PINE TREE STATE CERTIFIED DEVELOPM… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

WILLIAM O ARMITAGE II

Phone

2072821748

Tax Period

2019-07-01 to 2020-06-30

PINE TREE STATE CERTIFIED DEVELOPMENT CORPORATION, founded in 2010, is a small nonprofit that reported $228K in total revenue in fiscal year 2019. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 58% operating margin.

Mission

U.S. SMALL BUSINESS ADMINISTRATION 504 LENDING ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT IN THE STATE OF MAINE.

Program Service Accomplishments

Program 1

Expenses: $90,904 Revenue: $228,043

THE CORPORATION SERVICED LOANS MADE IN PRIOR YEARS AND MADE NEW LOANS UNDER THE SBA 504 PROGRAM TO COMPANIES LOCATED IN AND PROVIDED JOBS WITHIN THE STATE OF 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $228,043

Investment Income $0

Other Revenue $0

TOTAL REVENUE $228,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,904

Other Expenses $94,757

TOTAL EXPENSES $94,757

Year-over-Year Comparison

	2019	2018	Change
Revenue	$228,043	$112,642	+1.0%
Expenses	$94,757	$115,231	-0.2%
Net Income	$133,286	$-2,589	-52.5%

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

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
JONATHAN W SMITH	BOARD CHAIR	0.30	Officer Director	$0	$0	$0
MARJORIE A BICKFORD	SECRETARY	0.30	Officer Director	$0	$0	$0
DIANE DONALDSON	TRUSTEE	0.30	Director	$0	$0	$0
COLETTE J TWIGGE-ROWSE	TRUSTEE	0.30	Director	$0	$0	$0
CHIP MORRISON	TRUSTEE	0.30	Director	$0	$0	$0
STEVEN H LEVESQUE	TRUSTEE	0.30	Director	$0	$0	$0
CHARLES LARGE	TRUSTEE	0.30	Director	$0	$0	$0
WILLIAM O ARMITAGE II	EXECUTIVE DI	10.00	Officer	$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
2020	$228,043	$94,757	$107,012	$133,286

PINE TREE STATE CERTIFIED DEVELOPMENT CORPORATION