How Spectrum Generations is Funded

Federal and State Funding Changes Require Us To Change How We Do Business 

Maine is the oldest state in the nation with the highest percentage of baby boomers.  One in four Mainers is projected to be over the age of 60 within 20 years.  These individuals - our parents, grandparents and neighbors - wish to remain in their homes and to age in place in the communities they have long lived.   The Older Americans Act (OAA) funding, however,  is not keeping pace with our aging population and policy makers have been reluctant to make funding of seniors a priority at a time when service needs continue to grow. 

For more than 42 years, older and disabled adults have relied on Spectrum Generations to provide them the help they need to be healthy and live independent, vibrant lives.  Despite evidence that Older Americans Act (OAA) descretionary programs do save Medicare and Maine Care dollars, Congress has allowed OAA funding to stagnate in the past decade. That stagnation, combined with $122,647 in sequestration cuts in FY13 and FY14, has eroded our ability to meet the escalating needs of Maine's most vulnerable adults.  In 2004, we received $2.7 million in state and federal grants.  With the cumulative rate of inflation at 25.7% over the last decade you would expect today's state and federal dollars to be near $3.4 million.  Instead, it went down $1 million - yet the need is much greater today. 

Federal and state revenues continue to be a smaller piece of our total budget.  Without adequate funding older and disabled adults will be forced into more expensive alternatives that require them to leave their homes and not be able to age in place.   To insure those we serve can continue to count on us, we must change how we do business.

10 Year Comparison

 
 
Federal Funding
State Funding
Fee-for Service
Donations & Public Support
Sales/Fundraising
Rental Income

Other Revenue

FY04
 
2,336,123
401,005
1,217,091
720,660
254,244
335,749
68,547
5,333,419

 

 
(donors, Uways, Municipal funding)
(catering, activities, special events, advertising)
 
Federal Funding
State Funding
Fee-for Service
Donations & Public Support
Sales/Fundraising
Rental Income
Other Revenue
FY14
 
2,223,701
195,543
2,498,485
756,553
253,453
358,239
106,003
6,391,977
federal funding
state funding
 
2,336,123
401,005
2,737,128
   
 
2,223,701
195,543
2,419,244

Why the Shift to Fee-For-Service Programs 

Without new revenue streams and fee-for-service initiatives, we would have to curtail our service levels at a time when demand is growing.  Funding stagnation and sequestration forced us to be smarter and find new solutions.  Spectrum Generations has made an entrepreneurial switch to help fill these funding gaps with fee-for service programs.   Proceeds from our  Bridges Home Care division, Cohen on the Meadows, and Community Case Management are put back into our community programs.   When you or someone you know utilizes these programs, you are helping us fill the funding gap.

We focus on efficiently managing our funds with low overhead resulting in 87% of dollars going directly into our program services. We also use volunteer labor for direct services - we could not do what we do without volunteer support.

We Can't Do It Without You 

Our funding is complex and fragile.   Federal funds are non-defense, descretionary and routinely subject to fluctuation. We depend on matching funds from local and county governments to supplement OAA services to meet the basic needs of Maine's people.   We must rely on the support of local communities, individual donors, municipalities, United Ways, businesses, corporate sponsorships and charitable foundations.  Our fundriasing events also play an important role in making certain we turn no one away from the help they need.  Without the help of these community partners, a senior citizen or a disabled adult may not be able to get a critical service.  Help us help someone's mother, grandfather or neighbor to get the basic help they need  to age in place.

Amount we reinvested into our six central Maine counties:
2004
$5,164,509
2014
$6,114,720

 

 

We made a difference in the communities we served!

Your tax deductible financial donation ensures the independence and dignity of central Maine's older and disabled adults.  Please join us in being part of the solution our older neighbors must rely on.