ELDERDAY CENTER

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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

1990

Legal Domicile

Phone

6307619750

Tax Period

2023-01-01 to 2023-12-31

ELDERDAY CENTER, founded in 1990, is a small nonprofit in the Human Services sector that reported $277K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $266K left a modest 4% surplus.

Mission

ELDERDAY CENTER, INC. IS COMMITTED TO PROVIDING QUALITY DAY SERVICES AND PROMOTING INDEPENDENCE FOR OLDER ADULTS AND PROVIDING SUPPORT AND EDUCATION FOR THEIR CARE GIVERS.

Program Service Accomplishments

Program 1

Expenses: $189,239 Revenue: $172,190

THE CENTER PROVIDES ADULT DAY SERVICES TO INDIVIDUALS AND THEIR FAMILIES. THE PURPOSE IS TO ALLOW ADULTS TO REMAIN IN THEIR OWN FAMILIAR ENVIRONMENT.

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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 $54,184

Program Service Revenue $172,190

Investment Income $0

Other Revenue $50,185

TOTAL REVENUE $276,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,676

Fundraising Expenses $5,471

Program Expenses $189,239

Other Expenses $77,244

TOTAL EXPENSES $265,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,559	$335,865	-0.2%
Expenses	$265,920	$325,398	-0.2%
Net Income	$10,639	$10,467	+0.0%

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

$67,049

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COBB	CEO	40.00	Officer	$67,049	$0	$67,049
BILL GERMANETTI	Treasurer	2.00	Officer Director	$0	$0	$0
AMY HOWES	SHS	4.00	Officer Director	$0	$0	$0
RACHEL SCHUCK	President	4.00	Officer Director	$0	$0	$0
JOY PASCOE	Secretary	2.00	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	$276,559	$265,920	$152,010	$10,639
2022	$335,865	$325,398	$141,759	$10,467
2021	$381,728	$311,166	$155,292	$70,562
2020	$173,673	$197,742	$158,615	$-24,069
2019	$156,226	$242,632	$52,038	$-86,406