Old Town-Orono Fiber Corporation

EIN: 474198290 501(c)(3) Public & Societal Benefit

Orono, ME

Total Revenue
$279,415
Total Expenses
$494,269
Total Assets
$4,323
Net Assets
$4,323
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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
2015
Legal Domicile
ME
Principal Officer
Belle Ryder
Phone
2079478595
Tax Period
2020-01-01 to 2020-12-31

Old Town-Orono Fiber Corporation, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $279K in total revenue in fiscal year 2020. Expenses of $494K exceeded revenue, resulting in a 77% operating deficit.

Mission

A non-profit corporation, formed by Old Town, Orono, and the University of Maine System, focused on bringing broadband infrastructure to Old Town and Orono, ME.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $279,415
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $279,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $493,394
Other Expenses $494,269
TOTAL EXPENSES $494,269

Year-over-Year Comparison

2020 2019 Change
Revenue $279,415 N/A N/A
Expenses $494,269 N/A N/A
Net Income $-214,854 N/A N/A
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
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
9
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Belle Ryder President 3.00
Officer
$0 $0 $0
Geoff Gordon Director 2.00
Officer
$0 $0 $0
Ray Soucy Director 2.00
Officer
$0 $0 $0
Jill Saucier Director 2.00
Officer
$0 $0 $0
Bruce Segee Director 2.00
Officer
$0 $0 $0
Kasey Legaard Director 2.00
Officer
$0 $0 $0
Jeff Letourneau Director 2.00
Officer
$0 $0 $0
Gerry Dube Director 2.00
Officer
$0 $0 $0
EJ Roach Director 2.00
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
2020 $279,415 $494,269 $4,323 $-214,854
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