SERVICE PROGRAM FOR OLDER PEOPLE I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

CATHERINE THURSTON

Phone

2127877120

Tax Period

2024-07-01 to 2025-06-30

SERVICE PROGRAM FOR OLDER PEOPLE INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $7.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $6.5M left a modest 11% surplus.

Mission

SERVICE PROGRAM FOR OLDER PEOPLE, INC.'S MISSION IS TO ENHANCE THE QUALITY OF LIFE OF OLDER ADULTS AND TO FOSTER THEIR INDEPENDENT LIVING THROUGH THE DELIVERY OF COMPREHENSIVE MENTAL HEALTH AND SUPPORTIVE SERVICES, ADVOCACY AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $4,303,512 Revenue: $1,965,478

MENTAL HEALTH CLINIC: THE CLINIC PROVIDES MENTAL HEALTH CARE TO OLDER ADULTS, 55 AND OVER, EITHER IN OUR 91ST STREET OFFICE, IN THEIR HOMES, OR AT SATELLITE LOCATIONS THROUGHOUT MANHATTAN AND...

MENTAL HEALTH CLINIC: THE CLINIC PROVIDES MENTAL HEALTH CARE TO OLDER ADULTS, 55 AND OVER, EITHER IN OUR 91ST STREET OFFICE, IN THEIR HOMES, OR AT SATELLITE LOCATIONS THROUGHOUT MANHATTAN AND DOWNTOWN BROOKLYN, THE BRONX AND VIA TELEHEALTH. IN ADDITION TO THE PARTICIPANT REVENUE, THIS PROGRAM IS SUPPORTED BY GOVERNMENT CONTRACTS, INCLUDING NYC DEPARTMENT OF HEALTH & MENTAL HYGIENE AND NYC AGING AND PRIVATE FOUNDATIONS. SERVICES INCLUDE PSYCHIATRIC ASSESSMENTS AND EVALUATIONS, HEALTH SCREENINGS, INDIVIDUAL AND GROUP PSYCHOTHERAPY, MEDICATION MANAGEMENT, COORDINATION OF PHYSICAL AND MENTAL HEALTH CARE, AND SPECIALIZED SUBSTANCE ABUSE COUNSELING. THE CLINIC PROVIDES OVER 19,643 VISITS ANNUALLY TO 621 CLIENTS. THE CLINIC IS LICENSED BY THE NEW YORK STATE OFFICE OF MENTAL HEALTH.

Program 2

Expenses: $746,571 Revenue: $598,712

PERSONALIZED RECOVERY ORIENTED SERVICES (PROS): PROS IS A COMPREHENSIVE RECOVERY ORIENTED PROGRAM FOR INDIVIDUALS WITH SEVERE AND PERSISTENT MENTAL ILLNESS. THIS PROGRAM RECEIVES ONGOING SUPPORT FROM GOVERNMENT GRANTS AND FOUNDATIONS AND WE BILL FOR SERVICES. THE ORGANIZATION'S PROS PROGRAM IS THE ONLY ONE IN NEW YORK STATE DEDICATED TO EXCLUSIVELY SERVING OLDER ADULTS 55 AND OLDER. THE PROGRAM IS DESIGNED TO PROMOTE RECOVERY AND REHABILITATION, HEALTH AND WELLNESS, ACHIEVEMENT OF LIFE GOALS, SUCCESSFUL MANAGEMENT OF SYMPTOMS OF MENTAL ILLNESS AND INDEPENDENT LIVING AND INTEGRATION INTO THE COMMUNITY. PROS IS LICENSED BY THE NEW YORK STATE DEPARTMENT OF MENTAL HEALTH.

Program 3

Expenses: $127,000 Revenue: $0

GERIATRIC MENTAL HEALTH INITIATIVE: PROVIDES DEPRESSION AND SUBSTANCE USE SCREENING AND COUNSELING TO HOMEBOUND CLIENTS. SPOP PROVIDES BEREAVEMENT SUPPORT SERVICES FOR ADULTS OF ALL AGES. WE OFFER...

