BRISTOL AGING & WELLNESS 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

1973

Legal Domicile

Principal Officer

SANDRA FRECHETTE

Phone

5086752101

Tax Period

2024-07-01 to 2025-06-30

BRISTOL AGING & WELLNESS INC, founded in 1973, is a mid-sized nonprofit in the Human Services sector that reported $55.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $49.7M left a modest 11% surplus.

Mission

FOUNDED IN 1973, BRISTOL AGING & WELLNESS, INC. IS A PRIVATE NON-PROFIT CORPORATION, DESIGNATED AS AN AGING SERVICES ACCESS POINT AND AN AREA AGENCY ON AGING. BRISTOL SERVES AS THE ENTRY POINT FOR ELDER SERVICES IN SOUTHEASTERN MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $13,101,805 Revenue: $808,723

HOME CARE: PREVENT INSTITUTIONALIZATION SO THAT LOW-INCOME AND FRAIL ELDERLY CAN AVOID COSTLY NURSING HOME ENVIRONMENT AND RECEIVE SERVICES AT HOME.

Program 2

Expenses: $6,711,879 Revenue: $247,056

ENHANCED COMMUNITY OPTIONS PROGRAM (ECOP): PROVIDES A RANGE OF COMMUNITY SERVICES TO ELDERS TO ENABLE THEM TO AVOID THE COSTLY NURSING FACILITY ENVIRONMENT AND TO REMAIN IN THE COMMUNITY.

Program 3

Expenses: $13,280,739 Revenue: $14,458,878

SENIOR CARE OPTIONS PROVIDES A HEALTH PLAN FOR LOW-INCOME SENIORS WHO QUALIFY FOR BOTH MEDICARE AND MEDICAID.

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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 $39,649,854

Program Service Revenue $15,435,118

Investment Income $404,096

Other Revenue $203,154

TOTAL REVENUE $55,692,222

Expense Breakdown

Grants Paid $31,760,516

Salaries & Benefits $14,224,784

Fundraising Expenses $0

Program Expenses $48,008,970

Other Expenses $3,764,510

TOTAL EXPENSES $49,749,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,692,222	$49,042,275	+0.1%
Expenses	$49,749,810	$44,655,484	+0.1%
Net Income	$5,942,412	$4,386,791	+0.4%

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

217

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

$853,935

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE ALMOND	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
WENDY J ADAMS	DIRECTOR	0.25	Director	$0	$0	$0
KATHLEEN STROZYK	DIRECTOR	0.25	Director	$0	$0	$0
KERRY ZEIDA	DIRECTOR	0.25	Director	$0	$0	$0
JUDITH AUBIN	DIRECTOR	0.25	Director	$0	$0	$0
SANDRA CHRISTOUN	DIRECTOR	0.25	Director	$0	$0	$0
ASHLEY CARTWRIGHT	DIRECTOR	0.25	Director	$0	$0	$0
JIM DEARRUDA	SECRETARY	0.50	Officer Director	$0	$0	$0
BRITTANY LYNCH	DIRECTOR	0.25	Director	$0	$0	$0
DEBRA MALTAIS	DIRECTOR	0.25	Director	$0	$0	$0
JENNIFER MILLERICK	DIRECTOR	0.25	Director	$0	$0	$0
CHAITALI PATEL	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
LAURA MITCHELL	TREASURER	0.50	Officer Director	$0	$0	$0
CLAIRE SULLIVAN	DIRECTOR	0.25	Director	$0	$0	$0
RENEE HOWAYECK	DIRECTOR	0.25	Director	$0	$0	$0
SANDRA FRECHETTE	CHIEF EXECUTIVE OFFICER	36.25	Officer	$219,986	$20,034	$240,020
SUSAN BENFEITO	CHIEF FINANCIAL OFFICER	36.25	Officer	$150,804	$16,910	$167,714
MELANIE MINUTELLI RAMOS	CHIEF PROGRAM OFFICER	35.00	Officer	$122,508	$6,768	$129,276
CHRISTINE SIROIS	CHIEF OPERATING OFFICER	35.00	Officer	$150,863	$8,037	$158,900
DIANE THOMAS	CHIEF OPERATING OFFICER	35.00	Officer	$149,988	$8,037	$158,025
JENNIFER DIAS REZENDES	PROTECTIVE SERVICES CLINICAL DIRECTOR	35.00	Highest	$100,542	$28,213	$128,755
KERRIE BRALEY	NURSING DIRECTOR	35.00	Highest	$106,720	$5,811	$112,531
DEBORAH AVILA-CARREIRO	NUTRITION DIRECTOR	35.00	Highest	$114,506	$5,822	$120,328
LISA KUROWSKI	PROTECTIVE SUPERVISOR	35.00	Highest	$105,450	$5,775	$111,225

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	$55,692,222	$49,749,810	$35,594,373	$5,942,412
2024	$49,042,275	$44,655,484	$29,633,737	$4,386,791
2023	$41,021,483	$38,453,783	$26,470,695	$2,567,700
2022	$36,848,253	$35,259,595	$23,803,109	$1,588,658
2021	$36,351,308	$32,565,046	$19,972,331	$3,786,262
2020	$34,863,854	$33,240,676	$16,201,935	$1,623,178
2019	$34,652,535	$33,545,211	$14,291,860	$1,107,324
2018	$33,336,342	$32,433,154	$14,859,844	$903,188