REGION VII AREA AGENCY ON AGING

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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

1975

Legal Domicile

Principal Officer

MONICA FREIER

Phone

9898934506

Tax Period

2023-10-01 to 2024-09-30

REGION VII AREA AGENCY ON AGING, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $54.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EFFECTIVE AND INNOVATIVE CARE TO IMPROVE THE WELL-BEING OF COMMUNITY RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $49,575,702 Revenue: $42,825,764

MI CHOICE MEDICAID WAIVER PROGRAM: PROVIDES PERSONAL CARE, COMMUNITY LIVING SUPPORTS, ADULT DAY CARE, CHORE, PRIVATE DUTY NURSING, TRAINING, HOMEMAKING, ENVIRONMENTAL MODIFICATION, RESPITE CARE, HOME DELIVERED MEALS, TRANSPORTATION, COUNSELING, PERSONAL EMERGENCY RESPONSE SYSTEMS, DURABLE MEDICAL EQUIPMENT, SELF-DETERMINATION, AND OTHER SERVICES.

Program 2

Expenses: $434,114

TITLE III-B ADMINISTRATION, TITLE VIIA AND ELDER ABUSE PREVENTION: PROVIDES TRANSPORTATION, OUTREACH, PERSONAL CARE, CASE COORDINATION AND SUPPORT, CHORE, LEGAL ASSISTANCE, HOME REPAIR, ASSISTANCE TO THE DEAF, LONG-TERM CARE OMBUDSMAN, SENIOR CENTER STAFFING, PROGRAM DEVELOPMENT, DISEASE PREVENTION/HEALTH PROMOTION, HEALTH SCREENING, SENIOR CENTER OPERATIONS, INFORMATION AND ASSISTANCE, CARE TRANSITIONS, MEDICATION MANAGEMENT, ASSISTIVE DEVICES, AND ELDER ABUSE PREVENTION FOR SENIORS AGED 60 AND OLDER. TITLE IIIC-1 AND IIIC-2 NUTRITION PROGRAMS: CONGREGATE AND HOME DELIVERED MEALS, INCLUDING NSIP, TO SENIORS AGED 60 AND OLDER.

Program 3

Expenses: $25,815

SCSEP, STATE FUNDED PROGRAMS, VETERANS DIRECTED, MMAP - PROVIDES TRAINING RESOURCES, COVID19 VACCINATIONS, SOCIAL ISOLATION MITIGATION RESOURCES, SOCIAL ISOLATION OUTREACH OPPORTUNITIES, NURSING...

SCSEP, STATE FUNDED PROGRAMS, VETERANS DIRECTED, MMAP - PROVIDES TRAINING RESOURCES, COVID19 VACCINATIONS, SOCIAL ISOLATION MITIGATION RESOURCES, SOCIAL ISOLATION OUTREACH OPPORTUNITIES, NURSING FACILITY TRANSITIONS SERVICES, VA SUPPORTS COORDINATION AND RELATED SERVICES, AND MEDICARE/MEDICAID GUIDANCE AND INFORMATION.

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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 $10,842,840

Program Service Revenue $42,824,176

Investment Income $410,680

Other Revenue $1,588

TOTAL REVENUE $54,079,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,648,634

Fundraising Expenses $0

Program Expenses $50,035,631

Other Expenses $40,291,484

TOTAL EXPENSES $53,940,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,079,284	$47,405,658	+0.1%
Expenses	$53,940,118	$49,419,140	+0.1%
Net Income	$139,166	$-2,013,482	-1.1%

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

248

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

$421,622

Total Directors

$16,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN GLAZA	MEMBER	2.00	Director	$1,260	$0	$1,260
CORINNE COREY NETZLEY	MEMBER	2.00	Director	$1,140	$0	$1,140
CHRISTINE J LEE	MEMBER	2.00	Director	$1,260	$0	$1,260
BRENDA MOORE	MEMBER	2.00	Director	$1,500	$0	$1,500
GEOFF MALICOAT	MEMBER	2.00	Director	$720	$0	$720
JOSEPH SOWMICK	MEMBER	2.00	Director	$1,080	$0	$1,080
MIKE TOBIN	MEMBER	2.00	Director	$1,320	$0	$1,320
JOEL VERNIER	MEMBER	2.00	Director	$1,200	$0	$1,200
WILLIAM SANDERS	CHAIR	2.00	Officer Director	$1,200	$0	$1,200
DARRYL E THOMAS	VICE CHAIR	2.00	Officer Director	$1,260	$0	$1,260
WILLIAM WALTERS	SECRETARY	2.00	Officer Director	$2,580	$0	$2,580
PATRICK BESON	TREASURER	2.00	Officer Director	$1,680	$0	$1,680
BOB BROWN	EXECUTIVE DIRECTOR	37.50	Officer	$241,413	$23,387	$264,800
ELLIOTT VISURI	CFO	37.50	Officer	$109,088	$41,014	$150,102
NATHANIEL BERGMAN	PHARMACIST	37.50	Highest	$116,068	$40,078	$156,146
MONICA FREIER	CHIEF OPERATING OFFICER	37.50	Highest	$111,322	$41,236	$152,558
NORMAN ALLAN CHAPIN	MEDICAL DIRECTOR	37.50	Highest	$252,613	$9,493	$262,106
MICHELE VILAS	PACE DIRECTOR	37.50	Highest	$111,209	$32,336	$143,545

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	$54,079,284	$53,940,118	$25,414,319	$139,166
2023	$47,405,658	$49,419,140	$24,793,730	$-2,013,482
2022	$43,370,261	$43,476,680	$27,612,322	$-106,419
2021	$38,562,151	$38,340,656	$27,799,297	$221,495
2020	$38,534,605	$35,905,517	$26,302,491	$2,629,088
2019	$34,881,831	$32,353,743	$22,001,029	$2,528,088
2018	$35,386,525	$31,747,030	$19,489,783	$3,639,495