ELDER SERVICES OF WORCESTER AREA INC (EIN 042545221) - 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

LISA KIPPAX

Phone

5087561545

Tax Period

2024-07-01 to 2025-06-30

ELDER SERVICES OF WORCESTER AREA INC, founded in 1974, is a mid-sized nonprofit in the Health Care sector that reported $50.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $48.3M left a modest 5% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE ELIGIBLE INDIVIDUALS WITH A RANGE OF SERVICES WHICH WILL ENHANCE THEIR QUALITY OF LIFE AND ALLOW THEM TO LIVE AS INDEPENDENTLY AS POSSIBLE WITH DIGNITY AND RESPECT. ANY SERVICES WHICH CAN FURTHER THESE ENDS MAY BE PROVIDED DIRECTLY, BY CONTRACT, OR BY REFERRALS.

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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 $28,858,655

Program Service Revenue $21,477,613

Investment Income $401,018

Other Revenue $0

TOTAL REVENUE $50,737,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,289,194

Fundraising Expenses $0

Program Expenses $45,866,284

Other Expenses $30,994,431

TOTAL EXPENSES $48,283,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,737,286	$46,628,573	+0.1%
Expenses	$48,283,625	$44,219,538	+0.1%
Net Income	$2,453,661	$2,409,035	+0.0%

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

342

Volunteers

425

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

$198,020

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA KIPPAX	EXECUTIVE DI	37.50	Officer	$188,805	$9,215	$198,020
MARGARET WOODWARD	FINANCE DIRE	37.50	Highest	$103,805	$28,845	$132,650
AMY BULLETT	OPERATIONS D	37.50	Highest	$110,789	$5,315	$116,104
KATHIE HUDSON	PROGRAM DIRE	37.50	Highest	$109,169	$5,233	$114,402
ANN MARIE PANTOS	HR DIRECTOR	37.50	Highest	$105,293	$5,185	$110,478
EILEEN CLARKSON	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA CRAGIN	DIRECTOR	1.00	Director	$0	$0	$0
RENEE D'ARGENTO	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA FLAHERTY	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS GAGIN	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN GANLEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARICELIS GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE HASTINGS	DIRECTOR	1.00	Director	$0	$0	$0
DIANE LANGFORD JAMES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JOHNSON	ASST. TREAS.	1.00	Officer Director	$0	$0	$0
LISA KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
ARLETTE LYNCH	ASST. TREASU	1.00	Officer Director	$0	$0	$0
RICHARD MANSFIELD	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND MANTYLA	VICE PRES./P	1.00	Officer Director	$0	$0	$0
LEAH MARONEY	DIRECTOR	1.00	Director	$0	$0	$0
MARYBETH O'DAY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE OFTRING	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA PASZUK	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
NANA SARKWA	PRESIDENT	1.00	Officer Director	$0	$0	$0
GRACE SLIWOSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
REV CLYDE TALLEY	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER TRUDELL	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA TURICK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT VAYO	TREASURER	1.00	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
2025	$50,737,286	$48,283,625	$32,904,956	$2,453,661
2024	No data	No data	No data	No data
2023	$39,833,895	$38,111,819	$28,339,121	$1,722,076
2022	$37,015,914	$34,804,973	$21,080,152	$2,210,941
2021	$34,130,586	$32,249,022	$18,172,905	$1,881,564
2020	$33,922,597	$32,520,183	$16,397,493	$1,402,414
2019	$32,231,008	$30,613,390	$14,969,074	$1,617,618
2018	$31,203,555	$29,581,994	$13,237,684	$1,621,561

ELDER SERVICES OF WORCESTER AREA INC