Loose Senior Citizens Center Inc (EIN 383266054) - 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

Phone

8107359406

Tax Period

2024-01-01 to 2024-12-31

Loose Senior Citizens Center Inc, founded in 1975, is a small nonprofit in the Human Services sector that reported $443K in total revenue in fiscal year 2024. Net assets of $1.2M represent 33 months of operating reserves.

Mission

To promote the physical and mental well-being of older people through recreation and education activites along with participation in the community.

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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 $263,305

Program Service Revenue $163,190

Investment Income $5,568

Other Revenue $11,011

TOTAL REVENUE $443,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,927

Fundraising Expenses $15,026

Program Expenses $399,516

Other Expenses $353,943

TOTAL EXPENSES $466,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,074	$431,733	+0.0%
Expenses	$466,870	$432,580	+0.1%
Net Income	$-23,796	$-847	+27.1%

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

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
Brad Dick	Director	Director	$0	$0	$0
Brenda Simons	Director	Director	$0	$0	$0
Jerry Link	Director	Director	$0	$0	$0
Elizabeth Armstrong	President	Officer	$0	$0	$0
Pamela Howd	Director	Officer	$0	$0	$0
Denise Miller	Director	Officer	$0	$0	$0
Thomas Hicks	Director	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
2024	$443,074	$466,870	$1,276,614	$-23,796
2023	$431,733	$432,580	$1,303,343	$-847
2022	$400,115	$371,803	$1,279,148	$28,312
2021	$394,369	$335,005	$1,170,124	$59,364
2021	$394,369	$335,005	$1,170,124	$59,364
2020	$368,734	$360,095	$1,106,247	$8,639
2020	$368,734	$360,095	$1,106,247	$8,639
2019	$389,635	$537,750	$1,108,797	$-148,115
2018	$485,627	$452,432	$1,263,032	$33,195

Loose Senior Citizens Center Inc