Friends of the Holyoke Council on … - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

Elaine A Pluta

Phone

4133225625

Tax Period

2024-01-01 to 2024-12-31

Friends of the Holyoke Council on Aging Inc, founded in 2008, is a micro nonprofit in the Human Services sector that reported $43K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 84% operating margin.

Mission

To assist in funding the programs and activities of the Holyoke Council on Aging.

Program Service Accomplishments

Program 1

Expenses: $950

Refurbished billiard table in Senior Center.

Program 2

Expenses: $567

Lettering and floor mats for new Senior Center transport vehicle.

Program 3

Expenses: $156

New display case and dispenser for the Senior Center.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,798

Program Service Revenue $0

Investment Income $31,579

Other Revenue $243

TOTAL REVENUE $42,620

Expense Breakdown

Grants Paid $3,064

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,673

Other Expenses $3,613

TOTAL EXPENSES $6,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,620	$24,964	+0.7%
Expenses	$6,677	$80,438	-0.9%
Net Income	$35,943	$-55,474	-1.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSEMARY DESGRES	Director	1.00	Director	$0	$0	$0
JOAN GRADY	Director	1.00	Director	$0	$0	$0
JANICE MCKENZIE	Director	1.00	Director	$0	$0	$0
CAROL ANN PORTER	Director	1.00	Director	$0	$0	$0
EDWARD PORTER	Director	1.00	Director	$0	$0	$0
BARBARA SBREGA	Director	1.00	Director	$0	$0	$0
FRANCES WILHELMI	Director	1.00	Director	$0	$0	$0
GERALD TESINI	Director	1.00	Director	$0	$0	$0
ELAINE A PLUTA	President	1.00	Officer	$0	$0	$0
JAMES MANNING	Vice President	1.00	Officer	$0	$0	$0
ANN CALVANESE	SecretaryClerk	1.00	Officer	$0	$0	$0
SUSAN FRANCIS	Asst SecretaryClerk	1.00	Officer	$0	$0	$0
PAUL ST GEORGES	Treasurer	1.00	Officer	$0	$0	$0
MARY LOU COMTOIS	Asst 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
2025	No data	No data	No data	No data
2024	$42,620	$6,677	$510,168	$35,943
2023	$24,964	$80,438	$474,252	$-55,474
2022	$8,781	$9,431	$505,428	$-650
2021	$15,729	$17,082	$505,468	$-1,353
2020	$19,942	$9,581	$506,821	$10,361
2019	$35,144	$16,878	$496,460	$18,266
2018	$25,898	$17,161	$478,194	$8,737

Friends of the Holyoke Council on Aging Inc