GOLDEN AGE TOWERS INC (EIN 223538211) - 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

1997

Legal Domicile

Principal Officer

CHRISTOPHER KOZLOWSKI

Phone

7324997950

Tax Period

2024-01-01 to 2024-12-31

GOLDEN AGE TOWERS INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 12% surplus.

Mission

OPERATE A HOUSING FACILITY FOR RENTAL TO SENIOR CITIZENS OF LOW AND MODERATE INCOMES AND TO FURTHER COMMUNITY DEVELOPMENT FOR RELIEF OF SENIORS WITH LOW INCOMES AND SENIOR CITIZENS GENERALLY IN RAHWAY

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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 $54,000

Program Service Revenue $3,538,103

Investment Income $93,866

Other Revenue $94,542

TOTAL REVENUE $3,780,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,771,228

Other Expenses $3,312,898

TOTAL EXPENSES $3,312,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,780,511	$3,488,300	+0.1%
Expenses	$3,312,898	$3,170,055	+0.0%
Net Income	$467,613	$318,245	+0.5%

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

N/A

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
RACHAEL FAILLACE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER A KOZLOWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY GARCIA-PHILLIPS	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
ALLEN D JONES	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MCTAMNEY	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH HERGENHAN	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	$3,780,511	$3,312,898	$7,621,352	$467,613
2023	$3,488,300	$3,170,055	$7,164,783	$318,245
2022	$3,502,414	$3,152,586	$6,885,474	$349,828
2021	$3,367,646	$3,061,734	$6,468,253	$305,912
2020	$3,466,276	$2,853,528	$6,098,311	$612,748
2019	$2,985,143	$2,900,820	$5,610,100	$84,323
2018	$2,950,031	$2,840,150	$5,432,610	$109,881

GOLDEN AGE TOWERS INC