MADISON COUNTY OFFICE FOR THE AGIN… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

JULIE HARNEY

Phone

3156975700

Tax Period

2024-04-01 to 2025-03-31

MADISON COUNTY OFFICE FOR THE AGING INC, founded in 1977, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.1M left a modest 3% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO ADVOCATE, ASSIST, AND PROVIDE SERVICES THAT ENRICH THE QUALITY OF LIFE AND PROMOTE THE INDEPENDENCE AND DIGNITY OF OLDER INDIVIDUALS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $775,862 Revenue: $401,287

NUTRITION SERVICES-PROVIDES HOT, NUTRITIONALLY BALANCED MEALS TO MADISON COUNTY RESIDENTS WHO ARE OVER 60 YEARS OF AGE.

Program 2

Expenses: $510,557 Revenue: $439,561

HOME CARE SERVICES-PROVIDES ASSISTANCE TO THE ELDERLY FOR NON-MEDICAL SERVICES SUCH AS BATHING, DRESSING, EATING, SHOPPING, MEAL PREPARATION, AND HOUSEKEEPING.

Program 3

Expenses: $286,347 Revenue: $242,325

GENERAL SERVICES-PROVIDES GENERAL SERVICES TO THE ELDERLY AND ELDERLY CAREGIVERS.

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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 $1,970,065

Program Service Revenue $135,256

Investment Income $50,230

Other Revenue $0

TOTAL REVENUE $2,155,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,170,606

Fundraising Expenses $8,444

Program Expenses $1,946,794

Other Expenses $910,667

TOTAL EXPENSES $2,081,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,155,551	$2,197,666	0.0%
Expenses	$2,081,273	$2,260,838	-0.1%
Net Income	$74,278	$-63,172	-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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FITZGERALD	PRESIDENT	1.00	Director	$0	$0	$0
ROBERT NAPOLI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS WARD	DIRECTOR	1.00	Director	$0	$0	$0
GRACE RAPASADI	DIRECTOR	1.00	Officer Director	$0	$0	$0
LORI TORREY	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BONFARDECI	DIRECTOR	1.00	Director	$0	$0	$0
TCHARLES CHAMBERS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ROBIN MCCOMBIE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HARNEY	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
JUDITH STRAUB	DIRECTOR	1.00	Director	$0	$0	$0
JOY CANNING	DIRECTOR	1.00	Director	$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
2025	$2,155,551	$2,081,273	$3,090,479	$74,278
2023	$2,246,431	$2,121,697	$3,053,048	$124,734
2022	$2,011,394	$1,961,954	$2,935,275	$49,440
2021	$1,914,148	$1,756,260	$3,065,711	$157,888
2020	$1,821,176	$1,710,109	$2,736,767	$111,067
2019	$1,874,423	$1,669,069	$2,661,787	$205,354

MADISON COUNTY OFFICE FOR THE AGING INC