Brooks Preservation Society (EIN 262798541) - 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

Michael Francoeur

Tax Period

2023-01-01 to 2023-12-31

Brooks Preservation Society, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $305K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $106K, a strong 35% operating margin.

Mission

Preserve, Maintain, Operate the Belfast Moosehead Lake Railroad

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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 $37,743

Program Service Revenue $223,424

Investment Income $7

Other Revenue $44,289

TOTAL REVENUE $305,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,053

Other Expenses $199,053

TOTAL EXPENSES $199,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$305,463	$322,583	-0.1%
Expenses	$199,053	$294,161	-0.3%
Net Income	$106,410	$28,422	+2.7%

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

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
Joey Feero	Executive Director	040.00	Officer Director Key Emp	$0	$0	$0
Michael Francoeur	Director/Treasurer	040.00	Officer Director Key Emp	$0	$0	$0
Howard Betts	Director/Roadmaster	024.00	Director Key Emp	$0	$0	$0
Paul Cronin	Director	002.00	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	$305,463	$199,053	$1,456,092	$106,410
2022	$322,583	$294,161	$1,430,847	$28,422
2021	$367,590	$398,026	$1,366,306	$-30,436
2020	$290,962	$281,604	$1,158,340	$9,358

Brooks Preservation Society