PHILADELPHIA SENIOR CENTER

EIN: 231619019 501(c)(3)

Philadelphia, PA

Total Revenue
$528,637
Total Expenses
$235,633
Total Assets
$3,057,152
Net Assets
$-4,678,394
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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
2008
Legal Domicile
PA
Principal Officer
Paul Funaro
Phone
2159514432
Tax Period
2024-07-01 to 2025-06-30

PHILADELPHIA SENIOR CENTER, founded in 2008, is a small nonprofit that reported $529K in total revenue in fiscal year 2024. The organization ran a surplus of $293K, a strong 55% operating margin.

Mission

Philadelphia Senior Center (PSC) serves as the facility housing the operations for Philadelphia Senior Centers II. The location of this center is 509 S. Broad St., Philadelphia, PA 19147

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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 $500,808
Program Service Revenue $0
Investment Income $27,829
Other Revenue $0
TOTAL REVENUE $528,637

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $235,633
TOTAL EXPENSES $235,633

Year-over-Year Comparison

2024 2023 Change
Revenue $528,637 $511,097 +0.0%
Expenses $235,633 $236,299 0.0%
Net Income $293,004 $274,798 +0.1%
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
9
Independent Members
4
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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Duffy Board Member 1
Director
$0 $0 $0
Dr Mary Naylor Board Member 1
Director
$0 $0 $0
Steve Mullin Board Member 1
Director
$0 $0 $0
Dr Neil Pitts Board Member 1
Director
$0 $0 $0
Timothy McGrath Chair 1
Officer
$0 $0 $0
Paul Funaro President 2
Officer
$0 $0 $0
Michael DeMarco Treasurer 1
Officer
$0 $0 $0
Mary Ellen Bolden Secretary 2
Officer
$0 $0 $0
R Max Kent Assistant Secretary 1
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 $528,637 $235,633 $3,057,152 $293,004
2024 No data No data No data No data
2023 $492,545 $198,287 $2,804,303 $294,258
2022 $475,304 $206,253 $2,563,425 $269,051
2021 $460,992 $243,397 $2,426,578 $217,595
2020 $529,275 $243,697 $3,516,187 $285,578
2019 $2,321,451 $2,916,857 $2,594,962 $-595,406
2018 $2,678,847 $3,072,280 $3,305,217 $-393,433
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