HERRING GUT COASTAL SCIENCE CENTER (EIN 920902723) - 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

2022

Legal Domicile

Principal Officer

PHILIP CONKLING

Phone

2073728677

Tax Period

2024-07-01 to 2025-06-30

HERRING GUT COASTAL SCIENCE CENTER, founded in 2022, is a small nonprofit in the Environment sector that reported $407K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $502K exceeded revenue, resulting in a 23% operating deficit.

Mission

EDUCATING STUDENTS AND COMMUNITIES ABOUT THE CONNECTIONS BETWEEN THE OCEAN, INLAND WATERS, AND ECONOMY OF MAINE.

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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 $337,561

Program Service Revenue $41,640

Investment Income $8,807

Other Revenue $18,845

TOTAL REVENUE $406,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,150

Fundraising Expenses $77,479

Program Expenses $343,694

Other Expenses $174,375

TOTAL EXPENSES $501,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,853	$598,623	-0.3%
Expenses	$501,525	$520,456	0.0%
Net Income	$-94,672	$78,167	-2.2%

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

Employees

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
SUSAN BAINES	DIRECTOR	0.96	Director	$0	$0	$0
KATHY BARKER	DIRECTOR	0.48	Director	$0	$0	$0
CATHERINE BEVIER	DIRECTOR	0.48	Director	$0	$0	$0
DAVID BRAKKE	VICE CHAIR	2.40	Officer Director	$0	$0	$0
PHILIP CONKLING	CO CHAIR	5.00	Officer Director	$0	$0	$0
MAUREEN CRAGIN	DIRECTOR	0.48	Director	$0	$0	$0
EDWARD FREITAG	CO CHAIR/TRE	0.96	Officer Director	$0	$0	$0
JOLINE GODFREY	DIRECTIOR	1.44	Director	$0	$0	$0
WENDY MAKINS	DIRECTOR	0.58	Director	$0	$0	$0
LORI BETH SCHWARTZ	SECRETARY	0.58	Officer 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	$406,853	$501,525	$1,429,632	$-94,672
2024	$598,623	$520,456	$1,365,171	$78,167
2023	$126,345	$243,081	$1,572,438	$-116,736

HERRING GUT COASTAL SCIENCE CENTER