Greater Franklin Development Council (EIN 010524770) - 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

1998

Legal Domicile

Principal Officer

Charles Woodworth

Tax Period

2025-01-01 to 2025-12-31

Greater Franklin Development Council is a 501(c)(3) with EIN 010524770, based in Farmington, ME. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2025. In that period, it reported $886,095 in total revenue and $879,389 in total expenses, with net assets of $3,632,408.

Mission

GFDCs mission is to attract and assist businesses and entrepreneurs by advocating, promoting, and collaborating to support a sustainable and thriving community.

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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 (2025)

Revenue Breakdown

Contributions & Grants $206,742

Program Service Revenue $149,986

Investment Income $1,353

Other Revenue $528,014

TOTAL REVENUE $886,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,040

Fundraising Expenses $0

Program Expenses $879,389

Other Expenses $673,349

TOTAL EXPENSES $879,389

Year-over-Year Comparison

	2025	2024	Change
Revenue	$886,095	$1,025,111	-0.1%
Expenses	$879,389	$807,773	+0.1%
Net Income	$6,706	$217,338	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laurie Gardner	Chair	005.00	Officer Director	$0	$0	$0
Tiffany Maiuri	Vice Chair	005.00	Officer Director	$0	$0	$0
Robyn Raymond	Secretary	005.00	Officer Director	$0	$0	$0
Derek Hayes	Treasurer	005.00	Officer Director	$0	$0	$0
Rick Dunton	Director	005.00	Director	$0	$0	$0
Tom Hildreth	Director	005.00	Director	$0	$0	$0
Barbara Sergio	Director	005.00	Director	$0	$0	$0
Joel Gilbert	Director	005.00	Director	$0	$0	$0
Charlie Woodworth	Executive Director	040.00	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
2025	$886,095	$879,389	$3,630,850	$6,706
2024	No data	No data	No data	No data
2022	$914,212	$197,522	$1,354,830	$716,690
2021	$725,070	$215,617	$648,157	$509,453
2020	$216,865	$210,870	$218,322	$5,995
2019	$170,010	$254,529	$521,487	$-84,519
2018	$225,232	$191,997	$604,448	$33,235

Greater Franklin Development Council