FRIENDS OF ORLEANS COUNCIL ON AGING (EIN 042673028) - 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

1989

Legal Domicile

Principal Officer

CAROL HACKETT

Phone

5082403867

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF ORLEANS COUNCIL ON AGING, founded in 1989, is a micro nonprofit in the Human Services sector that reported $44K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $49K exceeded revenue, resulting in a 10% operating deficit.

Mission

FUNDING OF THE ARTS, FOOD AND COMMUNITY CARE PROGRAMS FOR SENIORS IN NEED,DONE IN CONJUNCTION WITH THE ORLEANS,MA 02653 COUNCIL ON AGING.

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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 $35,522

Program Service Revenue $0

Investment Income $8,620

Other Revenue $0

TOTAL REVENUE $44,142

Expense Breakdown

Grants Paid $12,497

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,005

Other Expenses $36,162

TOTAL EXPENSES $48,659

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,142	$40,667	+0.1%
Expenses	$48,659	$53,763	-0.1%
Net Income	$-4,517	$-13,096	-0.7%

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

N/A

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
BARBARA O'CONNOR	SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGE WAUGH	TREASURER	2.00	Officer Director	$0	$0	$0
CAROL HACKETT	PRESIDENT	5.00	Officer Director	$0	$0	$0
CLAIRE GRADONE	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE ENGELHARDT	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE MCCULLY	DIRECTOR	1.00	Director	$0	$0	$0
ARLENE BARRETT	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$44,142	$48,659	$455,404	$-4,517
2023	$40,667	$53,763	$459,921	$-13,096
2022	$33,376	$36,238	$473,017	$-2,862
2021	$170,458	$31,250	$475,879	$139,208
2020	$112,568	$22,889	$336,671	$89,679
2019	$218,758	$32,593	$246,992	$186,165

FRIENDS OF ORLEANS COUNCIL ON AGING