HEART OF BIDDEFORD (EIN 342003673) - 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

2004

Legal Domicile

Principal Officer

DELILAH POUPORE

Phone

2072848520

Tax Period

2024-07-01 to 2025-06-30

HEART OF BIDDEFORD, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $608K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE HEART OF BIDDEFORD, IN PARTNERSHIP WITH THE CITY OF BIDDEFORD, THE BUSINESS COMMUNITY, PROPERTY OWNERS, AND RESIDENTS, FOSTERS ECONOMIC DEVELOPMENT AND IMPROVES THE DOWNTOWN AND QUALITY OF LIFE WITHIN ITS BOUNDARIES BY SUPPORTING EXISTING BUSINESSES, ATTRACTING NEW BUSINESSES, PROMOTING THE DOWNTOWN THROUGH EVENTS, AND WORKING TO BEAUTIFY THE URBAN CORE

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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 $308,501

Program Service Revenue $295,595

Investment Income $66

Other Revenue $3,595

TOTAL REVENUE $607,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,455

Fundraising Expenses $0

Program Expenses $576,914

Other Expenses $455,829

TOTAL EXPENSES $614,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$607,757	$511,413	+0.2%
Expenses	$614,284	$504,525	+0.2%
Net Income	$-6,527	$6,888	-1.9%

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

350

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

$62,226

Total Directors

$62,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT THIBEAU	PRESIDENT	10.00	Officer Director	$0	$0	$0
JAHNNA STEINDL	VICE PRES -T	10.00	Officer Director	$0	$0	$0
HAILEE FLAHERTY	SECRETARY	10.00	Officer Director	$0	$0	$0
JOE MCKENNEY	CHAIR - DIRE	6.00	Officer Director	$0	$0	$0
IAN GARCIA-GRANT	DIRECTOR	6.00	Director	$0	$0	$0
PHIL SMITH	DIRECTOR	6.00	Director	$0	$0	$0
MARIANNE CLARKE	CHAIR - DIRE	6.00	Director	$0	$0	$0
LEAH SCHAFFER	CHAIR - DIRE	6.00	Director	$0	$0	$0
MA-LI GUILLEREAULT	DIRECTOR	6.00	Director	$0	$0	$0
BRIANA CAMPBELL	CHAIR - DIRE	6.00	Director	$0	$0	$0
SAM SMITHWICK	DIRECTOR	6.00	Director	$0	$0	$0
EISHA KHAN	DIRECTOR	6.00	Director	$0	$0	$0
BRAD FAVREAU	DIRECTOR	6.00	Director	$0	$0	$0
MARC FELDMAN	DIRECTOR	6.00	Director	$0	$0	$0
DELILAH POUPORE	EXECUTIVE DI	40.00	Officer Director	$62,226	$0	$62,226

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	$607,757	$614,284	$178,219	$-6,527
2024	$511,413	$504,525	$151,332	$6,888
2023	$367,482	$364,923	$164,257	$2,559
2022	$331,844	$340,671	$135,038	$-8,827
2021	$455,175	$440,768	$122,173	$14,407
2020	$292,614	$287,358	$77,646	$5,256
2019	$315,111	$314,990	$99,921	$121

HEART OF BIDDEFORD