HEMOPHILIA ALLIANCE OF MAINE INC

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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

2011

Legal Domicile

Principal Officer

PHILLIP HIGGINS

Phone

2076317550

Tax Period

2023-01-01 to 2023-12-31

HEMOPHILIA ALLIANCE OF MAINE INC, founded in 2011, is a micro nonprofit that reported $41K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $107K exceeded revenue, resulting in a 160% operating deficit.

Mission

TO ASSIST AND ENHANCE THE QUALITY OF LIFE FOR MAINE'S PEOPLE AND FAMILIES WHO HAVE A BLEEDING DISORDER.

Program Service Accomplishments

Program 1

Expenses: $107,086

PROVIDE ACCESS TO LOCAL AND REGIONAL EDUCATIONAL PROGRAMMING AND NETWORKING OPPORTUNITIES, SUPPORT ONGOING EDUCATION OF MEDICAL PROFESSIONAL, ADVOCATE AT THE PERSONAL, LOCAL, STATE AND NATIONAL LEVEL...

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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 $37,258

Program Service Revenue $0

Investment Income $776

Other Revenue $3,205

TOTAL REVENUE $41,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,884

Fundraising Expenses $0

Program Expenses $107,086

Other Expenses $67,202

TOTAL EXPENSES $107,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,239	$189,131	-0.8%
Expenses	$107,086	$174,565	-0.4%
Net Income	$-65,847	$14,566	-5.5%

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

$37,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACEY GIDEON	EXECUTIVE DI	40.00	Officer	$37,050	$0	$37,050
HEIDI BLANCHETTE	SECRETARY	N/A	Officer Director	$0	$0	$0
BRIDGET EDWARDS	DIRECTOR	N/A	Director	$0	$0	$0
PHILLIP HIGGINS	PRESIDENT	N/A	Officer Director	$0	$0	$0
NICHOLAS MCRAE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
AUTUMN PIERCE	DIRECTOR	N/A	Director	$0	$0	$0
BEVERLY POLLEY	TREASURER	N/A	Officer Director	$0	$0	$0
COLBY SPENCER	DIRECTOR	N/A	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	$41,239	$107,086	No data	$-65,847
2022	$189,131	$174,565	$224,941	$14,566
2021	$232,157	$173,375	$210,375	$58,782
2020	$208,309	$190,233	$172,941	$18,076
2019	$194,402	$166,797	$134,146	$27,605
2018	$156,741	$199,600	$136,241	$-42,859
2017	$153,806	$139,991	$148,771	$13,815