Civic Intelligence

Chebeague Transportation Co

EIN 01-0318796 • 501(c)3 • Chebeague Island, ME

Profile

To provide reliable and safe transportation to chebeague island, me.

PO Box 27Chebeague Island, ME 04017

www.ctcferry.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.48x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.75x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

42nd percentile

0.9%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

37th percentile

-0.2%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-8.1%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,602,937

Down $5,230 (-0.2%) from 2023

Liabilities

Down

$1,253,072

Down $31,655 (-2.5%) from 2023

Net Assets

Up

$1,349,865

Up $26,425 (+2.0%) from 2023

Revenue

Down

$1,666,775

Down $146,063 (-8.1%) from 2023

Expenses

Up

$1,651,069

Up $140,888 (+9.3%) from 2023

Net Income

Down

$15,706

Down $286,951 (-95%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2014: $817,775Liabilities 2014: $250,821Net Assets 2014: $566,9542014Assets 2015: $968,518Liabilities 2015: $307,280Net Assets 2015: $661,2382015Assets 2016: $1,070,422Liabilities 2016: $240,258Net Assets 2016: $830,1642016Assets 2017: $1,276,560Liabilities 2017: $275,774Net Assets 2017: $1,000,7862017Assets 2018: $1,435,082Liabilities 2018: $245,926Net Assets 2018: $1,189,1562018Assets 2019: $2,699,894Liabilities 2019: $1,446,889Net Assets 2019: $1,253,0052019Assets 2020: $2,381,178Liabilities 2020: $1,502,119Net Assets 2020: $879,0592020Assets 2021: $2,544,340Liabilities 2021: $1,346,345Net Assets 2021: $1,197,9952021Assets 2022: $2,328,859Liabilities 2022: $1,315,277Net Assets 2022: $1,013,5822022Assets 2023: $2,608,167Liabilities 2023: $1,284,727Net Assets 2023: $1,323,4402023Assets 2024: $2,602,937Liabilities 2024: $1,253,072Net Assets 2024: $1,349,8652024

Highlighted filing

2024

Assets$2,602,937
Liabilities$1,253,072
Net Assets$1,349,865

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $770,509Expenses 2014: $613,561Net Income 2014: $156,9482014Revenue 2015: $1,125,356Expenses 2015: $1,031,293Net Income 2015: $94,0632015Revenue 2016: $1,171,608Expenses 2016: $1,002,682Net Income 2016: $168,9262016Revenue 2017: $1,187,557Expenses 2017: $1,016,935Net Income 2017: $170,6222017Revenue 2018: $1,238,256Expenses 2018: $1,049,886Net Income 2018: $188,3702018Revenue 2019: $1,238,913Expenses 2019: $1,175,064Net Income 2019: $63,8492019Revenue 2020: $860,482Expenses 2020: $1,234,428Net Income 2020: -$373,9462020Revenue 2021: $1,586,544Expenses 2021: $1,267,608Net Income 2021: $318,9362021Revenue 2022: $1,313,826Expenses 2022: $1,498,239Net Income 2022: -$184,4132022Revenue 2023: $1,812,838Expenses 2023: $1,510,181Net Income 2023: $302,6572023Revenue 2024: $1,666,775Expenses 2024: $1,651,069Net Income 2024: $15,7062024

Highlighted filing

2024

Revenue$1,666,775
Expenses$1,651,069
Net Income$15,706

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 8, 2025
Return Version
2024v5.2
Gross Receipts
$1,980,125
Mission and Program Overview

Mission

To provide reliable and safe transportation to chebeague island, me.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,442,575$1,424,578▼ $17,997
Cash and Non-Interest-Bearing Accounts$799,259$658,310▼ $140,949
Savings and Temporary Cash Investments$320,551$456,098▲ $135,547
Accounts Receivable$24,363$39,145▲ $14,782
Prepaid Expenses and Deferred Charges$5,945$10,308▲ $4,363
Inventories for Sale or Use$8,941$8,403▼ $538
Intangible Assets$6,533$6,095▼ $438
Total Assets$2,608,167$2,602,937▼ $5,230
Liabilities
Mortgage Notes Payable Secured by Investment Property$972,109$867,589▼ $104,520
Deferred Revenue$240,062$252,415▲ $12,353
Accounts Payable and Accrued Expenses$72,556$79,455▲ $6,899
Unsecured Notes Loans Payable-$53,613-
Total Liabilities$1,284,727$1,253,072▼ $31,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,323,440$1,349,865▲ $26,425
Total Net Assets Fund Balance$1,323,440$1,349,865▲ $26,425
Total Liabilities and Net Assets / Fund Balance$2,608,167$2,602,937▼ $5,230

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,153,413$1,404,574$2,557,987
Equipment$59,154$202,066$261,220
Buildings$167,011$30,095$197,106
Land$45,000-$45,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew RidgwayExecutive DirectorFT$104,042$4,500$108,542

Board Members and Trustees

NameTitle
Kendra McKinnonPresident and Clerk
Susan StranahanVice President
Aaron JulienDirector
Donald BuxbaumDirector
Gina RossDirector
Herbert MaineDirector
Lewis HolmanDirector
Michael MakeeDirector
John BirkettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,675
Program Service Revenue
$1,631,265
Investment Income
$26,517
Other Revenue
$318
All Other Contributions
$8,675
Change in Net Assets
$15,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$931,362
Other Expenses$719,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$598,053$130,148-$728,201
Depreciation Depletion$152,584$11,886-$164,470
Current Officers, Directors, Trustees, and Key Employees$87,677$20,865-$108,542
Insurance$75,044$15,265-$90,309
Payroll Taxes$50,557$13,594-$64,151
Interest$31,644$7,760-$39,404
Office Expenses$15,808$21,129-$36,937
Other Employee Benefits$15,098$15,370-$30,468
Other Expenses$10,960$4,411-$15,371
Occupancy$7,892$7,126-$15,018
Information Technology$8,332$4,468-$12,800
Fees for Services Accounting-$11,963-$11,963
Fees for Services Other$3,067$1,253-$4,320
All Other Expenses$3,229$114-$3,343
Travel$3,155$42-$3,197
Total Functional Expenses$1,336,610$314,459$0$1,651,069
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The organization consists of members

