WESTERN RESERVE AREA AGENCY ON AGING (EIN 341620774) - 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

1976

Legal Domicile

Principal Officer

CHRISTOPHER HALL

Phone

2166218010

Tax Period

2024-01-01 to 2024-12-31

WESTERN RESERVE AREA AGENCY ON AGING, founded in 1976, is a major nonprofit in the Human Services sector that reported $127.3M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

WE PROVIDE CHOICES FOR PEOPLE TO LIVE INDEPENDENTLY IN THE PLACE THEY WANT TO CALL HOME.

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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 $97,626,316

Program Service Revenue $29,518,478

Investment Income $98,143

Other Revenue $92,631

TOTAL REVENUE $127,335,568

Expense Breakdown

Grants Paid $21,718

Salaries & Benefits $33,929,634

Fundraising Expenses $0

Program Expenses $117,646,010

Other Expenses $89,687,034

TOTAL EXPENSES $123,638,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,335,568	$86,696,806	+0.5%
Expenses	$123,638,386	$85,158,580	+0.5%
Net Income	$3,697,182	$1,538,226	+1.4%

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

343

Volunteers

N/A

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

$1,180,636

Total Directors

Key Employees

$2,223,767

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM THOMAS III ESQ	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK A WEGLARZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SPENCER KLINE III ESQ	TREASURER	1.00	Officer Director	$0	$0	$0
GERALDINE FINEBERG-SIEGAL	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW JACKSON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD PIRAINO	CHAIR FIVE COUNTY	1.00	Director	$0	$0	$0
GEORGIA ANETZBERGER PHD	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY BERNARDI	TRUSTEE	1.00	Director	$0	$0	$0
SUE BIAGIANTI	TRUSTEE	1.00	Director	$0	$0	$0
FLOSSIE L BRISKER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES W CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
JANICE M DZIGIEL	TRUSTEE	1.00	Director	$0	$0	$0
MARIE MIRRO EDMONDS ESQ	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM B LEAHY ESQ	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS LOWENKAMP	TRUSTEE	1.00	Director	$0	$0	$0
PAULETTE MCMONAGLE	TRUSTEE	1.00	Director	$0	$0	$0
MARY MCNAMARA	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT ROYER	TRUSTEE	1.00	Director	$0	$0	$0
HARVEY SHANKMAN	TRUSTEE	1.00	Director	$0	$0	$0
ELEANOR STEIGMAN	TRUSTEE	1.00	Director	$0	$0	$0
CAMILLE WARNER PHD	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN WHITEMAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM ZAFIRAU	TRUSTEE	1.00	Director	$0	$0	$0
E DOUGLAS BEACH	CHIEF EXECUTIVE OFFICER	40.00	Officer	$497,114	$41,528	$538,642
CHRISTOPHER HALL	CHIEF OPERATING OFFICER	40.00	Officer	$378,004	$40,363	$418,367
JOEY HARRIS	CHIEF FINANCIAL OFFICER	40.00	Officer	$190,711	$32,916	$223,627
JUNE TAYLOR	CHIEF, STRATEGY AND PERFORMANCE	40.00	Key Emp	$296,326	$34,741	$331,067
CRAIG THOMAS	SENIOR DIRECTOR OF CLINICAL SERVICES	40.00	Key Emp	$214,012	$25,019	$239,031
JOSEPH BENNY	DIRECTOR OF COMMUNICATIONS	40.00	Key Emp	$192,672	$0	$192,672
FATIMA PERKINS	DIRECTOR OF COMMUNITY OUTREACH & ADVOCACY	40.00	Key Emp	$180,438	$18,500	$198,938
MARY LIPOVAN	DIRECTOR OF PUBLIC HEALTH AND TRANSITIONAL CARE	40.00	Key Emp	$180,271	$18,744	$199,015
NITA BRING-MAZUREK	DIRECTOR OF COMMUNITY & WAIVER SERVICES	40.00	Key Emp	$172,531	$31,739	$204,270
THERESA FOSTER	DIRECTOR OF AGING AND DISABILILITY RESOURCE CENTE	40.00	Key Emp	$172,172	$32,310	$204,482
MARK DAVIDSON	DIRECTOR OF IT	40.00	Key Emp	$150,635	$6,696	$157,331
KAREN WEBB	DIRECTOR OF PROGRAM DEVELOPMENT AND PLANNING	40.00	Key Emp	$141,734	$16,667	$158,401
TOMMY YORK	DIRECTOR OF BUSINESS OPERATIONS	40.00	Key Emp	$140,585	$28,178	$168,763
ENDIA HAYES	DIRECTOR OF HUMAN RESOUCES	40.00	Key Emp	$139,003	$30,794	$169,797
TANISHA HILL	CLINICAL MANAGER	40.00	Highest	$128,391	$24,085	$152,476
KAREN BAUER	CLINICAL MANAGER	40.00	Highest	$106,821	$15,743	$122,564
DANIELLE CLAY	TRAINING & DEVELOPMENT MANAGER	40.00	Highest	$103,642	$29,756	$133,398
MYRON BENNETT	MANAGER, PERFORMANCE MEASUREMENT & QUALITY INITIAT	40.00	Highest	$103,575	$29,126	$132,701
KERRIE ROTH	CLINICAL MANAGER	40.00	Highest	$102,941	$7,300	$110,241

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	$127,335,568	$123,638,386	$46,394,734	$3,697,182
2023	$86,696,806	$85,158,580	$35,909,582	$1,538,226
2023	$86,696,806	$85,158,580	$35,909,582	$1,538,226
2022	$79,634,307	$79,115,739	$34,455,678	$518,568
2021	$84,969,707	$81,584,334	$22,317,796	$3,385,373
2020	$77,134,611	$76,217,531	$21,602,074	$917,080
2019	$69,555,568	$69,113,909	$14,996,996	$441,659
2018	$68,098,218	$67,331,053	$15,106,046	$767,165

WESTERN RESERVE AREA AGENCY ON AGING