SENIOR PROJECTS OF RAVENA INC (EIN 141617634) - 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

1979

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SENIOR PROJECTS OF RAVENA INC, founded in 1979, is a small nonprofit in the Human Services sector that reported $736K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $696K left a modest 5% surplus.

Mission

PROVIDE NUTRITION AND TRANSPORTATION SERVICES TO SENIORS

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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 $71,020

Program Service Revenue $655,016

Investment Income $4,682

Other Revenue $5,040

TOTAL REVENUE $735,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,250

Fundraising Expenses $0

Program Expenses $559,956

Other Expenses $406,838

TOTAL EXPENSES $696,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$735,758	$593,276	+0.2%
Expenses	$696,088	$580,901	+0.2%
Net Income	$39,670	$12,375	+2.2%

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

N/A

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

Total Directors

Key Employees

$74,531

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA ALBANO	EXECUTIVE DIR	40.00	Key Emp Highest	$74,531	$0	$74,531
ALLEN VANWORMER	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY LENT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARYELLEN ROSATO	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH EISSING	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON DAMBROSIO	BOARD MEMBER	2.00	Director	$0	$0	$0
WILSON CUTRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN BRUNO	BOARD MEMBER	2.00	Director	$0	$0	$0
LOU SMITH	SECRETARY TREASURER	3.00	Officer	$0	$0	$0
SARAH COVEY	PRESIDENT	5.00	Officer	$0	$0	$0
DARLENE MERGENDAHL	VICE PRESIDENT	5.00	Officer	$0	$0	$0

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	$735,758	$696,088	$620,462	$39,670
2022	$593,276	$580,901	$548,381	$12,375
2021	$511,889	$552,816	$587,040	$-40,927
2020	$567,101	$549,471	$634,002	$17,630
2019	$464,110	$489,966	$617,936	$-25,856
2018	$550,589	$483,663	$646,359	$66,926

SENIOR PROJECTS OF RAVENA INC