LEGAL SERVICES FOR MAINE ELDERS INC

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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

1975

Legal Domicile

Principal Officer

JAYE L MARTIN

Phone

2076210087

Tax Period

2023-10-01 to 2024-09-30

LEGAL SERVICES FOR MAINE ELDERS INC, founded in 1975, is a community nonprofit in the Crime & Legal sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 11% surplus.

Mission

TO PROVIDE FREE HIGH QUALITY LEGAL SERVICES TO MAINE RESIDENTS AGED SIXTY & OVER, WHO QUALIFY FOR LEGAL SERVICES UNDER THE OLDER AMERICANS ACT, 42 USCA SEC. 3001 ET SEQ, AS AMENDED.

Program Service Accomplishments

Program 1

Expenses: $2,032,202

LEGAL SERVICES: FREE LEGAL SERVICES AVAILABLE THROUGH STATEWIDE TOLL-FREE HELPLINE AND STAFF ATTORNEYS LOCATED ACROSS THE STATE; DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, THE ORGANIZATION...

LEGAL SERVICES: FREE LEGAL SERVICES AVAILABLE THROUGH STATEWIDE TOLL-FREE HELPLINE AND STAFF ATTORNEYS LOCATED ACROSS THE STATE; DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, THE ORGANIZATION HANDLED 4,682 MATTERS FOR 3,878 CLIENTS IT SERVED

Program 2

Expenses: $611,959

ADVOCACY AND EDUCATION: MEDICARE AND MAINECARE(MEDICAID) INFORMATION PROVIDED THROUGH PARTICIPATION IN STATE HEALTH INSURANCE ASSISTANCE AND SENIOR MEDICARE PATROL PROGRAMS; FREE ASSISTANCE PROVIDED BY MEDICARE PART D APPEALS UNIT IN APPEALING DENIALS OF MEDICATIONS UNDER MEDICARE PART D AND ENSURING ACCESS TO HELP IN AFFORDING MEDICATIONS; OUTREACH AND EDUCATION; AND PUBLIC POLICY AND LEGISLATIVE ADVOCACY PURSUED ON BEHALF OF THE OLDER PEOPLE. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, THE ORGANIZATION HANDLED 817 MATTERS FOR 712 CLIENTS IT SERVED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,458,614

Program Service Revenue $0

Investment Income $35,141

Other Revenue $2,810

TOTAL REVENUE $3,496,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,592,000

Fundraising Expenses $80,484

Program Expenses $2,644,161

Other Expenses $513,317

TOTAL EXPENSES $3,105,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,496,565	$2,846,172	+0.2%
Expenses	$3,105,317	$2,759,043	+0.1%
Net Income	$391,248	$87,129	+3.5%

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

$261,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAYE L MARTIN	EXECUTIVE DI	40.00	Officer	$125,894	$21,689	$147,583
BARBARA KIRCHDORFER	FINANCE DIRE	40.00	Officer	$97,785	$16,307	$114,092
BARBARA SCHLICHTMAN ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES C SOLTAN ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NANCY WANDERER ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER FESSENDEN ESQ	DIRECTOR	0.50	Director	$0	$0	$0
JAKE HOLMES	DIRECTOR	0.50	Director	$0	$0	$0
ROLAND JOY	DIRECTOR	0.50	Director	$0	$0	$0
VANESSA MADORE	TREASURER	1.00	Officer Director	$0	$0	$0
DYAN MCCARTHY-CLARK	DIRECTOR	0.50	Director	$0	$0	$0
TAMARA HERRICK PHD	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN RICHARD	DIRECTOR	0.50	Director	$0	$0	$0
ERIC SELTZER	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA SHAW	DIRECTOR	0.50	Director	$0	$0	$0

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	$3,496,565	$3,105,317	$2,285,935	$391,248
2023	$2,846,172	$2,759,043	$1,820,829	$87,129
2022	$2,508,374	$2,431,893	$1,730,281	$76,481
2021	$2,676,646	$2,331,176	$1,838,135	$345,470
2020	$2,051,661	$2,095,828	$1,882,929	$-44,167
2019	$2,088,115	$2,101,263	$1,397,043	$-13,148
2018	$2,043,998	$2,010,465	$1,322,828	$33,533