Locker Project

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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

2014

Legal Domicile

Principal Officer

Sarah Daignault

Phone

2078999540

Tax Period

2024-07-01 to 2025-06-30

Locker Project, founded in 2014, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum.

Mission

THE LOCKER PROJECT CONNECTS FOOD-INSECURE CHILDREN IN MAINE WITH NOURISHING FOOD TO IMPROVE THEIR LEARNING CAPACITY, HEALTH, AND FUTURE.

Program Service Accomplishments

Program 1

Expenses: $1,618,880 Revenue: $10,716

The Locker Project partners with public school districts, Head Starts, and other agencies to provide children and families across Greater Portland with reliable access to healthy foods. We rescue...

The Locker Project partners with public school districts, Head Starts, and other agencies to provide children and families across Greater Portland with reliable access to healthy foods. We rescue thousands of pounds of fresh food from local markets each week to share along with donated produce and purchased pantry items. With the help of volunteers and community partners, we are currently distributing more than 35,000 pounds of food each month at 45 different sites.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,664,409

Program Service Revenue $0

Investment Income $10,901

Other Revenue $10,716

TOTAL REVENUE $1,686,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $427,325

Fundraising Expenses $21,909

Program Expenses $1,618,880

Other Expenses $1,251,344

TOTAL EXPENSES $1,678,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,686,026	$797,959	+1.1%
Expenses	$1,678,669	$925,062	+0.8%
Net Income	$7,357	$-127,103	-1.1%

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

180

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

$87,394

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Daignault	President	2.00	Officer Director	$0	$0	$0
Gretchen Williams	Vice President	1.00	Officer Director	$0	$0	$0
Marie Boneparth	Secretary	1.00	Officer Director	$0	$0	$0
Matt Hefferman	Treasurer	1.00	Officer Director	$0	$0	$0
Jenny Alfrey	Director	1.00	Director	$0	$0	$0
Nuna Gleason	Director	1.00	Director	$0	$0	$0
MaryBeth McNicholas	Director	1.00	Director	$0	$0	$0
Elizabeth Jackson	Director	1.00	Director	$0	$0	$0
Steven SIlver	Director	1.00	Director	$0	$0	$0
Jane Winarta	Director	1.00	Director	$0	$0	$0
Kathryn Sargent	Executive Director	40.00	Officer	$87,394	$0	$87,394

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	$1,686,026	$1,678,669	$644,855	$7,357
2024	$797,959	$925,062	$491,808	$-127,103
2023	$1,524,530	$1,530,819	$833,284	$-6,289
2022	$1,351,207	$1,275,828	$880,760	$75,379
2021	$1,174,406	$1,101,878	$541,055	$72,528
2020	$1,257,656	$997,439	$464,590	$260,217
2019	$609,787	$502,816	$216,127	$106,971
2018	$401,399	$398,383	$83,475	$3,016