FRIENDS OF WESTPORT COUNCIL ON AGI… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

CAROL SKARBO

Phone

5086361026

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF WESTPORT COUNCIL ON AGING INC, founded in 1985, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $50K, a strong 63% operating margin.

Mission

PROVIDE FUNDING FOR PROGRAMS AND SERVICES PROVIDED TO THE ELDERLY IN WESTPORT, MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $14,672 Revenue: $43,741

MEMBER DUES, DONATIONS, AND ASSESSMENTS PROVIDE FUNDING FOR PROGRAMS AND SERVICES PROVIDED TO THE ELDERLY IN WESTPORT, MASSACHUSETTS.

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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 $43,741

Program Service Revenue $0

Investment Income $35,803

Other Revenue $0

TOTAL REVENUE $79,544

Expense Breakdown

Grants Paid $9,574

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,672

Other Expenses $19,654

TOTAL EXPENSES $29,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,544	$71,978	+0.1%
Expenses	$29,228	$18,883	+0.5%
Net Income	$50,316	$53,095	-0.1%

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
CINDY AZEVEDO	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
GAY GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SKARBO	PRESIDENT	10.00	Officer Director	$0	$0	$0
SUSAN READ	DIRECTOR	2.00	Director	$0	$0	$0
ROLANDE RODRIGUES	DIRECTOR	1.00	Director	$0	$0	$0
KAREN CROSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
CINDY REYNOLDS	DIRECTOR	1.50	Director	$0	$0	$0
LOUISE GERARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER CAMPBELL	TREASURER	5.00	Officer Director	$0	$0	$0
KATHLEEN CORBEIL	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN GOYETTE	DIRECTOR	1.00	Director	$0	$0	$0
WENDY GOLDBERG	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
2024	$79,544	$29,228	$767,306	$50,316
2023	$71,978	$18,883	$714,185	$53,095
2022	$59,531	$31,696	$641,520	$27,835
2021	$52,246	$17,030	$692,994	$35,216
2020	$28,030	$15,107	$667,813	$12,923
2019	$48,013	$37,911	$644,551	$10,102
2018	$75,416	$8,589	$601,008	$66,827

FRIENDS OF WESTPORT COUNCIL ON AGING INC