MIDLAND COUNTY COUNCIL 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

1963

Legal Domicile

Principal Officer

CHARLES SCHWEDLER

Phone

9896333700

Tax Period

2023-10-01 to 2024-09-30

MIDLAND COUNTY COUNCIL ON AGING, founded in 1963, is a community nonprofit in the Human Services sector that reported $6.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $22.7M represent 42 months of operating reserves.

Mission

OUR MISSION IS TO PROMOTE AND ENRICH QUALITY OF LIFE FOR OLDER ADULTS AND THOSE WHO CARE FOR THEM BY COLLABORATIVELY PROVIDING MEANINGFUL SERVICES AND OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,863,257 Revenue: $85,686

ACCESS SERVICES - INCLUDES CARE COORDINATION AND COUNSELING, TRANSPORTATION PROGRAM, VOLUNTEER PROGRAM, AGENCY NEWSPAPER, AND CENTERS FOR ACTIVITIES AND HOT LUNCHES. THESE PROGRAMS HELP COMMUNICATE SERVICES AND ACTIVITIES TO THE COMMUNITY, PROVIDE INITIAL CONTACT AND ON-GOING SUPPORT FOR SENIOR CITIZENS AND CAREGIVERS, TRANSPORTATION FOR THOSE UNABLE TO DRIVE, AND PLACES FOR SOCIALIZATION AND NUTRITIONAL MEALS.

Program 2

Expenses: $2,003,477 Revenue: $306,980

NUTRITION - PROVIDED 228,155 HOT, HEALTHY, WELL-BALANCED MEALS TO SENIOR CITIZENS AT VARIOUS COUNCIL CENTERS OR TO THEIR HOME (FOR THOSE WHO ARE HOMEBOUND) DELIVERED BY A FRIENDLY VOLUNTEER.

Program 3

Expenses: $880,913 Revenue: $390,526

ADULT DAY SERVICES - SEASONS ADULT DAY SERVICES PROVIDES A WARM AND SECURE ENVIRONMENT FOR SENIOR CITIZENS WITH DEMENTIA AND OTHER RELATED DISEASES SUCH AS ALZHEIMER'S. PROVIDED 31,178 HOURS OF...

ADULT DAY SERVICES - SEASONS ADULT DAY SERVICES PROVIDES A WARM AND SECURE ENVIRONMENT FOR SENIOR CITIZENS WITH DEMENTIA AND OTHER RELATED DISEASES SUCH AS ALZHEIMER'S. PROVIDED 31,178 HOURS OF SERVICE FOR MUCH NEEDED RESPITE FOR CAREGIVERS AND APPROPRIATE CARE AND STIMULATION FOR THE SENIOR CITIZENS ATTENDING.

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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 $5,259,490

Program Service Revenue $879,084

Investment Income $335,105

Other Revenue $0

TOTAL REVENUE $6,473,679

Expense Breakdown

Grants Paid $20,431

Salaries & Benefits $3,964,431

Fundraising Expenses $0

Program Expenses $5,396,816

Other Expenses $2,586,467

TOTAL EXPENSES $6,571,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,473,679	$5,908,769	+0.1%
Expenses	$6,571,329	$5,824,902	+0.1%
Net Income	$-97,650	$83,867	-2.2%

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

140

Volunteers

408

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

$225,183

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARISA HERNANDEZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
MATTHEW BEYER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KATIE DORION	TREASURER	2.00	Officer Director	$0	$0	$0
SUE LABONVILLE	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL CRIVAC	DIRECTOR	0.50	Director	$0	$0	$0
JD WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
SHEA DAVIDSON	DIRECTOR	0.50	Director	$0	$0	$0
MALCOLM WARREN II	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
JEN LEE	DIRECTOR	0.50	Director	$0	$0	$0
BRENT MIKKOLA	DIRECTOR	0.50	Director	$0	$0	$0
PAIGE PALUMBO	DIRECTOR	0.50	Director	$0	$0	$0
ABBY RAINEY	DIRECTOR	0.50	Director	$0	$0	$0
RACHELLE SCHUMAN	DIRECTOR	0.50	Director	$0	$0	$0
KAYLEY GARDERT	DIRECTOR THRU 6/17/24	0.50	Director	$0	$0	$0
CHARLES SCHWEDLER	EXECUTIVE DIRECTOR	40.00	Officer	$123,923	$8,669	$132,592
STEVEN KOEHLER	DIRECTOR OF FINANCE	40.00	Officer	$91,989	$602	$92,591

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	$6,473,679	$6,571,329	$23,051,028	$-97,650
2023	$5,908,769	$5,824,902	$20,176,196	$83,867
2022	$7,501,838	$5,554,789	$19,246,503	$1,947,049
2021	$5,177,230	$5,359,981	$19,399,883	$-182,751
2020	$5,957,044	$5,095,594	$18,368,165	$861,450
2019	$5,414,354	$5,000,729	$17,368,971	$413,625
2018	$6,651,598	$5,094,048	$16,576,469	$1,557,550