FUND FOR THE AGED INC (EIN 133603516) - 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

1991

Legal Domicile

Principal Officer

JEFFREY FARBER MD

Phone

2128705000

Tax Period

2024-01-01 to 2024-12-31

FUND FOR THE AGED INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $7.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $94.9M represent 157 months of operating reserves.

Mission

OUR MISSION IS TO EMPOWER OLDER ADULTS TO ENHANCE PURPOSE AND WELL-BEING THROUGH A PORTFOLIO OF INNOVATIVE HEALTH CARE SERVICES.

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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 $4,246,909

Program Service Revenue $0

Investment Income $3,331,622

Other Revenue $-320,481

TOTAL REVENUE $7,258,050

Expense Breakdown

Grants Paid $6,092,342

Salaries & Benefits $890,549

Fundraising Expenses $1,270,405

Program Expenses $6,092,342

Other Expenses $836,110

TOTAL EXPENSES $7,819,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,258,050	$5,964,288	+0.2%
Expenses	$7,819,001	$11,013,128	-0.3%
Net Income	$-560,951	$-5,048,840	-0.9%

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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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

$1,685,001

Total Directors

$1,116,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN ALTSCHULER	TREASURER	0.20	Director	$0	$0	$0
ARAN RON MD	VICE CHAIR	0.20	Director	$0	$0	$0
JEFFREY I FARBER MD	PRESIDENT & CEO	0.65	Officer Director	$0	$67,610	$1,116,400
JONATHAN HOCHBERG	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL LUSKIN	DIRECTOR	0.20	Director	$0	$0	$0
WILLIAM BLUMSTEIN	CHAIR	0.20	Officer Director	$0	$0	$0
LISA FEINER	SECRETARY	0.20	Officer	$0	$0	$0
MARK WEISS	CFO	0.65	Officer	$0	$32,592	$568,601
ALYSSA HERMAN	CHIEF DEVELOPMENT OFFICER	35.00	Highest	$317,140	$63,356	$380,496
TAMAR MAJOR	VP OF DEVELOPMENT	35.00	Highest	$120,129	$31,339	$151,468
TAMARA THOMPSON	SENIOR DIRECTOR	35.00	Highest	$150,537	$29,429	$179,966

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
2024	$7,258,050	$7,819,001	$95,100,235	$-560,951
2023	$5,964,288	$11,013,128	$94,234,693	$-5,048,840
2022	$5,125,717	$9,688,721	$97,079,912	$-4,563,004
2021	$9,285,685	$6,222,986	$112,659,825	$3,062,699
2020	$8,972,478	$12,535,556	$109,939,296	$-3,563,078
2019	$8,799,825	$26,477,972	$109,638,229	$-17,678,147
2018	$8,729,547	$15,352,778	$126,415,205	$-6,623,231

FUND FOR THE AGED INC