Mid-Maine Homeless Shelter Inc (EIN 010425115) - 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

1990

Legal Domicile

Principal Officer

Katie Spencer White

Phone

2078728082

Tax Period

2023-01-01 to 2023-12-31

Mid-Maine Homeless Shelter Inc, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

Ending homelessness in Maine, one person, one family, and one child at a time.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,142,177

Program Service Revenue $296,183

Investment Income $59,973

Other Revenue $0

TOTAL REVENUE $2,498,333

Expense Breakdown

Grants Paid $1,067,650

Salaries & Benefits $1,352,860

Fundraising Expenses $184,841

Program Expenses $2,314,815

Other Expenses $451,129

TOTAL EXPENSES $2,871,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,498,333	$2,153,553	+0.2%
Expenses	$2,871,639	$2,661,454	+0.1%
Net Income	$-373,306	$-507,901	-0.3%

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

$132,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marc Sirois	Co-Chair	2.00	Officer Director	$0	$0	$0
D Chris Frauenhofer	Treasurer	2.00	Officer Director	$0	$0	$0
Kelly Rancourt	Co-Chair	2.00	Officer Director	$0	$0	$0
Janelle Gath	Board Member	1.00	Director	$0	$0	$0
Dr Thomas Longstaff	Board Member	1.00	Director	$0	$0	$0
Samantha Burdick	Board Member	1.00	Director	$0	$0	$0
Kate Carlisle	Board Member	1.00	Director	$0	$0	$0
Katie Spencer White	CEO	40.00	Officer	$115,905	$16,171	$132,076

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	No data	No data	No data	No data
2023	$2,498,333	$2,871,639	$5,217,198	$-373,306
2022	$2,153,553	$2,661,454	$5,302,353	$-507,901
2021	$2,758,283	$1,972,452	$5,852,733	$785,831
2020	$1,768,896	$1,661,008	$5,320,510	$107,888
2019	$945,678	$1,094,890	$4,893,390	$-149,212
2018	$851,342	$972,486	$4,861,762	$-121,144

Mid-Maine Homeless Shelter Inc