HOMELESS ANIMAL RESCUE TEAM OF MAINE INC (EIN 010531093) - 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

2001

Legal Domicile

Principal Officer

LISA GAMAGE

Tax Period

2023-01-01 to 2023-12-31

HOMELESS ANIMAL RESCUE TEAM OF MAINE INC, founded in 2001, is a small nonprofit in the Animal-Related sector that reported $526K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $714K exceeded revenue, resulting in a 36% operating deficit.

Mission

RESCUE HOMELESS CATS

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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 $256,538

Program Service Revenue $103,414

Investment Income $52,980

Other Revenue $113,352

TOTAL REVENUE $526,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,375

Fundraising Expenses $0

Program Expenses $714,423

Other Expenses $548,048

TOTAL EXPENSES $714,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$526,284	$1,637,406	-0.7%
Expenses	$714,423	$652,228	+0.1%
Net Income	$-188,139	$985,178	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANINE GIUSTINA	DIRECTOR	5.00	Director	$0	$0	$0
NICOLE MILAM	DIRECTOR	5.00	Director	$0	$0	$0
FELICIA GARANT	DIRECTOR	5.00	Director	$0	$0	$0
ANGELA WAGNER	SECRETARY	5.00	Officer	$0	$0	$0
SARAH MICHNIEWICZ	VICE PRESIDENT	10.00	Officer	$0	$0	$0
JESSIE BUTLER	TREASURER	10.00	Officer	$0	$0	$0
LISA GAMAGE	PRESIDENT	10.00	Officer	$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	$526,284	$714,423	$2,855,147	$-188,139
2022	$1,637,406	$652,228	$2,826,389	$985,178
2021	$538,046	$603,573	$2,136,150	$-65,527
2020	$499,857	$710,195	$2,063,355	$-210,338
2019	$1,507,943	$502,235	$2,083,293	$1,005,708
2018	$519,381	$394,674	$1,051,155	$124,707

HOMELESS ANIMAL RESCUE TEAM OF MAINE INC