Portland Olympic Club Inc

EIN: 010498100 501(c)(3) Recreation & Sports

Portland, ME

Total Revenue
$197,804
Total Expenses
$219,495
Total Assets
$208,222
Net Assets
$208,222
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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
2002
Legal Domicile
ME
Principal Officer
G Robert Russo
Phone
2077610975
Tax Period
2025-01-01 to 2025-12-31

Portland Olympic Club Inc, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $198K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $219K exceeded revenue, resulting in a 11% operating deficit.

Mission

Training men and women as competitors in World Olympics.

Program Service Accomplishments

Program 1
Expenses: $186,670 Revenue: $99,609

Boxing income

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $95,142
Program Service Revenue $99,609
Investment Income $3,053
Other Revenue $0
TOTAL REVENUE $197,804

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $7,439
Program Expenses $186,670
Other Expenses $219,495
TOTAL EXPENSES $219,495

Year-over-Year Comparison

2025 2024 Change
Revenue $197,804 $210,461 -0.1%
Expenses $219,495 $213,372 +0.0%
Net Income $-21,691 $-2,911 +6.5%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
12

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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
G Robert Russo President 0.00
Officer
$0 $0 $0
Durward Ferland Treasurer 0.00
Officer
$0 $0 $0
Ivan Papkee Secretary 0.00
Officer
$0 $0 $0
Jennifer Riggle Clerk 0.00
Officer
$0 $0 $0
Lee Bals Director 0.00
Director
$0 $0 $0
Jeff Quirk Director 0.00
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
2025 $197,804 $219,495 $208,222 $-21,691
2024 $210,461 $213,372 $229,913 $-2,911
2023 $229,967 $178,632 $232,824 $51,335
2022 $205,394 $179,696 $187,004 $25,698
2021 $209,325 $148,290 $161,306 $61,035
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