082

COMMUNITY HOUSING OF MAINE INC