TITUSVILLE AREA SENIOR CITIZENS COR (EIN 251339303) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

TITUSVILLE AREA SENIOR CITIZENS COR, founded in 1977, is a small nonprofit in the Human Services sector that reported $239K in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 17% operating margin.

Mission

THE MISSION OF THE TITUSVILLE AREA SENIOR CITIZENS CORPORATION IS TO ASSURE THAT OLDER ADULTS REMAIN ACTIVE, INDEPENDENT, HEALTHY, AND INVOLVED IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $218,153

Program Service Revenue $0

Investment Income $20,719

Other Revenue $0

TOTAL REVENUE $238,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,471

Fundraising Expenses $0

Program Expenses $155,017

Other Expenses $122,439

TOTAL EXPENSES $197,910

Year-over-Year Comparison

	2022	2021	Change
Revenue	$238,872	$198,087	+0.2%
Expenses	$197,910	$186,615	+0.1%
Net Income	$40,962	$11,472	+2.6%

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

100

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL SCOTT	SECRETARY	3.00	Officer	$0	$0	$0
WENDY WRIGHT	VICE PRESIDENT	3.00	Officer	$0	$0	$0
HERB BUTCHER	PRESIDENT	3.00	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
2023	$238,872	$197,910	$523,109	$40,962
2022	$198,087	$186,615	$483,033	$11,472
2021	$195,741	$191,539	$510,779	$4,202
2020	$223,124	$211,286	$470,290	$11,838
2019	$214,098	$196,114	$441,000	$17,984

TITUSVILLE AREA SENIOR CITIZENS COR