TOWN OF MOUNT DESERT COMMUNITY DEVELOPMENT CORPORATION (EIN 821187380) - 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

2017

Principal Officer

NANCY HO

Phone

2078015687

Tax Period

2024-01-01 to 2024-12-31

TOWN OF MOUNT DESERT COMMUNITY DEVELOPMENT CORPORATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $429K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $522K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION SHALL INCLUDE PROMOTION OF THE HEALTH AND WELL BEING THE RESIDENTS OF THE TOWN OF MT DESERT THROUGH PUBLIC INFRASTRUCTURE IMPROVEMENTS, HISTORIC PRESERVATION AND COMMUNITY BEAUTIFICATION EFFORTS, AND OTHER ACTIVITIES THAT FOSTER A HEALTHLY AND SUSTAINABLE YEAR ROUND COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $424,962

Program Service Revenue $0

Investment Income $4,190

Other Revenue $0

TOTAL REVENUE $429,152

Expense Breakdown

Grants Paid $520,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $521,016

Other Expenses $2,371

TOTAL EXPENSES $522,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,152	$299,340	+0.4%
Expenses	$522,371	$18,336	+27.5%
Net Income	$-93,219	$281,004	-1.3%

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

N/A

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
NANCY HO	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD GRAVES	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES G BLAINE	ASSISTANT TR	2.00	Officer Director	$0	$0	$0
MATTHEW HART	DIRECTOR	1.00	Director	$0	$0	$0
KERRI SANDS	TREASURER	3.00	Officer Director	$0	$0	$0
MARTHA T DUDMAN	DIRECTOR	1.00	Director	$0	$0	$0
DURLIN LUNT	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	$429,152	$522,371	$242,805	$-93,219
2023	$299,340	$18,336	$336,024	$281,004

TOWN OF MOUNT DESERT COMMUNITY DEVELOPMENT CORPORATION