OPTIONS IN AGING

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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

1976

Legal Domicile

Principal Officer

RICHARD STEIN

Phone

6106642544

Tax Period

2023-10-01 to 2024-09-30

OPTIONS IN AGING, founded in 1976, is a small nonprofit in the Human Services sector that reported $255K in total revenue in fiscal year 2023. Expenses of $302K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MISSION OF NEW HORIZONS IS TO PROVIDE SUPPORTIVE PROGRAMS AND SERVICES ENABLING ADULTS TO LIVE INDEPENDENTLY IN THEIR OWN HOMES, FORM MEANINGFUL CONNECTIONS WITH OTHERS AND ENGAGE IN LIFELONG LEARNING.

Program Service Accomplishments

Program 1

Expenses: $264,740 Revenue: $680

NEW HORIZON SENIOR CENTER HAS PROVIDED STIMULATING, NURTURING AND PROGRESSIVE PROGRAMMING FOR ACTIVE ADULTS IN AND AROUND LOWER MERION TOWNSHIP FOR OVER FORTY YEARS. WE CURRENTLY SERVE OVER 1,000...

NEW HORIZON SENIOR CENTER HAS PROVIDED STIMULATING, NURTURING AND PROGRESSIVE PROGRAMMING FOR ACTIVE ADULTS IN AND AROUND LOWER MERION TOWNSHIP FOR OVER FORTY YEARS. WE CURRENTLY SERVE OVER 1,000 UNDUPLICATED SENIORS. NHSCS RICH AND VARIED PROGRAMS FIT INTO FOUR BROAD CATEGORIES (RECREATION & SOCIALIZATION, EDUCATION, HEALTH & WELLNESS, AND SUPPORTIVE SERVICES) AND ARE CAREFULLY DESIGNED TO FOSTER ALL ASPECTS OF WELLNESS FOR SENIORS. NHSC HAS A UNIQUE AND SUCCESSFUL VOLUNTEER-LED PROGRAM MODEL WHICH HELPS MANY OF OUR OWN SENIORS TO FIND MEANING AND PURPOSE IN RETIREMENT. THEY GREATLY ENHANCE OUR CAPACITY TO SERVE! DURING THIS FISCAL YEAR, NHSC PROVIDED SAFE, GRAB AND GO NUTRITIOUS LUNCHES FOR SENIOR CITIZENS (AGE 60+) FREE OF CHARGE OR BY A PAY IF THEY CAN ANONYMOUS DONATION. DURING THE ON-GOING PANDEMIC, WE HAVE OFFERED A ROBUST ARRAY OF OUR PROGRAMS REMOTELY. WE CONTINUE THIS SAFE MODALITY AS PART OF OUR SERVICE DELIVERY. WE PROVIDE A FULL ARRAY OF REMOTE PROGRAMS AND SERVICES -FROM COMPUTER TECH SUPPORT, AGING SUPPORT GROUPS AND PRIVATE COUNSELING, TO BOOK, DISCUSSION, AND EXERCISE GROUPS. STAFF AND VOLUNTEERS QUICKLY RE-DEPLOYED TO MAXIMIZE OUR CAPACITY TO PROVIDE REMOTE SUPPORT AND TRAIN OUR SENIORS TO PARTICIPATE. IN ADDITION TO ADDING OUR WELL UTILIZED GRAB AND GO MEALS PROGRAM WE HAVE BUILT SAFE HYBRID PROGRAMMING (COMBINING IN-PERSON, MASKED PARTICIPATION WITH BROADCAST TO THOSE SENIORS PREFER TO PARTICIPATE MORE SAFELY FROM THEIR HOMES.)

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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 $247,918

Program Service Revenue $680

Investment Income $5,936

Other Revenue $0

TOTAL REVENUE $254,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,990

Fundraising Expenses $19,866

Program Expenses $264,740

Other Expenses $73,075

TOTAL EXPENSES $302,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$254,534	$261,975	0.0%
Expenses	$302,065	$243,280	+0.2%
Net Income	$-47,531	$18,695	-3.5%

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

Volunteers

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

$72,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FLANAGAN MD PHD	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA BOYLE	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHERINE A SCHWEIGER	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM P BECKER	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA SEAVE ROBINSON MSS LSW	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER L TURNER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ELISSA BERARDI	OUTGOING EXECUTIVE DIRECTOR	42.00	Officer	$70,252	$0	$70,252
RICHARD STEIN	EXECUTIVE DIRECTOR	42.00	Officer	$2,708	$0	$2,708

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	$254,534	$302,065	$295,979	$-47,531
2023	$261,975	$243,280	$344,106	$18,695
2022	$281,904	$205,701	$328,387	$76,203
2021	$249,989	$169,258	$248,728	$80,731
2020	$204,917	$179,743	$169,252	$25,174
2019	$246,730	$251,341	$153,332	$-4,611
2018	$257,642	$212,521	$151,722	$45,121