MILFORD COUNCIL ON AGING CORPORATI… - 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

1970

Legal Domicile

Principal Officer

LEONORA RODRIGUEZ

Phone

2038775131

Tax Period

2024-07-01 to 2025-06-30

MILFORD COUNCIL ON AGING CORPORATION, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 6% surplus.

Mission

TO SERVE THE SPECIALIZED NEEDS OF THE SENIOR CITIZEN POPULATION OF MILFORD, CONNECTICUT.

Program Service Accomplishments

Program 1

Expenses: $1,886,415 Revenue: $165,591

THE MILFORD COUNCIL ON AGING CORPORATION PROVIDES THE FOLLOWING PROGRAMS AND SERVICES TO THE SENIOR CITIZEN POPULATION OF MILFORD, CONNECTICUT:SENIOR PROGRAM - THE ORGANIZATION PROVIDES ENRICHMENT...

THE MILFORD COUNCIL ON AGING CORPORATION PROVIDES THE FOLLOWING PROGRAMS AND SERVICES TO THE SENIOR CITIZEN POPULATION OF MILFORD, CONNECTICUT:SENIOR PROGRAM - THE ORGANIZATION PROVIDES ENRICHMENT FOR SENIORS BY OFFERING A VARIETY OF ACTIVITIES AND SERVICES THAT INVOLVE SENIORS IN THE LIFE OF THE COMMUNITY THROUGH ASSOCIATION WITH THE ORGANIZATION, AND BY PROVIDING SOCIAL CONTACTS AND SUPPORT SYSTEMS.COMMUNITY SERVICES - THE ORGANIZATION PROVIDES TRANSPORTATION, SOCIAL SERVICES AND NUTRITION SERVICES TO MEMBERS OF THE COMMUNITY WHO MAY NOT BE ABLE TO ADEQUATELY PROVIDE THOSE SERVICES FOR THEMSELVES WITHOUT THE ORGANIZATION'S ASSISTANCE.

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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 $2,237,071

Program Service Revenue $165,591

Investment Income $47,631

Other Revenue $0

TOTAL REVENUE $2,450,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,271,807

Fundraising Expenses $18,384

Program Expenses $1,886,415

Other Expenses $1,028,698

TOTAL EXPENSES $2,300,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,450,293	$2,028,234	+0.2%
Expenses	$2,300,505	$2,201,831	+0.0%
Net Income	$149,788	$-173,597	-1.9%

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

$84,707

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIAN HOLMES	CHAIR	0.50	Officer Director	$0	$0	$0
PHILIP A CAPORUSSO	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MARY BETH STICKLEY	DIRECTOR	0.50	Director	$0	$0	$0
SHIRLEY SERRANO	TREASURER	0.50	Officer Director	$0	$0	$0
MARY LOU BEVVINO	DIRECTOR	0.50	Director	$0	$0	$0
LINDA STEPHENSON	DIRECTOR	0.50	Director	$0	$0	$0
BENJAMIN D GETTINGER	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN C DRAPP III	ASST TREASURER	0.50	Director	$0	$0	$0
JUNE RENZULLI	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM BEVAN	DIRECTOR	0.50	Director	$0	$0	$0
LEONORA RODRIGUEZ	EXECUTIVE DIRECTOR	40.00	Officer	$84,707	$0	$84,707

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	$2,450,293	$2,300,505	$1,524,523	$149,788
2024	No data	No data	No data	No data
2023	$1,987,912	$1,912,076	$1,330,215	$75,836
2022	$1,992,196	$1,696,904	$1,221,662	$295,292
2021	$1,879,380	$1,570,446	$1,033,583	$308,934
2020	$1,939,149	$1,797,475	$711,097	$141,674
2019	$1,986,877	$1,971,688	$550,886	$15,189

MILFORD COUNCIL ON AGING CORPORATION