AROOSTOOK ENERGY ASSOCIATION SHAWN LOVLEY

EIN: 821156959 Community Improvement

PRESQUE ISLE, ME

Total Revenue
$388,845
Total Expenses
$34,756
Total Assets
$371,559
Net Assets
$371,559
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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
2017
Principal Officer
SHAWN LOVLEY
Phone
2073166692
Tax Period
2024-01-01 to 2024-12-31

AROOSTOOK ENERGY ASSOCIATION SHAWN LOVLEY, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $389K in total revenue in fiscal year 2024. The organization ran a surplus of $354K, a strong 91% operating margin.

Mission

TO ENGAGE AND COLLABORATE WITH ENERGY PROVIDERS, CREATING RELATIONSHIPS THAT PROVIDE SUSTAINABLE COSTS TO OUR MEMBERSHIP AND THE GREATER REGION.

Program Service Accomplishments

Program 1

TO PROVIDE SUSTAINABLE ENERGY COSTS TO MEMBERSHIP AND THE GREATER 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,985
Investment Income $128
Other Revenue $376,732
TOTAL REVENUE $388,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $34,756
TOTAL EXPENSES $34,756

Year-over-Year Comparison

2024 2023 Change
Revenue $388,845 N/A N/A
Expenses $34,756 N/A N/A
Net Income $354,089 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
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
MATT BELL DIRECTOR 1.00
Director
$0 $0 $0
JASON DROLET DIRECTOR 1.00
Director
$0 $0 $0
MADISON SOTOMAYER DIRECTOR 1.00
Director
$0 $0 $0
SHAWN LOVLEY PRESIDENT 1.00
Officer
$0 $0 $0
JOSH PHILBROOK VICE PRESIDE 1.00
Officer
$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 $388,845 $34,756 $371,559 $354,089
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