Our Katahdin (EIN 472382072) - Form 990 Financial Analysis & Trantor Score

🔒

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

2014

Legal Domicile

Principal Officer

Sean DeWitt

Phone

2076189187

Tax Period

2024-01-01 to 2024-12-31

Our Katahdin, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 58% operating margin.

Mission

Assisting with community and economic development in the Katahdin region of Maine.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $5,834,488

Program Service Revenue $16,931

Investment Income $12,479

Other Revenue $0

TOTAL REVENUE $5,863,898

Expense Breakdown

Grants Paid $4,880

Salaries & Benefits $247,478

Fundraising Expenses $0

Program Expenses $2,195,195

Other Expenses $2,214,395

TOTAL EXPENSES $2,466,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,863,898	$2,291,664	+1.6%
Expenses	$2,466,753	$4,679,256	-0.5%
Net Income	$3,397,145	$-2,387,592	-2.4%

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

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
Sean DeWitt	President	20.00	Officer Director	$0	$0	$0
Stephanie Walsh	Treasurer	30.00	Officer Director	$0	$0	$0
Anthony Foster	Director	10.00	Director	$0	$0	$0
Michael Faloon Jr	Director	20.00	Director	$0	$0	$0
Jessica Masse	Director	15.00	Director	$0	$0	$0
Peter Malikowski	Director	40.00	Director	$0	$0	$0
Mike Osborne	Director	10.00	Director	$0	$0	$0
Eldon Doody	Volunteer Officer	1.00	Officer	$0	$0	$0
Stephen Sanders	Director of Mill Site Redevelopment	40.00	Highest	$110,784	$23,409	$134,193

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	$5,863,898	$2,466,753	$5,368,786	$3,397,145
2023	$2,291,664	$4,679,256	$1,614,987	$-2,387,592
2022	$1,815,951	$2,235,611	$1,421,809	$-419,660
2021	$1,543,453	$1,755,133	$1,169,768	$-211,680
2020	$1,640,727	$1,332,216	$1,147,459	$308,511

Our Katahdin