Squirrel Island Preservation Foundation c/o Pierce Atwood LLP (EIN 222875544) - 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

1988

Legal Domicile

Principal Officer

William Thomas

Phone

2078054961

Tax Period

2025-01-01 to 2025-12-31

Squirrel Island Preservation Foundation c/o Pierce Atwood LLP, founded in 1988, is a small nonprofit in the Environment sector that reported $358K in total revenue in fiscal year 2025. Expenses of $403K exceeded revenue, resulting in a 13% operating deficit.

Mission

Support resource conservation, education, health, etc. for Squirrel Island, ME.

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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 (2025)

Revenue Breakdown

Contributions & Grants $41,967

Program Service Revenue $0

Investment Income $315,786

Other Revenue $0

TOTAL REVENUE $357,753

Expense Breakdown

Grants Paid $338,000

Salaries & Benefits $0

Fundraising Expenses $660

Program Expenses $338,000

Other Expenses $64,546

TOTAL EXPENSES $402,546

Year-over-Year Comparison

	2025	2024	Change
Revenue	$357,753	$343,029	+0.0%
Expenses	$402,546	$304,971	+0.3%
Net Income	$-44,793	$38,058	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Howaniec	Trustee	0.50	Director	$0	$0	$0
Leslie Jacob	Trustee	0.50	Director	$0	$0	$0
Taylor Mandell	Trustee	0.50	Director	$0	$0	$0
Arthur Veasey	Trustee	0.50	Director	$0	$0	$0
William Thomas	President & Secretary	1.00	Officer Director	$0	$0	$0
David Splaine	Vice President	0.50	Officer Director	$0	$0	$0
Nina H Garrison	Treasurer	0.50	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
2025	$357,753	$402,546	$10,920,147	$-44,793
2024	$343,029	$304,971	$9,742,145	$38,058
2023	$138,656	$54,276	$9,042,086	$84,380
2022	$651,008	$374,156	$7,931,359	$276,852
2021	$1,144,914	$197,753	$9,401,246	$947,161
2020	$192,683	$379,237	$8,425,731	$-186,554
2019	$508,217	$53,206	$8,118,660	$455,011
2018	$359,851	$306,893	$6,966,156	$52,958

Squirrel Island Preservation Foundation c/o Pierce Atwood LLP