Senior Needs Committee of Wells and Ogunquit (EIN 010516517) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

Kathleen Chase

Phone

2076465596

Tax Period

2024-01-01 to 2024-12-31

Senior Needs Committee of Wells and Ogunquit, founded in 1997, is a small nonprofit in the Human Services sector that reported $292K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $112K, a strong 38% operating margin.

Mission

The organization provides much needed services and community interaction among the seniors of the Wells/Ogunquit area of Southern Maine, regardless of sex, race, religion, creed or abiltiy to pay.

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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 (2024)

Revenue Breakdown

Contributions & Grants $153,103

Program Service Revenue $979

Investment Income $106

Other Revenue $137,582

TOTAL REVENUE $291,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,005

Fundraising Expenses $0

Program Expenses $159,963

Other Expenses $112,249

TOTAL EXPENSES $180,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,770	$247,794	+0.2%
Expenses	$180,254	$195,528	-0.1%
Net Income	$111,516	$52,266	+1.1%

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

N/A

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

Total Directors

$45,797

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rita Sevigny	Director at Large	005.00	Director	$45,797	$0	$45,797
Kathleen Chase	Chair	005.00	Officer Director	$0	$0	$0
Ray Farnham	Director at Large	005.00	Director	$0	$0	$0
Stephanie Bennett	Assistant Financial Administrator	005.00	Officer Director	$0	$0	$0
George Hersom	Director at Large	005.00	Director	$0	$0	$0
Lorraine Moulton	Director at Large	005.00	Director	$0	$0	$0
Larry Dyer	Vice Chair	005.00	Officer Director	$0	$0	$0
JoAnn DeClerq	Director at Large	005.00	Director	$0	$0	$0
Peter Kahn	Financial Administrator	005.00	Officer Director	$0	$0	$0
Maria Reid	Secretary	005.00	Officer 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	$291,770	$180,254	$1,089,117	$111,516
2023	$247,794	$195,528	$957,989	$52,266
2022	$174,257	$185,782	$891,654	$-11,525
2021	$158,042	$163,987	$933,486	$-5,945
2020	$127,977	$152,411	$930,781	$-24,434
2019	$177,589	$167,467	$918,377	$10,122
2018	$110,883	$132,280	$935,725	$-21,397

Senior Needs Committee of Wells and Ogunquit