OLDER AMERICANS SERVICES CORPORATIO

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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

GREG MAHURON

Phone

8128653352

Tax Period

2023-01-01 to 2023-12-31

OLDER AMERICANS SERVICES CORPORATIO, founded in 1972, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 22% operating margin.

Mission

SENIOR TRANSPORTATION, SENIOR CENTERS, MEALS, MEDICAL AND OTHER ASSISTANCE TO THE SENIOR CITIZENS OF THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $3,766,571 Revenue: $4,411,698

SENIOR TRANSPORTATION, SENIOR CENTERS, MEALS, MEDICAL AND OTHER ASSISTANCE TO THE SENIOR CITIZENS OF 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 $0

Program Service Revenue $4,411,698

Investment Income $0

Other Revenue $424,341

TOTAL REVENUE $4,836,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,864,041

Fundraising Expenses $0

Program Expenses $3,766,571

Other Expenses $902,530

TOTAL EXPENSES $3,766,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,836,039	$3,047,444	+0.6%
Expenses	$3,766,571	$3,137,225	+0.2%
Net Income	$1,069,468	$-89,781	-12.9%

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

148

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

$151,095

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MAHURON	EXECUTIVE DI	40.00	Officer	$151,095	$0	$151,095
TOM ACTON	BOARD PRESID	1.00	Officer Director	$0	$0	$0
CHARLES P EDWARDS	BOARD TREASU	1.00	Officer Director	$0	$0	$0
JON L KUSS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JUDY LAND	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JANET LUBBERS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DOUGLAS PITTMAN	BOARD SECRET	1.00	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
2024	No data	No data	No data	No data
2023	$4,836,039	$3,766,571	$6,714,238	$1,069,468
2022	$3,047,444	$3,137,225	$5,488,115	$-89,781
2021	$4,569,406	$3,191,396	$5,617,321	$1,378,010
2020	$3,975,735	$3,643,359	$4,667,781	$332,376
2019	$3,162,615	$3,155,397	$3,927,667	$7,218
2018	$3,272,719	$3,334,574	$3,925,860	$-61,855