MEMPHREMAGOG COMMUNITY MARITIME INC (EIN 811909557) - 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

2016

Principal Officer

DAVID CONVERSE

Phone

8026734893

Tax Period

2023-01-01 to 2023-12-31

MEMPHREMAGOG COMMUNITY MARITIME INC, founded in 2016, is a small nonprofit in the Environment sector that reported $224K in total revenue in fiscal year 2023. Expenses of $266K exceeded revenue, resulting in a 19% operating deficit.

Mission

PRIMARY PURPOSE IS TO PROVIDE LAKE-BASED EDUCATION, MARITIME HISTORY, AND OPPORTUNITIES FOR STEWARDSHIP OF LAKE MEMPHREMAGOG THROUGH HANDS-ON PROGRAMS FOR STUDENTS, TEACHERS, LOCAL COMMUNITY ORGANIZATIONS, TOURISTS AND VISITORS TO OUR AREA. PROGRAMS TO BE DESIGNED TO DELIVER A UNIQUE CROSS-BORDER CREATIVE LEARNING ENVIRONMENT AND CURRICULUM SERVING STUDENTS OF ALL AGES TO LEARN ABOUT THE LAKE'S ECOLOGY, MARITIME HISTORY, AND RICH INTERNATIONAL INDIAN CULTURE.

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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 $62,089

Program Service Revenue $103,688

Investment Income $0

Other Revenue $58,129

TOTAL REVENUE $223,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,879

Fundraising Expenses $0

Program Expenses $208,061

Other Expenses $164,404

TOTAL EXPENSES $266,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,906	$218,210	+0.0%
Expenses	$266,283	$201,786	+0.3%
Net Income	$-42,377	$16,424	-3.6%

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
TOM AMON	DIRECTOR	3.00	Director	$0	$0	$0
BEVIN BARBER-CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CONVERSE	PRESIDENT	10.00	Officer Director	$0	$0	$0
KATHRYN CONVERSE	SECRETARY	10.00	Officer Director	$0	$0	$0
DOUGLAS COUTTS	DIRECTOR	3.00	Director	$0	$0	$0
JERRY DIAMOND	DIRECTOR	1.00	Director	$0	$0	$0
DAN GAUVIN	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
MARK J HAYES III	TREASURER	10.00	Officer Director	$0	$0	$0
FELICIA UPDYKE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY WALL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WINICK	DIRECTOR (HO	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	$223,906	$266,283	$343,024	$-42,377
2022	$218,210	$201,786	$331,590	$16,424
2021	$313,646	$311,622	$325,624	$2,024

MEMPHREMAGOG COMMUNITY MARITIME INC