OHIO ASSOCIATION OF AREA AGENCIES ON AGING (EIN 311242326) - 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

1988

Legal Domicile

Principal Officer

BETH KOWALCZYK

Phone

6144813511

Tax Period

2023-01-01 to 2023-12-31

OHIO ASSOCIATION OF AREA AGENCIES ON AGING, founded in 1988, is a small nonprofit that reported $987K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $914K left a modest 7% surplus.

Mission

TO DEVELOP AND INFLUENCE POLICY RELATED TO THE PURPOSE AND FUNCTIONS OF AREA AGENCIES ON AGING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $513,439

Program Service Revenue $462,845

Investment Income $7,762

Other Revenue $2,475

TOTAL REVENUE $986,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $498,171

Fundraising Expenses $0

Program Expenses $726,264

Other Expenses $415,368

TOTAL EXPENSES $913,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$986,521	$776,023	+0.3%
Expenses	$913,539	$772,350	+0.2%
Net Income	$72,982	$3,673	+18.9%

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

$334,024

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE BURKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG MCGARRY	TRUSTEE	1.00	Director	$0	$0	$0
JACQI LUCKE	TRUSTEE	1.00	Director	$0	$0	$0
BILLIE JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER WESTFALL	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH ROSSI	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG BEACH	IMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
GARY COOK	TRUSTEE	1.00	Director	$0	$0	$0
JIM ENDLY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DUANNA PATTON	TRUSTEE	1.00	Director	$0	$0	$0
KATIE WHITE	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA DEVER	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE GULLEY	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN MOOR	TRUSTEE	1.00	Director	$0	$0	$0
LARKE RECCHIE	EXECUTIVE DIRECTOR (FORMER)	50.00	Officer	$197,050	$14,779	$211,829
ELIZABETH KOWALCZYK	CHIEF EXECUTIVE OFFICER (CURRENT)	40.00	Officer	$122,195	$0	$122,195

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	$986,521	$913,539	$531,063	$72,982
2022	$776,023	$772,350	$597,040	$3,673
2021	$745,558	$682,154	$364,742	$63,404
2020	$564,033	$529,637	$299,067	$34,396
2019	$735,831	$726,526	$264,216	$9,305
2018	$711,685	$717,710	$255,508	$-6,025

OHIO ASSOCIATION OF AREA AGENCIES ON AGING