Greater Franklin Development Council

EIN: 010524770 501(c)(3) Community Improvement

Farmington, ME

Total Revenue
$886,095
Total Expenses
$879,389
Total Assets
$3,630,850
Net Assets
$3,632,408
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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
Charles Woodworth
Tax Period
2025-01-01 to 2025-12-31

Greater Franklin Development Council, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $886K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Net assets of $3.6M represent 49 months of operating reserves.

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 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 $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

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Governance

Voting Members
9
Independent Members
9
Employees
2
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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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