MAINE GREYHOUND PLACEMENT SERVICE

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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

1997

Legal Domicile

Phone

2076262893

Tax Period

2025-01-01 to 2025-12-31

MAINE GREYHOUND PLACEMENT SERVICE, founded in 1997, is a micro nonprofit in the Animal-Related sector that reported $100K in total revenue in fiscal year 2025. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $183K exceeded revenue, resulting in a 84% operating deficit.

Mission

TO FIND LOVING, RESPONSIBLE HOMES FOR RETIRED GREYHOUNDS THAT CAN NO LONGER COMPETE ON THE RACETRACK.

Program Service Accomplishments

Program 1

Expenses: $164,638 Revenue: $57,466

RETIRED RACING GREYHOUNDS ARE SPAYED AND NEUTERED, RECEIVE ALL MEDICAL UPDATES, THEN ARE HOUSED, FED, AND CARED FOR UNTIL SOMEONE IS FOUND TO ADOPT THEM. THESE RETIRED RACERS ARE VERY INTELLIGENT...

RETIRED RACING GREYHOUNDS ARE SPAYED AND NEUTERED, RECEIVE ALL MEDICAL UPDATES, THEN ARE HOUSED, FED, AND CARED FOR UNTIL SOMEONE IS FOUND TO ADOPT THEM. THESE RETIRED RACERS ARE VERY INTELLIGENT, ADAPTABLE DOGS WHO FIT EASILY INTO THEIR NEW HOMES FOLLOWING A BRIEF ADJUSTMENT PERIOD.

Program 2

MGPS OWNS COMMERCIAL SPACE OF WHICH THEY MAKE AVAILABLE AT LOW-TO-NO COST FOR OTHER CHARITABLE ENTITIES TO RUN A VETERINARY CLINIC FOR THE CARE OF GREYHOUNDS AND ANIMALS FROM OTHER SHELTERS.

Program 3

VOLUNTEERS HELP MGPS PUBLISH A NEWSLETTER, HOLD AN ANNUAL OPEN HOUSE AND PERFORM MEET & GREET EVENTS AT PET STORES AND AT OTHER LOCATIONS THROUGHOUT THE STATE. THROUGH OUR ACTIVITIES WE SEEK TO...

VOLUNTEERS HELP MGPS PUBLISH A NEWSLETTER, HOLD AN ANNUAL OPEN HOUSE AND PERFORM MEET & GREET EVENTS AT PET STORES AND AT OTHER LOCATIONS THROUGHOUT THE STATE. THROUGH OUR ACTIVITIES WE SEEK TO INFORM, EDUCATE, AND ENCOURAGE THE PUBLIC TO ADOPT THESE HEALTHY DOGS THAT THE RACING INDUSTRY WOULD OTHERWISE EUTHANIZE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $40,862

Program Service Revenue $57,466

Investment Income $290

Other Revenue $1,006

TOTAL REVENUE $99,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,638

Other Expenses $183,167

TOTAL EXPENSES $183,167

Year-over-Year Comparison

	2025	2024	Change
Revenue	$99,624	$70,691	+0.4%
Expenses	$183,167	$181,091	+0.0%
Net Income	$-83,543	$-110,400	-0.2%

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

N/A

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
DAWN CURTIS	PRESIDENT	40.00	Officer Director	$0	$0	$0
SHEILA AXELL	TREASURER	25.00	Officer Director	$0	$0	$0
SUE SPRAGUE	SECRETARY	3.00	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
2025	$99,624	$183,167	$649,684	$-83,543
2024	$70,691	$181,091	$733,227	$-110,400
2023	$28,439	$136,678	$843,627	$-108,239
2022	$142,597	$78,173	$951,866	$64,424
2021	$191,147	$184,508	$947,956	$6,639
2018	$358,926	$377,079	$1,020,760	$-18,153