SPIRITS PLACE

EIN: 813745009 501(c)(3) Animal-Related

NEWPORT, ME

Total Revenue
$233,337
Total Expenses
$186,701
Total Assets
$65,121
Net Assets
$65,121
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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
LEE PALMER
Phone
2074169034
Tax Period
2023-01-01 to 2023-12-31

SPIRITS PLACE, founded in 2016, is a small nonprofit in the Animal-Related sector that reported $233K in total revenue in fiscal year 2023. The organization ran a surplus of $47K, a strong 20% operating margin.

Mission

ANIMAL WELFARE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $214,505
Program Service Revenue $18,832
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,337

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $186,701
Other Expenses $186,701
TOTAL EXPENSES $186,701

Year-over-Year Comparison

2023 2022 Change
Revenue $233,337 N/A N/A
Expenses $186,701 N/A N/A
Net Income $46,636 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
22

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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH BREAULT DIRECTOR 15.00
Director
$0 $0 $0
MARY HATFIELD DIRECTOR 0.25
Director
$0 $0 $0
GERALD NESSMANN DIRECTOR 0.25
Director
$0 $0 $0
LEE PALMER PRESIDENT 90.00
Officer Director
$0 $0 $0
RORY ROUTHIER DIRECTOR 20.00
Director
$0 $0 $0
TINA SANTOS DIRECTOR 0.25
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 $233,337 $186,701 $65,121 $46,636
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