NORWOOD SENIORS NETWORK ASSOCIATION (EIN 412193776) - 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

2005

Legal Domicile

Principal Officer

SILVIA MORICI

Phone

7736314856

Tax Period

2024-01-01 to 2024-12-31

NORWOOD SENIOR NETWORK ASSOCIATION, founded in 2006, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 10% surplus.

Mission

NORWOOD SENIORS NETWORK ENHANCES THE INDEPENDENCE AND WELL BEING OF AREA SENIORS BY PROVIDING SERVICES THAT ENABLE THEM TO CONTINUE TO LIVE INDEPENDENTLY IN THEIR OWN HOME.

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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 $0

Program Service Revenue $1,242,073

Investment Income $0

Other Revenue $100,379

TOTAL REVENUE $1,342,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,129,207

Fundraising Expenses $0

Program Expenses $1,257,713

Other Expenses $455,616

TOTAL EXPENSES $1,584,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,342,452	$1,221,414	+0.1%
Expenses	$1,584,823	$1,475,615	+0.1%
Net Income	$-242,371	$-254,201	0.0%

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

$611,536

Total Directors

Key Employees

$231,422

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY PORTENLANGER	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NAN BROUILETTE	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA LIND	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON GETZ	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA PETERSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KATE ROCHE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD STEFFENS	CFO	10.00	Officer	$0	$24,764	$274,826
SILVIA MORICI	CEO	10.00	Officer	$0	$21,809	$336,710
MARY JO BADE	CORP CLINICAL SERV DIR	1.00	Key Emp	$0	$11,351	$231,422
LAURA SHAW-DEBRUIN	EXECUTIVE DIRECTOR	50.00	Highest	$150,001	$10,967	$160,968

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	$1,342,452	$1,584,823	$480,436	$-242,371
2023	$1,221,414	$1,475,615	$203,919	$-254,201
2022	$1,436,251	$1,507,973	$618,285	$-71,722
2021	$2,119,786	$1,906,874	$865,693	$212,912
2020	$2,335,386	$2,098,883	$598,760	$236,503
2019	$1,982,594	$2,023,482	$344,873	$-40,888
2018	$1,997,706	$1,789,065	$303,645	$208,641

NORWOOD SENIORS NETWORK ASSOCIATION