Fort Fairfield Residential Development Corporation (EIN 223066435) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Stacey Michaud

Phone

2074765771

Tax Period

2024-07-01 to 2025-06-30

Fort Fairfield Residential Development Corporation, founded in 2006, is a small nonprofit that reported $305K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $270K left a modest 11% surplus.

Mission

The organization exists to provide affordable housing to low income families.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $187,263

Program Service Revenue $104,777

Investment Income $1,567

Other Revenue $11,234

TOTAL REVENUE $304,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,189

Other Expenses $270,189

TOTAL EXPENSES $270,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,841	$279,875	+0.1%
Expenses	$270,189	$252,954	+0.1%
Net Income	$34,652	$26,921	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Hensler	Director	001.00	Director	$0	$0	$0
Sean Bernard	Director	001.00	Director	$0	$0	$0
Jeff Davenport	Director	001.00	Director	$0	$0	$0
Milton Ross	Director	001.00	Director	$0	$0	$0
Tom Towel	Director	001.00	Director	$0	$0	$0
Cindy Thibeau	Director	001.00	Director	$0	$0	$0
Andrew Coiley	Director	001.00	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
2025	$304,841	$270,189	$1,079,947	$34,652
2024	$279,875	$252,954	$1,084,230	$26,921
2023	$260,808	$262,357	$1,096,732	$-1,549
2022	$263,575	$258,508	$1,135,949	$5,067
2021	$273,061	$229,832	$1,168,617	$43,229
2020	$248,216	$231,578	$1,158,021	$16,638
2019	$254,689	$252,046	$1,163,906	$2,643

Fort Fairfield Residential Development Corporation