PROFESSIONAL LOGGING CONTRACTORS OF NORTHEAST (EIN 010505151) - 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

1995

Legal Domicile

Principal Officer

WILLIAM COLE

Phone

2076888195

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL LOGGING CONTRACTORS OF NORTHEAST, founded in 1995, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 11% surplus.

Mission

PROMOTE PROFESSIONAL CONDUCT AMONG LOGGERS IN THE STATE OF MAINE; PROVIDE A FORUM FOR THE RESOLUTION OF ISSUES OF CONCERN TO LOGGING CONTRACTORS THROUGH COMMUNICATIONS, EDUCATION AND LEGISLATION; AND PROMOTE COMPLIANCE WITH FORESTER AND HARVESTING PRACTICES WHICH MAINTAIN SUSTAINABLE FORESTRY LEVELS.

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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 $140,503

Program Service Revenue $954,349

Investment Income $49,741

Other Revenue $24,474

TOTAL REVENUE $1,169,067

Expense Breakdown

Grants Paid $140,976

Salaries & Benefits $438,722

Fundraising Expenses $0

Other Expenses $460,679

TOTAL EXPENSES $1,040,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,169,067	$1,013,925	+0.2%
Expenses	$1,040,377	$702,347	+0.5%
Net Income	$128,690	$311,578	-0.6%

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

$161,446

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY IRISH	TREASURER	1.00	Officer Director	$0	$0	$0
BRENT DAY	DIRECTOR	1.00	Director	$0	$0	$0
CEDRIC PEPIN	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK AMES	PRESIDENT	1.00	Officer Director	$0	$0	$0
DUANE JORDAN	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GABE RUSSO	DIRECTOR	1.00	Director	$0	$0	$0
GARY VOISINE	DIRECTOR	1.00	Director	$0	$0	$0
JACK BELL	DIRECTOR	1.00	Director	$0	$0	$0
JIM NICOLS	DIRECTOR	1.00	Director	$0	$0	$0
KURT BABINEAU	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARC GREANEY	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTY PELLETIER	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY LONDON	DIRECTOR	1.00	Director	$0	$0	$0
RANDY KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LINKLETTER	DIRECTOR	1.00	Director	$0	$0	$0
RON RIDLEY	DIRECTOR	1.00	Director	$0	$0	$0
SAM LINCOLN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HANINGTON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DOUGLASS	DIRECTOR	1.00	Director	$0	$0	$0
TONY MADDEN	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE TRIPP	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM COLE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DANA DORAN	EXECUTIVE DIRECTOR	40.00	Officer	$157,619	$3,827	$161,446

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	$1,169,067	$1,040,377	No data	$128,690
2023	$1,013,925	$702,347	$1,398,006	$311,578
2022	$1,121,128	$607,438	$1,086,469	$513,690
2021	$603,775	$438,579	$749,230	$165,196
2020	$573,813	$450,529	$695,752	$123,284
2019	$590,371	$553,066	$583,125	$37,305
2018	$477,791	$422,319	$245,942	$55,472

PROFESSIONAL LOGGING CONTRACTORS OF NORTHEAST