Saddleback Mountain Foundation

EIN: 820691811 501(c)(3) Recreation & Sports

Cumberland Foreside, ME

Total Revenue
$7
Total Expenses
$2,907
Total Assets
$25,440
Net Assets
$25,440
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
ME
Principal Officer
Wolfe Tone
Phone
2077479998
Tax Period
2024-10-01 to 2025-09-30

Saddleback Mountain Foundation, founded in 2016, is a micro nonprofit in the Recreation & Sports sector that reported $7 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 41429% operating deficit.

Mission

The mission of Saddleback Mountain Foundation is 1) Conserving and protecting Saddleback Mountain in Sandy River Plantation, Franklin County, Maine, an otherwise economically depressed area, through model conservation and economic development programs; 2) Relieving and/or protecting against further community deterioration that the Sandy River Plantation and surrounding areas have experienced related to the closure of Saddleback Mountain; 3) Investing, lending, donating, granting, participating in, or otherwise contributing to partnerships, joint ventures, corporations, other business entities, nonprofits, governments, or quasi-governmental organizations to facilitate re-opening, and therafter the continued operation of Saddleback Mountain; and 4) Developing and/or otherwise contributing to ski programs primarily for the advancement of participation in the sport by youth and/or low to moderate income individuals.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $7
Other Revenue $0
TOTAL REVENUE $7

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,312
Other Expenses $2,907
TOTAL EXPENSES $2,907

Year-over-Year Comparison

2024 2023 Change
Revenue $7 $2,008 -1.0%
Expenses $2,907 $3,407 -0.1%
Net Income $-2,900 $-1,399 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wolfe Tone President 0.75
Officer Director
$0 $0 $0
Carol Millhouse Secretary/Treasurer 0.75
Officer Director
$0 $0 $0
John Wasileski Director 0.50
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
2025 $7 $2,907 $25,440 $-2,900
2024 $2,008 $3,407 $28,340 $-1,399
2023 $6 $2,813 $29,739 $-2,807
2022 $3 $3,443 $32,546 $-3,440
2021 $30,634 $9,981 $35,986 $20,653
2020 $2,547,701 $2,535,253 $15,333 $12,448
2019 No data $6,943 $2,759 No data
2018 No data $93,262 $2,992 No data
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