Boots2roots

Nonprofit profile at a glance

EIN
473939212
IRS 990 coverage
2021–2025
Forms available
Form 990 2025, Form 990-EZ 2020, Form 990-N 2017
Location
Freeport, ME, USA
Phone
2077073040
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Vocational Rehabilitation

Reported finances

Revenue
$775,365
Expenses
$653,609
Assets
$514,906
Liabilities
$22,013

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • RANDY BELL (EXECUTIVE DIRECTOR)
  • WILLIAM BENSON (EXECUTIVE DIRECTOR(THRU JUNE))

Highest reported compensation

  • RANDY BELL (EXECUTIVE DIRECTOR): $93,908 total reported compensation
  • WILLIAM BENSON (EXECUTIVE DIRECTOR(THRU JUNE)): $52,558 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To partner with military members transitioning from active duty to find meaningful work in Maine and provide a pipeline of talent to Maine employers.

What it reported doing in 2025

Boots2roots has one mission and one program and that is to assist military members, veterans and spouses find meaningful work in Maine while providing a pipeline of talent to Maine employers. The transition-to-work program consists of three parts. 1) personalized transition coaching including career coaching, resume coaching and job-interview coaching 2) networking with Maine businesses and veteran peer mentors across the state; and 3) outreach to military communities around the country so the transitioning military members learn about employment opportunities in Maine. Boots2roots' two primary goals are 1) teammates find meaningful work within two months of arriving in Maine, and 2) that they remain in their first post-military job for at least 12 months. Boots2roots enjoys an over 94% success rate for each goal.here is a recap of our final numbers for 2025: 400 total teammates hired - 96 in 20251013 total teammates enrolled - 250 in 2025 1000+ new Maine residents and future workers 200+ Maine employers have hired our teammates $80 million return on investment for Maine so far

Operating model

Revenue model
Grant-funded. 73% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.6%; rating input score 76
  • Program expense ratio: 89.3%; rating input score 89
  • Fundraising efficiency: $26.12 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 15.7%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 22.4%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 30% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 29.7% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 18.8% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 75.6% of revenue deployed · 89.3% of spending went to programs
  • Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $584K in reported program spending
  • Leadership: top reported pay $94K · 15 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.