HELP ELIMINATE LEGAL PROBLEMS FOR SENIORS AND DISABLED

EIN: 462637954 501(c)(3)

Salem, OR

Total Revenue
$1,785,681
Total Expenses
$1,447,562
Total Assets
$394,094
Net Assets
$21,246
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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
2013
Legal Domicile
OR
Principal Officer
Eric Olsen
Phone
8554357787
Tax Period
2024-01-01 to 2024-12-31

HELP ELIMINATE LEGAL PROBLEMS FOR SENIORS AND DISABLED, founded in 2013, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $338K, a strong 19% operating margin.

Mission

We help lower-income senior citizens and legally disabled persons maintain financial independence by serving as representation for the receipt of debt collection contact as described by the FDCPA. We educate and inform our clients about the laws protecting them so they can make decisions based on reality instead of fear. With adequate legal protection and understanding of their legal protections our clients can choose to pay for their basic necessities instead of using these funds for unsecured debt.

Program Service Accomplishments

Program 1
Expenses: $414,127 Revenue: $1,785,681

At or around 2,281 new clients received HELPS representation for our fee based on household income or discounted below the household income based fee schedule due to financial hardship or unforeseen...

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At or around 2,281 new clients received HELPS representation for our fee based on household income or discounted below the household income based fee schedule due to financial hardship or unforeseen circumstances. At or around 10,490 existing clients continued receiving our services.

Program 2
Expenses: $229,820 Revenue: $0

Initial enrollment of 118 pro bono clients was done to support HELPS objective of offering services to all eligible individuals requiring representation. During intake it was established that these...

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Initial enrollment of 118 pro bono clients was done to support HELPS objective of offering services to all eligible individuals requiring representation. During intake it was established that these clients had incomes below the $800 fee threshold or faced financial circumstances that rendered fee payment overly burdensome. An estimated additional 3242 clients received our services without charge. These individuals were either HELPS clients enrolled before faced substantial financial difficulties that made any payment for our representation unmanageable.

Program 3
Expenses: $118,436 Revenue: $0

In 2023 we spoke with at or around 8815 senior citizens legally disabled persons and other persons who contacted us for more information about our services and the laws protecting their incomes...

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In 2023 we spoke with at or around 8815 senior citizens legally disabled persons and other persons who contacted us for more information about our services and the laws protecting their incomes. Please see Schedule O for more information.

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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 $0
Program Service Revenue $1,785,681
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,785,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $673,592
Fundraising Expenses $0
Program Expenses $762,383
Other Expenses $767,594
TOTAL EXPENSES $1,447,562

Year-over-Year Comparison

2024 2023 Change
Revenue $1,785,681 $1,456,828 +0.2%
Expenses $1,447,562 $1,491,770 0.0%
Net Income $338,119 $-34,942 -10.7%
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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Governance

Voting Members
3
Independent Members
2
Employees
20
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
2
$0
Total Directors
3
$114,000
Key Employees
1
$136,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Olsen Executive Director 40.00
Key Emp
$136,000 $0 $136,000
Rex K Daines President 0.50
Officer Director
$0 $0 $0
Kaisa Janzen Director 60.00
Director
$114,000 $0 $114,000
Marissa Scofield Director 0.00
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 $1,785,681 $1,447,562 $394,094 $338,119
2023 $1,456,828 $1,491,770 $1,459,337 $-34,942
2023 $1,456,828 $1,491,770 $187,256 $-34,942
2023 $1,457,635 $1,560,580 $45,193 $-102,945
2022 $1,374,928 $1,504,042 $140,670 $-129,114
2021 $1,174,073 $1,179,334 $264,572 $-5,261
2020 $897,488 $903,899 $214,177 $-6,411
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