SENIOR CENTERS INC (EIN 341197082) - 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

1972

Legal Domicile

Principal Officer

SHELLY MCCOY GRISSOM

Phone

4192429511

Tax Period

2023-01-01 to 2023-12-31

SENIOR CENTERS INC, founded in 1972, is a small nonprofit in the Human Services sector that reported $567K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $545K left a modest 4% surplus.

Mission

A NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO SERVE OLDER MEMBERS OF THE COMMUNITY AGE 60 AND OVER BY PROVIDING PROGRAMS AND SERVICES THAT ENHANCE THEIR DIGNITY, SUPPORT THEIR INDEPENDENCE AND ENCOURAGE THEIR INVOLVEMENT IN THE COMMUNITY.

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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 $521,725

Program Service Revenue $0

Investment Income $37,198

Other Revenue $7,847

TOTAL REVENUE $566,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,290

Fundraising Expenses $0

Program Expenses $486,493

Other Expenses $295,543

TOTAL EXPENSES $544,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,770	$457,046	+0.2%
Expenses	$544,833	$494,302	+0.1%
Net Income	$21,937	$-37,256	-1.6%

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

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

$79,260

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM EICHENAUER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL PARCELL	TREASURER	1.00	Officer Director	$0	$0	$0
LONDON WEATHERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHEILA COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
PEDRO CARRIZALES	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT MATTHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLY MCCOY GRISSOM	EXECUTIVE DIRECTOR	40.00	Officer	$68,594	$10,666	$79,260

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	$566,770	$544,833	$969,140	$21,937
2022	$457,046	$494,302	$855,776	$-37,256
2021	$689,992	$532,249	$1,055,693	$157,743
2020	$504,160	$540,274	$826,107	$-36,114
2019	$593,894	$576,947	$797,305	$16,947
2018	$620,725	$599,829	$708,330	$20,896

SENIOR CENTERS INC