HOSPICE REGATTA OF MAINE

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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

1983

Legal Domicile

Principal Officer

JIM BRADLEY

Phone

2076672531

Tax Period

2023-01-01 to 2023-12-31

HOSPICE REGATTA OF MAINE, founded in 1983, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

PROVIDE FUNDING FOR LOCAL HOSPICE

Program Service Accomplishments

Program 1

Expenses: $49,297

PROVIDING FUNDING FOR LOCAL HOSPICE VOLUNTEER ORGANIZATIONS IN MAINE. DONATIONS AND REVENUE FROM THE REGATTA ARE DISBURSED IN THEIR ENTIRETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $47,237

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $47,246

Expense Breakdown

Grants Paid $36,423

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,297

Other Expenses $13,324

TOTAL EXPENSES $49,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,246	$57,163	-0.2%
Expenses	$49,747	$88,223	-0.4%
Net Income	$-2,501	$-31,060	-0.9%

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
PATTY BERGSTROM	SECRETARY	N/A	Officer Director	$0	$0	$0
JIM BRADLEY	PRESIDENT	N/A	Director	$0	$0	$0
BARBARA CLARK	DIRECTOR	N/A	Director	$0	$0	$0
DOUG JONES	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MACONE	DIRECTOR	N/A	Director	$0	$0	$0
HELEN MEYER	DIRECTOR	N/A	Director	$0	$0	$0
LISA PARSONS	TREASURER	N/A	Officer Director	$0	$0	$0
BARBARA SMALLS	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES TARR	DIRECTOR	N/A	Director	$0	$0	$0
MIKE WOODARD	DIRECTOR	N/A	Officer Director	$0	$0	$0
BEN WOOTTEN	DIRECTOR	N/A	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
2023	$47,246	$49,747	No data	$-2,501
2022	$57,163	$88,223	$2,501	$-31,060
2021	$45,204	$13,644	$33,561	$31,560
2020	$33,591	$53,685	$2,001	$-20,094
2019	$36,091	$22,582	$22,095	$13,509
2018	$44,841	$54,445	$8,586	$-9,604