COUNCIL ON AGING OF FLORIDA INC (EIN 202012508) - 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

2004

Legal Domicile

Principal Officer

EDWARD HURT

Phone

3525055932

Tax Period

2023-01-01 to 2023-12-31

COUNCIL ON AGING OF FLORIDA INC, founded in 2004, is a small nonprofit in the Health Care sector that reported $480K in total revenue in fiscal year 2023. Expenses of $458K left a modest 5% surplus.

Mission

TO PROVIDE MANAGEMENT SUPPORT TO SKILLED NURSING FACILITIES WHO ASSIST, ENCOURAGE, AND PROMOTE THE WELL BEING OF AGING INDIVIDUALS, REGARDLESS OF RACE, COLOR OR CREED THROUGH ANY ONE OF THE FOLLOWING MEANS, THE CARE AND ASSISTANCE OF THE SICK, NEEDY AND DISABLED, INCLUDING THE OPERATION OF HEALTH CARE FACILITIES, THE PROMOTION OF PUBLIC HEALTH AND RECREATION, THE ADVANCEMENT OF EDUCATION AND DISSEMINATION OF KNOWLEDGE, OR THE FUTHERANCE OF RESEARCH FOR THE ADVANCEMENT OF KNOWLEDGE AND THE ALLEVIATION OF SUFFERING.

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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 $0

Program Service Revenue $480,000

Investment Income $135

Other Revenue $0

TOTAL REVENUE $480,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,661

Fundraising Expenses $0

Program Expenses $423,353

Other Expenses $66,221

TOTAL EXPENSES $457,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,135	$482,950	0.0%
Expenses	$457,882	$563,686	-0.2%
Net Income	$22,253	$-80,736	-1.3%

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

$259,842

Total Directors

$259,842

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD HURT	EXECUTIVE DI	40.00	Officer Director	$219,451	$40,391	$259,842
JOHNNIE BLEVINS	DIRECTOR	1.00	Director	$0	$0	$0
APRIL GREEN	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
2024	No data	No data	No data	No data
2023	$480,135	$457,882	$532,770	$22,253
2022	$482,950	$563,686	$476,184	$-80,736
2021	$481,021	$646,369	$566,350	$-165,348
2020	$495,762	$598,733	$710,031	$-102,971
2019	$531,500	$596,729	$835,319	$-65,229
2018	$493,821	$592,507	$895,191	$-98,686

COUNCIL ON AGING OF FLORIDA INC