MILFORD COUNCIL ON AGING CORPORATION

EIN: 060863519 501(c)(3) Housing & Shelter

MILFORD, CT

Total Revenue
$2,450,293
Total Expenses
$2,300,505
Total Assets
$1,524,523
Net Assets
$1,305,498
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CT
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.

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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%)

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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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Governance

Voting Members
10
Independent Members
10
Employees
47
Volunteers
90

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
5
$84,707
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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