SPECTRUM GENERATIONS (EIN 010318051) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

GERARD QUEALLY

Phone

2076201672

Tax Period

2023-10-01 to 2024-09-30

SPECTRUM GENERATIONS is a 501(c)(3) with EIN 010318051, based in AUGUSTA, ME. Founded in 1972, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $14,576,273 in total revenue and $14,360,402 in total expenses, with net assets of $6,858,410.

Mission

TO PROMOTE AND ADVANCE THE WELL-BEING AND INDEPENDENCE OF OLDER AND DISABLED ADULTS, WITH THE SUPPORT OF THEIR CARE PARTNERS, TO LIVE IN THEIR COMMUNITY OF CHOICE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,377,335

Program Service Revenue $6,882,835

Investment Income $71,494

Other Revenue $244,609

TOTAL REVENUE $14,576,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,361,798

Fundraising Expenses $18,847

Program Expenses $12,890,620

Other Expenses $4,998,604

TOTAL EXPENSES $14,360,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,576,273	$13,895,449	+0.0%
Expenses	$14,360,402	$13,381,765	+0.1%
Net Income	$215,871	$513,684	-0.6%

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

380

Volunteers

335

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

$311,179

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN FOXWELL	CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD NESS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANNE CONNERS	SECRETARY	2.00	Officer Director	$0	$0	$0
TERRY REDDY	ADVISORY COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
LINDA BALL	DEVELOPMENT COMMITTEE	1.00	Director	$0	$0	$0
PETER BEDARD	FINANCE COMMITTEE	1.00	Director	$0	$0	$0
ALLEN CAIRNS	AT LARGE MEMBER	1.00	Director	$0	$0	$0
STEPHANIE DUNCAN	AT LARGE MEMBER	1.00	Director	$0	$0	$0
DAVID FARAGO	AT LARGE MEMBER	1.00	Director	$0	$0	$0
DEAN JACKMAN	FINANCE COMMITTEE	1.00	Director	$0	$0	$0
DIANE MORRISON	AT LARGE MEMBER	1.00	Director	$0	$0	$0
NICOLE POULIN	AT LARGE MEMBER (THRU NOV 2023)	1.00	Director	$0	$0	$0
AREY PRADIS	AT LARGE MEMBER	1.00	Director	$0	$0	$0
JOSEE SHELLEY	FINANCE COMMITTEE	1.00	Director	$0	$0	$0
NANCY WEINGARTEN	FINANCE COMMITTEE (THRU MARCH 2024)	1.00	Director	$0	$0	$0
GERARD QUEALLY	PRESIDENT AND CEO	40.00	Officer	$154,579	$34,944	$189,523
SHARON CLEVELAND	TREASURER AND CFO	40.00	Officer	$104,883	$16,773	$121,656

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	$14,576,273	$14,360,402	$9,906,349	$215,871
2023	$13,895,449	$13,381,765	$8,975,739	$513,684
2022	$13,261,069	$12,680,227	$6,999,328	$580,842
2021	$11,551,874	$10,733,449	$6,966,372	$818,425
2020	$10,328,651	$9,400,709	$6,363,085	$927,942
2019	$8,768,004	$8,882,112	$4,928,408	$-114,108
2018	$8,055,950	$8,119,222	$6,008,949	$-63,272

SPECTRUM GENERATIONS