NASHUA ASSOCIATION FOR THE ELDERLY… - 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

1978

Legal Domicile

Principal Officer

MARTHA ACKERMAN

Tax Period

2024-01-01 to 2024-12-31

NASHUA ASSOCIATION FOR THE ELDERLY INC, founded in 1978, is a small nonprofit in the Human Services sector that reported $565K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE HEALTHY AGING, INDEPENDENCE, AND THE WELL-BEING OF OLDER ADULTS THROUGH HEALTH.

Program Service Accomplishments

Program 1

Expenses: $243,110 Revenue: $151,619

TO PROVIDE SPECIALS, TRIPS AND PROGRAMS FOR PERSONAL INTERACTION OF THE MEMBERS AS WELL AS ENTERTAINMENT AND EDUCATION OF THE ELDERLY WITH DANCES, MUSICAL AND CRAFT PROGRAMS, OUT OF TOWN ACTIVITIES...

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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 $269,952

Program Service Revenue $151,619

Investment Income $25,740

Other Revenue $117,651

TOTAL REVENUE $564,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,808

Fundraising Expenses $144,121

Program Expenses $243,110

Other Expenses $266,583

TOTAL EXPENSES $553,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$564,962	$496,571	+0.1%
Expenses	$553,391	$536,276	+0.0%
Net Income	$11,571	$-39,705	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA ACKERMAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
JUNE CARON	DIRECTOR	N/A	Director	$0	$0	$0
LORI CORDOVA	DIRECTOR	5.00	Director	$0	$0	$0
PAMELA FORD	DIRECTOR	5.00	Director	$0	$0	$0
DAVID FREDETTE	INTERIM TREA	10.00	Officer Director	$0	$0	$0
BOB GOYETTE	DIRECTOR	5.00	Director	$0	$0	$0
JUDY HAYWOOD	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN KENNY	DIRECTOR	5.00	Director	$0	$0	$0
TYLER MCAFEE	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
BRENDA PERRIER	TREASURER	10.00	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	$564,962	$553,391	$813,659	$11,571
2023	$496,571	$536,276	$773,593	$-39,705
2022	$713,788	$504,278	$780,852	$209,510
2021	$494,827	$437,572	$613,451	$57,255
2020	$500,230	$364,950	$560,510	$135,280
2019	$652,927	$577,988	$401,926	$74,939
2018	$550,908	$553,263	$319,903	$-2,355

NASHUA ASSOCIATION FOR THE ELDERLY INC