NORWALK SENIOR CENTER INC

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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

1969

Legal Domicile

Principal Officer

BEATRIX LANE

Phone

2038473115

Tax Period

2024-07-01 to 2025-06-30

NORWALK SENIOR CENTER INC, founded in 1969, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $157K, a strong 16% operating margin.

Mission

NORWALK SENIOR CENTER INC. IS A COMMUNITY-BASED NON-FOR-PROFIT CORPORATION THAT OPERATES DIVERSE PROGRAMS FOR SENIOR CITIZENS, PROVIDING SOCIAL AND WELLNESS SERVICES AND INDEPENDENCE FOR RESIDENTS SIXTY AND OLDER.

Program Service Accomplishments

Program 1

Expenses: $148,845

MEALS ON WHEELS IS A PROGRAM AVAILABLE TO ALL NORWALK RESIDENTS OF ANY AGE WHO ARE NOT MEETING THEIR NUTRITION NEEDS BECAUSE OF DIFFICULTY SHOPPING OR PREPARING THEIR OWN MEALS DUE TO LONG TERM...

MEALS ON WHEELS IS A PROGRAM AVAILABLE TO ALL NORWALK RESIDENTS OF ANY AGE WHO ARE NOT MEETING THEIR NUTRITION NEEDS BECAUSE OF DIFFICULTY SHOPPING OR PREPARING THEIR OWN MEALS DUE TO LONG TERM ILLNESS, INJURY, DISABILITY OR GENERAL FRAILTY.

Program 2

Expenses: $183,303

SOCIAL ACTIVITIES, INCLUDING TRIPS, PROGRAMS AND EDUCATIONAL EVENTS FOR THE MEMBERS WITH SPREAKERS ON TOPICS OF INTEREST TO SENIORS.

Program 3

Expenses: $122,783

TRANSPORTATION SERVICERS FOR SENIORS, INCLUDING REGULAR SHOPPING TRIPS FOR FOOD AND OTHER NECESSITIES, AS WELL AS TRANSPORT TO AND FROM FACILITIES.

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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 $644,004

Program Service Revenue $99,795

Investment Income $5,609

Other Revenue $250,913

TOTAL REVENUE $1,000,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,832

Fundraising Expenses $59,572

Program Expenses $557,217

Other Expenses $315,738

TOTAL EXPENSES $843,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,000,321	$955,641	+0.0%
Expenses	$843,570	$1,081,640	-0.2%
Net Income	$156,751	$-125,999	-2.2%

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

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

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

$86,965

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEATRIX LANE	EXECUTIVE DI	40.00	Officer	$86,965	$0	$86,965
DORIS M ASH	BOARD MEMBER	0.50	Director	$0	$0	$0
AMI-LYNN BAKASHI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARYANN BRUNO	BOARD MEMBER	0.50	Director	$0	$0	$0
PAULA CONTE	BOARD MEMBER	0.50	Director	$0	$0	$0
GREG FERINE	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROL FRANK	BOARD MEMBER	0.50	Director	$0	$0	$0
CYNDE BLOOM LAHEY	BOARD MEMBER	0.50	Director	$0	$0	$0
WENDY A MACEDO	TREASURER	1.00	Officer Director	$0	$0	$0
MARK MAGNUSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN MULLINS	BOARD MEMBER	0.50	Director	$0	$0	$0
DON OVERTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL SGOBBO	BOARD MEMBER	0.50	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
2025	$1,000,321	$843,570	$685,146	$156,751
2024	No data	No data	No data	No data
2023	$955,641	$1,081,640	$274,426	$-125,999
2022	$847,058	$961,496	$343,670	$-114,438
2021	$871,166	$838,956	$475,279	$32,210