Rotary Club of Belfast Maine Chari… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

Edward Varney

Phone

2079303913

Tax Period

2024-07-01 to 2025-06-30

Rotary Club of Belfast Maine Charitable Fund, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $229K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 58% operating margin.

Mission

To provide humanitarian services.

Program Service Accomplishments

Program 1

Expenses: $57,382

Awarding of college scholarships to Waldo County high senior students: $100,000; This program involves reviewing the nominated students from all three (3) Waldo County high schools (Belfast...

Awarding of college scholarships to Waldo County high senior students: $100,000; This program involves reviewing the nominated students from all three (3) Waldo County high schools (Belfast, Searsport, and Mt View) and the Waldo County Technical Center. The process includes, a written essay and in person interview. This year fifteen students were selected, with a total of $100,000 committed in scholarships. This program is financially supported by the generosity of benefactors who have enabled the club to establish and grow a significant endowment fund and cash donations from club membership.

Program 2

Expenses: $27,121

100 Fund: $27,121. This program focuses on providing gifts cards ($150 each) and boot vouchers ($40 each towards boot purchases at local shoe store, Colburn Shoe) to financially needy children...

100 Fund: $27,121. This program focuses on providing gifts cards ($150 each) and boot vouchers ($40 each towards boot purchases at local shoe store, Colburn Shoe) to financially needy children throughout Waldo County. This program is financially supported by Key bank Trust, cash donations from club membership, and various friends of Belfast Rotary Club.

Program 3

Expenses: $9,000

Food pantry/cupboard donations: This year we awarded $9,000 to six (6) various food cupboards throughout Waldo County. The program is financially supported by the clubs two (2) pancake breakfasts...

Food pantry/cupboard donations: This year we awarded $9,000 to six (6) various food cupboards throughout Waldo County. The program is financially supported by the clubs two (2) pancake breakfasts (fall & spring), cash donations from club membership, and other club fundraisers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $41,735

Program Service Revenue $0

Investment Income $137,648

Other Revenue $49,757

TOTAL REVENUE $229,140

Expense Breakdown

Grants Paid $87,121

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,503

Other Expenses $8,356

TOTAL EXPENSES $95,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,140	$173,637	+0.3%
Expenses	$95,477	$106,905	-0.1%
Net Income	$133,663	$66,732	+1.0%

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
Elizabeth Sterner	Director	1.25	Director	$0	$0	$0
Jill Goodwin	Secretary	3.00	Officer Director	$0	$0	$0
Beverly O'Malia	Director	1.00	Director	$0	$0	$0
Michelle Morrow	Director	1.00	Director	$0	$0	$0
Jason Trundy	Chairman	3.00	Officer Director	$0	$0	$0
Donna Kelley	Director	1.50	Director	$0	$0	$0
Susan Beemer	Director	1.25	Director	$0	$0	$0
Russell Werkman	Director	3.00	Director	$0	$0	$0
Robert Cormier	Director	2.00	Director	$0	$0	$0
Edward Varney	Treasurer	3.00	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
2025	$229,140	$95,477	$2,602,100	$133,663
2025	No data	No data	No data	No data
2024	$173,637	$106,905	$2,407,526	$66,732
2023	$178,410	$129,448	$2,265,594	$48,962
2022	$261,984	$125,472	$2,100,243	$136,512
2021	$118,432	$114,445	$2,350,176	$3,987
2020	$302,268	$149,674	$2,058,116	$152,594
2019	$207,725	$110,360	$1,945,889	$97,365

Rotary Club of Belfast Maine Charitable Fund