ORONO ECONOMIC DEVELOPMENT CORP (EIN 010535770) - 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

2000

Legal Domicile

Principal Officer

ROBERT BASS

Phone

2079447554

Tax Period

2023-07-01 to 2024-06-30

ORONO ECONOMIC DEVELOPMENT CORP, founded in 2000, is a micro nonprofit in the Community Improvement sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42K, a strong 53% operating margin.

Mission

ENHANCE ECONOMIC DEVELOPMENT IN THE GREATER ORONO, ME AREA BY ATTRACTING NEW BUSINESSES AND CREATING NEW JOBS.

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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 $74,162

Program Service Revenue $0

Investment Income $4,561

Other Revenue $191

TOTAL REVENUE $78,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,180

Other Expenses $37,180

TOTAL EXPENSES $37,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,914	$250,713	-0.7%
Expenses	$37,180	$16,919	+1.2%
Net Income	$41,734	$233,794	-0.8%

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
ROBERT BASS	TREASURER	1.00	Officer Director	$0	$0	$0
MARK ERHARDT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GEOFFREY GORDON	DIRECTOR	1.00	Director	$0	$0	$0
LORIE OSHER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PICKERING	DIRECTOR	1.00	Director	$0	$0	$0
STEVENSON SHEPPARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID THOMPSON	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHAINE WELCOMER	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
2025	No data	No data	No data	No data
2024	$78,914	$37,180	$698,861	$41,734
2023	$250,713	$16,919	$641,532	$233,794

ORONO ECONOMIC DEVELOPMENT CORP