Peaks Island Fund Inc

EIN: 923794520 501(c)(3) Philanthropy & Grantmaking

Peaks Island, ME

Total Revenue
$138,733
Total Expenses
$143,711
Total Assets
$1,209,217
Net Assets
$1,209,217
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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
2023
Legal Domicile
ME
Principal Officer
Christopher W Jenkins
Phone
6175955434
Tax Period
2024-01-01 to 2024-12-31

Peaks Island Fund Inc, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $139K in total revenue in fiscal year 2024. Revenue surged 2805% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 105 months of operating reserves.

Mission

The activity of the Corportion is to provide funding and support for IRC Section 501 (c)(3) Organizations operating on Peaks Island, 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $104,016
Program Service Revenue $0
Investment Income $34,717
Other Revenue $0
TOTAL REVENUE $138,733

Expense Breakdown

Grants Paid $93,630
Salaries & Benefits $12,000
Fundraising Expenses $10,142
Program Expenses $96,062
Other Expenses $38,081
TOTAL EXPENSES $143,711

Year-over-Year Comparison

2024 2023 Change
Revenue $138,733 $4,775 +28.1%
Expenses $143,711 $136 +1055.7%
Net Income $-4,978 $4,639 -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

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Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
20

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
4
$12,000
Total Directors
15
$12,000
Key Employees
1
$12,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W John Funk President 5.00
Officer Director
$0 $0 $0
Vanessa Sylvester Vice President 2.00
Officer Director
$0 $0 $0
Christopher Jenkins Treasurer 2.00
Officer Director
$0 $0 $0
Perry Sutherland Secretary 10.00
Officer Director Key Emp Highest
$12,000 $0 $12,000
Daniel Goodman Trustee 2.00
Director
$0 $0 $0
Rich Amster Trustee 2.00
Director
$0 $0 $0
Owen Sanderson Trustee 2.00
Director
$0 $0 $0
Cara Dolan Trustee 2.00
Director
$0 $0 $0
Robert Harville Trustee 2.00
Director
$0 $0 $0
Rachel Conly Trustee 2.00
Director
$0 $0 $0
Bryn Roberts Trustee 2.00
Director
$0 $0 $0
Laura Reading Trustee 2.00
Director
$0 $0 $0
Cat Stevenson Trustee 2.00
Director
$0 $0 $0
Anne Coughlin Trustee 2.00
Director
$0 $0 $0
Betsy Cook Trustee 2.00
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 $138,733 $143,711 $1,209,217 $-4,978
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