OLD FORT WESTERN FUND (EIN 222546922) - 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

1985

Legal Domicile

Principal Officer

LINDA NOVAK

Phone

2076262385

Tax Period

2024-07-01 to 2025-06-30

OLD FORT WESTERN FUND, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $125K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $120K left a modest 4% surplus.

Mission

TO PRESERVE, PROTECT AND INTERPRET THE 1754 NATIONAL HISTORIC LANDMARK FORT, STORE, HOUSE AND TENEMENT ON THE KENNEBEC RIVER IN MAINE'S CAPITOL CITY, AND TO EDUCATE THE PUBLIC TO ITS HISTORY.

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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 $18,027

Program Service Revenue $71,920

Investment Income $19,351

Other Revenue $15,997

TOTAL REVENUE $125,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,126

Program Expenses $87,632

Other Expenses $119,958

TOTAL EXPENSES $119,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,295	$85,274	+0.5%
Expenses	$119,958	$110,589	+0.1%
Net Income	$5,337	$-25,315	-1.2%

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

$113,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA NOVAK	PROGRAM DIRE	40.00	Officer	$0	$20,016	$113,580
THOMAS DOORE	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL HALL	TREASURER	1.00	Officer Director	$0	$0	$0
LEON CRANMER	DIRECTOR	0.50	Director	$0	$0	$0
DAN MITCHELL	DIRECTOR	0.50	Director	$0	$0	$0
DAREK GRANT	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
GLEE BALLARD	DIRECTOR	0.50	Director	$0	$0	$0
RUTH BALLARD	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE MOSS	DIRECTOR	0.50	Director	$0	$0	$0
JEREMY ASHLOCK	DIRECTOR	0.50	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	$125,295	$119,958	$375,616	$5,337
2024	No data	No data	No data	No data
2022	$102,282	$107,268	$392,040	$-4,986
2021	$55,455	$65,810	$461,427	$-10,355
2020	$199,202	$83,213	$392,248	$115,989

OLD FORT WESTERN FUND