FRIENDS OF COMMUNITY FITNESS

EIN: 510479326 501(c)(3) Recreation & Sports

Guilford, ME

Total Revenue
$356,036
Total Expenses
$235,786
Total Assets
$292,744
Net Assets
$292,744
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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
2003
Legal Domicile
ME
Principal Officer
BRITNEY GALLAGHER
Phone
2078764813
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF COMMUNITY FITNESS, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $356K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 34% operating margin.

Mission

PROVIDE A SAFE AND ECONOMICAL COMMUNITY FITNESS CENTER

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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 (2024)

Revenue Breakdown

Contributions & Grants $324,525
Program Service Revenue $0
Investment Income $12
Other Revenue $31,499
TOTAL REVENUE $356,036

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,346
Fundraising Expenses $4,157
Program Expenses $45,906
Other Expenses $120,440
TOTAL EXPENSES $235,786

Year-over-Year Comparison

2024 2023 Change
Revenue $356,036 $249,481 +0.4%
Expenses $235,786 $225,830 +0.0%
Net Income $120,250 $23,651 +4.1%
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
11
Independent Members
N/A
Employees
30
Volunteers
100

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
6
$44,120
Total Directors
10
$44,120
Key Employees
1
$44,120
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRITNEY GALLAGHER EXECUTIVE DIRECTOR 40.00
Officer Director Key Emp Highest
$44,120 $0 $44,120
ALLEN DREW PRESIDENT 1.00
Officer Director
$0 $0 $0
WENDY MCKENNEY TREASURER 2.00
Officer Director
$0 $0 $0
DONNA ROLLINS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRAD DEANE DIRECTOR 1.00
Director
$0 $0 $0
CANDICE CYR DIRECTOR 1.00
Director
$0 $0 $0
LAUREN WOODSUM SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL PERIGO DIRECTOR 1.00
Director
$0 $0 $0
CARRIE REED DIRECTOR 1.00
Director
$0 $0 $0
JODI NOFSINGER LAWYER 1.00
Officer
$0 $0 $0
PETER MARTELL DIRECTOR 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 $356,036 $235,786 $292,744 $120,250
2025 $356,036 $235,786 $292,744 $120,250
2024 $252,428 $228,777 $193,914 $23,651
2023 $277,466 $232,194 $170,263 $45,272
2022 $239,749 $172,397 $67,352 $67,352
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