Maine Council on Aging

EIN: 461549012 501(c)(3) Unknown

Brunswick, ME

Total Revenue
$2,144,679
Total Expenses
$2,133,568
Total Assets
$465,924
Net Assets
$86,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
ME
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.

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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 (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

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Governance

Voting Members
15
Independent Members
15
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
3
$106,632
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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