AREA AGENCIES ON AGING ASSOCIATION OF MICHIGAN (EIN 382662698) - 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

1975

Legal Domicile

Principal Officer

DAVE LALUMIA

Phone

5178861029

Tax Period

2024-10-01 to 2025-09-30

AREA AGENCIES ON AGING ASSOCIATION OF MICHIGAN, founded in 1975, is a community nonprofit in the Social Science sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 4% surplus.

Mission

TO PROVIDE A COLLECTIVE VOICE AND TAKE ACTION TO PROMOTE HEALTHY AGING, DIGNITY, AND INDEPENDENCE FOR OLDER ADULTS, PERSONS WITH DISABILITIES, AND CAREGIVERS.

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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 $1,464,427

Program Service Revenue $322,938

Investment Income $21,013

Other Revenue $3,751

TOTAL REVENUE $1,812,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,456

Fundraising Expenses $0

Program Expenses $1,423,748

Other Expenses $1,357,681

TOTAL EXPENSES $1,731,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,812,129	$837,356	+1.2%
Expenses	$1,731,137	$837,122	+1.1%
Net Income	$80,992	$234	+345.1%

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

$130,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON MACIEJEWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
KENDRICK HEINLEIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DON SALDIA	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREA RADEL	TREASURER	1.00	Officer Director	$0	$0	$0
RON TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
PAM CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE VANLANDINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
KANDI LANNEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KARSON	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN MEAD	DIRECTOR	1.00	Director	$0	$0	$0
YAUSHICA AUBERT	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE SAUER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SUTTER	DIRECTOR	1.00	Director	$0	$0	$0
KARA LORENZ-GOINGS	DIRECTOR	1.00	Director	$0	$0	$0
STACEY WINES	DIRECTOR	1.00	Director	$0	$0	$0
DAYNA ALTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE LALUMIA	EXECUTIVE DIRECTOR	40.00	Officer	$108,708	$21,731	$130,439

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	$1,812,129	$1,731,137	$1,309,123	$80,992
2024	$837,356	$837,122	$506,084	$234
2023	$598,845	$603,186	$428,768	$-4,341
2022	$421,404	$413,484	$837,372	$7,920
2021	$408,711	$349,451	$475,961	$59,260
2020	$532,722	$575,546	$361,218	$-42,824
2019	$616,584	$642,771	$283,149	$-26,187
2018	$255,529	$282,681	$199,424	$-27,152

AREA AGENCIES ON AGING ASSOCIATION OF MICHIGAN