MOOSEHEAD LAKE REGION ECONOMIC DEVELOPMENT CORP (EIN 800964365) - 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

2014

Legal Domicile

Principal Officer

MARGARITA CONTRENI

Phone

2078419955

Tax Period

2023-01-01 to 2023-12-31

MOOSEHEAD LAKE REGION ECONOMIC DEVELOPMENT CORP, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $189K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 54% operating margin.

Mission

THE PROMOTION OF THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC IN AND AROUND MOOSEHEAD LAKE, MAINE, THROUGH THE PROMOTION OF ECONOMIC DEVELOPMENT, FOSTERING ECONOMIC GROWTH AND FACILITATING JOB CREATION IN THE REGION.

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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 $31,108

Program Service Revenue $20,896

Investment Income $137,089

Other Revenue $100

TOTAL REVENUE $189,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,096

Other Expenses $87,009

TOTAL EXPENSES $87,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,193	$116,717	+0.6%
Expenses	$87,009	$112,164	-0.2%
Net Income	$102,184	$4,553	+21.4%

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

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
EUGENE MURRAY	TREASURER	1.00	Officer Director	$0	$0	$0
KARIN TILBERG	DIRECTOR	1.00	Director	$0	$0	$0
MARGARITA CONTRENI	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG WATT	DIRECTOR	1.00	Director	$0	$0	$0
TELFORD ALLEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN MCAFEE	DIRECTOR	1.00	Director	$0	$0	$0
WOODY BARTLEY	DIRECTOR	1.00	Director	$0	$0	$0
DREW COTA	DIRECTOR	1.00	Director	$0	$0	$0
MELODY ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FORD	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNY WARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MARK TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MIKE THERIAULT	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER AUCOIN	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
2024	No data	No data	No data	No data
2023	$189,193	$87,009	$1,778,968	$102,184
2022	$116,717	$112,164	$1,693,942	$4,553
2021	$276,314	$125,754	$1,863,479	$150,560
2020	$1,105,676	$95,651	$1,605,886	$1,010,025
2019	$265,824	$186,107	$541,591	$79,717
2018	$177,382	$188,830	$333,003	$-11,448

MOOSEHEAD LAKE REGION ECONOMIC DEVELOPMENT CORP