MAINE INITIATIVESINC

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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

1993

Legal Domicile

Principal Officer

PHILIP WALSH

Tax Period

2023-10-01 to 2024-09-30

MAINE INITIATIVESINC, founded in 1993, is a community nonprofit in the Crime & Legal sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 98% operating deficit.

Mission

MAINE INITIATIVES, A FUND FOR CHANGE, CULTIVATES SOCIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE THROUGH GRANTS AND OTHER SUPPORT TO GRASSROOTS ORGANIZATIONS IN MAINE COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,479,594

GRANT MAKING AND COMMUNITY ENGAGEMENT: PROVIDE GRANTS TO MAINE-BASED ORGANIZATIONS PROMOTING SOCIAL, ECONOMIC,AND ENVIRONMENTAL JUSTICE. PROVIDE TECHNICAL ASSISTANCE AND HIGH VISIBILITY FOR THESE...

GRANT MAKING AND COMMUNITY ENGAGEMENT: PROVIDE GRANTS TO MAINE-BASED ORGANIZATIONS PROMOTING SOCIAL, ECONOMIC,AND ENVIRONMENTAL JUSTICE. PROVIDE TECHNICAL ASSISTANCE AND HIGH VISIBILITY FOR THESE ORGANIZATIONS AND THEIR WORK.

Program 2

Expenses: $362,238

THE MAINE SHARE PROGRAM PROVIDES AN EASY WAY TO DONATE TO OVER 40 STATEWIDE ORGANIZATIONS WORKING EVERYDAY TO MAKE MAINE A BETTER PLACE TO LIVE. THROUGH PAYROLL GIVING, CONTRIBUTIONS AND DIRECT...

THE MAINE SHARE PROGRAM PROVIDES AN EASY WAY TO DONATE TO OVER 40 STATEWIDE ORGANIZATIONS WORKING EVERYDAY TO MAKE MAINE A BETTER PLACE TO LIVE. THROUGH PAYROLL GIVING, CONTRIBUTIONS AND DIRECT GIFTS, DONORS HELP THESE ORGANIZATIONS ACHIEVE GOOD HEALTH, ENVIRONMENTAL PROTECTION, SAFE COMMUNITIES, ECONOMIC OPPORTUNITY, HUMAN RIGHTS, ANIMAL WELFARE, PEACE, AND MUCH MORE. YEAR-ROUND CHARITABLE GIVING THROUGH WORKPLACE CAMPAIGNS PROVIDES THESE GROUPS WITH A STEADY FLOW OF DOLLARS TO KEEP IMPORTANT PROGRAMS GOING.

Program 3

Expenses: $347,722

MAINE YOUTH JUSTICE - FISCAL SPONSORSHIP - INVESTMENT IN A RANGE OF COMMUNITY BASED SUPPORTS THAT RESPOND TO YOUNG PEOPLE'S NEEDS. CAMPAIGN LED BY YOUNG PEOPLE WHO HAVE BEEN INCARCERATED IN LONG...

MAINE YOUTH JUSTICE - FISCAL SPONSORSHIP - INVESTMENT IN A RANGE OF COMMUNITY BASED SUPPORTS THAT RESPOND TO YOUNG PEOPLE'S NEEDS. CAMPAIGN LED BY YOUNG PEOPLE WHO HAVE BEEN INCARCERATED IN LONG CREEK AND DIRECTLY IMPACTED BY THE JUVENILE JUSTICE SYSTEM.

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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 $1,890,599

Program Service Revenue $0

Investment Income $70,830

Other Revenue $850

TOTAL REVENUE $1,962,279

Expense Breakdown

Grants Paid $1,682,536

Salaries & Benefits $1,279,051

Fundraising Expenses $46,963

Program Expenses $3,189,554

Other Expenses $931,805

TOTAL EXPENSES $3,893,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,962,279	$3,513,921	-0.4%
Expenses	$3,893,392	$3,593,377	+0.1%
Net Income	$-1,931,113	$-79,456	+23.3%

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

355

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

$133,319

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP WALSH	EXECUTIVE DI	40.00	Officer	$129,436	$3,883	$133,319
JENNIFER CEIDE	TRUSTEE	1.60	Director	$0	$0	$0
ANDREA FRANCIS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JAKE GRINDLE	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE HILL	TRUSTEE	1.80	Director	$0	$0	$0
CARLA HUNT	SECRETARY	1.40	Officer Director	$0	$0	$0
LAURESS LAWRENCE	PRESIDENT	1.70	Officer Director	$0	$0	$0
KAEL PARKER	TRUSTEE	0.92	Director	$0	$0	$0
DAVID PATRICK	TRUSTEE	0.80	Director	$0	$0	$0
VICTORIA RODRIGUEZ	TRUSTEE	1.00	Director	$0	$0	$0
GREG SAMPLE	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN SEIDMAN	TREASURER	1.20	Officer 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
2024	$1,962,279	$3,893,392	$5,176,132	$-1,931,113
2023	$3,513,921	$3,593,377	$5,149,067	$-79,456
2022	$2,709,270	$2,902,420	$4,414,537	$-193,150
2021	$2,603,313	$2,105,941	$5,223,192	$497,372
2020	$2,143,400	$2,047,769	$4,089,641	$95,631
2019	$1,036,850	$1,120,829	$3,803,798	$-83,979
2018	$424,159	$664,208	$3,700,951	$-240,049