ISLAND HOUSING TRUST (EIN 222993615) - 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

1989

Legal Domicile

Principal Officer

EDITH DEEDIE BOUSCAREN

Phone

2072448011

Tax Period

2024-01-01 to 2024-12-31

ISLAND HOUSING TRUST, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 75% operating margin.

Mission

ISLAND HOUSING TRUST PROMOTES VIABLE, YEAR-ROUND ISLAND COMMUNITIES BY ADVANCING PERMANENT WORKFORCE HOUSING ON MOUNT DESERT ISLAND, 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 $1,968,830

Program Service Revenue $2,675

Investment Income $89,174

Other Revenue $0

TOTAL REVENUE $2,060,679

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $302,900

Fundraising Expenses $76,297

Program Expenses $279,943

Other Expenses $149,220

TOTAL EXPENSES $522,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,060,679	$1,040,659	+1.0%
Expenses	$522,120	$511,794	+0.0%
Net Income	$1,538,559	$528,865	+1.9%

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

$94,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLA O'BYRNE	EXECUTIVE DI	40.00	Officer	$91,838	$2,699	$94,537
EDITH DEEDIE BOUSCAREN	PRESIDENT	10.00	Officer Director	$0	$0	$0
JASON BRIGGS	DIRECTOR	2.00	Director	$0	$0	$0
ERICA BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
GREG DALTON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
HEATHER RICHARDS EVANS	DIRECTOR	2.00	Director	$0	$0	$0
LYDIA GOETZE	DIRECTOR	5.00	Director	$0	$0	$0
JAMES GREEN	DIRECTOR	2.00	Director	$0	$0	$0
JOANNE HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN C HENRY	DIRECTOR	2.00	Director	$0	$0	$0
SANDY JOHNSON	TREASURER	4.00	Officer Director	$0	$0	$0
MARY MCCALL	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL MCKAY	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS NELSON	DIRECTOR	2.00	Director	$0	$0	$0
KENDRA RAND	SECRETARY	2.00	Officer Director	$0	$0	$0
RHONDA SAWYER	DIRECTOR	2.00	Director	$0	$0	$0
CASEY VAN DER STRICHT	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER WHITE	DIRECTOR	3.00	Director	$0	$0	$0
AVEREL WILSON	DIRECTOR	2.00	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	$2,060,679	$522,120	$7,589,316	$1,538,559
2023	$1,040,659	$511,794	$5,330,740	$528,865
2022	$591,049	$498,530	$4,799,071	$92,519
2021	$2,726,746	$475,592	$4,685,458	$2,251,154
2020	$1,225,469	$405,472	$2,447,376	$819,997
2019	$366,871	$231,749	$1,609,878	$135,122
2018	$907,617	$173,400	$1,983,826	$734,217

ISLAND HOUSING TRUST