Friends Services for the Aging

EIN: 222436186 501(c)(3) Human Services

Blue Bell, PA

Total Revenue
$4,794,484
Total Expenses
$4,247,430
Total Assets
$7,065,998
Net Assets
$6,455,121
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
PA
Principal Officer
Robin Somers
Phone
2156460720
Tax Period
2024-01-01 to 2024-12-31

Friends Services for the Aging, founded in 1982, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2024. Expenses of $4.2M left a modest 11% surplus.

Mission

The mission of Friends Services for the Aging is to advance the performance of values-aligned organizations that serve seniors through training, services and relationships.

Program Service Accomplishments

Program 1
Expenses: $3,177,790 Revenue: $3,164,436

FSA Compliance Program: FSA Compliance provides post-acute/long-term health care organizations with the expertise and resources to implement and support an effective Compliance and Ethics program...

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FSA Compliance Program: FSA Compliance provides post-acute/long-term health care organizations with the expertise and resources to implement and support an effective Compliance and Ethics program. Our program design incorporates regulations from the Centers for Medicare and Medicaid and guidance from the Office of Inspector General and the Department of Justice to ensure a robust program customized to fit the size, risk and complexity of individual organizations. This unique collaborative approach builds on a shared commitment to quality services and ethical practices in a challenging, ever-changing regulatory and compliance environment. Program support ranges from a full-service compliance program-including the provision of a compliance officer-to project management implementation guidance. Components include: Compliance Officer, Compliance Staff Support, Code of Conduct Development, Policy Development, Program Implementation Support, Program Assessment, Auditing and Monitoring, Staff Education and Training, Regulatory and Industry Updated, Privacy and Health Insurance Portability and Accountability Act Resources. The FSA team assists in designing a program that addresses your organizations risk and priorities based on an onsite Gap Analysis. Our seasoned professionals have a wide range of skills and knowledge to help develop and support an effective program, working toward creating a culture of compliance.

Program 2
Expenses: $207,044 Revenue: $196,996

FSA PEER Software Support Program: Provides user and technical support for an event reporting software for FSA clients in the senior living arena. Establishing a culture of safety through a focus on...

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FSA PEER Software Support Program: Provides user and technical support for an event reporting software for FSA clients in the senior living arena. Establishing a culture of safety through a focus on risk prevention.

Program 3
Expenses: $685,965 Revenue: $520,948

FSA Core: provide support to member organizations and beyond including: education and training; leadership development; organizational development; governance. Members may participate in facilitated...

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FSA Core: provide support to member organizations and beyond including: education and training; leadership development; organizational development; governance. Members may participate in facilitated affinity groups and have access to various insurance products with like-minded organizations, and receive preferred pricing on compliance and risk management services.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $473,553
Program Service Revenue $3,658,813
Investment Income $662,118
Other Revenue $0
TOTAL REVENUE $4,794,484

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,348,953
Fundraising Expenses $0
Program Expenses $4,070,799
Other Expenses $898,477
TOTAL EXPENSES $4,247,430

Year-over-Year Comparison

2024 2023 Change
Revenue $4,794,484 $4,756,777 +0.0%
Expenses $4,247,430 $4,089,170 +0.0%
Net Income $547,054 $667,607 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
23
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
4
$0
Total Directors
15
$0
Key Employees
3
$852,124
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jane Mack President/CEO 40.00
Key Emp
$335,281 $20,267 $355,548
Karla Dreisbach Vice President of Compliance 40.00
Key Emp
$283,734 $17,294 $301,028
Kelly O'Neill Director of Compliance 40.00
Key Emp
$185,446 $10,102 $195,548
TrangMai Tran Compliance Manager 40.00
Highest
$167,752 $10,220 $177,972
Tracy Malloy Compliance Manager 40.00
Highest
$160,120 $9,471 $169,591
Julie Lynn Smith Compliance Specialist 40.00
Highest
$145,203 $9,176 $154,379
Lori Ammon Compliance Manager 40.00
Highest
$144,347 $9,132 $153,479
Marsha Coleman Director of Learning and Development 40.00
Highest
$141,400 $8,944 $150,344
Linda Sterthous Chair 5.00
Officer Director
$0 $0 $0
Robin R Somers Vice Chair 3.00
Officer Director
$0 $0 $0
Christine McDonald Secretary 3.00
Officer Director
$0 $0 $0
Abby Loftus Treasurer 3.00
Officer Director
$0 $0 $0
Nick Bradaschia Board Member 1.00
Director
$0 $0 $0
Howard Braxton Board Member 1.00
Director
$0 $0 $0
Joe Conner Board Member 1.00
Director
$0 $0 $0
Phil DeBaun Board Member 1.00
Director
$0 $0 $0
David Jones Board Member 1.00
Director
$0 $0 $0
Toni Kelly Board Member 1.00
Director
$0 $0 $0
Jennifer Marana Board Member 1.00
Director
$0 $0 $0
Lisa Marsilio Board Member 1.00
Director
$0 $0 $0
Melissa Spadaccino Board Member 1.00
Director
$0 $0 $0
Tim Towers Board Member 1.00
Director
$0 $0 $0
Bill Yost Board Member 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 $4,794,484 $4,247,430 $7,065,998 $547,054
2023 $4,756,777 $4,089,170 $6,592,592 $667,607
2022 $3,277,790 $3,750,531 $6,082,695 $-472,741
2021 $4,258,630 $3,481,245 $6,040,646 $777,385
2020 $4,033,283 $3,559,702 $5,250,689 $473,581
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