Harpswell News (EIN 862537658) - 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

2021

Legal Domicile

Phone

7702657729

Tax Period

2024-01-01 to 2024-12-31

Harpswell News, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $487K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $430K left a modest 12% surplus.

Mission

To publish a monthly newspaper covering topics of interest to the local Harpswell, ME 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 $478,835

Program Service Revenue $0

Investment Income $7,789

Other Revenue $0

TOTAL REVENUE $486,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,657

Fundraising Expenses $0

Program Expenses $364,179

Other Expenses $145,127

TOTAL EXPENSES $429,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$486,624	$399,112	+0.2%
Expenses	$429,784	$329,467	+0.3%
Net Income	$56,840	$69,645	-0.2%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Greg Bestick	President	Officer Director	$0	$0	$0
Doug Warren	Vice President	Officer Director	$0	$0	$0
Deidre Strachan	Secretary	Officer Director	$0	$0	$0
Kate Willeford	Treasurer	Officer Director	$0	$0	$0
John Boomer	Director	Director	$0	$0	$0
Robin Casey	Director	Director	$0	$0	$0
Connie Sage Conner	Director	Director	$0	$0	$0
Richard Moseley	Director	Director	$0	$0	$0
Erin O'Mara	Director	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
2025	No data	No data	No data	No data
2024	$486,624	$429,784	$409,668	$56,840
2023	$399,112	$329,467	$351,196	$69,645
2022	$388,910	$256,970	$285,389	$131,940
2021	$297,109	$143,659	$153,450	$153,450

Harpswell News