FIRST ACTIVE SENIORS CORPORATION IV (EIN 364097546) - 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

1996

Legal Domicile

Principal Officer

MICHAEL FIANDACA

Phone

3122369673

Tax Period

2023-07-01 to 2024-06-30

FIRST ACTIVE SENIORS CORPORATION IV, founded in 1996, is a small nonprofit that reported $178K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $334K exceeded revenue, resulting in a 88% operating deficit.

Mission

SERVICES TO ACTIVE SENIOR CITIZENS

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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 $178,018

Investment Income $0

Other Revenue $0

TOTAL REVENUE $178,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,067

Fundraising Expenses $0

Program Expenses $301,815

Other Expenses $291,093

TOTAL EXPENSES $334,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,018	$213,013	-0.2%
Expenses	$334,160	$351,422	0.0%
Net Income	$-156,142	$-138,409	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA LUX	TREASURER	10.00	Officer Director	$0	$0	$0
MICHAEL FIANDACA	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN FIANDACA	SECRETARY	10.00	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
2025	No data	No data	No data	No data
2024	$178,018	$334,160	$1,789,487	$-156,142
2023	$213,013	$351,422	$1,937,908	$-138,409
2022	$166,681	$290,399	$2,017,330	$-123,718
2021	$146,752	$253,630	$2,152,275	$-106,878
2020	$240,497	$384,005	$2,300,543	$-143,508

FIRST ACTIVE SENIORS CORPORATION IV