DETROIT AREA AGENCY ON AGING (EIN 382320421) - 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

1980

Legal Domicile

Principal Officer

RONALD TAYLOR

Phone

3134464444

Tax Period

2023-10-01 to 2024-09-30

DETROIT AREA AGENCY ON AGING, founded in 1980, is a major nonprofit in the Human Services sector that reported $105.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO EDUCATE, ADVOCATE, & PROMOTE HEALTHY AGING TO ENABLE CHOICES THAT WILL IMPROVE QUALITY OF LIFE.

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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 $10,875,950

Program Service Revenue $94,111,126

Investment Income $118,834

Other Revenue $-94,603

TOTAL REVENUE $105,011,307

Expense Breakdown

Grants Paid $1,673,724

Salaries & Benefits $12,899,663

Fundraising Expenses $0

Program Expenses $101,142,543

Other Expenses $87,944,052

TOTAL EXPENSES $102,517,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,011,307	$85,384,667	+0.2%
Expenses	$102,517,439	$85,784,146	+0.2%
Net Income	$2,493,868	$-399,479	-7.2%

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

188

Volunteers

2983

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

$552,889

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE W BRADLEY SR	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE BERSCHBACK	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANY GUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CERVENAK	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRA DEFOE	BOARD MEMBER	1.00	Director	$0	$0	$0
BEVERLYN HILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH POYNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINALD HARTSFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY O'LEARY	BOARD MEMBER	1.00	Director	$0	$0	$0
FAY KEYS DL MSW MLS	BOARD MEMBER	1.00	Director	$0	$0	$0
REVEREND OSCAR W KING III	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMARA NOLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVESTER HESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLENE TURNER-JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNIE MAE HOLT	BOARD MEMBER	1.00	Director	$0	$0	$0
W ANTHONY JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY MCRILL	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
NAVID SAYED	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
BRYAN ECTON	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
HENRY CONERWAY JR	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
STACIA LITTLE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK WOLLENWEBER	TREASURER	1.00	Officer Director	$0	$0	$0
ALICE G THOMPSON	CHAIR	1.00	Officer Director	$0	$0	$0
RONALD TAYLOR	PRESIDENT & CEO	37.50	Officer	$287,954	$62,374	$350,328
MONICA MEYERS	CFO	37.50	Officer	$171,754	$30,807	$202,561
JONITA EDWARDS	CAO	37.50	Highest	$146,164	$41,738	$187,902
WANDA BOWMAN	FINANCE DIRECTOR	37.50	Highest	$143,068	$41,320	$184,388
JOSEPHINE MESSELMANI	VICE PRESIDENT OF CLINICAL	37.50	Highest	$140,287	$23,263	$163,550
ANNE HOLMES DAVIS	DIRECTOR OF PLANNING	37.50	Highest	$134,537	$27,343	$161,880
ABIGAIL PERRY	VP OF COMPLIANCE	37.50	Highest	$120,092	$40,651	$160,743

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	$105,011,307	$102,517,439	$45,484,870	$2,493,868
2023	$85,384,667	$85,784,146	$41,055,249	$-399,479
2022	$75,347,637	$71,930,787	$32,235,181	$3,416,850
2021	$72,245,269	$67,386,493	$28,979,415	$4,858,776
2020	$67,833,215	$65,695,788	$26,051,438	$2,137,427
2019	$78,041,784	$73,990,707	$24,036,781	$4,051,077
2018	$76,259,034	$74,014,155	$22,938,742	$2,244,879

DETROIT AREA AGENCY ON AGING