Friends of Belgrade Lakes Village

EIN: 475310796 501(c)(3) Community Improvement

Belgrade Lks, ME

Total Revenue
$139,225
Total Expenses
N/A
Total Assets
$699,581
Net Assets
$699,581
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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
Carol Johnson
Phone
6038281252
Tax Period
2025-01-01 to 2025-12-31

Friends of Belgrade Lakes Village, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2025.

Mission

FORMED TO PROVIDE AMENITIES TO MAIN STREET RENOVATION; LATER TO CREATE PUBLIC PARKING FOR THE VILLAGE. INFRASTRUCTURE GIFTED TO THE TOWN OF BELGRADE

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

NO GRANTS OR SERVICES IN 2025

Program 2
Expenses: $0 Revenue: $0

NO GRANTS OR SERVICES IN 2025

Program 3
Expenses: $0 Revenue: $0

NO GRANTS OR SERVICES IN 2025

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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 (2025)

Revenue Breakdown

Contributions & Grants $138,724
Program Service Revenue $0
Investment Income $501
Other Revenue $0
TOTAL REVENUE $139,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2025 2024 Change
Revenue $139,225 N/A N/A
Expenses N/A N/A N/A
Net Income N/A $0 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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHLEEN ATKINSON CO-CHAIR 8.00
Officer
$0 $0 $0
CAROL JOHNSON CO-CHAIR 8.00
Officer
$0 $0 $0
DIANE OLIVER TREASURER 2.00
Officer
$0 $0 $0
CHRISTINE EMMONS SECRETARY 2.00
Officer
$0 $0 $0
LYNN MATSON BOARD MEMBER 1.00
Director
$0 $0 $0
PHYLLIS MATSON BOARD MEMBER 1.00
Director
$0 $0 $0
LIZ FONTAINE BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC HOOGLUND BOARD MEMBER 1.00
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
2025 $139,225 No data $699,581 No data
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