Institute for Family-Owned Business (EIN 262428220) - 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

2008

Legal Domicile

Principal Officer

Catherine Wygant Fossett

Phone

2077982667

Tax Period

2025-01-01 to 2025-12-31

Institute for Family-Owned Business, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $335K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $318K left a modest 5% surplus.

Mission

To support the success of family owned businesses in 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 (2025)

Revenue Breakdown

Contributions & Grants $354,575

Program Service Revenue $46,138

Investment Income $6,154

Other Revenue $-71,836

TOTAL REVENUE $335,031

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $205,320

Fundraising Expenses $42,952

Program Expenses $210,441

Other Expenses $109,466

TOTAL EXPENSES $318,286

Year-over-Year Comparison

	2025	2024	Change
Revenue	$335,031	$304,991	+0.1%
Expenses	$318,286	$297,359	+0.1%
Net Income	$16,745	$7,632	+1.2%

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

$104,282

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Capozza III	Chair	1.00	Officer Director	$0	$0	$0
Dottie Chalmers Cutter	Past Chair	1.00	Officer Director	$0	$0	$0
Deirdre Wadsworth	Vice Chair	1.00	Officer Director	$0	$0	$0
Jacques Santucci	Treasurer	1.00	Officer Director	$0	$0	$0
Jeffrey Messer	Secretary	1.00	Officer Director	$0	$0	$0
David R Ciullo	Board Member	1.00	Director	$0	$0	$0
Mike Anderson	Board Member	1.00	Director	$0	$0	$0
Gary Bergeron	Board Member	1.00	Director	$0	$0	$0
Nick DiMatteo	Board Member	1.00	Director	$0	$0	$0
Jessica D'Ottavio	Board Member	1.00	Director	$0	$0	$0
Joshua Ellis	Board Member	1.00	Director	$0	$0	$0
Shae-Li Fendler	Board Member	1.00	Director	$0	$0	$0
Jon Levesque	Board Member	1.00	Director	$0	$0	$0
Lucie Narukundo	Board Member	1.00	Director	$0	$0	$0
Neal Richard	Board Member	1.00	Director	$0	$0	$0
Katie Rooks	Board Member	1.00	Director	$0	$0	$0
Christopher R Smith	Board Member	1.00	Director	$0	$0	$0
Linda Varrell	Board Member	1.00	Director	$0	$0	$0
Christopher Wasileski	Board Member	1.00	Director	$0	$0	$0
Seth Webber	Board Member	1.00	Director	$0	$0	$0
Charlie Zachau	Board Member	1.00	Director	$0	$0	$0
Catherine Wygant Fossett	Executive Director	40.00	Officer	$101,438	$2,844	$104,282

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	$335,031	$318,286	$199,261	$16,745
2024	$304,991	$297,359	$187,974	$7,632
2023	$273,310	$304,228	$188,357	$-30,918
2022	$292,962	$323,692	$218,303	$-30,730
2021	$314,181	$247,118	$288,165	$67,063
2020	$213,534	$208,976	$437,112	$4,558
2019	$218,762	$217,284	$347,077	$1,478
2018	$202,164	$176,682	$320,901	$25,482

Institute for Family-Owned Business