AROOSTOOK ASPIRATIONS INITIATIVE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

THE COMPANY IS ORGANIZED EXCLUSIVELY TO PROMOTE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. THE PURPOSE OF THE COMPANY IS TO: (A)PROMOTE ACCESS AND AVAILABILITY OF HIGHER EDUCATION OPPORTUNITIES TO MAINE'S HIGH SCHOOL GRADUATES (B)PROVIDE FINANCIAL ASSISTANCE TO ACADEMICALLY DESERVING AND/OR FINANCIALLY NEEDY HIGH SCHOOL GRADUATES IN MAINE IN THE FORM OF SCHOLARSHIP GRANTS OR AWARD AND (C)RAISE FUNDS AND ACCEPT CONTRIBUTIONS, GRANTS, OR GIFTS FROM ANY PUBLIC OR PRIVATE AGENCY, ORGANIZATION, OR INDIVIDUAL FOR THE PURPOSE OF FINANCING ITS ACTIVITIES AND EXPENDING THOSE MONIES FOR THE PURPOSES OF THE CORPORATION.

Program Service Accomplishments

Program 1

WE WILL AWARD A 1,000 SCHOLARSHIP FOR A SENIOR IN EACH OF THE 16 HIGH SCHOOLS IN AROOSTOOK COUNTY. OUR PRIORITY POPULATION IS THE FIRST GENERATION AND/OR ECONOMICALLY DISADVANTAGED AROOSTOOK COUNTY YOUTH WHO SELECTS ONE OF THE 3 COLLEGES LOCATED IN AROOSTOOK COUNTY OR THE 1 COLLEGE IN KENNEBEC COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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