PENQUIS CAP INC (EIN 016023748) - 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

1967

Legal Domicile

Principal Officer

KARA HAY

Phone

2079733500

Tax Period

2023-10-01 to 2024-09-30

PENQUIS CAP INC, founded in 1967, is a mid-sized nonprofit in the Human Services sector that reported $66.5M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO ADMINISTER HEALTH, HOUSING, AND SOCIAL SERVICE PROGRAMS THAT WILL IMPROVE THE LIVES OF THE CITIZENS OF PENOBSCOT, PISCATAQUIS, KNOX, AND OTHER MAINE COUNTIES BY PROVIDING DIRECT SERVICES, CREATING OPPORTUNITIES FOR INDIVIDUALS LIVING IN POVERTY TO WORK TOWARD BECOMING SELF-SUFFICIENT, AND ACTIVELY IDENTIFYING AND MOBILIZING PUBLIC AND PRIVATE RESOURCES TO SUSTAIN THESE EFFORTS.

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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 $26,632,853

Program Service Revenue $38,782,038

Investment Income $1,051,435

Other Revenue $30,422

TOTAL REVENUE $66,496,748

Expense Breakdown

Grants Paid $14,389,593

Salaries & Benefits $31,388,915

Fundraising Expenses $573,336

Program Expenses $62,133,978

Other Expenses $19,764,241

TOTAL EXPENSES $65,733,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,496,748	$73,415,413	-0.1%
Expenses	$65,733,828	$71,969,421	-0.1%
Net Income	$762,920	$1,445,992	-0.5%

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

621

Volunteers

523

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

$661,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK LEONARD	CHAIR	1.00	Officer Director	$0	$0	$0
LAURA SANBORN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CONNIE PUTNAM	SECRETARY	1.00	Officer Director	$0	$0	$0
HEATHER BLACKWELL	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA FILECCIA	DIRECTOR	1.00	Director	$0	$0	$0
BRENT FOLSTER	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GREEN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
AMY SUE MCGILL	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MELLITS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK POLKY	DIRECTOR	1.00	Director	$0	$0	$0
MARY PRYBYLO	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KARA HAY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$249,207	$34,929	$284,136
DENICE CONARY	CHIEF FINANCIAL OFFICER	40.00	Officer	$183,784	$25,776	$209,560
HEIDI LEBLANC	CHIEF OPERATING OFFICER	40.00	Officer	$165,150	$2,636	$167,786
JENNIFER GIOSIA	DIRECTOR - HES	40.00	Highest	$162,860	$21,231	$184,091
JANEEN FEERO	DEVELOPMENT DIRECTOR	40.00	Highest	$161,205	$45,824	$207,029
STEVEN RICHARD	DIRECTOR - TRANSPORTATION	40.00	Highest	$144,853	$27,367	$172,220
DANIELLE GOODALE	DIRECTOR - HR	40.00	Highest	$134,851	$8,467	$143,318
JASON BIRD	DIRECTOR - HD	22.00	Highest	$128,015	$29,377	$157,392

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	$66,496,748	$65,733,828	$52,196,673	$762,920
2023	$73,415,413	$71,969,421	$49,969,668	$1,445,992
2022	$95,667,041	$93,465,672	$47,696,399	$2,201,369
2021	$78,266,068	$68,721,914	$52,699,182	$9,544,154
2020	$60,528,357	$55,346,473	$38,967,615	$5,181,884
2019	$54,846,479	$54,242,474	$32,051,596	$604,005
2018	$40,205,726	$39,539,485	$21,609,056	$666,241

PENQUIS CAP INC