BLACK MOUNTAIN OF MAINE ATTN ROGER ARSENAULT (EIN 550831957) - Form 990 Financial Analysis & Trantor Score

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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

1960

Legal Domicile

Principal Officer

ROGER ARSENAULT

Phone

2073648977

Tax Period

2024-05-01 to 2025-04-30

BLACK MOUNTAIN OF MAINE ATTN ROGER ARSENAULT, founded in 1960, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 6% surplus.

Mission

TO PROVIDE SKI FACILITIES AND PROGRAMS TO BENEFIT MAINE RESIDENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $160,366

Program Service Revenue $957,782

Investment Income $0

Other Revenue $446,513

TOTAL REVENUE $1,564,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $776,121

Fundraising Expenses $0

Program Expenses $1,346,159

Other Expenses $691,441

TOTAL EXPENSES $1,467,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,564,661	$1,230,202	+0.3%
Expenses	$1,467,562	$1,513,703	0.0%
Net Income	$97,099	$-283,501	-1.3%

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

141

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

$70,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER ARSENAULT	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE BURKE	TREASURER	3.00	Officer Director	$0	$0	$0
SUSAN ADLEY	SECRETARY	3.00	Officer Director	$0	$0	$0
SHERRY MILLIGAN	TRUSTEE/EVENTS MANAGER	40.00	Director	$70,900	$0	$70,900
PETER EVERETT	TRUSTEE	2.00	Director	$0	$0	$0
JOHN AYLWARD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK BOLDUC PE	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES LEDUC	TRUSTEE	2.00	Director	$0	$0	$0
NORM PELLETIER	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT JONES	TRUSTEE	2.00	Director	$0	$0	$0
JESSE ARCHER	TRUSTEE	2.00	Director	$0	$0	$0
JEFFERY MARCOUX	TRUSTEE	2.00	Director	$0	$0	$0
LEE MCKAY	TRUSTEE	2.00	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	$1,564,661	$1,467,562	$1,533,520	$97,099
2024	$1,230,202	$1,513,703	$1,501,505	$-283,501
2023	$1,296,319	$1,323,993	$1,556,321	$-27,674
2022	$1,123,500	$1,139,706	$1,736,134	$-16,206
2022	$1,123,500	$1,175,966	$1,559,785	$-52,466
2021	$1,005,078	$993,232	$1,680,591	$11,846
2020	$790,536	$916,033	$1,691,082	$-125,497
2019	$823,964	$985,071	$1,821,394	$-161,107

BLACK MOUNTAIN OF MAINE ATTN ROGER ARSENAULT