Old Town-Orono Fiber Corporation

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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

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.

Program Service Accomplishments

Program 1

Expenses: $493,394

Development of a Fiber Optic Feasibility Study to examine how Old Town and Orono are currently served with broadband infrastructure, particularly focused on the services available to the community...

Development of a Fiber Optic Feasibility Study to examine how Old Town and Orono are currently served with broadband infrastructure, particularly focused on the services available to the community anchors, businesses, and key economic development zones

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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 (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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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