CENTER FOR AGING INC

EIN: 222575377 501(c)(3) Human Services

FREEHOLD, NJ

Total Revenue
$38,096,307
Total Expenses
$16,507,592
Total Assets
$2,899,511
Net Assets
$2,158,353
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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
1984
Legal Domicile
NJ
Principal Officer
THOMAS W SCOTT FACHE FABC
Phone
7322947050
Tax Period
2024-01-01 to 2024-12-31

CENTER FOR AGING INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $38.1M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.6M, a strong 57% operating margin.

Mission

PRIOR TO ITS SALE THE ORGANIZATION PROVIDED SENIORS WITH ACCESSIBLE, COST-EFFECTIVE INDEPENDENT LIVING AND COMPREHENSIVE HEALTHCARE SERVICES, FOSTERING RESIDENT PEACE OF MIND.

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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 $807,135
Program Service Revenue $14,940,539
Investment Income $22,348,633
Other Revenue $0
TOTAL REVENUE $38,096,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,214,525
Fundraising Expenses $0
Program Expenses $14,856,831
Other Expenses $8,293,067
TOTAL EXPENSES $16,507,592

Year-over-Year Comparison

2024 2023 Change
Revenue $38,096,307 $30,103,355 +0.3%
Expenses $16,507,592 $30,458,293 -0.5%
Net Income $21,588,715 $-354,938 -61.8%
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

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Governance

Voting Members
4
Independent Members
3
Employees
257
Volunteers
5

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
$1,870,955
Total Directors
6
$2,080,225
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS W SCOTT FACHE FABC VICE CHAIR-TRST/CSMC PRES/CEO 55.0
Officer Director
$0 $66,618 $1,384,071
JOHN A DELLOCONO TRUST-CSMC SVP/CFO (TERM 7/24) 55.0
Director
$0 $48,497 $550,537
LAURA L SCHILARE MBA CPA CSMC VP FINANCE 50.0
Officer
$0 $44,264 $341,267
KEITH GRADY TRUSTEE - EXEC DIR (TERM 6/24) 55.0
Officer Director
$122,457 $23,160 $145,617
KENNETH J REILLY CWS CHAIRMAN - TRUSTEE 1.0
Officer Director
$0 $0 $0
ROBERT GEBERTH TRUSTEE 1.0
Director
$0 $0 $0
DONALD ROBERTSHAW TRUSTEE 1.0
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 $38,096,307 $16,507,592 $2,899,511 $21,588,715
2023 $30,103,355 $30,458,293 $82,577,130 $-354,938
2022 $25,636,418 $28,685,935 $81,436,562 $-3,049,517
2021 $24,058,374 $24,631,112 $90,698,531 $-572,738
2020 $26,221,202 $23,499,077 $89,609,520 $2,722,125
2019 $26,703,370 $23,673,579 $88,602,867 $3,029,791
2018 $24,426,375 $22,843,675 $83,573,969 $1,582,700
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