PINE CREST DEVELOPMENT CORPORATION

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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

Principal Officer

JACK CLUKEY

Phone

2075647494

Tax Period

2022-01-01 to 2022-12-31

PINE CREST DEVELOPMENT CORPORATION is a micro nonprofit that reported $12K in total revenue in fiscal year 2022. Revenue surged 209% from the prior year, signaling strong growth momentum. Expenses of $49K exceeded revenue, resulting in a 296% operating deficit.

Mission

TO PROMOTE THE SOCIAL WELFARE OF THE TOWN OF DOVER FOXCROFT, MAINE BY ENCOURAGING ECONOMIC, BUSINESS AND INDUSTRIAL DEVELOPMENT IN THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $4,660 Revenue: $4,000

TO PROMOTE THE SOCIAL WELFARE OF THE TOWN OF DOVER FOXCROFT MAINE BY ENCOURAGING ECONOMIC, BUSINESS & INDUSTRIAL DEVELOPMENT IN THE COMMUNITY

Program 2

TO PROMOTE SOCIAL WELFARE TO THE TOWN OF DOVER FOXCROFT MAINE, BY ENCOURAGING ECONOMIC BUSINESS DEVELOPMENT.

Program 3

PROMOTING THE SOCIAL WELFARE OF THE TOWN OF DOVER FOXCROFT ME BY ENCOURAGING ECONOMIC BUSINESS DEVELOPMENT IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,000

Investment Income $8,353

Other Revenue $0

TOTAL REVENUE $12,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,866

Other Expenses $48,866

TOTAL EXPENSES $48,866

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,353	$4,002	+2.1%
Expenses	$48,866	$49,163	0.0%
Net Income	$-36,513	$-45,161	-0.2%

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
JACK CLUKEY	VP	N/A	Officer	$0	$0	$0
STEPHEN GRAMMONT	PRESIDENT	N/A	Officer	$0	$0	$0
DENNIS LYFORD	SECRETARY	N/A	Officer	$0	$0	$0
DAVID MICHAUD	TREASURER	N/A	Officer	$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
2022	$12,353	$48,866	$1,687,258	$-36,513
2021	$4,002	$49,163	$1,745,771	$-45,161
2020	$4,003	$48,539	$1,790,932	$-44,536
2019	$4,003	$49,860	$1,835,468	$-45,857
2018	$4,003	$49,605	$1,881,324	$-45,602