GARDNER COMMONS DEVELOPMENT (EIN 550913379) - 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

2006

Legal Domicile

Principal Officer

DOUG DOANE

Phone

2079476795

Tax Period

2024-07-01 to 2025-06-30

GARDNER COMMONS DEVELOPMENT, founded in 2006, is a small nonprofit in the Crime & Legal sector that reported $325K in total revenue in fiscal year 2024. Expenses of $414K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO OPERATE A 26 UNIT ELDERLY LOW INCOME HOUSING DEVELOPMENT IN BUCKSPORT, MAINE, WHICH PROVIDES DECENT, SAFE AND SANITARY HOUSING.

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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 $0

Program Service Revenue $324,108

Investment Income $1,239

Other Revenue $0

TOTAL REVENUE $325,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,825

Other Expenses $413,550

TOTAL EXPENSES $413,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,347	$305,849	+0.1%
Expenses	$413,550	$384,619	+0.1%
Net Income	$-88,203	$-78,770	+0.1%

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

Governance

Voting Members

Independent Members

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
DOUG DOANE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
LIZ HUGGINS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LESSARD	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MINOTT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAM PINAULT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE RHODES	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	$325,347	$413,550	$2,691,383	$-88,203
2024	$305,849	$384,619	$2,766,724	$-78,770
2023	$292,052	$381,554	$2,823,861	$-89,502
2022	$254,145	$353,756	$2,927,063	$-99,611
2021	$250,418	$351,237	$3,005,831	$-100,819
2020	$251,545	$337,805	$3,121,830	$-86,260
2019	$239,538	$327,932	$3,211,748	$-88,394

GARDNER COMMONS DEVELOPMENT