COUNCIL ON AGING OF BUNCOMBE COUNTY INC

EIN: 237410586 501(c)(3) Human Services

ASHEVILLE, NC

Total Revenue
$1,522,472
Total Expenses
$1,627,705
Total Assets
$358,299
Net Assets
$278,766
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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
1964
Legal Domicile
NC
Principal Officer
JUDITH LONG
Phone
8282778288
Tax Period
2023-07-01 to 2024-06-30

COUNCIL ON AGING OF BUNCOMBE COUNTY INC, founded in 1964, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

PROMOTING AND IMPROVING THE GENERAL HEALTH AND WELFARE OF SENIOR ADULTS IN BUNCOMBE COUNTY BY ADMINISTERING A VARIETY OF PROGRAMS AND SERVICES DESIGNED TO MEET THEIR NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,443,074
Program Service Revenue $64,672
Investment Income $13,139
Other Revenue $1,587
TOTAL REVENUE $1,522,472

Expense Breakdown

Grants Paid $0
Salaries & Benefits $925,775
Fundraising Expenses $1,677
Program Expenses $1,433,944
Other Expenses $701,930
TOTAL EXPENSES $1,627,705

Year-over-Year Comparison

2023 2022 Change
Revenue $1,522,472 $2,263,693 -0.3%
Expenses $1,627,705 $2,477,436 -0.3%
Net Income $-105,233 $-213,743 -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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Governance

Voting Members
9
Independent Members
9
Employees
32
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CALOGERO BOARD MEMBER 0.25
Director
$0 $0 $0
ANDREW CELWYN BOARD MEMBER 0.25
Director
$0 $0 $0
JACKIE DULA BOARD MEMBER 0.25
Officer Director
$0 $0 $0
PASTOR SPENCER HARDAWAY BOARD MEMBER 0.25
Director
$0 $0 $0
DEAN HILL TREASURER/SE 1.00
Officer Director
$0 $0 $0
BRIAN LAWLER BOARD MEMBER 0.25
Director
$0 $0 $0
AMY SIEGLER BOARD MEMBER 0.25
Director
$0 $0 $0
LAURA UHERKA BOARD MEMBER 0.25
Director
$0 $0 $0
GAYLAND WELLBORN BOARD MEMBER 0.25
Director
$0 $0 $0
SARA E BENSON CO-EXECUTIVE 40.00
Officer
$0 $0 $0
RACHEL MILLER CO-EXECUTIVE 40.00
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 No data No data No data No data
2024 $1,522,472 $1,627,705 $358,299 $-105,233
2023 $2,263,693 $2,477,436 $506,049 $-213,743
2022 $2,003,265 $2,052,370 $801,271 $-49,105
2021 $1,785,771 $1,751,487 $812,709 $34,284
2020 $1,242,027 $1,022,394 $687,594 $219,633
2019 $1,088,274 $1,035,119 $499,489 $53,155
2018 $1,091,379 $1,044,342 $441,201 $47,037
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