Portland, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Maine Needs Inc, founded in 2020, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 170% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 5% surplus.
We strive to help individuals and families in Maine meet their basic, material needs by providing donated clothing, hygiene products, household items, and other necessities. We focus our work on those starting life over from scratch: domestic abuse survivors, asylum seekers and those facing financial hardships. We partner with schools, caseworkers, nurses and nonprofits to provide these material resources.
Maine Needs organically grew out of people in the community coming together on social media to organize and deliver household donations to help those facing financial hardship. Examples of people...
Maine Needs organically grew out of people in the community coming together on social media to organize and deliver household donations to help those facing financial hardship. Examples of people helped by Maine Needs are homeless individuals setting up a new place to live, domestic abuse survivors, low-income families, and others that are essentially starting their lives over from scratch. Maine Needs is overseen by a volunteer board of directors. Maine Needs activities are carried out by dozens of volunteers, with hundreds in the community donating to Maine Needs to help others. Many donations are coordinated online through social media. Maine Needs has set up donation shopping facilities for those in need by utilizing spare space from a local nonprofit and by coordinating to deliver needed items to existing community centers (e.g., churches or food pantries), school supply closets for children in need, and similar spaces where those facing financial hardship can get household items, warm coats, etc. By coordinating with existing community resources, Maine Needs helps fill in the gaps to serve the community. For example, if a school needs warm children's coats and mittens in a certain sizes for low-income children coming to school without appropriate clothing for Maine winters, Maine Needs can help coordinate donations to meet that need. Maine Needs is fundraising to have its own dedicated space where individuals and families facing financial hardship could 'shop' (without charge) for material necessities up to 3 times per year by appointment. With a more permanent space, Maine Needs would also be able to store donations year round so that they could be distributed to other organizations at appropriate times of the year--including to schools, churches, food pantries, etc. Virtually 100% of Maine Need's time is devoted to its primary activity of coordinating donations and delivering material necessities to individuals and families facing financial hardship in Maine.
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 | $2,982,971 | $1,103,639 | +1.7% |
| Expenses | $2,827,069 | $940,006 | +2.0% |
| Net Income | $155,902 | $163,633 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| Carrie Hemmelgarn | President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Bonnie Harlow | Secretary | 5.00 |
Officer
Director
|
$2,711 | $0 | $2,711 |
| Madeline Backman | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sanaa Abduljabbar | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Laurie Jevons | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Brittney Sampson | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kathryn Sargent | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kaleigh Anderson | Chief Operating Officer | 45.00 |
Officer
Director
|
$68,654 | $0 | $68,654 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,982,971 | $2,827,069 | $703,655 | $155,902 |
| 2022 | $1,103,639 | $940,006 | $562,977 | $163,633 |
| 2021 | $808,261 | $569,230 | $388,508 | $239,031 |
| 2020 | $353,213 | $223,344 | $129,869 | $129,869 |
Compare Maine Needs Inc with other nonprofits in Maine and across the country.