BOYS & GIRLS CLUB OF BANGOR (EIN 473408508) - 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

2017

Principal Officer

CATHERINE MYATT

Phone

2074044520

Tax Period

2023-01-01 to 2023-12-31

BOYS & GIRLS CLUB OF BANGOR, founded in 2017, is a small nonprofit in the Human Services sector that reported $738K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION'S MISSION IS TO ENABLE YOUNG PEOPLE, ESPECIALLY THOSE MOST IN NEED, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING AND RESPONSIBLE CITIZENS.

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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 $423,105

Program Service Revenue $309,513

Investment Income $5,100

Other Revenue $0

TOTAL REVENUE $737,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,855

Fundraising Expenses $0

Program Expenses $592,782

Other Expenses $486,679

TOTAL EXPENSES $764,534

Year-over-Year Comparison

	2023	2022	Change
Revenue	$737,718	$673,230	+0.1%
Expenses	$764,534	$631,016	+0.2%
Net Income	$-26,816	$42,214	-1.6%

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

N/A

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

$98,781

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE MYATT	CEO	37.50	Officer	$89,225	$9,556	$98,781
KATIE BRYDON	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER EASTMEN	TREASURER	N/A	Officer Director	$0	$0	$0
AUBRAE FILIPIAK	CHAIR	N/A	Officer Director	$0	$0	$0
LEAH GULLIVER	DIRECTOR	N/A	Director	$0	$0	$0
RAGNER JAEGER	DIRECTOR	N/A	Director	$0	$0	$0
SUCHARI RUTLEDGE	RESOURCE COM	N/A	Officer Director	$0	$0	$0
LAUREN HOLLEB SURRETTE	SECRETARY	N/A	Officer Director	$0	$0	$0
TIM SURRETTE	DIRECTOR	N/A	Director	$0	$0	$0
JAN WOLSLEGEL	VICE-CHAIR	N/A	Officer Director	$0	$0	$0
ALI WORSTER	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$737,718	$764,534	$724,626	$-26,816
2022	$673,230	$631,016	$742,506	$42,214
2021	$599,490	$517,990	$685,836	$81,500
2020	$763,508	$374,649	$565,257	$388,859
2020	$868,595	$453,385	$596,241	$415,210

BOYS & GIRLS CLUB OF BANGOR