The Beacon Project (EIN 061694292) - 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

2003

Legal Domicile

Principal Officer

Bonnie J Hughes

Tax Period

2023-10-01 to 2024-09-30

The Beacon Project, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $956K in total revenue in fiscal year 2023. Net assets of $2.9M represent 37 months of operating reserves.

Mission

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.

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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 $250,540

Program Service Revenue $470,568

Investment Income $227,179

Other Revenue $7,369

TOTAL REVENUE $955,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $673,162

Fundraising Expenses $19,231

Program Expenses $755,188

Other Expenses $268,528

TOTAL EXPENSES $941,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$955,656	$971,518	0.0%
Expenses	$941,690	$819,872	+0.1%
Net Income	$13,966	$151,646	-0.9%

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

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

$71,521

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maura Michael	Administrator	40.00	Officer	$71,521	$0	$71,521
Carol Pierson	Board Member	10.00	Director	$0	$0	$0
Taz Stafford	Board member	1.00	Director	$0	$0	$0
Virginia Valentine	Board member	1.00	Director	$0	$0	$0
Derreth Roberts	Board Member	1.00	Director	$0	$0	$0
Bob Foringer	Board Member	1.00	Director	$0	$0	$0
Audrey Browne	Board Member	1.00	Director	$0	$0	$0
Christopher Behan	Board Member	1.00	Director	$0	$0	$0
Charlotte Cunningham	Board member	1.00	Director	$0	$0	$0
George Evans	Board member	3.00	Director	$0	$0	$0
Jennifer Adams	Board member	1.00	Director	$0	$0	$0
Mike Boardman	Board member	2.00	Director	$0	$0	$0
Amanda Jones	Board member	1.00	Director	$0	$0	$0
Dick Lemke	Board member	2.00	Director	$0	$0	$0
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

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	$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

The Beacon Project