SHIAWASSEE COUNCIL ON AGING 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

1972

Legal Domicile

Principal Officer

CYNTHIA MAYHEW

Phone

9897238875

Tax Period

2024-01-01 to 2024-12-31

SHIAWASSEE COUNCIL ON AGING INC, founded in 1972, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 14% surplus.

Mission

TO PROVIDE ADVOCACY, SERVICES AND SUPPORT FOR ALL SENIORS IN SHIAWASSEE COUNTY TO ENABLE THEM TO LIVE INDEPENDENTLY IN THEIR HOMES WITH DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $1,575,164 Revenue: $1,431,159

NUTRITION SERVICES - GRANT FUNDED BY VALLEY AREA AGENCY ON AGING TO PROVIDE CONGREGATE MEALS AT THE DURAND, OWOSSO, AND MORRICE SENIOR CENTERS AND NUTRITIONAL EDUCATION FOR SENIORS 60 YEARS OR OLDER. HOME INJURY CONTROL - GRANT FUNDED BY VALLEY AREA AGENCY ON AGING TO PROVIDE SMALL HOME MODIFICATIONS THAT WILL ALLOW SENIORS 60 YEARS OR OLDER TO REMAIN IN THEIR HOME. MODIFICATIONS MAY INCLUDE RAMPS, SMOKE DETECTORS, HAND BARS, RAISED TOILET AND SEATS, AND RAILS. IN HOME SERVICES - GRANT FUNDED BY VALLEY AREA AGENCY ON AGING TO PROVIDE PERSONAL CARE, HOMEMAKER AND RESPITE SERVICES TO SENIORS IN NEED WHO ARE 60 YEARS OR OLDER. HOME DELIVERED MEALS - GRANT FUNDED BY VALLEY AREA AGENCY ON AGING TO PROVIDE HOME MEAL DELIVERY TO SENIORS IN NEED WHO ARE 60 YEARS OR OLDER.

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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 $798,694

Program Service Revenue $36,994

Investment Income $18,621

Other Revenue $1,394,165

TOTAL REVENUE $2,248,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,010,538

Fundraising Expenses $32,040

Program Expenses $1,575,164

Other Expenses $914,258

TOTAL EXPENSES $1,924,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,248,474	$1,981,891	+0.1%
Expenses	$1,924,796	$1,823,462	+0.1%
Net Income	$323,678	$158,429	+1.0%

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

$99,912

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA MAYHEW	EXECUTIVE DI	40.00	Officer	$85,573	$14,339	$99,912
BARBARA BAKER-OMEROD	CHAIR	3.00	Officer Director	$0	$0	$0
KENNETH THEMM	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MARLENE WEBSTER	SECRETARY	3.00	Officer Director	$0	$0	$0
CONNIE CRIST	TREASURER	3.00	Officer Director	$0	$0	$0
JEAN MCKENNA	DIRECTOR	0.50	Director	$0	$0	$0
TOM MUNDY	DIRECTOR	0.50	Director	$0	$0	$0
GARY HOLZHAUSEN	DIRECTOR	0.50	Director	$0	$0	$0
NANCY PETERSON	DIRECTOR	0.50	Director	$0	$0	$0
JAMES SHAW	DIRECTOR	0.50	Director	$0	$0	$0
MARK FULKS	DIRECTOR	0.50	Director	$0	$0	$0
KAREN DICARLO	DIRECTOR	0.50	Director	$0	$0	$0
LISA DEDDEN COOPER	DIRECTOR	0.50	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	$2,248,474	$1,924,796	$2,334,599	$323,678
2023	$1,981,891	$1,823,462	$2,017,966	$158,429
2022	$1,802,988	$1,728,044	$1,860,055	$74,944
2021	$1,909,562	$1,497,614	$1,837,221	$411,948
2020	$1,749,728	$1,456,742	$1,500,999	$292,986
2019	$1,533,735	$1,416,372	$1,122,618	$117,363
2018	$1,412,013	$1,328,833	$992,836	$83,180