PHILLIPS-STRICKLAND CHARITIES

EIN: 010523156 501(c)(3) Philanthropy & Grantmaking

BANGOR, ME

Total Revenue
$532,746
Total Expenses
$812,221
Total Assets
$4,427,608
Net Assets
$4,427,608
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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
1998
Legal Domicile
ME
Principal Officer
SHELDON BRETT
Phone
2079412820
Tax Period
2025-01-01 to 2025-12-31

PHILLIPS-STRICKLAND CHARITIES, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $533K in total revenue in fiscal year 2025. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $812K exceeded revenue, resulting in a 52% operating deficit.

Mission

ORGANIZED TO BENEFIT AND FURTHER THE EXEMPT PURPOSES OF PHILLIPS-STRICKLAND HOUSE CORPORATION, A MAINE NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $20,934
Program Service Revenue $0
Investment Income $511,812
Other Revenue $0
TOTAL REVENUE $532,746

Expense Breakdown

Grants Paid $795,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $795,000
Other Expenses $17,221
TOTAL EXPENSES $812,221

Year-over-Year Comparison

2025 2024 Change
Revenue $532,746 $342,078 +0.6%
Expenses $812,221 $477,014 +0.7%
Net Income $-279,475 $-134,936 +1.1%
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

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Governance

Voting Members
9
Independent Members
9
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
5
$113,721
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH ROZEBOOM PRESIDENT 0.50
Officer Director
$0 $0 $0
WAYNE WOODFORD TREASURER 0.50
Officer Director
$0 $0 $0
ALBERT GIBSON MEMBER AT LARGE 0.50
Director
$0 $0 $0
BARBARA GIBSON MEMBER AT LARGE 0.50
Director
$0 $0 $0
HEIDI GODSOE BOARD MEMBER 0.50
Director
$0 $0 $0
REV JAMES HADDIX VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JAMES ROGERS BOARD MEMBER 0.50
Director
$0 $0 $0
MARY WARNER MD SECRETARY 0.50
Officer Director
$0 $0 $0
BRIAN STROUT BOARD MEMBER 0.50
Director
$0 $0 $0
SHELDON BRETT EXECUTIVE DIRECTOR 0.50
Officer
$0 $0 $113,721
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
2025 $532,746 $812,221 $4,427,608 $-279,475
2024 No data No data No data No data
2023 $246,223 $502,715 $4,575,737 $-256,492
2022 $486,308 $288,195 $4,503,825 $198,113
2021 $599,856 $227,821 $5,352,071 $372,035
2020 $314,196 $347,519 $4,748,616 $-33,323
2019 $468,337 $382,790 $4,570,043 $85,547
2018 $342,890 $378,010 $3,996,624 $-35,120
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