Islesboro Affordable Property (EIN 222996309) - 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

Barbara Talamo

Phone

2077342299

Tax Period

2023-07-01 to 2024-06-30

Islesboro Affordable Property, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $197K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $57K, a strong 29% operating margin.

Mission

The mission of Islesboro Affordable Property (IAP) is to help in the maintenance and growth of Islesboro as a vital and successful year-round community. Our program, to carry out that mission, is to do all we can to insure that good housing is available for families and individuals who are making Islesboro their permanent home, who participate or will participate in community activities and in particular, for families and individuals whose work is an essential part of the day-to-day life on Islesboro. IAP builds houses for sale or rent. We monitor the private real estate market. We raise funds from private and public sources to underwrite our 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $144,039

Program Service Revenue $52,575

Investment Income $44

Other Revenue $0

TOTAL REVENUE $196,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,979

Fundraising Expenses $9,407

Program Expenses $83,135

Other Expenses $83,588

TOTAL EXPENSES $139,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,658	$382,599	-0.5%
Expenses	$139,567	$141,697	0.0%
Net Income	$57,091	$240,902	-0.8%

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

$52,000

Total Directors

$52,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Rogers	Executive Direc	40.00	Officer Director	$52,000	$0	$52,000
Susan Crater	President	3.50	Officer Director	$0	$0	$0
Mark Umbach	Outgoing Treas.	3.50	Officer Director	$0	$0	$0
Barbara Talamo	Director/Chair	3.50	Officer Director	$0	$0	$0
Todd Conklin	Director	3.50	Director	$0	$0	$0
Matt Sharp	Director	3.50	Director	$0	$0	$0
Andrew Allen	Director	3.50	Director	$0	$0	$0
Martha Schlager	Director	3.50	Director	$0	$0	$0
Earl MacKenzie	Director	3.50	Director	$0	$0	$0
Barry Warren	Director	3.50	Director	$0	$0	$0
Haven Ladd	Incoming Treas.	3.50	Officer	$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	$196,658	$139,567	$1,749,237	$57,091
2023	$382,599	$141,697	$1,746,980	$240,902
2022	$145,250	$150,255	$1,514,255	$-5,005
2021	$141,512	$142,515	$1,544,212	$-1,003
2020	$145,900	$142,661	$1,556,012	$3,239
2019	$140,641	$147,194	$1,564,400	$-6,553

Islesboro Affordable Property