ELDER LIFE INC DBA PARKWAY CENTER

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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

1998

Legal Domicile

Principal Officer

ELDER LIFE INC DBA PARKWA

Phone

3152233973

Tax Period

2023-07-01 to 2024-06-30

ELDER LIFE INC DBA PARKWAY CENTER, founded in 1998, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 58% operating margin.

Mission

PROVIDE PROGRAMS AND SERVICES TO INDIVIDUALS 50 YEARS AND OLDER, EMPOWERING THEM TO LIVE HEALTHY AND VIBRANT LIVES.

Program Service Accomplishments

Program 1

Expenses: $868,060 Revenue: $819,131

SOCIAL DEVELOPMENT, EDUCATION AND INFORMATIONAL SERVICES FOR 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 $1,721,493

Program Service Revenue $814,944

Investment Income $2,595

Other Revenue $2,553

TOTAL REVENUE $2,541,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,480

Fundraising Expenses $40,823

Program Expenses $868,060

Other Expenses $537,773

TOTAL EXPENSES $1,061,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,541,585	$894,699	+1.8%
Expenses	$1,061,253	$1,051,848	+0.0%
Net Income	$1,480,332	$-157,149	-10.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHYLLIS ELLIS	DIRECTOR	5.00	Director	$0	$0	$0
LUCRETIA HUNT	DIRECTOR	5.00	Director	$0	$0	$0
EDWARD JACKSON	DIRECTOR	5.00	Director	$0	$0	$0
DAVID SHORT	DIRECTOR	5.00	Director	$0	$0	$0
MICHELE KOHL	DIRECTOR	5.00	Director	$0	$0	$0
KAREN TEACHOUT	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD PRATT	PRESIDENT	5.00	Officer	$0	$0	$0
VENICE ERVIN	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DIANA KHOURY	TREASURER	5.00	Officer	$0	$0	$0
LYNNE TOMAINO	SECRETARY	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
2025	No data	No data	No data	No data
2024	$2,541,585	$1,061,253	$3,004,940	$1,480,332
2023	$894,699	$1,051,848	$1,442,937	$-157,149
2022	$861,907	$972,211	$868,981	$-110,304
2021	$1,349,447	$892,365	$952,804	$457,082
2020	$1,002,985	$789,985	$568,987	$213,000
2019	$822,557	$717,299	$320,167	$105,258