Hogfish Maine (EIN 843984774) - 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

2019

Legal Domicile

Principal Officer

Edwin Cahill

Phone

2072001339

Tax Period

2024-01-01 to 2024-12-31

Hogfish Maine, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $341K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $375K exceeded revenue, resulting in a 10% operating deficit.

Mission

To build an artistic sanctuary and body of work to restore a healthier balance with our planet.

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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 $280,511

Program Service Revenue $60,417

Investment Income $0

Other Revenue $0

TOTAL REVENUE $340,928

Expense Breakdown

Grants Paid $32,030

Salaries & Benefits $25,698

Fundraising Expenses $0

Program Expenses $301,307

Other Expenses $317,733

TOTAL EXPENSES $375,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,928	$238,056	+0.4%
Expenses	$375,461	$295,738	+0.3%
Net Income	$-34,533	$-57,682	-0.4%

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

$25,698

Total Directors

$22,128

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edwin Cahill	President/Treasurer	1.00	Officer Director	$0	$11,064	$11,064
Matthew Cahill	Vice President	1.00	Officer Director	$0	$11,064	$11,064
Gavrila Brotz	Director	1.00	Director	$0	$0	$0
Sarah Goodwin	Executive Director	1.00	Officer	$0	$3,570	$3,570

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	$340,928	$375,461	$35,838	$-34,533
2023	$238,056	$295,738	$70,370	$-57,682

Hogfish Maine