KENNEBUNKPORT HERITAGE HOUSING TRUST (EIN 832830911) - 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

2018

Legal Domicile

Principal Officer

Thomas McClain

Phone

2074322541

Tax Period

2023-01-01 to 2023-12-31

KENNEBUNKPORT HERITAGE HOUSING TRUST, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $204K in total revenue in fiscal year 2023. Revenue surged 127% from the prior year, signaling strong growth momentum. Expenses of $175K left a modest 14% surplus.

Mission

To provide and maintain affordable housing in Kennebunkport

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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 $203,604

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $203,604

Expense Breakdown

Grants Paid $37,000

Salaries & Benefits $105,736

Fundraising Expenses $20,847

Program Expenses $38,771

Other Expenses $32,034

TOTAL EXPENSES $174,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,604	$89,761	+1.3%
Expenses	$174,770	$106,418	+0.6%
Net Income	$28,834	$-16,657	-2.7%

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

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larissa Crockett	Executive Director (non-voting)	40	Director Highest	$75,000	$0	$75,000
Julie Grady	President and Director	10.00	Officer Director	$0	$0	$0
Pat Clancey	Vice President and Director	10	Officer Director	$0	$0	$0
Thomas McClain	Secretary and Director	10	Officer Director	$0	$0	$0
David Kling	Treasurer and Director	10.00	Officer Director	$0	$0	$0
Leah Adams	Director	10	Director	$0	$0	$0
Patrick Briggs	Director	10.00	Director	$0	$0	$0
Tom Myatt	Director	10	Director	$0	$0	$0
Stephanie Schafer	Director	10	Director	$0	$0	$0
Randall Simon	Director	10	Director	$0	$0	$0
John Dyksta	Director (non-voting)	5	Director	$0	$0	$0
Laurie Smith	Director (non-voting)	5	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
2023	$203,604	$174,770	$58,845	$28,834
2021	$303,075	$292,400	$46,668	$10,675

KENNEBUNKPORT HERITAGE HOUSING TRUST