PAINESVILLE AREA SENIOR CITIZENS C… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

DENISE J POWELL

Phone

4403528095

Tax Period

2020-01-01 to 2020-12-31

PAINESVILLE AREA SENIOR CITIZENS CENTER, founded in 1974, is a small nonprofit that reported $179K in total revenue in fiscal year 2020. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 52% operating margin.

Mission

To provide Lake County Seniors with programs and activities that enhance the quality of their lives.

Program Service Accomplishments

Program 1

Expenses: $86,543

PROVIDED THE FOLLOWING INSTRUCTIONAL PROGRAMS TO SENIORS PIANO LESSONS, AEROBICS, TAI CHI, YOGA, AND LINE DANCING. PROVIDED EDUCATION ON HEALTH AND WELLNESS ABOUT BLOOD PRESSURE, STROKES, DIETARY...

PROVIDED THE FOLLOWING INSTRUCTIONAL PROGRAMS TO SENIORS PIANO LESSONS, AEROBICS, TAI CHI, YOGA, AND LINE DANCING. PROVIDED EDUCATION ON HEALTH AND WELLNESS ABOUT BLOOD PRESSURE, STROKES, DIETARY, AND GENERAL WELLNESS PROVIDED HEARING SCREENING, VISION SCREENING, AND CARDIOVASCULAR SCREENING. PROVIDING EDUCATION ON MEDICARE, VA BENEFITS, INVESTMENTS, HEALTHCARE, SAFETY, PAIN MANAGEMENT, IMMUNOLOGY, GENEALOGY, SR. INDEPENDENCE, INCONTINENCE, DIABETIES, PODIATRIC CARE AND DRUG REPOSITORY. PROVIDING VARIOUS TRAVEL AND ENTERTAINMENT ACTIVITIES IN THE LOCAL COMMUNITY AND OUT OF STATE. PROVIDING FACILITIES AND EQUIPMENT TO SENIORS SUCH AS A FITNESS ROOM, BOWLING MACHINE, AND A WII GAMING SYSTEM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $68,656

Program Service Revenue $2,924

Investment Income $107,143

Other Revenue $0

TOTAL REVENUE $178,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,172

Fundraising Expenses $0

Program Expenses $86,543

Other Expenses $24,371

TOTAL EXPENSES $86,543

Year-over-Year Comparison

	2020	2019	Change
Revenue	$178,723	$115,131	+0.6%
Expenses	$86,543	$95,410	-0.1%
Net Income	$92,180	$19,721	+3.7%

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

Total Directors

$57,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE POWELL	DIRECTOR	040.00	Director Highest	$57,037	$0	$57,037
JEANETTE CRISLIP	TRUSTEE	000.50	Director	$0	$0	$0
DAVID LUHTA	TRUSTEE	000.50	Director	$0	$0	$0
TOM GUERRA	TRUSTEE	000.50	Director	$0	$0	$0
SUSAN WALTERS	TRUSTEE	000.50	Director	$0	$0	$0
TROY HAGER	PRESIDENT	000.50	Officer	$0	$0	$0
ALBERT DILORIO	TREASURER	000.50	Officer	$0	$0	$0
CAROL FLECK	VICE PRESIDENT	000.50	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
2020	$178,723	$86,543	$1,016,245	$92,180
2019	$115,131	$95,410	$921,937	$19,721
2018	$180,116	$91,125	$901,263	$88,991

PAINESVILLE AREA SENIOR CITIZENS CENTER