MAINES LAKES AND MOUNTAINS TOURISM COUNCIL (EIN 040484002) - 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

1993

Legal Domicile

Principal Officer

Kimberly Bustamante

Phone

2077839186

Tax Period

2023-10-01 to 2024-09-30

MAINES LAKES AND MOUNTAINS TOURISM COUNCIL, founded in 1993, is a small nonprofit that reported $223K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $204K left a modest 9% surplus.

Mission

Promote tourism development efforts and implement a regional tourism marketing program for Maine's Lakes and Mountains region. (Western Maine)

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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 $223,389

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $223,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,604

Other Expenses $203,604

TOTAL EXPENSES $203,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,389	$206,352	+0.1%
Expenses	$203,604	$231,156	-0.1%
Net Income	$19,785	$-24,804	-1.8%

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	Role	Reportable Comp	Other Comp	Total
John Williams	President	Officer Director	$0	$0	$0
obbi Vandembulcke	Vice President	Officer Director	$0	$0	$0
Ethan Vinson	Secretary	Officer Director	$0	$0	$0
JP Fortier	Board Member	Director	$0	$0	$0
Joel Gilbert	Board Member	Director	$0	$0	$0
Shanna Cox	Board Member	Director	$0	$0	$0
Doug Archer	Board Member	Director	$0	$0	$0
Alexandra Kaiser	Board Member	Director	$0	$0	$0
Cheryl Dickson	Board Member	Director	$0	$0	$0
Amber Rankine	Board Member	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	$223,389	$203,604	$43,102	$19,785
2023	$206,352	$231,156	$23,317	$-24,804

MAINES LAKES AND MOUNTAINS TOURISM COUNCIL