AGING WELL INC (EIN 050355098) - 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

1975

Legal Domicile

Principal Officer

RYAN MACLEOD

Phone

4017663734

Tax Period

2024-01-01 to 2024-12-31

AGING WELL INC, founded in 1975, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $347K, a strong 29% operating margin.

Mission

THE MISSION OF AGING WELL, INC. IS TO PROMOTE HEALTHY AGING THROUGH PROGRAMS, SERVICES AND RESOURCES TO ENHANCE AND ENRICH THE LIVES OF ADULTS AGE FIFTY-FIVE AND OLDER AND ADULTS WITH DISABILITIES THROUGHOUT THE COMMUNITIES WE SERVE

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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 $1,084,856

Program Service Revenue $92,103

Investment Income $0

Other Revenue $11,760

TOTAL REVENUE $1,188,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,035

Fundraising Expenses $0

Program Expenses $674,169

Other Expenses $374,427

TOTAL EXPENSES $841,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,188,719	$896,043	+0.3%
Expenses	$841,462	$923,167	-0.1%
Net Income	$347,257	$-27,124	-13.8%

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

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

$165,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA M CARCIFERO	CHAIRMAN	0.50	Officer Director	$0	$0	$0
SCOTT MCGEE	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
DONNA J MACDONALD	SECRETARY	0.50	Officer Director	$0	$0	$0
MADELEINE L'ESPERANCE	TREASURER	0.50	Officer Director	$0	$0	$0
CLAUDETTE REMILLARD	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN JASMIN	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES FOGERTY	DIRECTOR	0.50	Director	$0	$0	$0
STEVE BACON	DIRECTOR	0.50	Director	$0	$0	$0
RYAN MACLEOD	EXECUTIVE DIRECTOR	35.00	Officer	$47,692	$0	$47,692
DAVID WEBSTER	FINANCE DIRECTOR	35.00	Officer	$52,155	$0	$52,155
LINDA PAUL RETIRED 2024	FINANCE DIRECTOR	35.00	Officer	$28,192	$0	$28,192
BARBARA WATERMAN RETIRED 2024	EXECUTIVE DIRECTOR	35.00	Officer	$37,657	$0	$37,657

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	$1,188,719	$841,462	$653,344	$347,257
2023	$896,043	$923,167	$336,998	$-27,124
2022	$850,571	$864,941	$382,144	$-14,370
2021	$1,037,280	$865,673	$391,713	$171,607
2020	$814,018	$837,093	$343,725	$-23,075
2018	$885,285	$892,742	$236,234	$-7,457

AGING WELL INC