HOMELESS SERVICES OF AROOSTOOK INC (EIN 222564830) - 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

1984

Legal Domicile

Principal Officer

SUSAN WATSON

Phone

2077645114

Tax Period

2024-01-01 to 2024-12-31

HOMELESS SERVICES OF AROOSTOOK INC, founded in 1984, is a small nonprofit that reported $677K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $864K exceeded revenue, resulting in a 28% operating deficit.

Mission

PROVIDE TEMPORARY HOUSING AND COUNSELING SERVICES FOR THE HOMELESS OF NORTHERN MAINE

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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 $673,650

Program Service Revenue $0

Investment Income $3,138

Other Revenue $111

TOTAL REVENUE $676,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $631,726

Fundraising Expenses $0

Program Expenses $645,742

Other Expenses $232,567

TOTAL EXPENSES $864,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$676,899	$1,648,463	-0.6%
Expenses	$864,293	$924,537	-0.1%
Net Income	$-187,394	$723,926	-1.3%

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

N/A

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

$61,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARI BRADSTREET	EXECUTIVE DI	40.00	Officer	$61,943	$0	$61,943
CHRISTOPHER CARROLL	BOARD MEMBER	1.00	Director	$0	$0	$0
DEE CLARK	SECRETARY	1.00	Officer Director	$0	$0	$0
KENDRA COATES	BOARD MEMBER	1.00	Director	$0	$0	$0
DEVON COTE	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM DYER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN GONYA	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY LOCKE	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN MADORE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MCCLAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DEIDRE MCMAHON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON REED	BOARD MEMBER	1.00	Director	$0	$0	$0
DIXIE SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN WATSON	PRESIDENT	1.00	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	$676,899	$864,293	$1,119,599	$-187,394
2023	$1,648,463	$924,537	$1,303,040	$723,926
2022	$763,645	$787,286	$433,741	$-23,641
2021	$696,532	$638,996	$460,847	$57,536
2020	$568,159	$529,084	$400,872	$39,075
2019	$501,171	$542,565	$368,228	$-41,394
2018	$471,329	$488,831	$402,731	$-17,502

HOMELESS SERVICES OF AROOSTOOK INC