MAINE VETERANS PROJECT (EIN 474457844) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

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

TO REDUCE THE NUMBERS OF VETERAN SUICIDES BY PROVIDING DIRECT SUPPORTIVE SERVICES AND PROGRAMS TO VETERANS AND THEIR FAMILIES LIVING WITH SERVICE- RELATED POST-TRAUMATIC STRESS DISORDER OR TRAUMATIC BRAIN INJURIES.

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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 $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

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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

$21,000

Total Directors

$21,000

Key Employees

Highest Compensated

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

MAINE VETERANS PROJECT