CARIBOU ECONOMIC GROWTH COUNCIL

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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

1999

Legal Domicile

Principal Officer

KAREN OUELLETTE

Phone

2074986156

Tax Period

2024-01-01 to 2024-12-31

CARIBOU ECONOMIC GROWTH COUNCIL, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $49K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 18% operating margin.

Mission

TO PROMOTE AND DEVELOP THE CITY OF CARIBOU

Program Service Accomplishments

Program 1

Expenses: $29,560 Revenue: $46,952

TO PROMOTE AND DEVELOP THE CITY OF CARIBOU, WORKING TO DEVELOP THE FINANCIAL, COMMERCIAL, AND GENERAL PROSPERITY AND WELFARE OF THE GREATER CARIBOU AREA

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,952

Investment Income $2,241

Other Revenue $0

TOTAL REVENUE $49,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,560

Other Expenses $40,263

TOTAL EXPENSES $40,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,193	$37,219	+0.3%
Expenses	$40,263	$27,878	+0.4%
Net Income	$8,930	$9,341	0.0%

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

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
JOEY BARD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CLARA COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA DEROSIERS	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA KIEFFER-TILL	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT LAFLEUR	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA LOVEWELL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN OUELLETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG STAPLES	TREASURER	1.00	Officer Director	$0	$0	$0
PENNY THOMPSON	DIRECTOR	1.00	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	$49,193	$40,263	$1,188,099	$8,930
2023	$37,219	$27,878	$1,183,894	$9,341
2022	$26,299	$34,263	$1,171,032	$-7,964
2021	$31,302	$25,306	$1,514,369	$5,996
2020	$-13,014	$44,333	$1,378,213	$-57,347
2019	$54,101	$53,970	$1,466,300	$131
2018	$126,296	$60,121	$1,495,140	$66,175