Aroostook Area Agency on Aging Inc
Nonprofit profile at a glance
- EIN
- 010322531
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Presque Isle, ME, USA
- Phone
- 2077643396
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Centers
Reported finances
- Revenue
- $5,372,541
- Expenses
- $5,407,405
- Assets
- $2,465,524
- Liabilities
- $1,338,286
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- Barbara Robertson (President)
- Walter Elliott Jr (Vice President)
- Joy Barresi-Saucier (Executive Director)
Highest reported compensation
- Joy Barresi-Saucier (Executive Director): $131,893 total reported compensation
- Brad Turner (Finance Director (start 8/2024)): $45,910 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To act as a non-profit agency for the planning, administration, sponsorship, operation, and coordination of programs to enhance the welfare, independence, and well-being of the aging population, including older people, those with disabilities, their caregivers, and the general public, throughout Aroostook County.
What it reported doing in 2024
Social services and other programs to provide food, advocacy, transportation, legal, and other services to assist the elderly citizens in Northern Maine.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90%; rating input score 90
- Program expense ratio: 89.4%; rating input score 89
- Fundraising efficiency: $172.17 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.6%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 7.7% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 7.8% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 90% of revenue deployed · 89.4% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.8M in reported program spending
- Leadership: top reported pay $132K · 20 people listed
- Highest-paid contractors: 1 contractor listed · $485K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.