JENNINGS CENTER FOR OLDER ADULTS (EIN 340714679) - 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

1941

Legal Domicile

Principal Officer

MATTHEW BOLLIN

Phone

2165812900

Tax Period

2023-01-01 to 2023-12-31

JENNINGS CENTER FOR OLDER ADULTS, founded in 1941, is a mid-sized nonprofit in the Health Care sector that reported $33.6M in total revenue in fiscal year 2023.

Mission

CARE FOR OLDER ADULTS IN A CONTINUUM OF CARE CONSISTING OF INDEPENDENT LIVING, ASSISTED LIVING, NURSING HOME CARE, HOME CARE, AND ADULT DAY AND CHILD CARE SERVICES.

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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 $1,782,342

Program Service Revenue $30,429,710

Investment Income $515,335

Other Revenue $847,487

TOTAL REVENUE $33,574,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,012,484

Fundraising Expenses $297,231

Program Expenses $28,528,902

Other Expenses $16,077,046

TOTAL EXPENSES $34,089,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,574,874	$33,416,187	+0.0%
Expenses	$34,089,530	$34,027,556	+0.0%
Net Income	$-514,656	$-611,369	-0.2%

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

799

Volunteers

200

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

$483,226

Total Directors

$315,741

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN MISENER	DIRECTOR	1.00	Director	$0	$0	$0
FR WALTER JENNE	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON O'SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
REGINA CHIARUCCI	SECRETARY	1.00	Director	$0	$0	$0
MARY ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KRUS	DIRECTOR	1.00	Director	$0	$0	$0
FRED KREINER	DIRECTOR	1.00	Director	$0	$0	$0
VIDA LOCK	DIRECTOR	1.00	Director	$0	$0	$0
HUGH MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
NORA HENNESSY	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
MARYELLEN FEDELI	DIRECTOR	1.00	Director	$0	$0	$0
FATIMA PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
DALE KAPROSY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GARCIA	TREASURER	1.00	Director	$0	$0	$0
MARY ANN THEBY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WINTER	CHAIR	1.00	Director	$0	$0	$0
KELLY LINSON	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON SALOPECK	PRESIDENT & CEO	40.00	Officer Director	$292,001	$23,740	$315,741
LAURA MCGRATH MATHER	DIRECTOR	1.00	Director	$0	$0	$0
HERBERT PLEASANT	VICE CHAIR	1.00	Director	$0	$0	$0
MATTHEW BOLLIN	CHIEF FINANCIAL OFFICER	40.00	Officer	$161,231	$6,254	$167,485
DEAN PALOMBARO	EXECUTIVE DIRECTOR	40.00	Highest	$110,385	$5,283	$115,668
NKECHI EDEH	ADMINISTRATOR	40.00	Highest	$120,000	$23,628	$143,628
JOHN PASSE	CHIEF INFORMATION OFFICER	40.00	Highest	$108,234	$12,928	$121,162
VIVIAN SPRINGER	EXEC.DIR.-NOTRE DAME VILLAGE	40.00	Highest	$114,977	$13,687	$128,664
LISA BRAZYTIS	CHIEF MARKETING OFFICER	40.00	Highest	$110,923	$24,086	$135,009

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	$33,574,874	$34,089,530	$86,683,567	$-514,656
2022	$33,416,187	$34,027,556	$87,358,214	$-611,369
2021	$33,313,522	$29,671,263	$56,940,447	$3,642,259
2020	$32,073,535	$29,800,100	$56,243,744	$2,273,435
2019	$28,881,083	$29,550,076	$50,405,782	$-668,993
2018	$25,110,887	$26,254,688	$49,355,460	$-1,143,801

JENNINGS CENTER FOR OLDER ADULTS