Peaks Island, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
The activity of the Organization is to provide funding and support for IRC Section 501 (c)(3) Organizations operating on Peaks Island, Maine
The Activity of the Corporation is to provide funding and support for IRC Section 501 (c)(3) organizations operating on Peaks Island Maine 2024 was the Organizations first year of operations after...
The Activity of the Corporation is to provide funding and support for IRC Section 501 (c)(3) organizations operating on Peaks Island Maine 2024 was the Organizations first year of operations after seperating from the Maine Community Foundation. The Maine Community Foundation transferred over approximately $1,145,566 to the Organization January 1, 2024. The Organization raised $89,986 from donations.Consistent with Fiduciary principles, the Organization made available 4% of the fund for Grant grant making purposes. The Organization incurred expenses of $143,711 payment of Grants of $93,630. These grants were made to 12 different island organizations. See 4b and 4c for a discussion of 2 of the grants In addition to providing Grants the Organization is helping Island Organizations grow their fundraising capabilities by educating them on the ability to leverage mailing lists and connecting different organizations to leverage graphic and design capabilities.
The Organizations Support of the Peaks Island Newspaper lead to the creation of the Newspaper in 2023 with a Grant of 10,000. This initial Grant allowed a trial version of the paper to be published...
The Organizations Support of the Peaks Island Newspaper lead to the creation of the Newspaper in 2023 with a Grant of 10,000. This initial Grant allowed a trial version of the paper to be published. In 2024 with continuing support of a further $18,000 the Newspaper has been able to expand to a monthly puplication. The Paper now mails a copy to every household on the Island.
The Peaks Island Childrens Workshop has been nuturing the Children of Peaks for more than 50 Years. The Workshop is critical in making the Island viable to young families. The Organization has...
The Peaks Island Childrens Workshop has been nuturing the Children of Peaks for more than 50 Years. The Workshop is critical in making the Island viable to young families. The Organization has supported the Workshop with a full grant of $10,000 per year providing critically needed support.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $138,733 | $4,775 | +28.1% |
| Expenses | $143,711 | $136 | +1055.7% |
| Net Income | $-4,978 | $4,639 | -2.1% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $138,733 | $143,711 | $1,209,217 | $-4,978 |
Compare Peaks Island Fund Inc with other nonprofits in Maine and across the country.