Community Concepts Development Corporation (EIN 364510585) - 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

2001

Legal Domicile

Principal Officer

James Martin

Phone

2077954065

Tax Period

2023-10-01 to 2024-09-30

Community Concepts Development Corporation, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

To promote and provide affordable housing for low-income and moderate-income residents in 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 (2023)

Revenue Breakdown

Contributions & Grants $228,218

Program Service Revenue $1,696,459

Investment Income $16,370

Other Revenue $0

TOTAL REVENUE $1,941,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,044,892

Other Expenses $2,065,848

TOTAL EXPENSES $2,065,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,941,047	$2,144,906	-0.1%
Expenses	$2,065,848	$1,775,024	+0.2%
Net Income	$-124,801	$369,882	-1.3%

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

$388,883

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ed Barrett	Chair	2.00	Officer Director	$0	$0	$0
Craig Saddlemire	Director	2.00	Officer Director	$0	$0	$0
Theodore Cornish	Director	2.00	Officer Director	$0	$0	$0
Andrew Choate	Director	2.00	Director	$0	$0	$0
Alyssa Dean Littlefield	Director	2.00	Director	$0	$0	$0
James Martin	CEO - CCI	2.00	Officer	$0	$27,238	$220,753
Laura Gormley	CFO - CCI	2.00	Officer	$0	$28,897	$168,130

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	$1,941,047	$2,065,848	$8,455,434	$-124,801
2023	$2,144,906	$1,775,024	$8,317,219	$369,882
2022	$1,113,115	$1,400,283	$5,415,433	$-287,168
2021	$1,019,042	$1,309,964	$5,635,896	$-290,922
2021	$1,019,042	$1,309,964	$5,635,896	$-290,922
2020	$834,716	$1,155,337	$4,674,640	$-320,621

Community Concepts Development Corporation