KATAHDIN FOUNDATION (EIN 900089252) - 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

2004

Legal Domicile

Principal Officer

LISA B THOMAS

Phone

3234244210

Tax Period

2024-01-01 to 2024-12-31

KATAHDIN FOUNDATION, founded in 2004, is a small nonprofit that reported $687K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 164% operating deficit.

Mission

THE PRIMARY PURPOSE IS TO CREATE HIGH-QUALITY EDUCATIONAL DOCUMENTARY MEDIA PROJECTS WITH THE PURPOSE OF OPENING MINDS, PROVOKING DIALOGUE, AND ENCOURAGING POSITIVE SOCIAL CHANGE; FILM PRODUCTION IS THE KEY ELEMENT TO ATTAINING KATAHDIN FOUNDATION'S MISSION.

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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 $679,802

Program Service Revenue $6,517

Investment Income $251

Other Revenue $0

TOTAL REVENUE $686,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,720

Fundraising Expenses $0

Program Expenses $1,446,067

Other Expenses $1,723,051

TOTAL EXPENSES $1,812,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$686,570	$6,871,076	-0.9%
Expenses	$1,812,771	$6,444,309	-0.7%
Net Income	$-1,126,201	$426,767	-3.6%

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

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA THOMAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA HOFHEIMER	TREASURER	0.50	Officer Director	$0	$0	$0
NANCY SPIELBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRY LAWLER	SECRETARY	0.50	Officer Director	$0	$0	$0
JOLEEN DEATHERAGE	EXECUTIVE DIRECTOR	40.00	Officer	$65,000	$0	$65,000

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	$686,570	$1,812,771	$148,885	$-1,126,201
2023	$6,871,076	$6,444,309	$1,232,088	$426,767
2022	$1,979,388	$1,923,830	$1,122,899	$55,558
2022	$2,485,307	$1,923,830	$1,122,899	$561,477
2021	$1,772,787	$1,829,548	$564,791	$-56,761
2020	$1,401,479	$830,366	$731,289	$571,113
2019	$922,421	$1,249,779	$252,769	$-327,358
2018	$1,668,620	$1,621,020	$378,717	$47,600

KATAHDIN FOUNDATION