MARINETTE COUNTY ELDERLY SERVICES

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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

1979

Legal Domicile

Principal Officer

Olivia Cherry

Phone

7158547453

Tax Period

2023-01-01 to 2023-12-31

MARINETTE COUNTY ELDERLY SERVICES, founded in 1979, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

Our mission at Marinette County Elderly Services is to assist older persons in maintaining a longer, healthier, and more fulfilled life.

Program Service Accomplishments

Program 1

Expenses: $714,851 Revenue: $688,511

NUTRITION PROGRAM Provides hot, nutritious meals (Congregate and Home Delivered) for persons aged 60 and over. Promotes physical health, nutrition counseling and education, and additional health...

NUTRITION PROGRAM Provides hot, nutritious meals (Congregate and Home Delivered) for persons aged 60 and over. Promotes physical health, nutrition counseling and education, and additional health support for aging. In 2023, 50,717 meals were served to our Congregate and Home Delivered clients.

Program 2

Expenses: $168,063 Revenue: $169,707

TRANSPORTATION PROGRAM: Provides transportation via bus, van, and private auto for medical, social, nutritional, employment, and personal business. Many elderly clients are frail and require private auto escort and/or wheelchair-lift assistance to access Agency vans and buses. In 2023, the Agency provided 4,579 passenger trips of which 1,291 were for medical appointments (694 for frail elderly requiring private auto transport). The remaining rides were for nutrition, employment, education, and social/recreation.

Program 3

Expenses: $98,405 Revenue: $97,887

LEGAL AND BENEFIT COUNSELING: Provides support to individuals and families affected by Alzheimer's Disease and related dementia, including grants to affected individuals and families. Programs...

LEGAL AND BENEFIT COUNSELING: Provides support to individuals and families affected by Alzheimer's Disease and related dementia, including grants to affected individuals and families. Programs include Alzheimer's Family Caregiver Support, Outreach, Information and Assistance, Respite Care, and necessary supplies and services. In 2023, 27 clients received full or partial grants totaling $37,360 via Alzheimer's/Family Caregiver Support Programs. About 295 individuals were assisted with Homestead Tax, Medicare, Medicaid, SSI, SeniorCare, prescription medication, and consumer issues.

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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 $897,191

Program Service Revenue $241,994

Investment Income $0

Other Revenue $828

TOTAL REVENUE $1,140,013

Expense Breakdown

Grants Paid $47,930

Salaries & Benefits $548,748

Fundraising Expenses $20,614

Program Expenses $1,019,213

Other Expenses $530,535

TOTAL EXPENSES $1,127,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,140,013	$1,191,118	0.0%
Expenses	$1,127,213	$1,080,264	+0.0%
Net Income	$12,800	$110,854	-0.9%

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

Total Directors

$55,945

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Olivia Cherry	Executive Director	36	Director	$55,945	$0	$55,945
Alfred Sauld	Chairperson	1	Officer	$0	$0	$0
Allen England	Vice Chairperson	1	Officer	$0	$0	$0
Deb Baumgart	Secretary/Treasurer	1	Officer	$0	$0	$0
Rick Downs	Untitled Board Member	1	Officer	$0	$0	$0
Mary Holley	Untitled Board Member	1	Officer	$0	$0	$0
Linda Llinas	Untitled Board Member	1	Officer	$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	No data	No data	No data	No data
2023	$1,140,013	$1,127,213	$878,320	$12,800
2022	$1,191,118	$1,080,264	$971,523	$110,854
2021	$1,051,863	$1,092,481	$795,925	$-40,618
2020	$1,087,366	$972,155	$846,555	$115,211