ISLAND CONNECTIONS (EIN 043386167) - 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

STEPHANIE CLEMENT

Phone

2072884457

Tax Period

2023-01-01 to 2023-12-31

ISLAND CONNECTIONS, founded in 1997, is a small nonprofit in the Human Services sector that reported $198K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $665K represent 40 months of operating reserves.

Mission

ISLAND CONNECTIONS PROVIDES FREE TRANSPORTATION AND OTHER SERVICES TO SENIORS AND PEOPLE WITH DISABILITIES FROM MOUNT DESERT ISLAND AND THE SURROUNDING ISLANDS TO ENHANCE THEIR INDEPENDENCE AND QUALITY OF LIFE BY UTILIZING OUR CORE GROUP OF DEDICATED VOLUNTEERS.

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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 $164,431

Program Service Revenue $0

Investment Income $23,485

Other Revenue $10,014

TOTAL REVENUE $197,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,324

Fundraising Expenses $31,503

Program Expenses $142,756

Other Expenses $70,440

TOTAL EXPENSES $205,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,930	$228,255	-0.1%
Expenses	$205,764	$247,961	-0.2%
Net Income	$-7,834	$-19,706	-0.6%

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

Volunteers

108

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

$56,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON LINSCOTT	EXECUTIVE DI	40.00	Officer	$37,006	$0	$37,006
CARISSA TINKER	EXECUTIVE DI	40.00	Officer	$19,264	$0	$19,264
STEPHANIE CLEMENT	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID COHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
BECKY HEDEN	TREASURER	2.00	Officer Director	$0	$0	$0
KEVIN KNOPP	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDITH SWISS LYLES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MELINDA RICE-SCHOON	BOARD MEMBER	2.00	Director	$0	$0	$0
RHONDA SAWYER	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBBY SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTINE WITHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
JILL SMITH YORK	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$197,930	$205,764	$664,822	$-7,834
2022	$228,255	$247,961	$630,578	$-19,706
2021	$246,546	$204,638	$722,040	$41,908
2020	$240,381	$179,164	$626,405	$61,217
2019	$209,633	$176,235	$545,551	$33,398
2018	$178,497	$143,546	$484,166	$34,951

ISLAND CONNECTIONS