Maine Council on Aging

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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

2012

Legal Domicile

Principal Officer

Jess Maurer

Phone

2075929972

Tax Period

2024-01-01 to 2024-12-31

Maine Council on Aging, founded in 2012, is a community nonprofit in the Unknown sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum.

Mission

A broad multi-disciplinary network that works to ensure we can all live healthy, engaged, and secure lives as we age in our homes and communities. With the voices of people with lived experience, we work on policy issues related to poverty, housing, transportation, food, social connection and care across all settings.

Program Service Accomplishments

Program 1

Expenses: $1,030,850

A primary focus of the work this year was to address food insecurity and social isolation of older people across ME, NH, VT, NY, and MA. This was accomplished by standing up a learning network across the region, focused on programs that work to address these issues. Another part of the work was to offer micro-grants to organizations for sustainable activities that would strengthen food access and social inclusion of older people.

Program 2

Expenses: $585,876

MCOA is advancing informed and innovative solutions to the barriers that stand in the way of us all living healthy, engaged, and secure lives as we age at home and in community settings. This work...

MCOA is advancing informed and innovative solutions to the barriers that stand in the way of us all living healthy, engaged, and secure lives as we age at home and in community settings. This work spans many sectors and issues, including housing, transportation, workforce, both ensuring an adequate direct care workforce and ensuring older workers are included as a part of the solution to Maine's workforce shortage, care across all settings, and support for family care partners.

Program 3

Expenses: $214,605

Our Reframing Aging initiative was reborn as our Power in Aging Initiative in 2021. This project engages groups of people, specifically targeting HR directors, the media, healthcare, and employers...

Our Reframing Aging initiative was reborn as our Power in Aging Initiative in 2021. This project engages groups of people, specifically targeting HR directors, the media, healthcare, and employers, in conversations about ageism and the importance to our health, workforce, and economy, to building an age-positive culture and outlook in these areas.

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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 $2,095,953

Program Service Revenue $0

Investment Income $48,726

Other Revenue $0

TOTAL REVENUE $2,144,679

Expense Breakdown

Grants Paid $647,453

Salaries & Benefits $715,132

Fundraising Expenses $50,858

Program Expenses $1,982,681

Other Expenses $720,125

TOTAL EXPENSES $2,133,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,144,679	$1,025,609	+1.1%
Expenses	$2,133,568	$1,013,770	+1.1%
Net Income	$11,111	$11,839	-0.1%

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

N/A

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

$106,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jess Maurer	Executive Dir.	40.00	Officer	$106,632	$0	$106,632
Sara Forgione	Director	1.00	Director	$0	$0	$0
Leah Graham	Chairman	1.00	Director	$0	$0	$0
Donna Kelley	Chairman	1.00	Director	$0	$0	$0
Kevin Lewis	Director	1.00	Director	$0	$0	$0
Peter Baker	Secretary	1.00	Director	$0	$0	$0
Catherine Ryder	Director	1.00	Director	$0	$0	$0
Angela Cole Westoff	Director	1.00	Director	$0	$0	$0
Frank Brooks	Director	0.00	Director	$0	$0	$0
Claudette Ndayininahaze	Director	0.00	Director	$0	$0	$0
Sharon Foerster	Director	0.00	Director	$0	$0	$0
Jeffrey Barkin	Director	0.00	Director	$0	$0	$0
Bill Jenks	Director	0.00	Director	$0	$0	$0
MaryJane Richards	Director	1.00	Officer	$0	$0	$0
Betsy Sawyer-Manter	Treasurer	1.00	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
2024	$2,144,679	$2,133,568	$465,924	$11,111
2023	$1,025,609	$1,013,770	$1,634,148	$11,839
2022	$691,527	$684,037	$459,742	$7,490
2021	$381,100	$358,995	$282,349	$22,105
2020	$351,557	$322,221	$199,755	$29,336
2019	$316,265	$315,390	$100,100	$875
2018	$221,722	$204,483	$116,584	$17,239