AGING IN AMERICA

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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

1963

Legal Domicile

Principal Officer

DR WILLIAM T SMITH PH

Phone

9175392952

Tax Period

2023-01-01 to 2023-12-31

AGING IN AMERICA, founded in 1963, is a small nonprofit in the Human Services sector that reported $760K in total revenue in fiscal year 2023. Revenue surged 263% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 52% operating deficit.

Mission

TO PROVIDE INDIVIDUALS, FAMILIES AND CAREGIVERS, THE SUPPORT AND ASSISTANCE THEY NEED TO LIVE, WORK AND REMAIN A VITAL PART OF THEIR COMMUNITIES. THE ORGANIZATION'S MISSION HAS EVOLVED TO INSPIRE INNOVATION THAT EMPOWERS, GUIDES, EDUCATES, AND SUPPORTS THOSE INDIVIDUALS AND ORGANIZATIONS FACED WITH THE CHALLENGES AND OPPORTUNITIES OF AGING.

Program Service Accomplishments

Program 1

Expenses: $104,337

AGING IN AMERICA (AIA) AND ITS RELATED ENTITIES SPONSORED NUMEROUS PROGRAMS TO PROMOTE OR IMPROVE HEALTH; FACILITATE ACCESS TO CARE; NURTURE INNOVATION; PROVIDE FINANCIAL ASSISTANCE, AND HELP TO...

AGING IN AMERICA (AIA) AND ITS RELATED ENTITIES SPONSORED NUMEROUS PROGRAMS TO PROMOTE OR IMPROVE HEALTH; FACILITATE ACCESS TO CARE; NURTURE INNOVATION; PROVIDE FINANCIAL ASSISTANCE, AND HELP TO PREPARE FUTURE LEADERS IN THE FIELD OF AGING SERVICES. AIA AND ITS RELATED ENTITIES SERVED FRAIL ELDERLY PERSONS WITH DIVERSIFIED PROGRAMMING AIMED AT INCREASING SELF-ESTEEM,SELF-RELIANCE AND ENHANCING EACH PERSON'S SENSE OF FREEDOM AND DIGNITY.

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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 $556,196

Program Service Revenue $0

Investment Income $203,810

Other Revenue $0

TOTAL REVENUE $760,006

Expense Breakdown

Grants Paid $104,337

Salaries & Benefits $654,149

Fundraising Expenses $0

Program Expenses $104,337

Other Expenses $396,650

TOTAL EXPENSES $1,155,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$760,006	$209,267	+2.6%
Expenses	$1,155,136	$1,132,004	+0.0%
Net Income	$-395,130	$-922,737	-0.6%

Key Indicators

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

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Financial 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

$620,406

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHARINE M WEISS	CHAIR	1.00	Officer Director	$0	$0	$0
DOUGLAS H HOFFMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NEAL J BAUMANN	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD H ALTERI PHD	SECRETARY	1.00	Officer Director	$0	$0	$0
CARLTON MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN KENNELLY PRITCHARD	DIRECTOR	1.00	Director	$0	$0	$0
DR LYNN M TEPPER	DIRECTOR	1.00	Director	$0	$0	$0
DR WILLIAM T SMITH PHD	CEO	26.25	Officer	$506,483	$113,923	$620,406

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
2023	$760,006	$1,155,136	$32,035,715	$-395,130
2022	$209,267	$1,132,004	$28,616,694	$-922,737
2021	$1,992,327	$1,108,350	$35,503,050	$883,977
2020	$1,364,355	$1,269,370	$32,152,462	$94,985
2019	$2,024,197	$1,138,122	$29,562,034	$886,075
2018	$1,867,459	$1,243,968	$25,118,777	$623,491