The Friends of the Norfolk Council on Aging Inc (EIN 043119653) - 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

1983

Legal Domicile

Principal Officer

William Crane

Phone

5085286688

Tax Period

2024-05-01 to 2025-04-30

The Friends of the Norfolk Council on Aging Inc, founded in 1983, is a micro nonprofit that reported $42K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $69K exceeded revenue, resulting in a 62% operating deficit.

Mission

To perpetuate the dignity and well being of senior citizens in Norfolk, 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 $2,287

Program Service Revenue $7,962

Investment Income $32,189

Other Revenue $0

TOTAL REVENUE $42,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,029

Other Expenses $68,727

TOTAL EXPENSES $68,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,438	$25,088	+0.7%
Expenses	$68,727	$54,632	+0.3%
Net Income	$-26,289	$-29,544	-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

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
William Crane	President	5.00	Officer	$0	$0	$0
Cheryl Kelley	Secretary	5.00	Officer	$0	$0	$0
Edward Hamwey	Vice President	5.00	Officer	$0	$0	$0
Monica Weiss	Treasurer	5.00	Officer	$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	$42,438	$68,727	$637,321	$-26,289
2024	$25,088	$54,632	$635,089	$-29,544
2023	$1,941	$93,086	$618,560	$-91,145
2022	$39,890	$81,349	$708,242	$-41,459
2021	$66,800	$50,307	$799,663	$16,493
2020	$14,502	$32,248	$680,442	$-17,746
2019	$88,138	$44,199	$726,255	$43,939
2018	$61,427	$37,054	$710,066	$24,373

The Friends of the Norfolk Council on Aging Inc