CASTINE SCIENTIFIC SOCIETY (EIN 237059689) - 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

1921

Legal Domicile

Principal Officer

JEANMARIE REED RUSSELL

Phone

2073269247

Tax Period

2023-01-01 to 2023-12-31

CASTINE SCIENTIFIC SOCIETY, founded in 1921, is a small nonprofit in the Arts, Culture & Humanities sector that reported $556K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $699K exceeded revenue, resulting in a 26% operating deficit.

Mission

CULTIVATING AND ENCOURAGING HUMAN CONNECTION ACROSS PLACE, TIME, AND CULTURES.

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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 $76,134

Program Service Revenue $975

Investment Income $474,174

Other Revenue $4,599

TOTAL REVENUE $555,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,968

Fundraising Expenses $13,711

Program Expenses $454,677

Other Expenses $372,706

TOTAL EXPENSES $698,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$555,882	$819,453	-0.3%
Expenses	$698,674	$679,500	+0.0%
Net Income	$-142,792	$139,953	-2.0%

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

$75,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA GRAY	EXECUTIVE DI	40.00	Officer	$75,885	$0	$75,885
JOCELINE BOUCHER	TREASURER	1.29	Officer Director	$0	$0	$0
STEVE BROOKMAN	TRUSTEE	1.00	Director	$0	$0	$0
MARIANNE BUCHANAN	TRUSTEE	1.00	Director	$0	$0	$0
HANS CARLSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA COOPER	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
WALTER MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
JEANMARIE REED RUSSELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STEVE SHEA	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA SIMPSON	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
2024	No data	No data	No data	No data
2023	$555,882	$698,674	$21,226,380	$-142,792
2022	$819,453	$679,500	$19,550,807	$139,953
2021	$577,379	$669,969	$21,941,978	$-92,590
2020	$2,135,268	$580,123	$19,868,188	$1,555,145
2019	$679,487	$654,945	$19,305,599	$24,542
2018	$970,831	$566,641	$17,141,094	$404,190

CASTINE SCIENTIFIC SOCIETY