MID-COAST RECREATION CENTER INC

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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

2008

Legal Domicile

Principal Officer

BARRETT BROWN

Phone

2072369400

Tax Period

2024-01-01 to 2024-12-31

MID-COAST RECREATION CENTER INC, founded in 2008, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 47% operating margin.

Mission

TO PROMOTE HEALTHY LIVING AND BUILD COMMUNITY THROUGH SPORT, RECREATION AND FITNESS.

Program Service Accomplishments

Program 1

Expenses: $376,957 Revenue: $377,895

MRC HAS FOUR FULL USTA REGULATION TENNIS COURTS, THE COURTS ARE AVIALABLE TO PUBLIC USE, AND MRC OFFERS A WIDE RANGE OF INSTRUCTION,TOURNAMENTS, AND DEVELOPMENT PROGRAMS. TENNIS PROGRAMS INCLUDE...

MRC HAS FOUR FULL USTA REGULATION TENNIS COURTS, THE COURTS ARE AVIALABLE TO PUBLIC USE, AND MRC OFFERS A WIDE RANGE OF INSTRUCTION,TOURNAMENTS, AND DEVELOPMENT PROGRAMS. TENNIS PROGRAMS INCLUDE LESSONS FOR CHILDREN AS YOUNG AS FOUR YEARS OLD. THERE IS ALSO A JUNIOR DEVELOPMENT PROGRAM FOR OLDER CHILDREN. THE COURTS ARE USED FOR THE LOCAL HIGH SCHOOL EARLY SEASON PRACTICES AS WELL AS USTA TOURNAMENTS.ADDITIONAL PROGRAMS INCLUDE CLINICS, GROUP LESSONS, HIT GROUPS,PICKLEBALL, AND CHARITABLE TENNIS TOURNAMENTS FOR LOCAL NON-PROFIT ORGANIZATIONS.

Program 2

Expenses: $311,013 Revenue: $448,245

MRC PROVIDES HIGH QUALITY HOCKEY AND LEARN-TO-SKATE PROGRAMS, FIGURE SKAING, OPEN SKATING, AS WELL AS OTHER ICE RINK PROGRAMS AND EVENTS. ALL PROGRAMS OCCUR IN OUR NHL REGULATION-SIZED RINK. MRC...

MRC PROVIDES HIGH QUALITY HOCKEY AND LEARN-TO-SKATE PROGRAMS, FIGURE SKAING, OPEN SKATING, AS WELL AS OTHER ICE RINK PROGRAMS AND EVENTS. ALL PROGRAMS OCCUR IN OUR NHL REGULATION-SIZED RINK. MRC COLLABORATES WITH THE MAINE COAST SKATING ASSOCIATION TO ORGANIZE AND RUN YOUTH HOKCEY INSTRUCTION AND YOUTH HOCKEY TEAMS. MRC ALSO WORKS WITH THE CAMDEN HILLS HIGH SCHOOL HOCKEY TEAM AND THE ICE CATS, A MULTI-TOWN HIGH SCHOOL HOCKEY TEAM, TO PROVIDE A PRACTICE FACILITY AND A VENUE FOR ALL HOME GAMES. THE RINK IS OPEN TO THE PUBLIC FOR OPEN SKATING, AND THERE IS NO MEMBERSHIP FEE TO PARTICIPATE.

Program 3

Expenses: $343,314 Revenue: $314,868

OTHER FITNESS PROGRAMS INCLUDING - PICKLEBALL, GOLF, AND OTHER FITNESS CLASSES.

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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 $1,737,698

Program Service Revenue $1,141,008

Investment Income $8,795

Other Revenue $-14,335

TOTAL REVENUE $2,873,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $829,248

Fundraising Expenses $165,203

Program Expenses $1,031,284

Other Expenses $598,489

TOTAL EXPENSES $1,513,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,873,166	$1,451,523	+1.0%
Expenses	$1,513,737	$1,295,539	+0.2%
Net Income	$1,359,429	$155,984	+7.7%

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

$76,225

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRETT BROWN	PRESIDENT	1.00	Officer Director	$0	$0	$0
GERALD QUIRK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEWIS WHEELWRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH BLIZZARD	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELE ORNE	MEMBER	1.00	Director	$0	$0	$0
TIM ANDERSEN	MEMBER	1.00	Director	$0	$0	$0
KAREN HIGGINS	MEMBER	1.00	Director	$0	$0	$0
VIN CONTENTO	MEMBER	1.00	Director	$0	$0	$0
JOAN PEW	MEMBER	1.00	Director	$0	$0	$0
JESSE RUTTER	MEMBER	1.00	Director	$0	$0	$0
CRAIG WILSON	EXECUTIVE DIRECTOR THRU 9/2024	40.00	Officer	$62,225	$0	$62,225
GRACE CHEN	EXECUTIVE DIRECTOR	40.00	Officer	$14,000	$0	$14,000

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	$2,873,166	$1,513,737	$4,274,186	$1,359,429
2023	$1,451,523	$1,295,539	$2,893,178	$155,984
2022	$1,206,062	$1,165,636	$2,729,113	$40,426
2021	$1,920,712	$931,332	$2,684,436	$989,380
2020	$997,456	$1,042,297	$2,552,188	$-44,841
2019	$1,098,099	$1,119,049	$2,607,044	$-20,950
2018	$1,012,234	$1,166,648	$2,624,232	$-154,414