LORAIN COUNTY OFFICE ON AGING

EIN: 341136543 501(c)(3)

ELYRIA, OH

Total Revenue
$2,345,330
Total Expenses
$2,369,610
Total Assets
$1,305,763
Net Assets
$786,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
OH
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

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
43
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
5
$75,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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