ELDERSOURCE INC (EIN 271456179) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

LINDA LEVIN

Phone

9043916600

Tax Period

2023-01-01 to 2023-12-31

ELDERSOURCE INC, founded in 2009, is a micro nonprofit in the Human Services sector that reported $50K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 404% operating deficit.

Mission

ELDERSOURCE INC.'S PRIMARY PURPOSE IS TO PROVIDE GUIDANCE AND OVERSIGHT TO AFFILIATED 501(C)(3) ENTITIES WHOSE PRIMARY PURPOSE IS TO RAISE FUNDS AND PROVIDE SERVICES THAT WILL IMPROVE THE LIVES OF ELDERS AND THEIR CAREGIVERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $66,412

Program Service Revenue $0

Investment Income $6

Other Revenue $-16,178

TOTAL REVENUE $50,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,059

Other Expenses $253,032

TOTAL EXPENSES $253,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,240	$135,583	-0.6%
Expenses	$253,032	$246,295	+0.0%
Net Income	$-202,792	$-110,712	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$166,705

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SANDY ROBINSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ED SALEK	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA GILREATH	SECRETARY	1.00	Officer Director	$0	$0	$0
WALETTE STANFORD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STUART GAINES	DIRECTOR	1.00	Director	$0	$0	$0
FRAN PEPIS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JORGENSEN	DIRECTOR	1.00	Director	$0	$0	$0
GRADY WILLIAMS	AT LARGE DIRECTOR	1.00	Officer Director	$0	$0	$0
DR CYNTHIA GRIFFIN	AT LARGE DIRECTOR	1.00	Officer Director	$0	$0	$0
LINDA LEVIN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$166,705

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	No data	No data	No data	No data
2023	$50,240	$253,032	$465,665	$-202,792
2022	$135,583	$246,295	$647,388	$-110,712
2021	$73,609	$192,077	$988,229	$-118,468
2020	$33,635	$109,715	$675,259	$-76,080
2019	$64,376	$93,876	$655,026	$-29,500
2018	$49,100	$67,184	$653,091	$-18,084

ELDERSOURCE INC