OLD COLONY ELDER SERVICES INC

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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

YOLANDA AMERICA

Phone

5085841561

Tax Period

2023-07-01 to 2024-06-30

OLD COLONY ELDER SERVICES INC, founded in 1974, is a mid-sized nonprofit that reported $75.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

OLD COLONY ELDER SERVICES ("OCES") SUPPORTS THE INDEPENDENCE AND DIGNITY OF OLDER ADULTS AND INDIVIDUALS WITH DISABILITIES BY PROVIDING ESSENTIAL INFORMATION AND SERVICES THAT PROMOTE HEALTHY AND SAFE LIVING.

Program Service Accomplishments

Program 1

Expenses: $22,021,901 Revenue: $22,243,935

THE SENIOR CARE OPTIONS PROGRAM PROVIDES SERVICES TO SENIORS WHO ARE ELIGIBLE FOR MEDICAID AND MAY BE ELIGIBLE FOR MEDICARE. THESE CONSUMERS RECEIVED A HEALTH-CARE PLAN INDIVIDUALIZED FOR THEIR...

THE SENIOR CARE OPTIONS PROGRAM PROVIDES SERVICES TO SENIORS WHO ARE ELIGIBLE FOR MEDICAID AND MAY BE ELIGIBLE FOR MEDICARE. THESE CONSUMERS RECEIVED A HEALTH-CARE PLAN INDIVIDUALIZED FOR THEIR PERSONAL NEEDS.

Program 2

Expenses: $15,283,303 Revenue: $15,407,651

THE COMMUNITY CHOICES PROGRAM PROVIDES HOME AND COMMUNITY-BASED SUPPORT SERVICES, CARE MANAGEMENT AND COORDINATION TO VERY FRAIL, LOW-INCOME ELDERS OVER SIXTY AND ON MEDICAID SO THEY MAY REMAIN...

THE COMMUNITY CHOICES PROGRAM PROVIDES HOME AND COMMUNITY-BASED SUPPORT SERVICES, CARE MANAGEMENT AND COORDINATION TO VERY FRAIL, LOW-INCOME ELDERS OVER SIXTY AND ON MEDICAID SO THEY MAY REMAIN LIVING AT HOME RATHER THAN IN INSTITUTIONS.

Program 3

Expenses: $12,816,922 Revenue: $13,792,616

STATE HOME CARE PROGRAM PROVIDES HOME AND COMMUNITY-BASED SUPPORT SERVICES, CARE MANAGEMENT AND COORDINATION TO FRAIL, LOW-INCOME ELDERS OVER THE AGE OF SIXTY.

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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 $3,275,654

Program Service Revenue $71,605,162

Investment Income $256,265

Other Revenue $50,761

TOTAL REVENUE $75,187,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,039,474

Fundraising Expenses $0

Program Expenses $69,671,552

Other Expenses $56,273,641

TOTAL EXPENSES $74,313,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,187,842	$63,871,796	+0.2%
Expenses	$74,313,115	$62,798,583	+0.2%
Net Income	$874,727	$1,073,213	-0.2%

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

299

Volunteers

886

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

$595,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD YOUNG	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAULA M P SCHLOSSER ESQ	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY G HILL	TREASURER	1.00	Officer Director	$0	$0	$0
JANE CARTHAS	DIRECTOR	1.00	Director	$0	$0	$0
MARY P COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA DEIBEL	DIRECTOR	1.00	Director	$0	$0	$0
LORI FAHEY	DIRECTOR	1.00	Director	$0	$0	$0
JANICE FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
MARY HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE KELLY	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN LASH	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY MARTEL	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY A MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY PAVASARIS	DIRECTOR	1.00	Director	$0	$0	$0
KEN PIKE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PITTI	DIRECTOR	1.00	Director	$0	$0	$0
SHARON RICE	DIRECTOR	1.00	Director	$0	$0	$0
ANN WELCH	DIRECTOR	1.00	Director	$0	$0	$0
ALISA DELAGE	CPO	35.00	Officer	$114,708	$3,598	$118,306
ANNA DEE	COO	35.00	Officer	$126,369	$4,193	$130,562
NICOLE LONG	CEO	35.00	Officer	$179,615	$30,044	$209,659
YOLANDA AMERICA	CFO	35.00	Officer	$108,823	$27,925	$136,748
TERESA M KOURTZ	PS DIRECTOR	35.00	Highest	$103,043	$27,969	$131,012

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	$75,187,842	$74,313,115	$30,418,954	$874,727
2023	$63,871,796	$62,798,583	$28,261,072	$1,073,213
2022	$59,979,464	$59,604,916	$23,434,425	$374,548
2021	$56,280,161	$55,426,473	$22,007,190	$853,688
2020	$57,499,133	$57,201,743	$21,708,151	$297,390
2019	$53,782,236	$52,728,424	$20,333,098	$1,053,812
2018	$49,196,875	$48,041,280	$18,959,362	$1,155,595