LEGAL SERVICES FOR MAINE ELDERS INC

EIN: 010359131 501(c)(3) Crime & Legal

AUGUSTA, ME

Total Revenue
$3,496,565
Total Expenses
$3,105,317
Total Assets
$2,285,935
Net Assets
$2,044,507
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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
ME
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

PROVIDE FREE LEGAL SERVICES TO MAINE RESIDENTS AGED SIXTY AND OVER AND MEDICARE ADVOCACY SERVICES TO ANYONE ELIGIBLE FOR MEDICARE.

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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%)

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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

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Governance

Voting Members
12
Independent Members
12
Employees
37
Volunteers
12

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
6
$261,675
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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