MAIN STREET SKOWHEGAN (EIN 841714173) - 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

2008

Legal Domicile

Principal Officer

MICHAEL DUBOIS

Phone

2076122571

Tax Period

2023-01-01 to 2023-12-31

MAIN STREET SKOWHEGAN, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $798K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $881K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO CELEBRATE SKOWHEGAN'S RICH HERITAGE WHILE ACHIEVING THE BRIGHTEST FUTURE AS A THRIVING ECONOMIC, CULTURAL, AND RECREATIONAL COMMUNITY WHERE RESIDENTS ENJOY A HIGH QUALITY OF LIFE.

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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 $676,526

Program Service Revenue $103,244

Investment Income $8,440

Other Revenue $9,376

TOTAL REVENUE $797,586

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $376,636

Fundraising Expenses $104,230

Program Expenses $640,532

Other Expenses $499,029

TOTAL EXPENSES $880,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$797,586	$963,760	-0.2%
Expenses	$880,665	$836,164	+0.1%
Net Income	$-83,079	$127,596	-1.7%

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

219

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

$81,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT DUBOIS	CHAIR	5.00	Officer Director	$0	$0	$0
BRANDI MEISNER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MIKE DUBOIS	TREASURER	2.00	Officer Director	$0	$0	$0
LISA CASWELL	DIRECTOR	1.00	Director	$0	$0	$0
MARGI JOHNSTON-BROWNE	DIRECTOR	1.00	Director	$0	$0	$0
FAWN WENTWORTH	DIRECTOR	1.00	Director	$0	$0	$0
LISA LANDRY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK DORE	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA BURDICK	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN POWERS	DIRECTOR	1.00	Director	$0	$0	$0
DARRYLL WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MACKENZIE CAYFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOE ALMAND	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MERRILL	SECRETARY	2.00	Officer Director	$0	$0	$0
KRISTINA CANNON	PRESIDENT & CEO	40.00	Officer	$77,250	$4,346	$81,596

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	No data	No data	No data	No data
2023	$797,586	$880,665	$450,798	$-83,079
2022	$963,760	$836,164	$521,698	$127,596
2021	$771,437	$770,650	$357,285	$787
2020	$407,255	$332,116	$331,489	$75,139
2019	$553,968	$455,861	$257,435	$98,107
2018	$500,352	$454,996	$146,209	$45,356

MAIN STREET SKOWHEGAN