AROOSTOOK ASPIRATIONS INITIATIVE (EIN 461594917) - 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

SANDRA GAUVIN

Phone

2077640876

Tax Period

2023-01-01 to 2023-12-31

AROOSTOOK ASPIRATIONS INITIATIVE, founded in 2012, is a micro nonprofit that reported $21K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 12% operating deficit.

Mission

(A) PROMOTING ACCESS AND AVAILABILITY OF HIGHER EDUCATION OPPORTUNTIES TO MAINE'S HIGH SCHOOL GRADUATES (B) PROVIDING FINANCIAL ASSISTANCE TO ACADEMICALLY DERSING AND/OR FINANCAILLY NEEDY HIGH SCHOOL GRADUATES IN THE FORM OF SCHOLARSHIP GRANTS AND AWARDS (C) RAISING FUNDS AND ACEPTING CONTRIBUTIONS, GRANTS, OR GIFTS FRON ANY PUBLIC OR PROVATE AGENCY, ORGANIZATION, OR INDIVIDUAL FOR THE PURPOSES OF FINANCING ITS ACTIVITIES AND EXPENDING THOSE MONIES FOR THE PURPOSES OF THE CORPORATION

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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 $6,230

Program Service Revenue $0

Investment Income $13,019

Other Revenue $1,654

TOTAL REVENUE $20,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $23,443

TOTAL EXPENSES $23,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,903	$74,368	-0.7%
Expenses	$23,443	$58,991	-0.6%
Net Income	$-2,540	$15,377	-1.2%

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
JENNIFER DESCHENE	DIRECTOR	1.00	Director	$0	$0	$0
RAYNOLD GAUVIN	TREASURER	10.00	Officer Director	$0	$0	$0
SANDRA GAUVIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
HALEY KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER MACKINNON	DIRECTOR	1.00	Director	$0	$0	$0
JASON PARENT	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ROGESKI	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT SMITH	VICE PRESIDE	1.00	Officer 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
2023	$20,903	$23,443	No data	$-2,540
2022	$74,368	$58,991	$532,582	$15,377
2021	$128,543	$96,623	$573,142	$31,920
2019	$141,015	$111,316	$434,863	$29,699
2018	$127,950	$94,794	$375,193	$33,156

AROOSTOOK ASPIRATIONS INITIATIVE