SUNRISE COUNTY ECONOMIC COUNCIL

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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

BRIAN FRUTCHEY

Phone

2072550983

Tax Period

2022-10-01 to 2023-09-30

SUNRISE COUNTY ECONOMIC COUNCIL, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $3.9M left a modest 8% surplus.

Mission

THE SCEC INITIATES AND FACILITATES THE CREATION OF JOBS AND PROSPERITY IN WASHINGTON COUNTY, MAINE BY WORKING WITH A CONSORTIUM OF COMMUNITY-MINDED BUSINESSES, NOT-FOR-PROFIT ORGANIZATIONS, MUNICIPALITIES AND CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $1,671,629

FAMILY FUTURES DOWNEAST & STARTUP DOWNEAST - PROMOTING POST-SECONDARY EDUCATION FOR PARENTS AND EARLY CHILDHOOD EDUCATION FOR THEIR CHILDREN AS A MEANS TO REDUCE POVERTY, CREATE EMPLOYMENT...

FAMILY FUTURES DOWNEAST & STARTUP DOWNEAST - PROMOTING POST-SECONDARY EDUCATION FOR PARENTS AND EARLY CHILDHOOD EDUCATION FOR THEIR CHILDREN AS A MEANS TO REDUCE POVERTY, CREATE EMPLOYMENT OPPORTUNITIES AND IMPROVE STABILITY IN WASHINGTON COUNTY, MAINE FAMILIES. EMPOWERING INDIVIDUALS THROUGH COLLEGE CAREERS TO EMPLOYMENT AND SMALL BUSINESS OWNERSHIP.

Program 2

Expenses: $176,763

DOWNEAST FISHERIES PARTNERSHIP GRANTS - ON A MISSION TO STRENGTHEN DOWNEAST MAINE COMMUNITIES BY RESTORING A STRONG AND RESILIENT ECOSYSTEM AND OUR REGIONAL FISHERIES ECONOMY.

Program 3

Expenses: $1,596,827

SCEC ADMINISTERS VARIOUS OTHER PROGRAMS AND INTIATIVES LIKE THE WHOLE FAMILY TO JOBS PROGRAM, COMMUNITY BROADBAND TECHNICAL ASSISTANCE AND THE PROCUREMENT TECHNICAL ASSISTANCE CENTER (PTAC) PROGRAM.

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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 $3,944,361

Program Service Revenue $185,429

Investment Income $60,029

Other Revenue $22,361

TOTAL REVENUE $4,212,180

Expense Breakdown

Grants Paid $524,156

Salaries & Benefits $2,226,300

Fundraising Expenses $0

Program Expenses $3,445,219

Other Expenses $1,125,968

TOTAL EXPENSES $3,876,424

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,212,180	$3,839,338	+0.1%
Expenses	$3,876,424	$3,184,331	+0.2%
Net Income	$335,756	$655,007	-0.5%

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

$246,020

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES J RUDELITCH	EXECUTIVE DI	40.00	Officer	$110,276	$27,560	$137,836
GABRIELA M MONTOYA EYERMAN	FINANCE DIRE	40.00	Officer	$81,482	$26,702	$108,184
C SCOTT BEAL	DIRECTOR	2.00	Director	$0	$0	$0
ARDIS BROWN	DIRECTOR	2.00	Director	$0	$0	$0
MONIQUE CLAVERIE	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH FITZGERALD	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN FRUTCHEY	CHAIR	2.00	Director	$0	$0	$0
CARLA GANIEL	DIRECTOR	2.00	Director	$0	$0	$0
RENEE GRAY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES MCALPIN	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN MINGO	DIRECTOR	2.00	Director	$0	$0	$0
LUCAS MORRIS	TREASURER	2.00	Officer Director	$0	$0	$0
APRIL NORTON	DIRECTOR	2.00	Director	$0	$0	$0
DEE SABATTUS	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN SORBY	CHAIR	2.00	Officer Director	$0	$0	$0
TIFFANY STROUT	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN WALSH	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$4,212,180	$3,876,424	$4,797,722	$335,756
2022	$3,839,338	$3,184,331	$4,198,212	$655,007
2021	$3,332,067	$2,627,221	$3,070,902	$704,846
2020	$2,726,806	$2,222,020	$2,186,233	$504,786
2019	$2,132,490	$2,329,445	$1,759,998	$-196,955
2018	$1,876,267	$1,799,966	$1,719,377	$76,301