ASSOCIATION FOR SERVICES FOR THE AGED INC

EIN: 132951640 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$34,490
Total Expenses
$15,020
Total Assets
$2,527,734
Net Assets
$-99,037
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NY
Principal Officer
KATHRYN HASLANGER
Phone
6463439300
Tax Period
2017-07-01 to 2018-06-30

ASSOCIATION FOR SERVICES FOR THE AGED INC, founded in 1980, is a micro nonprofit in the Human Services sector that reported $34K in total revenue in fiscal year 2017. Revenue fell 98% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 56% operating margin.

Mission

TO PROVIDE HOME ATTENDANT SERVICES TO ELDERLY & DISABLED, ALLOWING THEM TO STAY IN THEIR HOMES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $8,616
Program Service Revenue $25,874
Investment Income $0
Other Revenue $0
TOTAL REVENUE $34,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $568
Fundraising Expenses $0
Program Expenses $10,971
Other Expenses $14,452
TOTAL EXPENSES $15,020

Year-over-Year Comparison

2017 2016 Change
Revenue $34,490 $1,990,696 -1.0%
Expenses $15,020 $2,055,862 -1.0%
Net Income $19,470 $-65,166 -1.3%
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
22
Independent Members
22
Employees
536
Volunteers
22

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
14
$832,495
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONARD BOXER CHAIR 1.00
Officer Director
$0 $0 $0
MARK R IMOWITZ PRESIDENT 1.00
Officer Director
$0 $0 $0
JESSICA FEDER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIC GREENHUT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARTIN L HALBFINGER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RUTH PERELSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BONNIE D ROSENBERG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOSEPH RUBIN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARTIN SIROKA VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ELEANOR WAGNER TREASURER 1.00
Officer Director
$0 $0 $0
CAROL CHINN SECRETARY 1.00
Officer Director
$0 $0 $0
ILAINA EDISON TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA GREEN TRUSTEE 1.00
Director
$0 $0 $0
DAVID HILDES TRUSTEE 1.00
Director
$0 $0 $0
SAUL B KATZ TRUSTEE 1.00
Director
$0 $0 $0
PAUL KRONISH TRUSTEE 1.00
Director
$0 $0 $0
SETH LADETSKY TRUSTEE 1.00
Director
$0 $0 $0
ERIC LEVINE TRUSTEE UNTIL NOVEMBER 2017 1.00
Director
$0 $0 $0
SHARON MAKOWSKY TRUSTEE 1.00
Director
$0 $0 $0
HOWARD P MILSTEIN TRUSTEE 1.00
Director
$0 $0 $0
NANCY T POLEVOY TRUSTEE 1.00
Director
$0 $0 $0
LINDA ROSENSWEIG TRUSTEE 1.00
Director
$0 $0 $0
MARK STEIGER TRUSTEE 1.00
Director
$0 $0 $0
KATHRYN HASLANGER CEO 1.00
Officer
$0 $25,421 $399,644
HEIDI ARONIN CAO TO 10/18/17 1.00
Officer
$0 $20,954 $283,841
RINKU BHATTACHARYA DIRECTOR OF FINANCE 1.00
Officer
$0 $6,385 $149,010
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
2018 $34,490 $15,020 $2,527,734 $19,470
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