GERIATRIC MENTAL HEALTH INITIATIVE: PROVIDES DEPRESSION AND SUBSTANCE USE SCREENING AND COUNSELING TO HOMEBOUND CLIENTS. SPOP PROVIDES BEREAVEMENT SUPPORT SERVICES FOR ADULTS OF ALL AGES. WE OFFER GROUP AND INDIVIDUAL SUPPORT TO RECENTLY BEREAVED PERSONS. IN ADDITION, THROUGH OUR EDUCATION AND TRAINING PROGRAM, WE OFFER EDUCATION AND TRAINING SESSIONS ON MENTAL HEALTH AND AGING ISSUES 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 (2024)

Revenue Breakdown

Contributions & Grants $4,493,255

Program Service Revenue $2,564,190

Investment Income $89,648

Other Revenue $149,110

TOTAL REVENUE $7,296,203

Expense Breakdown

Grants Paid $7,483

Salaries & Benefits $5,068,025

Fundraising Expenses $119,112

Program Expenses $5,513,610

Other Expenses $1,433,251

TOTAL EXPENSES $6,508,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,296,203	$6,449,266	+0.1%
Expenses	$6,508,759	$6,278,184	+0.0%
Net Income	$787,444	$171,082	+3.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial 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

$441,782

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEAGHAN ATKINSON ESQ	PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICIA A CALDWELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BROOKE KENNY	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA WADE WEST ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANE ADLER	DIRECTOR	1.00	Director	$0	$0	$0
LOIS F AKNER LCSW	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
JILLIAN BERMAN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CHEN	DIRECTOR THRU JUN 2025	1.00	Director	$0	$0	$0
ANN HUGHES CLOKE MPA	DIRECTOR	1.00	Director	$0	$0	$0
ZHANNA KANDEL	DIRECTOR THRU JUN 2025	1.00	Director	$0	$0	$0
AVIVA LIPKIN	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN K MCCANDLESS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MCGETTIGAN	DIRECTOR THRU JUN 2025	1.00	Director	$0	$0	$0
RYAN PORTUGAL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PREISS ESQ	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE RAPPOPORT	DIRECTOR	1.00	Director	$0	$0	$0
SONA SHAH	DIRECTOR THRU JUN 2025	1.00	Director	$0	$0	$0
MARTHA TURNER	DIRECTOR	1.00	Director	$0	$0	$0
ANITA VENKITESWARAN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA L WHITE ESQ	DIRECTOR THRU JUN 2025	1.00	Director	$0	$0	$0
CATHERINE THURSTON	CEO/CPO	35.00	Officer	$201,871	$48,002	$249,873
JOHNNY V LEE	CHIEF FINANCIAL OFFICER	35.00	Officer	$166,117	$25,792	$191,909
DR EEVA MIKKOLA	CHIEF MEDICAL DIRECTOR	26.00	Highest	$168,272	$74,465	$242,737
STEPHEN BERAMSINGH	SR. VP ADMINISTRATION	35.00	Highest	$147,940	$10,420	$158,360
GEORDANA WEBER	CPO	35.00	Highest	$122,649	$23,569	$146,218
MITCHELL BUTIN	PSYCHIATRIST	22.00	Highest	$169,804	$28,709	$198,513
EVELINA TURLIK	NURSE PRACTITIONER	35.00	Highest	$118,150	$10,108	$128,258
NANCY HARVEY	FORMER CHIEF EXECUTIVE OFFICER	35.00		$166,549	$48,443	$214,992

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	$7,296,203	$6,508,759	$8,067,332	$787,444
2024	$6,449,266	$6,278,184	$7,539,515	$171,082
2023	$6,507,091	$5,978,391	$7,522,403	$528,700
2022	$5,776,585	$5,209,610	$5,012,018	$566,975
2021	$6,250,329	$4,896,832	$4,318,529	$1,353,497
2020	$5,716,555	$4,581,617	$3,669,544	$1,134,938
2019	$4,593,190	$4,651,349	$1,902,747	$-58,159
2018	$4,274,267	$4,590,150	$1,948,638	$-315,883

SERVICE PROGRAM FOR OLDER PEOPLE INC