STURDIVANT ISLAND TUNA TOURNAMENT … - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

PHILIP GRONDIN JR

Phone

2078541147

Tax Period

2018-01-01 to 2018-12-31

STURDIVANT ISLAND TUNA TOURNAMENT CHARITABLE FOUNDATION, founded in 2004, is a small nonprofit that reported $270K in total revenue in fiscal year 2018. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $299K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE STURDIVANT ISLAND TUNA TOURNAMENT CHARITABLE FOUNDATION IS AN INDEPENDENT, NON-PROFIT, 501(C)(3) ORGANIZATION COMMITTED TO THE PURPOSE OF RAISING AND EXPENDING FUNDS IN SUPPORT OF EDUCATIONAL SCHOLARSHIPS TO DESERVING INDIVIDUALS AND GIVING CHARITABLE DONATIONS TO THOSE IN NEED. THE SITT HAS A REPUTATION WHERE HONESTY AND FAIR PLAY ARE THE RULE, AND CAMARADERIE AND FUN COME NATURALLY. WE HAVE SO FAR GIVEN OVER $700,000 TO WORTHY CAUSES, WITH OVER HALF OF OUR FUNDRAISING GOING TO ALL SEVEN MAINE COMMUNITY COLLEGES.

Program Service Accomplishments

Program 1

Expenses: $298,531

RAISING AND EXPENDING FUNDS IN SUPPORT OF EDUCATIONAL SCHOLARSHIPS TO DESERVING INDIVIDUALS AND GIVING CHARITABLE DONATIONS TO THOSE IN NEED.

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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 (2018)

Revenue Breakdown

Contributions & Grants $216,225

Program Service Revenue $0

Investment Income $0

Other Revenue $53,280

TOTAL REVENUE $269,505

Expense Breakdown

Grants Paid $296,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $298,531

Other Expenses $2,331

TOTAL EXPENSES $298,531

Year-over-Year Comparison

	2018	2017	Change
Revenue	$269,505	$141,552	+0.9%
Expenses	$298,531	$128,994	+1.3%
Net Income	$-29,026	$12,558	-3.3%

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

N/A

Volunteers

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
ARENS TED	DIRECTOR	1.00	Director	$0	$0	$0
GIGUERE JERRY	DIRECTOR	1.00	Director	$0	$0	$0
GOLET WALTER	DIRECTOR	1.00	Director	$0	$0	$0
GRONDIN BETTE	DIRECTOR	1.00	Director	$0	$0	$0
HINKLEY JIM	DIRECTOR	1.00	Director	$0	$0	$0
HORTON CHUCK	DIRECTOR	1.00	Director	$0	$0	$0
HORTON CINDY	DIRECTOR	1.00	Director	$0	$0	$0
LABRECQUE ALICE	DIRECTOR	1.00	Director	$0	$0	$0
LABRECQUE PAUL	DIRECTOR	1.00	Director	$0	$0	$0
LESSARD MARY ELLEN	DIRECTOR	1.00	Director	$0	$0	$0
NORTON MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
O'BRIEN MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
RADLEY DONALD	DIRECTOR	1.00	Director	$0	$0	$0
SIRPIS GREG	DIRECTOR	1.00	Director	$0	$0	$0
STODDARD BETSY	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY CHUCK	SECRETARY	1.00	Officer Director	$0	$0	$0
GRONDIN LARRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GRONDIN JR PHILIP	TREASURER	1.00	Officer Director	$0	$0	$0
JANCOVIC MIKE	PRESIDENT	1.00	Officer 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
2018	$269,505	$298,531	$8,813	$-29,026

STURDIVANT ISLAND TUNA TOURNAMENT CHARITABLE FOUNDATION