SENIOR SERVICE CENTERS OF THE ALBANY AREA INC (EIN 141392442) - 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

1954

Legal Domicile

Principal Officer

GARY MARCH

Phone

5184653322

Tax Period

2023-01-01 to 2023-12-31

SENIOR SERVICE CENTERS OF THE ALBANY AREA INC, founded in 1954, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

PROVIDE EFFECTIVE PROGRAMS AND SUPPORTS TO HELP OUR OLDER NEIGHBORS AND FRIENDS STAY CONNECTED TO OUR COMMUNITIES.

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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 $324,410

Program Service Revenue $1,336,936

Investment Income $144

Other Revenue $89,999

TOTAL REVENUE $1,751,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $970,358

Fundraising Expenses $169,831

Program Expenses $1,321,396

Other Expenses $812,294

TOTAL EXPENSES $1,815,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,751,489	$1,902,910	-0.1%
Expenses	$1,815,380	$1,980,698	-0.1%
Net Income	$-63,891	$-77,788	-0.2%

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

257

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

$184,571

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERA DORDICK	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA WHEELER	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
DEBORAH ENGEL	DIRECTOR	1.00	Director	$0	$0	$0
PJ HOSNER JR	TREASURER	1.00	Officer Director	$0	$0	$0
KIMBERLY ERIOLE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS A MILLER	DIRECTOR	1.00	Director	$0	$0	$0
AARON CARBONE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE LINDSKOOG	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE KOZAK	DIRECTOR	1.00	Director	$0	$0	$0
SARA WISEMAN	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD TREMBLAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
AMAL HECHEHOUCHE	DIRECTOR	1.00	Director	$0	$0	$0
CORETTA KILLIKELLY	DIRECTOR	1.00	Director	$0	$0	$0
MARY ALICE MOLGARD	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY CARGILL-CRAMER	EXECUTIVE DIRECTOR	40.00	Officer	$54,180	$0	$54,180
BARBARA MCCONKEY	CO-INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$69,401	$0	$69,401
MARIA JONES	CO-INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$60,990	$0	$60,990

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	No data	No data	No data	No data
2023	$1,751,489	$1,815,380	$862,235	$-63,891
2022	$1,902,910	$1,980,698	$1,116,264	$-77,788
2021	$2,076,119	$2,019,321	$1,051,614	$56,798
2020	$2,785,798	$2,280,706	$942,202	$505,092
2019	$2,824,496	$2,694,200	$682,256	$130,296
2018	$2,637,804	$2,554,709	$622,044	$83,095

SENIOR SERVICE CENTERS OF THE ALBANY AREA INC