Canaan Senior Service Center (EIN 112358083) - 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

1972

Legal Domicile

Principal Officer

Rev Dr Thomas D Johnson Sr

Phone

2128762638

Tax Period

2024-07-01 to 2025-06-30

Canaan Senior Service Center, founded in 1972, is a small nonprofit that reported $491K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $461K left a modest 6% surplus.

Mission

The Canaan Senior Service Center is a community based organization that reaches out to citizens 60 years of age or older in the Harlem community and beyond, to provide activities, programs and services which enhance their quality of life, diverse interests and needs.

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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 $487,823

Program Service Revenue $0

Investment Income $3

Other Revenue $2,950

TOTAL REVENUE $490,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $329,148

Fundraising Expenses $0

Program Expenses $461,374

Other Expenses $132,226

TOTAL EXPENSES $461,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,776	$441,241	+0.1%
Expenses	$461,374	$429,134	+0.1%
Net Income	$29,402	$12,107	+1.4%

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

$66,905

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Parker	Program Dir.	40.00	Officer	$54,425	$0	$54,425
Rev Dr Thomas D Johnson Sr	Executive Dir.	25.00	Officer	$6,240	$0	$6,240
Tracey Hagens	Co-Exec. Dir.	20.00	Officer	$6,240	$0	$6,240
Scherry Furse	Actg.Pres/Treas	6.00	Officer Director	$0	$0	$0
Johnnie Patterson	Board Member	5.00	Director	$0	$0	$0
Jessica Williams	Secretary	5.00	Officer Director	$0	$0	$0
Kevin Glover	Board Member	5.00	Director	$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	$490,776	$461,374	$204,987	$29,402
2024	$441,241	$429,134	$158,849	$12,107
2023	$472,251	$458,483	$113,610	$13,768
2022	$442,261	$422,802	$263,565	$19,459
2021	$388,427	$367,560	$110,925	$20,867
2020	$500,413	$538,462	$120,284	$-38,049
2019	$544,182	$551,247	$97,666	$-7,065
2018	$522,706	$517,275	$93,946	$5,431

Canaan Senior Service Center