WORROMONTOGUS LAKE ASSOCIATION (EIN 611613366) - 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

Legal Domicile

Principal Officer

JOSEPH JOLDA

Phone

2075306693

Tax Period

2023-01-01 to 2023-12-31

WORROMONTOGUS LAKE ASSOCIATION is a small nonprofit in the Environment sector that reported $304K in total revenue in fiscal year 2023. Revenue surged 652% from the prior year, signaling strong growth momentum. The organization ran a surplus of $283K, a strong 93% operating margin.

Mission

MISSION STATEMENT: 1. TO PROTECT, CONSERVE AND IMPROVE THE WATERS, LAND, WILDLIFE, FISHERIES AND NAVIGATION OF WORROMONTOGUS LAKE AND STREAM IN THE COUNTY OF KENNEBEC AND THE STATE OF MAINE. 2. TO EDUCATE THE PUBLIC IS THIS REGARD; AND 3. TO PARTICIPATE IN AND CONTRIBUTE TO CHARITABLE ENDEAVORS, THAT AS DETERMINED AND AGREED UPON BY THE MAJORITY OF THE MEMBERSHIP,IMPACT WORROMONTOGUS LAKE AND STREAM OR THE LIVES OF ITS MEMBERS.

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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 $7,356

Program Service Revenue $293,007

Investment Income $3,501

Other Revenue $0

TOTAL REVENUE $303,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,247

Other Expenses $20,723

TOTAL EXPENSES $20,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,864	$40,433	+6.5%
Expenses	$20,723	$7,743	+1.7%
Net Income	$283,141	$32,690	+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

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
JOHN CROWLEY	DIRECTOR	N/A	Director	$0	$0	$0
DENNIS CURTIS	DIRECTOR	N/A	Director	$0	$0	$0
SARAH FLAGG	DIRECTOR	N/A	Director	$0	$0	$0
KEN MCNEILL	DIRECTOR	N/A	Director	$0	$0	$0
PALMER SARGEANT	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD TUFTS	DIRECTOR	N/A	Director	$0	$0	$0
PAT WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH JOLDA	PRESIDENT	0.00	Officer	$0	$0	$0
JACQUELINE LAROCHELLE	SECRETARY	N/A	Officer	$0	$0	$0
DOUGLAS MILLER	VICE PRESIDE	N/A	Officer	$0	$0	$0
CHARLES NEUREUTHER	PRESIDENT	N/A	Officer	$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
2023	$303,864	$20,723	$391,700	$283,141

WORROMONTOGUS LAKE ASSOCIATION