GREATER ISHPEMING COMMISSION ON AGING (EIN 382429118) - 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

1986

Legal Domicile

Principal Officer

Geraldine D Hoffman

Phone

9064855527

Tax Period

2024-01-01 to 2024-12-31

GREATER ISHPEMING COMMISSION ON AGING, founded in 1986, is a small nonprofit in the Human Services sector that reported $524K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $81K, a strong 16% operating margin.

Mission

To Promote the independence, safety, dignity, and well-being of Senior Citizens who reside in the city of Ishpeming and the surrounding Townships.

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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 $508,412

Program Service Revenue $0

Investment Income $7,524

Other Revenue $7,801

TOTAL REVENUE $523,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $334,884

Fundraising Expenses $0

Program Expenses $432,184

Other Expenses $107,486

TOTAL EXPENSES $442,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,737	$467,350	+0.1%
Expenses	$442,370	$405,405	+0.1%
Net Income	$81,367	$61,945	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Geraldine D Hoffman	President	Officer Director	$0	$0	$0
Joseph Pelkola	Vice President	Officer Director	$0	$0	$0
Thomas Ryan	Treasurer	Officer Director	$0	$0	$0
Carol Gaboury	Secretary	Officer Director	$0	$0	$0
Thomas Lucas	Board Member	Director	$0	$0	$0
Steven Roberts	Board Member	Director	$0	$0	$0
Victor DePaoli	Board Member	Director	$0	$0	$0
Cathy Miron	Board Member	Director	$0	$0	$0
Clarice Champion	Board Member	Officer	$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	$523,737	$442,370	$836,428	$81,367
2023	$467,350	$405,405	$741,635	$61,945
2022	$390,347	$387,297	$630,360	$3,050
2021	$450,847	$339,879	$627,873	$110,968
2020	$373,892	$260,619	$563,703	$113,273
2019	$312,683	$312,304	$450,018	$379
2018	$322,614	$280,714	$448,346	$41,900

GREATER ISHPEMING COMMISSION ON AGING