Islesboro Community Center (EIN 600001118) - 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

2001

Legal Domicile

Principal Officer

Philip Ladd

Phone

2077348200

Tax Period

2023-01-01 to 2023-12-31

Islesboro Community Center, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $318K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $415K exceeded revenue, resulting in a 31% operating deficit.

Mission

The ICC supports and nurtures our island community by fostering health, wellness, enrichment, and social interaction for all ages.

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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 (2023)

Revenue Breakdown

Contributions & Grants $220,228

Program Service Revenue $32,196

Investment Income $5,672

Other Revenue $59,814

TOTAL REVENUE $317,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,473

Fundraising Expenses $1,725

Program Expenses $172,180

Other Expenses $312,429

TOTAL EXPENSES $414,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,910	$290,497	+0.1%
Expenses	$414,902	$370,691	+0.1%
Net Income	$-96,992	$-80,194	+0.2%

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

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

$44,193

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sara Babbidge	Executive Dir.	40.00	Director	$39,577	$0	$39,577
Candice Provey	Executive Dir.	40.00	Director	$4,616	$0	$4,616
Abby Wilder	Board Member	0.50	Director	$0	$0	$0
Philip Ladd	Treasurer	1.00	Officer Director	$0	$0	$0
William Thomas	Board Member	0.50	Director	$0	$0	$0
Elaine Fiske	Development	1.00	Director	$0	$0	$0
Emma Bleasdale	Board Member	0.50	Director	$0	$0	$0
Virginia Hess	Board Member	0.50	Director	$0	$0	$0
Valerie Slater	Board Member	0.50	Director	$0	$0	$0
James Weiss	Board Member	0.50	Director	$0	$0	$0
Lesley Glotzl	Board Member	0.50	Director	$0	$0	$0
John Rex-Waller	Chairman	2.00	Officer Director	$0	$0	$0
John King	Secretary	0.50	Officer Director	$0	$0	$0
Kristen Bird	Board Member	0.50	Director	$0	$0	$0
Massie Ritsch	Board Member	0.50	Director	$0	$0	$0
Inga Stenta	Board Member	0.50	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
2024	No data	No data	No data	No data
2023	$317,910	$414,902	$3,388,091	$-96,992
2022	$290,497	$370,691	$3,454,772	$-80,194
2021	$367,314	$380,885	$3,554,748	$-13,571
2020	$307,415	$379,849	$3,564,423	$-72,434
2019	$285,963	$331,328	$3,598,694	$-45,365
2018	$248,349	$309,019	$3,636,574	$-60,670

Islesboro Community Center