MAINE WOMENS FUND

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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

1988

Legal Domicile

Phone

2074000597

Tax Period

2021-01-01 to 2021-12-31

MAINE WOMENS FUND, founded in 1988, is a small nonprofit that reported $462K in total revenue in fiscal year 2021. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $428K left a modest 7% surplus.

Mission

THE MAINE WOMEN'S FUND MAKES BOLD INVESTMENTS THAT TRANSFORM THE LIVES OF MAINE WOMEN AND GIRLS BY INCUBATING AND INVESTING IN NONPROFIT ORGANIZATIONS, PARTNERING WITH GRANTEES, AND CONNECTING PEOPLE AND ORGANIZATIONS MAKING SOCIAL CHANGE.

Program Service Accomplishments

Program 1

Expenses: $313,549

THE MAINE WOMEN'S FUND WAS FOUNDED IN 1988 ON THE PRINCIPLE THAT WHEN WOMEN AND GIRLS THRIVE, THE WHOLE COMMUNITY PROSPERS. THE FUND TRANSFORMS THE LIVES OF MAINE WOMEN AND GIRLS THROUGH STRATEGIC...

THE MAINE WOMEN'S FUND WAS FOUNDED IN 1988 ON THE PRINCIPLE THAT WHEN WOMEN AND GIRLS THRIVE, THE WHOLE COMMUNITY PROSPERS. THE FUND TRANSFORMS THE LIVES OF MAINE WOMEN AND GIRLS THROUGH STRATEGIC GRANT MAKING, COMMUNITY ENGAGEMENT AND SUPPORT TO NONPROFIT ORGANIZATIONS DEDICATED TO SOCIAL CHANGE. IT IS THE ONLY FOUNDATION IN MAINE FOCUSED EXCLUSIVELY ON INCREASING WOMENS AND GIRLS ECONOMIC SECURITY. WITH FINANCIAL SECURITY, WOMEN CAN ACCESS BETTER HOUSING, EDUCATION, HEALTH CARE AND EMPLOYMENT FOR THEMSELVES AND THEIR FAMILIES WHILE ALSO CONTRIBUTING THEIR TALENTS AND LEADERSHIP FOR THE BETTERMENT OF THEIR COMMUNITIES.THE FUND PROVIES CRITICAL FUNDING AND TECHNICAL ASSISTANCE TO NONPROFIT ORGANIZATIONS IN MAINE WITHIN SIX STRATEGIC AREAS: EDUCATION; FINANCIAL SKILLS AND LITERACY; HEALTHCARE; LEADERSHIP; PERSONAL SAFETY; AND PUBLIC POLICY. SINCE ITS INCEPTION, THE FUND HAS INVESTED MORE THAN $2.7 MILLION IN 235 ORGANIZATIONS ADVANCING THE STATUS OF MAINE WOMEN AND GIRLS. IN ADDITION TO GRANT MAKING, THE FUND ANNUALLY ENGAGES HUNDREDS OF WOMEN ACROSS MAINE THROUGH ITS ACTIVE BOARD AND COMMITTEES, VOLUNTEER OPPORTUNITES, AND SPECIAL EVENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $352,356

Program Service Revenue $0

Investment Income $109,682

Other Revenue $0

TOTAL REVENUE $462,038

Expense Breakdown

Grants Paid $220,908

Salaries & Benefits $151,701

Fundraising Expenses $53,483

Program Expenses $313,549

Other Expenses $55,474

TOTAL EXPENSES $428,083

Year-over-Year Comparison

	2021	2020	Change
Revenue	$462,038	$389,234	+0.2%
Expenses	$428,083	$473,815	-0.1%
Net Income	$33,955	$-84,581	-1.4%

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

$83,217

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY CRITCHON	Executive Dir.	40.00	Officer	$79,445	$3,772	$83,217
Aga Asbury	Director	0.00	Director	$0	$0	$0
GABRIELLE GALLUCCI	President	0.00	Officer Director	$0	$0	$0
JANICE ROGERS	President	0.00	Officer Director	$0	$0	$0
NOREEN PATIENT	Vice President	0.00	Officer Director	$0	$0	$0
Candace Walworth	Director	0.00	Director	$0	$0	$0
Linh Nghiem	Director	0.00	Director	$0	$0	$0
DEVIN WARDELL COOK	Director	0.00	Director	$0	$0	$0
FRANCES HUTCHINSON	Treasurer	0.00	Officer Director	$0	$0	$0
DANI SCHERER	Director	0.00	Director	$0	$0	$0
RENEE SMYTH	Secretary	0.00	Officer Director	$0	$0	$0
SHAY STEWART-BOULEY	Director	0.00	Director	$0	$0	$0
KATHERINE WHITEHEAD	Director	0.00	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
2021	$462,038	$428,083	$3,540,272	$33,955
2020	$389,234	$473,815	$3,266,895	$-84,581
2019	$365,096	$418,438	$3,007,971	$-53,342
2018	$470,768	$389,896	$2,706,802	$80,872