LORAIN COUNTY OFFICE ON AGING

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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

1973

Legal Domicile

Principal Officer

NICHOLLE BELLMORE PIERSE

Phone

4403264800

Tax Period

2024-01-01 to 2024-12-31

LORAIN COUNTY OFFICE ON AGING, founded in 1973, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum.

Mission

TO PRESERVE AND ENHANCE THE WELL BEING OF LORAIN COUNTYS OLDER ADULTS AND ADULTS WITH SPECIAL NEEDS BY PROMOTING THEIR INDEPENDENCE AND COMMUNITY AWARENESS AND BY UTILIZING

Program Service Accomplishments

Program 1

Expenses: $165,226 Revenue: $0

AGING & DISABILITY RESOURCE NETWORK (ADRN) IS A COMPREHENSIVE SERVICE OFFERRED TO ADULTS WHO ARE 60+ YEARS OR DISABLED AND EXPERIENCING CHALLENGES AND ISSUES THAT ARE MAKING IT DIFFICULT TO REMAIN...

AGING & DISABILITY RESOURCE NETWORK (ADRN) IS A COMPREHENSIVE SERVICE OFFERRED TO ADULTS WHO ARE 60+ YEARS OR DISABLED AND EXPERIENCING CHALLENGES AND ISSUES THAT ARE MAKING IT DIFFICULT TO REMAIN SELF-SUFFICIENT AND SAFELY IN THEIR HOMES. THE PROGRAM IS A STARTING POINT TO OBTAIN COMMUNITY SERVICES AND SUPPORT NEEDED TO ADDRESS BARRIERS AND HELP VULNERABLE AGING AND DISABLED lORAIN COUNTY RESIDENTS TO REMAIN INDEPENDENT IN COMMUNITY SETTINGS. SERVICES INCLUDE: (1) BENEFITS ASSISTANCE, (2) INFORMATION & ASSISTANCE AND (3) OPTIONS COUNSELING TO HELP AT-RISK INDIVIDUALS ADDRESS BARRIERS TO REMAINING INDEPENDENT IN COMMUNITY SETTINGS. HOMEMAKER - PROVIDES HOMEMAKING SERVICES SUCH AS GROCERY SHOPPING, MEAL PREPARATION, LAUNDRY AND LIGHT HOUSEKEEPING TO SUPPORT SAFETY AND INDEPENDENCE FOR THOSE UNABLE TO MAINTAIN A SAFE, CLEAN HOME WITHOUT ASSISTANCE. ASSISTED TRANSPORTATION - PROVIDES SENIORS WITH FREE TRANSPORTATION TO THEIR MEDICAL APPOINTMENTS.

Program 2

Expenses: $663,599 Revenue: $10,874

KINSHIP CARE PROGRAM PROVIDES WRAPAROUND SERVICES TO KINSHIP CAREGIVERS AND THEIR FAMILIES TO ENSURE THAT FAMILIES ARE STABLIZED AND CHILDREN BEING RAISED BY GRANDPARENTS OR OTHER KINSHIP CAREGIVERS WHO ARE NOT THEIR BIOLOGICAL PARENTS ARE SAFE AND ABLE TO GROW INTO STRONG, HEALTHY ADULTS. SERVICES OFFERED THROUGH KINSHIP INCLUDE; INTENSIVE CASE MANAGEMENT, FOOD PANTRY SERVICES, LEGAL FEE ASSISTANCE, CAREGIVER EDUCATION GROUPS AND CAREGIVER SUPPORT GROUPS.

Program 3

Expenses: $839,823 Revenue: $0

SAFE AT HOME: THIS PROGRAM MAKES HOME MODIFICATIONS TO SUPPORT INDEPENDENCE AND SAFETY IN THE HOME; MODIFICATIONS INCLUDE RAMPS, GRAB BARS, HANDRAILS AND BATHROOM MODIFICATIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,203,343

Program Service Revenue $97,097

Investment Income $23,269

Other Revenue $21,621

TOTAL REVENUE $2,345,330

Expense Breakdown

Grants Paid $142,251

Salaries & Benefits $870,430

Fundraising Expenses $3,347

Program Expenses $2,046,224

Other Expenses $1,356,929

TOTAL EXPENSES $2,369,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,345,330	$1,422,395	+0.6%
Expenses	$2,369,610	$1,307,193	+0.8%
Net Income	$-24,280	$115,202	-1.2%

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

Volunteers

268

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BURNS	TRUSTEE	4.00	Director	$0	$0	$0
DEBORAH SHELDON	PRESIDENT	4.00	Officer Director	$0	$0	$0
MAUREEN DOCKRILL	TRUSTEE	4.00	Director	$0	$0	$0
MARY LOU GOLSKI	TRUSTEE	4.00	Director	$0	$0	$0
PAUL FORTHOFER	TRUSTEE	4.00	Director	$0	$0	$0
DOUGLAS VENTLING	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MATT HOHLER	TRUSTEE	4.00	Director	$0	$0	$0
DONALD SCHIFFBAUER	TREASURER	4.00	Officer Director	$0	$0	$0
NICOLLE BELLMORE PIERSE	EXECUTIVE DIRECTOR	40.00	Officer	$75,000	$0	$75,000
LINDA JEFFRIES	TRUSTEE	4.00	Director	$0	$0	$0
MEGAN KINDER	TRUSTEE	4.00	Director	$0	$0	$0
NEIL SPIKE	TRUSTEE	4.00	Director	$0	$0	$0
ERIN POPLAR	TRUSTEE	4.00	Director	$0	$0	$0
CHARLITA ANDERSON-WHITE	SECRETARY	4.00	Officer Director	$0	$0	$0
SANDRA NIEVES	TRUSTEE	4.00	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	$2,345,330	$2,369,610	$1,305,763	$-24,280
2023	$1,422,395	$1,307,193	$1,165,190	$115,202
2022	$1,229,957	$1,155,187	$921,984	$74,770
2021	$1,076,006	$920,378	$658,653	$155,628