Piscataquis County Economic Development Council (EIN 010521521) - 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

1997

Legal Domicile

Principal Officer

James Macomber

Tax Period

2023-01-01 to 2023-12-31

Piscataquis County Economic Development Council, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $453K in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum.

Mission

Promoting economic development and generating jobs in Piscataquis County, Maine

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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 $320,085

Program Service Revenue $129,760

Investment Income $85

Other Revenue $3,096

TOTAL REVENUE $453,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,462

Fundraising Expenses $0

Program Expenses $353,270

Other Expenses $320,102

TOTAL EXPENSES $447,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$453,026	$222,036	+1.0%
Expenses	$447,564	$238,406	+0.9%
Net Income	$5,462	$-16,370	-1.3%

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

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

$62,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Arno	Executive Director	040.00	Officer	$62,248	$0	$62,248
Denise Buzzelli	President	001.00	Officer Director	$0	$0	$0
James Macomber	Treasurer	001.00	Officer Director	$0	$0	$0
Jack Clukey	Secretary	001.00	Officer Director	$0	$0	$0
Thelma Regan	Director	001.00	Director	$0	$0	$0
John Simko	Director	001.00	Director	$0	$0	$0
Scott Moulton	Director	001.00	Director	$0	$0	$0
Bob Canney	Director	001.00	Director	$0	$0	$0
Paul Stearns	Director	001.00	Director	$0	$0	$0
Wayne Erkinnen	Ex Officio	001.00	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	No data	No data	No data	No data
2023	$453,026	$447,564	$716,616	$5,462
2022	$222,036	$238,406	$712,478	$-16,370
2021	$245,939	$192,886	$741,779	$53,053
2020	$253,834	$236,991	$690,853	$16,843
2019	$376,581	$370,863	$657,572	$5,718
2018	$450,619	$394,250	$652,382	$56,369

Piscataquis County Economic Development Council