THE CARPENTERS BOAT SHOP

EIN: 222512976 501(c)(3)

PEMAQUID, ME

Total Revenue
$743,581
Total Expenses
$700,250
Total Assets
$2,265,654
Net Assets
$2,265,196
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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
1980
Legal Domicile
ME
Principal Officer
ALICIA WITHAM
Phone
2076772614
Tax Period
2024-01-01 to 2024-12-31

THE CARPENTERS BOAT SHOP, founded in 1980, is a small nonprofit that reported $744K in total revenue in fiscal year 2024. Revenue surged 272% from the prior year, signaling strong growth momentum. Expenses of $700K left a modest 6% surplus.

Mission

APPRENTICE PROGRAM

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $527,692
Program Service Revenue $116,145
Investment Income $99,744
Other Revenue $0
TOTAL REVENUE $743,581

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,010
Fundraising Expenses $96,043
Program Expenses $495,755
Other Expenses $426,240
TOTAL EXPENSES $700,250

Year-over-Year Comparison

2024 2023 Change
Revenue $743,581 $199,732 +2.7%
Expenses $700,250 $177,418 +2.9%
Net Income $43,331 $22,314 +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

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Governance

Voting Members
15
Independent Members
15
Employees
13
Volunteers
100

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
4
$58,830
Total Directors
14
$0
Key Employees
1
$58,830
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA WITHAM EXECUTIVE DIRE 40
Officer Key Emp Highest
$58,830 $0 $58,830
ABBY ROWE PRESIDENT 4
Officer Director
$0 $0 $0
KAREN FILLER VICE PRESIDENT 5
Officer Director
$0 $0 $0
PETER MCNAUGHT TREASURER 1
Officer Director
$0 $0 $0
LISA CONWAY-MC DIRECTOR 1
Director
$0 $0 $0
MATT FILLER DIRECTOR 2
Director
$0 $0 $0
TODD GARTH DIRECTOR 1
Director
$0 $0 $0
ED HAMILTON DIRECTOR 1
Director
$0 $0 $0
PHYLLIS IVES DIRECTOR 1
Director
$0 $0 $0
DAVID LEVESQUE DIRECTOR 1
Director
$0 $0 $0
RUSTY KENDALL DIRECTOR 1
Director
$0 $0 $0
RICK MILLER DIRECTOR 1
Director
$0 $0 $0
KEITH ROWAN JR DIRECTOR 1
Director
$0 $0 $0
BRAD TANNEBRIN DIRECTOR 4
Director
$0 $0 $0
JENNIFER THOMP DIRECTOR 2
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 $743,581 $700,250 $2,265,654 $43,331
2023 $609,987 $553,116 $2,203,101 $56,871
2023 $199,732 $177,418 $2,222,386 $22,314
2022 $551,620 $469,988 $2,143,874 $81,632
2021 $404,217 $367,623 $2,100,268 $36,594
2020 $343,315 $423,647 $2,117,712 $-80,332
2019 $404,574 $504,380 $2,137,746 $-99,806
2018 $453,529 $452,846 $2,245,070 $683
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