HEALTH IN AGING FOUNDATION

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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

1999

Legal Domicile

Principal Officer

JAN BUSBY-WHITEHEAD MD A

Phone

2123081414

Tax Period

2023-01-01 to 2023-12-31

HEALTH IN AGING FOUNDATION, founded in 1999, is a micro nonprofit in the Health Care sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO IMPROVE THE HEALTH, INDEPENDENCE, AND QUALITY OF LIFE OF ALL OLDER PEOPLE. ALL OLDER ADULTS AND CAREGIVERS WILL BE EMPOWERED TO ACTIVELY PARTICIPATE IN HEALTH CARE AND DECISION-MAKING.

Program Service Accomplishments

Program 1

Expenses: $28,000

THE HEALTH IN AGING FOUNDATION'S RISING STAR FUND SUPPORTS TRAINEES WHO ARE INVITED TO ATTEND THE AMERICAN GERIATRICS SOCIETY'S ANNUAL SCIENTIFIC MEETING AND PRESENT THEIR GERIATRICS RESEARCH AT THE SPECIAL STUDENT POSTER SESSION. STUDENT RESEARCHERS WHO ATTEND THE ANNUAL MEETING HAVE THE OPPORTUNITY TO INTERACT WITH GERIATRICS PROFESSIONALS FROM A RANGE OF DISCIPLINES AND TO LEARN ABOUT CUTTING EDGE RESEARCH, INNOVATIONS IN CLINICAL CARE, AND EDUCATIONAL AND CAREER OPPORTUNITIES.

Program 2

Expenses: $2,000

THE HEALTH IN AGING FOUNDATION NEW INVESTIGATOR AWARDS ARE PRESENTED TO INDIVIDUALS WHOSE ORIGINAL RESEARCH, AS PRESENTED IN A SUBMITTED ABSTRACT FOR AN AGS ANNUAL SCIENTIFIC MEETING, REFLECTS NEW...

THE HEALTH IN AGING FOUNDATION NEW INVESTIGATOR AWARDS ARE PRESENTED TO INDIVIDUALS WHOSE ORIGINAL RESEARCH, AS PRESENTED IN A SUBMITTED ABSTRACT FOR AN AGS ANNUAL SCIENTIFIC MEETING, REFLECTS NEW AND RELEVANT RESEARCH IN GERIATRICS. THE AWARD IS DESIGNED TO RECOGNIZE INDIVIDUALS WHO ARE COMMITTED TO A CAREER IN AGING RESEARCH.

Program 3

Expenses: $2,000

MAINTENANCE & CONTENT UPDATES FOR HEALTHINAGING.ORG. HEALTHINAGING.ORG PROVIDES CONSUMERS AND CAREGIVERS WITH UP-TO-DATE INFORMATION ON HEALTH AND AGING. OVERSEEN BY A TEAM OF EXPERTS ON CARING FOR OLDER ADULTS, HEALTHINAGING.ORG CONTENT IS BASED ON RESOURCES THAT THE AMERICAN GERIATRICS SOCIETY HAS DEVELOPED FOR ITS PROFESSIONAL MEMBERS.

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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 $77,815

Program Service Revenue $0

Investment Income $157

Other Revenue $833

TOTAL REVENUE $78,805

Expense Breakdown

Grants Paid $32,000

Salaries & Benefits $0

Fundraising Expenses $774

Program Expenses $68,462

Other Expenses $57,693

TOTAL EXPENSES $89,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,805	$142,273	-0.4%
Expenses	$89,693	$104,362	-0.1%
Net Income	$-10,888	$37,911	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN BUSBY-WHITEHEAD MD AGSF	CHAIR	2.00	Officer Director	$0	$0	$0
JERRY C JOHNSON MD AGSF	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH G OUSLANDER MD AGSF	TREASURER	1.00	Officer Director	$0	$0	$0
SHARON BRANGMAN MD AGSF	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PACALA MD MS	DIRECTOR	1.00	Director	$0	$0	$0
F MICHAEL GLOTH III MD FACP	DIRECTOR	1.00	Director	$0	$0	$0
LYNN SPRAGENS MBA	DIRECTOR	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$78,805	$89,693	$897,018	$-10,888
2022	$142,273	$104,362	$874,109	$37,911
2021	$74,460	$48,207	$831,517	$26,253
2020	$53,950	$21,916	$814,380	$32,034
2019	$128,831	$86,355	$765,005	$42,476
2018	$157,601	$60,530	$727,459	$97,071