Marsh Island Corporation C/O Housing Authority of Old Town (EIN 043379136) - 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

1997

Legal Domicile

Principal Officer

Laurie Miller

Phone

2078276151

Tax Period

2024-04-01 to 2025-03-31

Marsh Island Corporation C/O Housing Authority of Old Town, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $68K in total revenue in fiscal year 2024. The organization ran a surplus of $67K, a strong 98% operating margin.

Mission

To develop, own and manage subsidized residential housing for qualified low income, elderly or disabled individuals.

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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 $50,000

Program Service Revenue $0

Investment Income $17,997

Other Revenue $0

TOTAL REVENUE $67,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,328

Other Expenses $1,328

TOTAL EXPENSES $1,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,997	$64,791	+0.0%
Expenses	$1,328	$1,958	-0.3%
Net Income	$66,669	$62,833	+0.1%

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

$161,925

Total Directors

$161,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jane Sturgeon	Chairman	0.25	Officer Director	$0	$0	$0
Betty Smart	Vice Chairman	0.25	Officer Director	$0	$0	$0
Laurie Miller	Secretary/Treasurer	0.25	Officer Director	$0	$35,552	$161,925
Susan Randall	Board Member	0.25	Director	$0	$0	$0
Dennis Whitmore	Board Member	0.25	Director	$0	$0	$0
David Thibodeau	Board Member	0.25	Director	$0	$0	$0
Pamela Sirois	Board Member	0.25	Director	$0	$0	$0
Lisa Tissari	Board Member	0.25	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	$67,997	$1,328	$1,079,222	$66,669
2024	$64,791	$1,958	$1,012,553	$62,833
2023	$3,804	$1,596	$949,720	$2,208
2022	$2,875	$2,870	$947,512	$5
2021	$53,816	$33,550	$948,507	$20,266
2020	$7,518	$12,959	$927,240	$-5,441
2019	$4,210	$7,016	$932,681	$-2,806

Marsh Island Corporation C/O Housing Authority of Old Town