Form 990, Part VI, Section A, line 7A

Election of members and their rights members elect between 5 and 13 directors

Form 990, Part VI, Section A, line 7B

Decisions subject to approval of members members vote on major decisions

Form 990, Part VI, Section B, line 11B

Organization's process to review form 990 form 990 is reviewed by the executive director and treasurer with its outside tax return preparer. The return is available for review by any interested party prior to and after filing.

Form 990, Part VI, Section B, line 12C

Enforcement of conflict of interest policy relevant persons are required to annually disclose any conflict of interest or relevant situations that could give rise to conflict of interest.

Form 990, Part VI, Section B, line 15

Compensation process for top official the directors establish compensation of the executive director by using comparable data and deliberations. Compensation of other key employees is recommended to the directors by the executive director. Compensation process for officers compensation of other key employees is recommended by the executive director using comparable data and approved by the directors.

Form 990, Part VI, Section C, line 19

Governing documents disclosure explanation these items are available upon request.

Filing and Contact Details

Filer

Filer Name
Chebeague Transportation Co
EIN
01-0318796
Phone
2078465227
Address
PO BOX 27, CHEBEAGUE ISLAND, ME 04017

Signing Officer

Name
Matthew Ridgway
Title
General Manager
Phone
2078465227
Signed
2025-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Ridgway
Formed
2014
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
38
Volunteers
9

Preparer

Firm
Pgm LLC
Address
319 Main Street, Biddeford, ME 04005
Phone
2074155714
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013594
IRS990/PayrollTaxesGrp/ProgramServicesAmt050557
IRS990/PayrollTaxesGrp/TotalAmt064151
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05945
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010308
IRS990/PrincipalOfficerNm0MATTHEW RIDGWAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0485000
IRS990/ProgramServiceRevenueGrp/BusinessCd1812930
IRS990/ProgramServiceRevenueGrp/BusinessCd2485000
IRS990/ProgramServiceRevenueGrp/BusinessCd3485000
IRS990/ProgramServiceRevenueGrp/BusinessCd4485000
IRS990/ProgramServiceRevenueGrp/Desc0Passenger Fares
IRS990/ProgramServiceRevenueGrp/Desc1Parking Fees
IRS990/ProgramServiceRevenueGrp/Desc2Vehicle Transport Fees
IRS990/ProgramServiceRevenueGrp/Desc3School Contract Fares
IRS990/ProgramServiceRevenueGrp/Desc4Cruise and Charter
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0754041
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1642223
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2165899
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt350024
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt419078
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0754041
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1642223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2165899
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt350024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt419078
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE PARKING FACILITIES ON THE MAINLAND FOR THE CITIZENS OF CHEBEAGUE ISLAND.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0418552
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0642347
IRS990/ProgSrvcAccomActy3Grp/Desc0TO PROVIDE BARGING SERVICES FOR VEHICLES BETWEEN CHEBEAGUE ISLAND AND YARMOUTH (COUSINS ISLAND).
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0111703
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0165932
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0224
IRS990/PYInvestmentIncomeAmt039348
IRS990/PYOtherExpensesAmt0695648
IRS990/PYOtherRevenueAmt0176411
IRS990/PYProgramServiceRevenueAmt01592079
IRS990/PYRevenuesLessExpensesAmt0302657
IRS990/PYSalariesCompEmpBnftPaidAmt0814309
IRS990/PYTotalExpensesAmt01510181
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01812838
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt015706
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0823303
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0320551
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0456098
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt08675
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0181174
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt08200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0345625
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0112305
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0655979
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt026517
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt033848
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01414
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01212
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01650
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt064641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01631265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01592079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01303407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01239707
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0746527
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06512985
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt026517
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt033848
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01414
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01650
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt064641
IRS990ScheduleA/InvestmentIncomeCYPct00.00890
IRS990ScheduleA/InvestmentIncomePYPct00.00600
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0316
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0805
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01121
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99090
IRS990ScheduleA/PublicSupportPY509Pct00.96800
IRS990ScheduleA/PublicSupportTotal509Amt07168964
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01639940
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01773253
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01311607
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01585332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0858832
IRS990ScheduleA/Total509Grp/TotalAmt07168964
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01666773
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01807101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01313826
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01586544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0860482
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07234726
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0167011
IRS990ScheduleD/BuildingsGrp/DepreciationAmt030095
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0197106
IRS990ScheduleD/EquipmentGrp/BookValueAmt059154
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0202066
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0261220
IRS990ScheduleD/LandGrp/BookValueAmt045000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt045000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01153413
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01404574
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02557987
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01424578
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTION OF MEMBERS AND THEIR RIGHTS MEMBERS ELECT BETWEEN 5 AND 13 DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS SUBJECT TO APPROVAL OF MEMBERS MEMBERS VOTE ON MAJOR DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION'S PROCESS TO REVIEW FORM 990 FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER WITH ITS OUTSIDE TAX RETURN PREPARER. THE RETURN IS AVAILABLE FOR REVIEW BY ANY INTERESTED PARTY PRIOR TO AND AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENFORCEMENT OF CONFLICT OF INTEREST POLICY RELEVANT PERSONS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICT OF INTEREST OR RELEVANT SITUATIONS THAT COULD GIVE RISE TO CONFLICT OF INTEREST.

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