ELDER NETWORK (EIN 411704390) - 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

1988

Legal Domicile

Principal Officer

KATHY SCHEID

Phone

5072855272

Tax Period

2024-01-01 to 2024-12-31

ELDER NETWORK, founded in 1988, is a small nonprofit in the Health Care sector that reported $958K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $820K left a modest 14% surplus.

Mission

THOSE 55 AND BETTER AND THEIR CAREGIVERS HAVE THE OPPORTUNITY TO THRIVE AND LEAD REWARDING LIVES.

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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 $613,869

Program Service Revenue $343,408

Investment Income $5,077

Other Revenue $-4,337

TOTAL REVENUE $958,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $621,251

Fundraising Expenses $36,644

Program Expenses $626,174

Other Expenses $199,011

TOTAL EXPENSES $820,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$958,017	$797,579	+0.2%
Expenses	$820,262	$698,500	+0.2%
Net Income	$137,755	$99,079	+0.4%

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

200

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

$68,271

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY SCHEID	EXECUTIVE DI	40.00	Officer	$68,271	$0	$68,271
MICHAEL ROGERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIFFANY OLSON	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
TYLER BROBERG	TREASURER	1.00	Officer Director	$0	$0	$0
THERESE WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
RIBU GOYAL	DIRECTOR	0.50	Director	$0	$0	$0
KELLY SHIRLEY	DIRECTOR	0.50	Director	$0	$0	$0
HEIDI WIGHTMAN	DIRECTOR	0.50	Director	$0	$0	$0
ADEDAYO DOSUMU	DIRECTOR	0.50	Director	$0	$0	$0
TAMMY HARNACK	DIRECTOR	0.50	Director	$0	$0	$0
JOHN ANDERSON	DIRECTOR	0.00	Director	$0	$0	$0
LAURIE MANGEN	DIRECTOR	1.00	Director	$0	$0	$0
CLARA STITT	DIRECTOR	0.50	Director	$0	$0	$0
MARY DOUCETTE	HONARARY MEM	0.00	Director	$0	$0	$0
TRICIA SCHILLING	HONORARY MEM	0.00	Director	$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	$958,017	$820,262	$650,999	$137,755
2023	$797,579	$698,500	$349,670	$99,079
2022	$713,481	$640,498	$223,744	$72,983
2021	$547,772	$573,092	$136,299	$-25,320
2020	$595,996	$511,743	$152,585	$84,253
2019	$546,906	$540,152	$69,988	$6,754

ELDER NETWORK