Islesboro, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Beacon Project, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 12% surplus.
To make it possible for our elders to remain here on Islesboro with dignity and comfort as part of our island community. The Beacon Project owns and operates Boardman Cottage, an eight-bedroom assisted living facility.
Housing and assisted living care for eight elderly Islesboro residents at Boardman Cottage. Staff also provides in home care for additional elderly island residents, including checking on people...
Housing and assisted living care for eight elderly Islesboro residents at Boardman Cottage. Staff also provides in home care for additional elderly island residents, including checking on people living alone to see if assistance might be required. Rides for medical appointments and shopping are also provided.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,240,762 | $955,656 | +0.3% |
| Expenses | $1,097,476 | $941,690 | +0.2% |
| Net Income | $143,286 | $13,966 | +9.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Maura Michael | Administrator | 40.00 |
Officer
|
$80,049 | $0 | $80,049 |
| Jennifer Adams | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mike Boardman | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Charlotte Cunningham | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| George Evans | Board member | 3.00 |
Director
|
$0 | $0 | $0 |
| Amanda Jones | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Dick Lemke | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Virginia Valentine | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Carol Pierson | Board Member | 10.00 |
Director
|
$0 | $0 | $0 |
| Audrey Browne | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Christopher Behan | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bob Foringer | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kristen Bird | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bonnie J Hughes | President & Treasurer | 15.00 |
Officer
Director
|
$0 | $0 | $0 |
| Lucy Homans | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sharon Daley | Vice President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,240,762 | $1,097,476 | $3,287,694 | $143,286 |
| 2024 | $955,656 | $941,690 | $3,103,815 | $13,966 |
| 2023 | $971,518 | $819,872 | $2,944,554 | $151,646 |
| 2022 | $800,761 | $837,512 | $2,720,120 | $-36,751 |
| 2021 | $879,536 | $701,583 | $3,141,221 | $177,953 |
| 2020 | $475,370 | $670,339 | $2,640,823 | $-194,969 |
| 2019 | $725,710 | $584,750 | $2,599,406 | $140,960 |
| 2018 | $1,273,349 | $581,009 | $2,447,285 | $692,340 |
Compare The Beacon Project with other nonprofits in Maine and across the country.