Unity Foundation (EIN 010536785) - 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

2000

Legal Domicile

Principal Officer

Lawrence J Sterrs

Phone

2079486489

Tax Period

2023-01-01 to 2023-12-31

Unity Foundation, founded in 2000, is a small nonprofit in the Education sector that reported $177K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $356K exceeded revenue, resulting in a 101% operating deficit.

Mission

Promote strong, sustainable nonprofits that reliably serve Maine communities

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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 $100,000

Program Service Revenue $77,061

Investment Income $24

Other Revenue $0

TOTAL REVENUE $177,085

Expense Breakdown

Grants Paid $90,000

Salaries & Benefits $196,495

Fundraising Expenses $0

Program Expenses $255,195

Other Expenses $69,214

TOTAL EXPENSES $355,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,085	$382,987	-0.5%
Expenses	$355,709	$313,404	+0.1%
Net Income	$-178,624	$69,583	-3.6%

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

$186,540

Total Directors

$186,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lawrence J Sterrs	CEO/Chairman	30.00	Officer Director	$51,500	$35,044	$86,544
Laura J Roming	Program Officer	40.00	Officer Director	$76,208	$23,788	$99,996
Hon Donald H Marden	Director	1.00	Director	$0	$0	$0
Donald A Foster	Director	1.00	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
2023	$177,085	$355,709	$528,911	$-178,624
2022	$382,987	$313,404	$710,793	$69,583
2021	$156,789	$459,452	$672,521	$-302,663
2020	$318,706	$459,733	$952,146	$-141,027
2019	$209,196	$372,601	$1,085,343	$-163,405
2018	$95,236	$409,525	$1,570,196	$-314,289

Unity Foundation