PORTLAND PRESERVATION FOUNDATION (EIN 460705292) - 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

2012

Legal Domicile

Principal Officer

JIM DONOHO

Phone

6152682791

Tax Period

2024-01-01 to 2024-12-31

PORTLAND PRESERVATION FOUNDATION, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $74K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $145K exceeded revenue, resulting in a 97% operating deficit.

Mission

RESTORING THE HISTORIC TEMPLE THEATRE HAS FULFILLED A COMMUNITY NEED FOR BRIDGING THE GAP BETWEEN THE TOWNS STORIED AND QUAINT BEGINNINGS AND THE MODERN MUNICIPALITY OF TODAY. OUR FINISHED EFFORTS HAVE PROVIDED A TALENT INCUBATOR, A COMMUNITY STAGE, ENTERTAINMENT VENUE

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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 $15,250

Program Service Revenue $220,553

Investment Income $0

Other Revenue $-162,113

TOTAL REVENUE $73,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,021

Fundraising Expenses $0

Program Expenses $36,751

Other Expenses $118,209

TOTAL EXPENSES $145,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,690	$129,336	-0.4%
Expenses	$145,230	$194,291	-0.3%
Net Income	$-71,540	$-64,955	+0.1%

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

Employees

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	Role	Reportable Comp	Other Comp	Total
KATHY FREEMAN	BOARD MEMBER	Director	$0	$0	$0
KENNETH BREWER	BOARD MEMBER	Director	$0	$0	$0
KENNETH WILBER	BOARD MEMBER	Director	$0	$0	$0
ROBYN COLLINS	BOARD MEMBER	Director	$0	$0	$0
JACK FREEDLE	BOARD MEMBER	Director	$0	$0	$0
DREW JENNINGS	BOARD MEMBER	Director	$0	$0	$0
JIM DONOHO	TREASURER	Officer	$0	$0	$0
WILLIAM GEMINDEN	CHAIRMAN	Officer	$0	$0	$0
DENISE GEMIMDEN	VICE CHAIR	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
2024	$73,690	$145,230	$346,959	$-71,540
2023	$129,336	$194,291	$402,220	$-64,955

PORTLAND PRESERVATION FOUNDATION