THE COUNCIL ON AGING OF MARTIN COUNTY INC

EIN: 521007762 501(c)(3)

STUART, FL

Total Revenue
$8,402,546
Total Expenses
$8,008,329
Total Assets
$14,674,416
Net Assets
$13,379,341
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
FL
Principal Officer
KAREN RIPPER
Phone
7722237800
Tax Period
2024-07-01 to 2025-06-30

THE COUNCIL ON AGING OF MARTIN COUNTY INC, founded in 1974, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $8.0M left a modest 5% surplus.

Mission

OUR MISSION IS TO BE THE UNPARALLELED RESOURCE OF EXPERTISE, PROGRAMMING AND SUPPORT FOR SENIORS IN MARTIN COUNTY. THE GOAL IS FOR SENIORS TO LIVE IN THEIR OWN HOMES FOR AS LONG AS POSSIBLE AND AVOID INSTITUTIONAL PLACEMENT DECREASING THE FINANCIAL AND EMOTIONAL BURDEN ON FAMILIES AND SOCIETY AND HAVING A BETTER QUALITY OF LIFE.

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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 $3,911,800
Program Service Revenue $3,824,065
Investment Income $609,233
Other Revenue $57,448
TOTAL REVENUE $8,402,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,564,929
Fundraising Expenses $328,939
Program Expenses $6,910,647
Other Expenses $3,443,400
TOTAL EXPENSES $8,008,329

Year-over-Year Comparison

2024 2023 Change
Revenue $8,402,546 $7,689,875 +0.1%
Expenses $8,008,329 $7,062,987 +0.1%
Net Income $394,217 $626,888 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
88
Volunteers
335

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
6
$313,863
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK CLEAVER DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM G CLIFFORD DIRECTOR 0.50
Director
$0 $0 $0
JILL BALL DIRECTOR 0.50
Director
$0 $0 $0
NICKI SCHOONOVER PAST CHAIR 0.50
Director
$0 $0 $0
JAMES SIMONEAU DIRECTOR 0.50
Director
$0 $0 $0
HEIDI LAHTI SECRETARY 1.50
Officer Director
$0 $0 $0
GARY MERRITT DIRECTOR 0.50
Director
$0 $0 $0
DR NEIL BOLAND CHAIR 1.50
Officer Director
$0 $0 $0
ALLEN HERSKOWITZ DIRECTOR 0.50
Director
$0 $0 $0
GREG NUTTALL VICE CHAIR 1.50
Officer Director
$0 $0 $0
ELIZABETH ABEYTA-PRICE DIRECTOR 0.50
Director
$0 $0 $0
HILBERT BERT GISCOMBE TREASURER 1.50
Officer Director
$0 $0 $0
STEVE MCGOVERN DIRECTOR 0.50
Director
$0 $0 $0
KAREN RIPPER PRESIDENT/CEO 40.00
Officer
$165,600 $14,637 $180,237
CARMEN WALLACE CHIEF FINANCIAL OFFICER 40.00
Officer
$121,164 $12,462 $133,626
MICHELE JACOBS CPO 40.00
Highest
$137,655 $13,084 $150,739
MILDRED SABO MD 40.00
Highest
$158,543 $1,550 $160,093
KAITLYN DIAMOND ARNP 40.00
Highest
$113,611 $54 $113,665
ROBERT KENNEY MD 40.00
Highest
$226,318 $762 $227,080
JOHHANNA JOB ARNP 40.00
Highest
$127,343 $60 $127,403
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
2025 $8,402,546 $8,008,329 $14,674,416 $394,217
2024 $7,689,875 $7,062,987 $14,276,416 $626,888
2023 $6,137,761 $6,499,683 $13,576,519 $-361,922
2022 $6,566,033 $6,128,008 $13,620,253 $438,025
2021 $6,358,667 $5,482,369 $13,811,199 $876,298
2020 $5,863,143 $6,193,572 $13,409,971 $-330,429
2019 $6,587,787 $5,884,491 $13,067,646 $703,296
2018 $6,206,073 $5,675,925 $12,538,154 $530,148
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