Atlantic Challenge USA

EIN: 833459645 501(c)(3) Recreation & Sports

Belfast, ME

Total Revenue
$259,933
Total Expenses
$220,421
Total Assets
$94,940
Net Assets
$94,940
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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
2019
Legal Domicile
RI
Phone
2085148055
Tax Period
2023-11-01 to 2024-10-31

Atlantic Challenge USA, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $260K in total revenue in fiscal year 2023. The organization ran a surplus of $40K, a strong 15% operating margin.

Mission

Atlantic Challenge USA provides experiences for personal development, youth empowerment, local and international community building, seamanship skills and connection to maritime heritage through rowing and sailing traditional boats.

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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 $157,770
Program Service Revenue $87,774
Investment Income $0
Other Revenue $14,389
TOTAL REVENUE $259,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,178
Fundraising Expenses $0
Program Expenses $186,849
Other Expenses $175,243
TOTAL EXPENSES $220,421

Year-over-Year Comparison

2023 2022 Change
Revenue $259,933 N/A N/A
Expenses $220,421 N/A N/A
Net Income $39,512 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
N/A
Employees
1
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
1
$36,250
Total Directors
4
$7,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Arista Holden Executive Dir. 40.00
Officer
$36,250 $0 $36,250
Erin Ferree President 5.00
Director
$7,500 $0 $7,500
Mary Evans Director 5.00
Director
$0 $0 $0
Laura Boehm Secretary 10.00
Director
$0 $0 $0
Christopher Rheault Director 5.00
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 $259,933 $220,421 $94,940 $39,512
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