PARMA COMMISSION ON AGING INC

EIN: 341426669 501(c)(3)

Cleveland, OH

Total Revenue
$69,369
Total Expenses
$61,196
Total Assets
$57,625
Net Assets
$57,625
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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
1984
Legal Domicile
OH
Principal Officer
JULIA A VARLEY
Phone
4405397229
Tax Period
2024-01-01 to 2024-12-31

PARMA COMMISSION ON AGING INC, founded in 1984, is a micro nonprofit that reported $69K in total revenue in fiscal year 2024. Expenses of $61K left a modest 12% surplus.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. ITS PURPOSE and MISSION IS TO SUPPORT AND SERV OLDER AND DISABLED ADULTS WITH SERVICES AND PROGRAMS.

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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 $31,561
Program Service Revenue $36,193
Investment Income $15
Other Revenue $1,600
TOTAL REVENUE $69,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,637
Program Expenses $56,517
Other Expenses $58,559
TOTAL EXPENSES $61,196

Year-over-Year Comparison

2024 2023 Change
Revenue $69,369 N/A N/A
Expenses $61,196 N/A N/A
Net Income $8,173 N/A N/A
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA A VARLEY PRESIDENT 0.00
Officer
$0 $0 $0
DONNA RADEY VICE PRESIDENT 0.00
Officer
$0 $0 $0
NANCY LAHODNY SECRETARY 0.00
Officer
$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
2025 No data No data No data No data
2024 $69,369 $61,196 $57,625 $8,173
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