Community Concepts Finance Corporation (EIN 010540981) - 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

2000

Legal Domicile

Principal Officer

James Martin

Phone

2077396545

Tax Period

2023-10-01 to 2024-09-30

Community Concepts Finance Corporation is a 501(c)(3) with EIN 010540981, based in Lewiston, ME. Founded in 2000, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $2,349,550 in total revenue and $2,407,655 in total expenses, with net assets of $4,078,307.

Mission

To encourage, stimulate and promote housing development and home ownership within Maine.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,042,855

Program Service Revenue $1,304,881

Investment Income $1,814

Other Revenue $0

TOTAL REVENUE $2,349,550

Expense Breakdown

Grants Paid $53,457

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,237,974

Other Expenses $2,354,198

TOTAL EXPENSES $2,407,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,349,550	$2,055,844	+0.1%
Expenses	$2,407,655	$2,001,214	+0.2%
Net Income	$-58,105	$54,630	-2.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$512,225

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Travis Frautten	Chair	2.00	Officer Director	$0	$0	$0
Dennis Lajoie	Vice Chair	2.00	Officer Director	$0	$0	$0
Lincoln Jeffers	Secretary	2.00	Officer Director	$0	$0	$0
Jennifer Corbet	Director	2.00	Director	$0	$0	$0
Steven Davis	Director	2.00	Director	$0	$0	$0
Peter Garcia	Director	2.00	Director	$0	$0	$0
Fowsia Musse	Director	2.00	Director	$0	$0	$0
James Martin	CEO - CCI	10.00	Officer	$0	$27,238	$220,753
Laura Gormley	CFO - CCI	10.00	Officer	$0	$28,897	$168,130
Nathan Libby	Past President	40.00	Officer	$0	$14,329	$123,342
Natalie Beale	President	40.00	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
2024	$2,349,550	$2,407,655	$12,924,570	$-58,105
2023	$2,055,844	$2,001,214	$12,510,089	$54,630
2022	$1,681,821	$1,909,355	$12,664,182	$-227,534
2021	$1,637,763	$1,701,448	$13,201,299	$-63,685
2021	$1,637,763	$1,701,448	$13,201,299	$-63,685
2020	$1,478,348	$1,387,103	$14,842,566	$91,245
2019	$1,695,287	$1,525,258	$14,264,999	$170,029
2018	$1,637,066	$1,473,617	$13,781,518	$163,449

Community Concepts Finance Corporation