United Way Inc (EIN 010241767) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1929

Legal Domicile

Principal Officer

Dan Coyne

Phone

2078741000

Tax Period

2023-07-01 to 2024-06-30

United Way Inc is a 501(c)(3) with EIN 010241767, based in Portland, ME. Founded in 1929, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $9,538,507 in total revenue and $12,941,051 in total expenses, with net assets of $16,234,793.

Mission

Improving lives by focusing on the building blocks of a strong community: education, financial stability, and health.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,876,231

Program Service Revenue $216,917

Investment Income $445,359

Other Revenue $0

TOTAL REVENUE $9,538,507

Expense Breakdown

Grants Paid $7,571,072

Salaries & Benefits $4,002,644

Fundraising Expenses $1,213,578

Program Expenses $10,353,797

Other Expenses $1,367,335

TOTAL EXPENSES $12,941,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,538,507	$12,277,892	-0.2%
Expenses	$12,941,051	$13,922,816	-0.1%
Net Income	$-3,402,544	$-1,644,924	+1.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

2498

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

$381,214

Total Directors

$206,135

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Cesca	Chair	1.00	Officer Director	$0	$0	$0
Michael Bourque	Vice Chair	1.00	Officer Director	$0	$0	$0
Kierston Van Soest	Treasurer	1.00	Officer Director	$0	$0	$0
Elizabeth Cotter Schlax	Secretary/President/CEO	40.00	Officer Director	$192,862	$13,273	$206,135
Ahmed Abdirahman	Director	1.00	Director	$0	$0	$0
Brian Ballute	Director	1.00	Director	$0	$0	$0
Abusana Micky Bondo	Director	1.00	Director	$0	$0	$0
Xavier Botana	Director	1.00	Director	$0	$0	$0
Nathan Cadorette	Director	1.00	Director	$0	$0	$0
Dora Clements	Director	1.00	Director	$0	$0	$0
Dudley Davis PhD	Director	1.00	Director	$0	$0	$0
Dan Eagleson	Director	1.00	Director	$0	$0	$0
Karen Garnett	Director	1.00	Director	$0	$0	$0
Diane Garofalo	Director	1.00	Director	$0	$0	$0
Idella Glenn PhD	Director	1.00	Director	$0	$0	$0
Caitlin Grant	Director	1.00	Director	$0	$0	$0
Quincy Hentzel	Director	1.00	Director	$0	$0	$0
Thomas Hussey	Director	1.00	Director	$0	$0	$0
Robin LaBonte	Director	1.00	Director	$0	$0	$0
Nicole Devoe Lewis	Director	1.00	Director	$0	$0	$0
Jennifer McCarthy	Director	1.00	Director	$0	$0	$0
Luc Nya	Director	1.00	Director	$0	$0	$0
Hilary Rapkin	Director	1.00	Director	$0	$0	$0
Meredith Rousseau	Director	1.00	Director	$0	$0	$0
Esi Seng	Director	1.00	Director	$0	$0	$0
Diane Small	Director	1.00	Director	$0	$0	$0
Jennifer Stauffis	Director	1.00	Director	$0	$0	$0
Sharon Underberg	Director	1.00	Director	$0	$0	$0
Lorelei Richey	Past Director	1.00	Director	$0	$0	$0
Dan Coyne	SVP, Community Impact & Governance	40.00	Officer	$150,460	$24,619	$175,079
Kristin Chase Duffy	SVP, Technology & Communication	40.00	Highest	$132,687	$11,681	$144,368
Cameron Peden	SVP, Resource Development and People	40.00	Highest	$105,153	$28,877	$134,030

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	$9,538,507	$12,941,051	$20,211,678	$-3,402,544
2023	$12,277,892	$13,922,816	$22,491,063	$-1,644,924
2022	$13,282,477	$10,550,047	$21,043,682	$2,732,430
2021	$9,363,699	$9,655,457	$19,637,248	$-291,758
2020	$9,606,119	$9,841,376	$17,437,834	$-235,257
2019	$8,763,527	$9,417,713	$19,226,817	$-654,186
2018	$11,269,460	$9,318,502	$19,900,385	$1,950,958

United Way Inc