AUBURN BUSINESS DEVELOPMENT CORPORATION (EIN 237273463) - 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

1972

Legal Domicile

Principal Officer

MICHELLE RITCHESON PRESI

Phone

2073569766

Tax Period

2022-07-01 to 2023-06-30

AUBURN BUSINESS DEVELOPMENT CORPORATION, founded in 1972, is a small nonprofit that reported $115K in total revenue in fiscal year 2022. The organization ran a surplus of $40K, a strong 34% operating margin.

Mission

PROMOTING JOB CREATION IN THE CITY OF AUBURN, 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,208

Investment Income $113,094

Other Revenue $0

TOTAL REVENUE $115,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,113

Other Expenses $75,525

TOTAL EXPENSES $75,525

Year-over-Year Comparison

	2022	2021	Change
Revenue	$115,302	$111,784	+0.0%
Expenses	$75,525	$95,854	-0.2%
Net Income	$39,777	$15,930	+1.5%

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

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
PAUL GARDNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL COTE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PIERSON ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE RIOUX	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE LUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
DARCIE BEAUDIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TASSANARI	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SELLINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE RITCHESON	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN FLETCHER	BOARD MEMBER	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	$115,302	$75,525	$862,952	$39,777
2022	$111,784	$95,854	$998,000	$15,930
2021	$-91,087	$122,196	$1,172,530	$-213,283
2020	$48,125	$117,551	$1,658,155	$-69,426
2019	$70,320	$131,236	$1,755,921	$-60,916

AUBURN BUSINESS DEVELOPMENT CORPORATION