MILL RACE CENTER INC

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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

1956

Legal Domicile

Principal Officer

DAN MUSTARD

Phone

8123769241

Tax Period

2023-01-01 to 2023-12-31

MILL RACE CENTER INC, founded in 1956, is a small nonprofit that reported $726K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

OUR MISSION IS TO MAXIMIZE OPPORTUNITIES FOR CITIZENS OVER AGE 50 TO LEAD INDEPENDENT, HEALTHY AND MEANINGFUL LIVES.

Program Service Accomplishments

Program 1

Expenses: $34,602 Revenue: $56,482

MEALS ON WHEELS SERVICE IS OFFERED TO SENIOR CITIZEN MEMBERS FOR A FEE.

Program 2

Expenses: $43,905 Revenue: $130,529

SENIOR CENTER CLUB OFFERS VARIOUS ACTIVITIES AND SOCIAL EVENTS TO MEMBERS.

Program 3

Revenue: $13,119

THE ORGANIZATION OFFERS TOURS AND TRIPS TO SENIOR CITIZEN MEMBERS THROUGHOUT THE YEAR.

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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 $396,457

Program Service Revenue $131,208

Investment Income $331

Other Revenue $197,601

TOTAL REVENUE $725,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,450

Fundraising Expenses $64,183

Program Expenses $629,435

Other Expenses $407,112

TOTAL EXPENSES $787,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$725,597	$794,447	-0.1%
Expenses	$787,562	$930,729	-0.2%
Net Income	$-61,965	$-136,282	-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

123

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

$88,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN MUSTARD	EXECUTIVE DIRECTOR	40.00	Director	$88,630	$0	$88,630
JOSH SHELLEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARLA SATTERFIELD	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
BOB WEIMER	SECRETARY TREASURER	5.00	Officer Director	$0	$0	$0
LARRY ROWE	BOARD MEMBER	5.00	Director	$0	$0	$0
STEPHEN BAYER	BOARD MEMBER	5.00	Director	$0	$0	$0
FATHER CLEM DAVIS	BOARD MEMBER	5.00	Director	$0	$0	$0
JASON GUTHRIE	EX OFFICIO	5.00	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	No data	No data	No data	No data
2023	$725,597	$787,562	$932,719	$-61,965
2022	$794,447	$930,729	$1,020,714	$-136,282
2021	$1,035,024	$744,424	$1,136,125	$290,600
2020	$956,369	$951,217	$847,456	$5,152
2019	$998,994	$1,092,329	$920,396	$-93,335
2018	$1,103,217	$1,234,927	$983,895	$-131,710