Portland, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Home for the Aged, founded in 1881, is a community nonprofit in the Human Services sector that reported $9.4M in total revenue in fiscal year 2024.
To provide high quality housing and services to those 60 years of age and older.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,416,838 | $8,847,471 | +0.1% |
| Expenses | $9,884,746 | $9,315,230 | +0.1% |
| Net Income | $-467,908 | $-467,759 | +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 |
|---|---|---|---|---|---|---|
| Victoria Powers | President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Melissa Murphy | Vice President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Janice McCormick | Treasurer | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Jeannine Lefevre | Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Kathleen Coyne | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Robert Davis | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Joseph Gray | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Jennifer Gordon Hutchins | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Ruchir Jaipuriyar | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Ann Magner | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Michael McGovern | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Thomas Michael Meuser | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Kimberly Snow | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Jason Straetz | Director/Past President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Todd Zukowsi | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Lorri Sommer | CEO | 40.00 |
Officer
|
$171,739 | $25,846 | $197,585 |
| Diane Bernier | Director of Finance | 40.00 |
Officer
|
$0 | $0 | $0 |
| Bruce Rutter | Past Director of Finance | 40.00 |
Officer
|
$111,210 | $18,138 | $129,348 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $9,416,838 | $9,884,746 | $32,351,853 | $-467,908 |
| 2024 | $8,847,471 | $9,315,230 | $32,783,055 | $-467,759 |
| 2023 | $8,364,698 | $9,082,391 | $33,166,139 | $-717,693 |
| 2022 | $7,432,134 | $8,586,934 | $34,196,065 | $-1,154,800 |
| 2021 | $7,577,034 | $8,389,539 | $36,502,674 | $-812,505 |
| 2020 | $7,023,381 | $8,330,875 | $38,157,597 | $-1,307,494 |
| 2019 | $7,370,848 | $8,151,778 | $39,169,022 | $-780,930 |
| 2018 | $7,827,580 | $8,113,305 | $40,599,804 | $-285,725 |
Compare Home for the Aged with other nonprofits in Maine and across the country.