FRIENDS OF THE KENNEBEC RIVER RAIL TRAIL INC (EIN 010508136) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

MARK YOUNG

Phone

2074850821

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE KENNEBEC RIVER RAIL TRAIL INC is a 501(c)(3) with EIN 010508136, based in AUGUSTA, ME. Founded in 2005, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $12,802 in total revenue and $9,642 in total expenses, with net assets of $119,377.

Mission

TO RAISE FUNDS AND RECRUIT VOLUNEERS FOR TRAIL MAINTENANCE OF THE 6.5 MILE RAIL TRAIL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,304

Program Service Revenue $1,234

Investment Income $264

Other Revenue $0

TOTAL REVENUE $12,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,437

Other Expenses $9,642

TOTAL EXPENSES $9,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,802	$12,806	0.0%
Expenses	$9,642	$7,322	+0.3%
Net Income	$3,160	$5,484	-0.4%

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

N/A

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
DAFYDD HOLBROOK	DIRECTOR	002.00	Director	$0	$0	$0
DAN ALBERT	PRESIDENT	002.00	Officer Director	$0	$0	$0
WILLIAM ALLEN	SECRETARY	002.00	Officer Director	$0	$0	$0
DUANE SCOTT	DIRECTOR	002.00	Director	$0	$0	$0
MARK YOUNG	TREASURER	010.00	Officer Director	$0	$0	$0
WALTER F MCKEE ESQ	REGISTERED AGENT	002.00	Director	$0	$0	$0
RYAN GORDON	VICE-PRESIDENT	002.00	Officer Director	$0	$0	$0
S NASH CALLAHAN	DIRECTOR	002.00	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	$12,802	$9,642	$119,377	$3,160
2023	$12,806	$7,322	$113,906	$5,484
2022	$14,260	$7,068	$105,909	$7,192
2021	$5,241	$6,148	$101,327	$-907
2020	$15,043	$5,911	$101,630	$9,132
2019	$17,690	$10,438	$90,329	$7,252
2018	$19,005	$28,988	$81,564	$-9,983

FRIENDS OF THE KENNEBEC RIVER RAIL TRAIL INC