NATIONAL COUNCIL ON AGING INC

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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

1960

Legal Domicile

Principal Officer

RAMSEY ALWIN

Phone

5715273900

Tax Period

2023-07-01 to 2024-06-30

NATIONAL COUNCIL ON AGING INC, founded in 1960, is a mid-sized nonprofit that reported $97.5M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

NCOA IS THE NATIONAL VOICE FOR EVERY PERSON'S RIGHT TO AGE WELL. WORKING WITH THOUSANDS OF NATIONAL AND LOCAL PARTNERS, WE PROVIDE RESOURCES, TOOLS, BEST PRACTICES, AND ADVOCACY TO ENSURE EVERY PERSON CAN AGE WITH HEALTH AND FINANCIAL SECURITY. (CONT'D ON SCHEDULE O)FOUNDED IN 1950, WE ARE THE OLDEST NATIONAL ORGANIZATION FOCUSED ON OLDER ADULTS.

Program Service Accomplishments

Program 1

Expenses: $36,901,227 Revenue: $960,537

HEALTHY AGING PROGRAMS: SUPPORT THE EXPANSION AND SUSTAINABILITY OF HEALTH PROMOTION AND DISEASE PREVENTION PROGRAMS FOR OLDER ADULTS.

Program 2

Expenses: $35,335,837

WORKFORCE DEVELOPMENT: PROVIDE TRAINING, SUPPORT, AND JOB PLACEMENT TO ENABLE OLDER ADULTS TO REENTER THE WORKFORCE.

Program 3

Expenses: $15,585,118 Revenue: $542,478

ECONOMIC WELL BEING: PROVIDE SERVICES AND SUPPORTS TO INCREASE OLDER ADULTS' ACCESS TO BENEFITS PROGRAMS THAT INCREASE THEIR FINANCIAL SECURITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $93,113,102

Program Service Revenue $4,058,047

Investment Income $377,373

Other Revenue $0

TOTAL REVENUE $97,548,522

Expense Breakdown

Grants Paid $64,738,558

Salaries & Benefits $14,106,493

Fundraising Expenses $1,719,231

Program Expenses $91,433,809

Other Expenses $19,313,143

TOTAL EXPENSES $98,158,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,548,522	$69,395,608	+0.4%
Expenses	$98,158,194	$72,751,659	+0.3%
Net Income	$-609,672	$-3,356,051	-0.8%

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

738

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

$1,734,944

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY J GREENLEE	CHAIR	1.00	Officer Director	$0	$0	$0
CONSTANCE WEAVER	TREASURER	1.00	Officer Director	$0	$0	$0
PETER ZIEBELMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
PHILIP BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
JUNE SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
SOMAVA SAHA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MARKIEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH S PALMER	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA PELAEZ	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL E WOODSON MD	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COLE	DIRECTOR	1.00	Director	$0	$0	$0
SIAN-PIERRE REGIS	DIRECTOR	1.00	Director	$0	$0	$0
RAMSEY ALWIN	PRESIDENT & CEO	40.00	Officer	$465,962	$21,994	$487,956
JOSHUA HODGES	VP AND CCO	40.00	Officer	$277,487	$28,137	$305,624
KAREN DAVIS	VP AND CMO	40.00	Officer	$250,765	$14,243	$265,008
ALFREDA DAVIS	VP AND CHIEF OF STAFF	40.00	Officer	$208,839	$11,543	$220,382
KEVIN MADDEN	CFO	40.00	Officer	$268,437	$15,802	$284,239
BRENDA SULICK	VP AND CAO (THRU 9/14/23)	40.00	Officer	$143,427	$28,308	$171,735
HOWARD BEDLIN	SENIOR DIRECTOR	40.00	Highest	$247,422	$42,527	$289,949
NICOLE KNOWLES	SENIOR DIRECTOR	40.00	Highest	$220,022	$44,767	$264,789
SUSAN STILES	SENIOR DIRECTOR (THRU 11/31/23)	40.00	Highest	$185,868	$30,651	$216,519
KATHLEEN CAMERON	SENIOR DIRECTOR	40.00	Highest	$186,591	$35,783	$222,374
STEPHEN SMITH	SENIOR DIRECTOR	40.00	Highest	$196,431	$36,521	$232,952

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	$97,548,522	$98,158,194	$23,241,798	$-609,672
2023	$69,395,608	$72,751,659	$23,823,784	$-3,356,051
2022	$70,712,462	$61,566,543	$27,465,628	$9,145,919
2021	$54,308,003	$59,167,410	$10,857,005	$-4,859,407
2020	$59,804,505	$59,214,039	$16,660,392	$590,466
2019	$56,167,356	$58,732,547	$15,874,869	$-2,565,191
2018	$64,883,173	$59,025,056	$19,045,170	$5,858,117