AGESPAN INC (EIN 042545136) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

TAMMY O'DONNELL

Phone

9786837747

Tax Period

2023-07-01 to 2024-06-30

AGESPAN INC, founded in 1974, is a major nonprofit in the Human Services sector that reported $133.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $128.1M left a modest 4% surplus.

Mission

OUR VISION: A FUTURE WHERE EVERYONE CAN CHOOSE TO LIVE AND AGE WELL, IN COMMUNITIES THAT SUPPORT THEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $78,681,191

Program Service Revenue $54,489,357

Investment Income $623,826

Other Revenue $1,609

TOTAL REVENUE $133,795,983

Expense Breakdown

Grants Paid $958,968

Salaries & Benefits $39,097,079

Fundraising Expenses $331,905

Program Expenses $120,830,015

Other Expenses $88,016,022

TOTAL EXPENSES $128,072,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,795,983	$114,281,456	+0.2%
Expenses	$128,072,069	$112,560,025	+0.1%
Net Income	$5,723,914	$1,721,431	+2.3%

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

590

Volunteers

457

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

$534,364

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RURAK	PRESIDENT	1.00	Officer Director	$0	$0	$0
COLLEEN RANSHAW-FIORELLO	CLERK	1.00	Officer Director	$0	$0	$0
MAURICE E BALBONI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHREIBER MD	TREASURER	1.00	Officer Director	$0	$0	$0
TERESA GOVE ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BERARDINO	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA BLAQUIERE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN BUSHNELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HOLLOWAY JR	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE MUSCATO	DIRECTOR	1.00	Director	$0	$0	$0
GRACE ANN STEED	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA VELEZ	DIRECTOR	1.00	Director	$0	$0	$0
GARY LEE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA LEVIN	DIRECTOR END 11/23	1.00	Director	$0	$0	$0
ALEX PEREZ	DIRECTOR END 11/23	1.00	Director	$0	$0	$0
JOAN F HATEM-ROY	CHIEF EXECUTIVE OFFICER	37.50	Officer	$287,852	$13,889	$301,741
TAMMY A O'DONNELL	CHIEF FINANCIAL OFFICER	37.50	Officer	$218,286	$14,337	$232,623
CHRISTINE M TARDIFF	CHIEF OPERATING OFFICER/VP	37.50	Highest	$214,603	$10,582	$225,185
DEBORAH R CROOKE	CHIEF INFORMATION OFFICER	37.50	Highest	$169,367	$16,177	$185,544
JENNIFER R RAYMOND	CHIEF STRATEGY OFFICER	37.50	Highest	$184,824	$3,081	$187,905
SHELLY DESIMONE	CHIEF HR OFFICER	37.50	Highest	$167,879	$14,352	$182,231
ANNA BELLOWS	GENERAL COUNSEL	37.50	Highest	$156,739	$13,348	$170,087

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	$133,795,983	$128,072,069	$65,469,445	$5,723,914
2023	$114,281,456	$112,560,025	$52,325,158	$1,721,431
2022	$107,934,032	$101,015,725	$46,498,915	$6,918,307
2021	$97,466,570	$92,952,643	$41,301,216	$4,513,927
2020	$97,910,163	$97,515,145	$36,540,350	$395,018
2019	$75,585,513	$72,552,406	$27,985,717	$3,033,107
2018	$69,258,005	$67,380,167	$24,213,366	$1,877,838

AGESPAN INC