Bangor Area Recovery Network Inc (EIN 270363459) - 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

2009

Legal Domicile

Phone

2075619444

Tax Period

2024-07-01 to 2025-06-30

Bangor Area Recovery Network Inc, founded in 2009, is a small nonprofit in the Education sector that reported $567K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum.

Mission

To provide a sustainable and reliable community recovery center that supports the needs of people affected by addiction.

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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 (2024)

Revenue Breakdown

Contributions & Grants $472,562

Program Service Revenue $94,906

Investment Income $0

Other Revenue $0

TOTAL REVENUE $567,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,857

Fundraising Expenses $47,558

Program Expenses $477,943

Other Expenses $179,530

TOTAL EXPENSES $557,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$567,468	$293,888	+0.9%
Expenses	$557,387	$380,268	+0.5%
Net Income	$10,081	$-86,380	-1.1%

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

N/A

Employees

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
Robert Fickett	Executive Director	40.00		$81,324	$0	$81,324
Ashley Homstead	Secretary	10.00	Officer Director	$0	$0	$0
Kole Taylor	Member	10.00	Director	$0	$0	$0
Amy Clark	Member	10.00	Director	$0	$0	$0
Joni Winkler	Vice President	20.00	Officer Director	$0	$0	$0
Brenda Godin	Treasurer	20.00	Officer Director	$0	$0	$0
Kim Morrison	Member	10.00	Director	$0	$0	$0
Sarah Shurtleff	President	20.00	Officer Director	$0	$0	$0
Joe Belisle	Member	10.00	Director	$0	$0	$0
Noah Nesin	Member	10.00	Director	$0	$0	$0
Lisa Williams	Member	10.00	Director	$0	$0	$0
Richard Jewett	Member	10.00	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
2025	$567,468	$557,387	$902,328	$10,081
2024	$293,888	$380,268	$875,586	$-86,380
2023	$709,801	$508,678	$954,148	$201,123
2022	$471,722	$393,219	$758,991	$78,503
2021	$444,082	$334,993	$679,080	$109,089
2020	$393,956	$331,107	$571,694	$62,849
2019	$292,383	$192,550	$493,689	$99,833

Bangor Area Recovery Network Inc