Maine GearShare (EIN 872553485) - 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

2021

Legal Domicile

Principal Officer

George Janda

Phone

2072003004

Tax Period

2024-01-01 to 2024-12-31

Maine GearShare, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $263K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 18% operating margin.

Mission

To provide access to outdoor gear and know-how through a collaborative, equity-centered approach.

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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 (2024)

Revenue Breakdown

Contributions & Grants $235,665

Program Service Revenue $34,015

Investment Income $0

Other Revenue $-6,836

TOTAL REVENUE $262,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,002

Fundraising Expenses $5,077

Program Expenses $143,385

Other Expenses $61,129

TOTAL EXPENSES $215,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,844	$188,372	+0.4%
Expenses	$215,131	$223,493	0.0%
Net Income	$47,713	$-35,121	-2.4%

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIE HUTCHISON	PRESIDENT	0.50	Officer Director	$0	$0	$0
ZAK KLEIN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
WINN BROWN	TREASURER	0.50	Officer Director	$0	$0	$0
ANNE STIRES	SECRETARY	0.50	Officer Director	$0	$0	$0
CHARLES BLOOM	DIRECTOR	0.50	Director	$0	$0	$0
ALICIA HAYBURN	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE JANDA	DIRECTOR	0.50	Director	$0	$0	$0
JENNY KORDICK	DIRECTOR	0.50	Director	$0	$0	$0
ADAM SHEPHERD	DIRECTOR	0.50	Director	$0	$0	$0
MISH SOMMERS	DIRECTOR	0.50	Director	$0	$0	$0
JOSH BOSSIN	EXECUTIVE DIRECTOR	40.00	Officer	$75,000	$0	$75,000

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
2024	$262,844	$215,131	$90,911	$47,713
2023	$188,372	$223,493	$43,172	$-35,121
2022	$368,739	$290,546	$78,293	$78,193

Maine GearShare