PRESQUE ISLE COMMUNITY RECREATION … - Form 990 Financial Data

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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

Principal Officer

GENE CRONIN

Phone

2077642545

Tax Period

2024-01-01 to 2024-12-31

PRESQUE ISLE COMMUNITY RECREATION ASSOCIATION INC, founded in 2021, is a micro nonprofit in the Recreation & Sports sector that reported $63K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 80% operating deficit.

Mission

THE PRESQUE ISLE COMMUNITY RECREATION ASSOCIATION PROMOTED HEALTHY OUTDOOR RECREATION AND ECONOMIC VITALITY IN CENTRAL AROOSTOOK COUNTY BY PROVIDING FIRST-CLASS FACILITIES AND PROGRAMS TO AREA RESIDENTS, ATHELETES, AND VISITORS.

Program Service Accomplishments

Program 1

Expenses: $110,120 Revenue: $4,731

PROVIDE FACILITIES, COACHING AND SUPPORT FOR THE TRAINING AND DEVELOPMENT OF AMATEUR ATHLETES SEEKING TO ENGAGE IN, AND FOR THE GENERAL PROMOTION OF WINTER SPORTS WITH AN EMPHASIS ON NORDIC SKIING...

PROVIDE FACILITIES, COACHING AND SUPPORT FOR THE TRAINING AND DEVELOPMENT OF AMATEUR ATHLETES SEEKING TO ENGAGE IN, AND FOR THE GENERAL PROMOTION OF WINTER SPORTS WITH AN EMPHASIS ON NORDIC SKIING AND THE BIATHLON.

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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 $57,950

Program Service Revenue $4,731

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,759

Program Expenses $110,120

Other Expenses $112,879

TOTAL EXPENSES $112,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,681	$162,435	-0.6%
Expenses	$112,879	$114,779	0.0%
Net Income	$-50,198	$47,656	-2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE CRONIN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEVIN SIPE	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
LAURA SMITH	BOARD MEMBER	1.00	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	$62,681	$112,879	$32,371	$-50,198
2023	$162,435	$114,779	$82,570	$47,656
2022	$105,187	$70,274	$35,414	$34,913

PRESQUE ISLE COMMUNITY RECREATION ASSOCIATION INC