HERRING GUT LEARNING CENTER

EIN: 233007187 501(c)(3)

PORT CLYDE, ME

Total Revenue
$374,622
Total Expenses
$536,576
Total Assets
$1,884,002
Net Assets
$1,829,322
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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
1999
Legal Domicile
ME
Principal Officer
PETER HARRIS
Phone
2073728677
Tax Period
2017-07-01 to 2018-06-30

HERRING GUT LEARNING CENTER, founded in 1999, is a small nonprofit that reported $375K in total revenue in fiscal year 2017. Expenses of $537K exceeded revenue, resulting in a 43% operating deficit.

Mission

THROUGH HANDS-ON STUDY AND EXPERIENCE IN AQUACULTURE AND MARINE SCIENCE, WE TEACH STUDENTS TO EMBRACE LEARNING, APPRECIATE SCIENCE AND THE ENVIRONMENT, AND HELP THEM GROW AS INDIVIDUALS. OUR EDUCATIONAL PROGRAMS ENCOURAGE THE PRESERVATION AND ECONOMIC DEVELOPMENT OF COASTAL COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $216,195 Revenue: $120,586

YEAR-ROUND EDUCATION PROGRAMS FOR K-12 STUDENTS IN MARINE SCIENCE AND AQUACULTURE. SUMMER CAMPS TEACHING MARINE SCIENCE TO CHILDREN IN GRADES 1-7. FIRST WORK EXPERIENCE PROGRAM FOR TEENS AGES 13-15...

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YEAR-ROUND EDUCATION PROGRAMS FOR K-12 STUDENTS IN MARINE SCIENCE AND AQUACULTURE. SUMMER CAMPS TEACHING MARINE SCIENCE TO CHILDREN IN GRADES 1-7. FIRST WORK EXPERIENCE PROGRAM FOR TEENS AGES 13-15 THROUGH AN INTENSIVE SUMMER PROGRAM, TEACHING EMPLOYMENT SKILLS WHILE STUDENTS EARN A SALARY WORKING IN THE GREENHOUSE AND GARDENS.

Program 2
Expenses: $177,418 Revenue: $98,958

INSTRUCTIONAL WORKSHOPS FOR K-12 TEACHERS TO ENHANCE ABILITIES IN SCIENCE EDUCATION USING AQUACULTURE AS A TEACHING TOOL. TEACHERS RECEIVED INTENSIVE LESSONS AND MATERIALS, COUPLED WITH INSTRUCTION...

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INSTRUCTIONAL WORKSHOPS FOR K-12 TEACHERS TO ENHANCE ABILITIES IN SCIENCE EDUCATION USING AQUACULTURE AS A TEACHING TOOL. TEACHERS RECEIVED INTENSIVE LESSONS AND MATERIALS, COUPLED WITH INSTRUCTION TO ADAPT THESE TO MEET THEIR INDIVIDUAL NEEDS.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $114,959
Program Service Revenue $225,500
Investment Income $40,119
Other Revenue $-5,956
TOTAL REVENUE $374,622

Expense Breakdown

Grants Paid $0
Salaries & Benefits $336,425
Fundraising Expenses $29,024
Program Expenses $393,613
Other Expenses $200,151
TOTAL EXPENSES $536,576

Year-over-Year Comparison

2017 2016 Change
Revenue $374,622 $380,124 0.0%
Expenses $536,576 $481,081 +0.1%
Net Income $-161,954 $-100,957 +0.6%
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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Governance

Voting Members
10
Independent Members
10
Employees
30
Volunteers
25

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER HARRIS CHAIR 10.00
Officer Director
$0 $0 $0
PHILIP CONKLING VICE CHAIR 5.00
Officer Director
$0 $0 $0
NANCY STEINER SECRETARY 2.50
Officer Director
$0 $0 $0
KEN WALSH TREASURER 1.50
Officer Director
$0 $0 $0
SUSAN SCHORIN TRUSTEE 1.50
Director
$0 $0 $0
PETER RALSTON TRUSTEE 1.50
Director
$0 $0 $0
WENDY MAKINS TRUSTEE 1.25
Director
$0 $0 $0
KIM FLEMING TRUSTEE 1.00
Director
$0 $0 $0
MARGARET MCFADDEN TRUSTEE 1.00
Director
$0 $0 $0
MERRITT CAREY TRUSTEE 1.00
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
2018 $374,622 $536,576 $1,884,002 $-161,954
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