CASCO BAY HOCKEY ASSOCIATION

EIN: 237331449 501(c)(3) Recreation & Sports

FALMOUTH, ME

Total Revenue
$1,053,303
Total Expenses
$1,266,003
Total Assets
$245,397
Net Assets
$-201,197
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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
1974
Legal Domicile
ME
Principal Officer
MATT LAMBERT
Phone
2074867104
Tax Period
2024-07-01 to 2025-06-30

CASCO BAY HOCKEY ASSOCIATION, founded in 1974, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE INSTRUCTIONAL ICE HOCKEY FOR LOCAL YOUTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,464
Program Service Revenue $997,113
Investment Income $7
Other Revenue $11,719
TOTAL REVENUE $1,053,303

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $26,300
Fundraising Expenses $0
Program Expenses $1,239,703
Other Expenses $1,236,703
TOTAL EXPENSES $1,266,003

Year-over-Year Comparison

2024 2023 Change
Revenue $1,053,303 $1,153,361 -0.1%
Expenses $1,266,003 $1,135,060 +0.1%
Net Income $-212,700 $18,301 -12.6%
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
25
Independent Members
25
Employees
N/A
Volunteers
200

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
6
$9,575
Total Directors
27
$26,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT LAMBERT PRESIDENT 2.00
Officer Director
$2,850 $0 $2,850
MICHAEL GEOGHAN TREASURER 2.00
Officer Director
$2,250 $0 $2,250
ERIC TURGEON VICE PRESIDENT 0.50
Officer Director
$500 $0 $500
GREG LECLAIR DIRECTOR, VICE PRESIDENT 1.00
Officer Director
$2,250 $0 $2,250
DAN WELCH DIRECTOR, VICE PRESIDENT 1.00
Officer Director
$1,225 $0 $1,225
SCOTT LISTON FINANCE CHAIR 0.25
Director
$500 $0 $500
PAT O'MALLEY DIRECTOR 0.25
Director
$500 $0 $500
JAYSON MORRISON DIRECTOR 1.00
Director
$2,850 $0 $2,850
HEATHER GRONDIN DIRECTOR 0.25
Director
$500 $0 $500
JENNIFER RYAN DIRECTOR 0.25
Director
$500 $0 $500
ANASTASA O'HAGAN DIRECTOR 0.25
Director
$500 $0 $500
MARC HALSTED DIRECTOR 0.25
Director
$500 $0 $500
JOE GUERRIERO DIRECTOR 1.00
Director
$2,850 $0 $2,850
MEGAN VAUGHAN DIRECTOR 0.50
Director
$3,275 $0 $3,275
ADAM ROUSSEAU ASSISTANT DIRECTOR 0.25
Director
$500 $0 $500
HANNAH BLYMIER ASSISTANT DIRECTOR 0.25
Director
$500 $0 $500
CAITLIN JORDAN ASSISTANT DIRECTOR 0.25
Director
$500 $0 $500
REBECCA BLIER-CARTER DIRECTOR 0.25
Director
$500 $0 $500
TOM CLIFFORD DIRECTOR 0.25
Director
$250 $0 $250
REBECCA ROBICH DIRECTOR 0.25
Director
$500 $0 $500
ADAM GODFREY NON-VOTING DIRECTOR 8.00
Director
$0 $0 $0
JOHN VEILLEUX NON-VOTING DIRECTOR 0.25
Director
$0 $0 $0
BRYNA FINUCANE DIRECTOR 0.25
Director
$500 $0 $500
CHARLIE WEAVER DIRECTOR 0.25
Director
$500 $0 $500
DORICE GROSHON SECRETARY 0.25
Officer Director
$500 $0 $500
MATT CURRAN DIRECTOR 0.25
Director
$500 $0 $500
GARY GOSLIN CO-DIRECTOR 0.50
Director
$500 $0 $500
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 $1,053,303 $1,266,003 $245,397 $-212,700
2024 $1,153,361 $1,135,060 $359,076 $18,301
2023 $1,006,797 $1,161,019 $235,451 $-154,222
2022 $845,026 $933,368 $333,663 $-88,342
2021 $1,046,036 $881,309 $351,965 $164,727
2020 $790,156 $1,018,327 $127,832 $-228,171
2019 $753,785 $601,613 $356,003 $152,172
2018 $699,518 $605,315 $203,831 $94,203
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