FREEPORT, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOOTS2ROOTS, founded in 2016, is a small nonprofit in the Employment sector that reported $204K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 93% operating deficit.
TO PARTNER WITH MILITARY MEMBERS TRANSITIONING FROM ACTIVE DUTY TO FIND MEANINGFUL WORK IN MAINE AND PROVIDE A PIPELINE OF TALENT TO MAINE EMPLOYERS.
BOOTS2ROOTS HAS ONE MISSION AND ONE PROGRAM AND THAT IS TO ASSIST MILITARY MEMBERS, VETERANS AND SPOUSES FIND MEANINGFUL WORK IN MAINE WHILE PROVIDING A PIPELINE OF TALENT TO MAINE EMPLOYERS. THE...
BOOTS2ROOTS HAS ONE MISSION AND ONE PROGRAM AND THAT IS TO ASSIST MILITARY MEMBERS, VETERANS AND SPOUSES FIND MEANINGFUL WORK IN MAINE WHILE PROVIDING A PIPELINE OF TALENT TO MAINE EMPLOYERS. THE TRANSITION-TO-WORK PROGRAM CONSISTS OF THREE PARTS. 1) PERSONALIZED TRANSITION COACHING INCLUDING CAREER COACHING, RESUME COACHING AND JOB-INTERVIEW COACHING 2) NETWORKING WITH MAINE BUSINESSES AND VETERAN PEER MENTORS ACROSS THE STATE; AND 3) OUTREACH TO MILITARY COMMUNITIES AROUND THE COUNTRY SO THE TRANSITIONING MILITARY MEMBERS LEARN ABOUT EMPLOYMENT OPPORTUNITIES IN MAINE. BOOTS2ROOTS' TWO PRIMARY GOALS ARE 1) TEAMMATES FIND MEANINGFUL WORK WITHIN TWO MONTHS OF ARRIVING IN MAINE, AND 2) THAT THEY REMAIN IN THEIR FIRST POST-MILITARY JOB FOR AT LEAST A 12 MONTHS. BOOTS2ROOTS ENJOYS AN OVER 90% SUCCESS RATE FOR EACH GOAL.HERE IS A RECAP OF OUR FINAL NUMBERS FOR 2023: 250 TOTAL TEAMMATES HIRED - 56 IN 2023 650 TOTAL TEAMMATES ENROLLED - 197 IN 2023 600+ NEW MAINE RESIDENTS AND FUTURE WORKERS 150+ MAINE EMPLOYERS HAVE HIRED OUR TEAMMATES $65 MILLION RETURN ON INVESTMENT FOR MAINE SO FAR
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $203,967 | $389,253 | -0.5% |
| Expenses | $394,307 | $292,309 | +0.3% |
| Net Income | $-190,340 | $96,944 | -3.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATT HARMON | BOARD CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARRIE ARSENAULT | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHLEEN TROST | BOARD SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATHAN DUNLAP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAWEL BINCZYK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLYSON COOMBS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN FULLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSH STEIRMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA WOLFSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE GRIFFIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHAD SCHUMAN | DIRECTOR EX OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM BENSON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$85,424 | $0 | $85,424 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $203,967 | $394,307 | $182,878 | $-190,340 |
| 2022 | $389,253 | $292,309 | $364,102 | $96,944 |
| 2021 | $293,199 | $173,961 | $265,608 | $119,238 |
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