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.
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.