EASTERN SLOPE AIRPORT AUTHORITY

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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

1960

Legal Domicile

Principal Officer

DON THIBODEAU

Phone

2079354440

Tax Period

2023-01-01 to 2023-12-31

EASTERN SLOPE AIRPORT AUTHORITY, founded in 1960, is a small nonprofit in the Public & Societal Benefit sector that reported $444K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $411K left a modest 7% surplus.

Mission

RURAL, REGIONAL AIRPORT.

Program Service Accomplishments

Program 1

Expenses: $333,545 Revenue: $327,331

THE ORGANIZATION MANAGES AND OPERATES THE FRYEBURG AIRPORT IN FRYEBURG, MAINE IN ORDER TO SERVE THE LOCAL COMMUNITY AND ECONOMY OF OXFORD COUNTY, MAINE AND CARROLL COUNTY, NEW HAMPSHIRE.

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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 $116,791

Program Service Revenue $144,386

Investment Income $144

Other Revenue $182,945

TOTAL REVENUE $444,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,012

Fundraising Expenses $0

Program Expenses $333,545

Other Expenses $336,241

TOTAL EXPENSES $411,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444,266	$1,335,648	-0.7%
Expenses	$411,253	$506,020	-0.2%
Net Income	$33,013	$829,628	-1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON THIBODEAU	PRESIDENT	3.00	Officer Director	$0	$0	$0
GENE BERGOFFEN	TREASURER	3.00	Officer Director	$0	$0	$0
CARL THIBODEAU	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RON BRIGGS	SECRETARY	3.00	Officer Director	$0	$0	$0
ELBRIDGE RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE STEINER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SORENSEN	DIRECTOR	1.00	Director	$0	$0	$0
FRED PACKARD	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MELTZER	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	$444,266	$411,253	$3,136,568	$33,013
2022	$1,335,648	$506,020	$3,122,638	$829,628
2021	$1,423,798	$197,472	$2,768,898	$1,226,326
2020	$461,594	$195,238	$579,604	$266,356
2019	$189,366	$240,663	$321,604	$-51,297
2018	$206,787	$266,379	$452,373	$-59,592