HOLMES COUNTY COUNCIL ON AGING INC (EIN 341310008) - 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

1979

Legal Domicile

Phone

3306740580

Tax Period

2023-01-01 to 2023-12-31

HOLMES COUNTY COUNCIL ON AGING INC, founded in 1979, is a small nonprofit in the Human Services sector that reported $403K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Net assets of $973K represent 29 months of operating reserves.

Mission

TO PROMOTE THE PHYSICAL, EMOTIONAL, INTELLECTUAL, AND SOCIAL WELL BEING OF THE SENIOR CITIZENS OF HOLMES COUNTY, OHIO THROUGH THE DELIVERY OF SUPPORTIVE SERVICES SUCH AS MEAL AND TRANSPORTATION PROGRAMS THEREBY ENHANCING THE QUALITY OF LIFE WHILE FOSTERING INDEPENDENCE.

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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 $107,476

Program Service Revenue $277,814

Investment Income $11,802

Other Revenue $5,710

TOTAL REVENUE $402,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,457

Fundraising Expenses $0

Program Expenses $409,940

Other Expenses $239,483

TOTAL EXPENSES $409,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,802	$315,669	+0.3%
Expenses	$409,940	$330,324	+0.2%
Net Income	$-7,138	$-14,655	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY HAMILTON	BUSINESS MANAGER	45.00		$60,189	$0	$60,189
MIKE STRINGFELLOW	BOARD MEMBER	2.00	Director	$0	$0	$0
ANN STOTLER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TABBY STROUSE	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ED REINING	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENDA REINING	SEC/TREAS	2.00	Officer 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
2023	$402,802	$409,940	$979,976	$-7,138
2022	$315,669	$330,324	$986,985	$-14,655
2021	$359,215	$308,800	$1,002,962	$50,415
2020	$337,368	$296,050	$954,671	$41,318
2019	$303,204	$310,211	$915,273	$-7,007
2018	$279,581	$298,419	$914,614	$-18,838

HOLMES COUNTY COUNCIL ON AGING INC