MAINE VETERANS PROJECT

EIN: 474457844 501(c)(3) Human Services

BANGOR, ME

Total Revenue
$396,627
Total Expenses
$411,009
Total Assets
$22,795
Net Assets
$22,795
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
ME
Principal Officer
SHAWN GOODWIN
Phone
4155530523
Tax Period
2023-08-01 to 2024-07-31

MAINE VETERANS PROJECT, founded in 2016, is a small nonprofit in the Human Services sector that reported $397K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

MAINE VETERANS PROJECT SERVES TO REDUCE THE NUMBER OF VETERAN SUICIDES THROUGH PROVIDING DIRECT SUPPORT AND SERVICES TO VETERANS AND THEIR FAMILIES LIVING WITH SERVICE-RELATED POST-TRAUMATIC STRESS DISORDER OR TRAUMATIC BRAIN INJURIES.

Program Service Accomplishments

Program 1
Expenses: $388,638

TO PROVIDE DIRECT SUPPORTIVE SERVICES AND PROGRAMS TO VETERANS AND THEIR FAMILIES LIVING WITH SERVICE-RELATED POST-TRAUMATIC STRESS DISORDER OR TRAUMATIC BRAIN INJURIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $396,627
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $396,627

Expense Breakdown

Grants Paid $345,417
Salaries & Benefits $51,672
Fundraising Expenses $5,252
Program Expenses $388,638
Other Expenses $13,920
TOTAL EXPENSES $411,009

Year-over-Year Comparison

2023 2022 Change
Revenue $396,627 $212,512 +0.9%
Expenses $411,009 $196,852 +1.1%
Net Income $-14,382 $15,660 -1.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
3
Volunteers
55

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
3
$21,000
Total Directors
3
$21,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN GOODWIN PRESIDENT 40.00
Officer Director
$21,000 $0 $21,000
BEN BUNKER TREASURER 3.75
Officer Director
$0 $0 $0
NATHAN EISWORTH SECRETARY 3.75
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 No data No data No data No data
2024 $396,627 $411,009 $22,795 $-14,382
2023 $212,512 $196,852 $37,177 $15,660
2022 $264,559 $279,104 $21,517 $-14,545
Explore More Nonprofits
→Top 100 Nonprofits in Maine →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MAINE VETERANS PROJECT with other nonprofits in Maine and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.