RIDGEWOOD OLDER ADULT CENTER & SER… - 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

1974

Legal Domicile

Principal Officer

BETTY JONES

Phone

7184562000

Tax Period

2022-07-01 to 2023-06-30

RIDGEWOOD OLDER ADULT CENTER & SERVICES INC, founded in 1974, is a small nonprofit in the Human Services sector that reported $672K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.

Mission

RECREATION FOR SENIORS, LUNCH PROGRAMS FOR SENIORS, HEALTH SERVICES FOR SENIORS

Program Service Accomplishments

Program 1

Expenses: $697,750 Revenue: $13,148

THE ORGANIZATION HAS PROVIDED CHARITABLE, EDUCATIONAL, NUTRITIONAL, AND OTHER PROGRAMS AND ASSISTANCE FOR THE BENEFIT OF THE ELDERLY IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $658,697

Program Service Revenue $13,148

Investment Income $371

Other Revenue $0

TOTAL REVENUE $672,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,327

Fundraising Expenses $4,407

Program Expenses $697,750

Other Expenses $293,830

TOTAL EXPENSES $702,157

Year-over-Year Comparison

	2022	2021	Change
Revenue	$672,216	$724,202	-0.1%
Expenses	$702,157	$672,623	+0.0%
Net Income	$-29,941	$51,579	-1.6%

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

$107,670

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY JONES	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANGELA MIRABILE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN HENNESSEY	MEMBER	1.00	Officer Director	$0	$0	$0
JIM BITTEL	MEMBER	1.00	Director	$0	$0	$0
LINDA MCKINLEY	MEMBER	1.00	Director	$0	$0	$0
MIRIAM LAMBOY	MEMBER	1.00	Director	$0	$0	$0
LIZ GULLO	MEMBER	1.00	Director	$0	$0	$0
ELENA COSTEA	EXECUTIVE DIRECTOR	35.00	Officer	$107,670	$0	$107,670

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	No data	No data	No data	No data
2023	$672,216	$702,157	$227,371	$-29,941
2022	$724,202	$672,623	$308,062	$51,579
2021	$550,230	$548,439	$228,364	$1,791
2021	$549,789	$548,439	$228,364	$1,350
2020	$628,742	$624,459	$204,611	$4,283
2019	$629,089	$663,203	$194,112	$-34,114
2018	$601,891	$661,534	$173,134	$-59,643
2018	$536,646	$645,092	$149,883	$-108,446

RIDGEWOOD OLDER ADULT CENTER & SERVICES INC