EqualityMaine Foundation (EIN 010515357) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Phone

2077613732

Tax Period

2022-10-01 to 2023-09-30

EqualityMaine Foundation is a 501(c)(3) with EIN 010515357, based in Portland, ME. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $718,365 in total revenue and $526,132 in total expenses, with net assets of $649,917.

Mission

EQUALITYMAINE FOUNDATION WORKS TO PROTECT AND ADVANCE FULL EQUALITY FOR ALL LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND QUEER MAINERS BY CREATING AN INCLUSIVE AND INTERSECTIONAL MOVEMENT THROUGH COMMUNITY BUILDING, EDUCATION, ENGAGEMENT AND COLLABORATION.

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Trantor Score

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

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $596,699

Program Service Revenue $29,006

Investment Income $6,043

Other Revenue $86,617

TOTAL REVENUE $718,365

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $258,760

Fundraising Expenses $77,684

Program Expenses $391,751

Other Expenses $262,872

TOTAL EXPENSES $526,132

Year-over-Year Comparison

	2022	2021	Change
Revenue	$718,365	$478,916	+0.5%
Expenses	$526,132	$517,758	+0.0%
Net Income	$192,233	$-38,842	-5.9%

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

100

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

$49,000

Total Directors

$49,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gia Drew	Executive Director	39.50		$80,077	$14,697	$94,774
Michael Coon	Pres/PY E.D.	39.50	Officer Director	$49,000	$0	$49,000
Joanne Lewis	Director	2.00	Director	$0	$0	$0
Teresa Cloutier	Treasurer	2.00	Officer Director	$0	$0	$0
Barbara Wood	Vice President	2.00	Officer Director	$0	$0	$0
Dicle Turkoglu	Director	2.00	Director	$0	$0	$0
Andre Chasse	Director	2.00	Director	$0	$0	$0
Jace Viner	Secretary	2.00	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	No data	No data	No data	No data
2023	$718,365	$526,132	$649,917	$192,233
2022	$478,916	$517,758	$444,353	$-38,842
2021	$797,319	$478,507	$527,657	$318,812
2020	$438,887	$424,494	$262,660	$14,393
2019	$543,434	$443,591	$213,023	$99,843
2018	$386,287	$371,306	$113,551	$14,981

EqualityMaine Foundation