AGING RESOURCES OF CENTRAL IOWA (EIN 421183810) - 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

1982

Legal Domicile

Principal Officer

JOEL L OLAH

Phone

5156339510

Tax Period

2022-07-01 to 2023-06-30

AGING RESOURCES OF CENTRAL IOWA, founded in 1982, is a community nonprofit in the Human Services sector that reported $6.1M in total revenue in fiscal year 2022.

Mission

AGING RESOURCES IS PART OF A NATIONAL NETWORK OF AREA AGENCIES ON AGING ESTABLISHED THROUGH THE OLDER AMERICANS ACT AND SUPPORTED BY FEDERAL, STATE, AND LOCAL FUNDS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,983,455

Program Service Revenue $120,895

Investment Income $15,572

Other Revenue $614

TOTAL REVENUE $6,120,536

Expense Breakdown

Grants Paid $3,653,039

Salaries & Benefits $1,928,969

Fundraising Expenses $0

Program Expenses $5,806,020

Other Expenses $533,323

TOTAL EXPENSES $6,115,331

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,120,536	$5,844,450	+0.0%
Expenses	$6,115,331	$5,843,039	+0.0%
Net Income	$5,205	$1,411	+2.7%

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

$269,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE VAN OORT	CHAIR	2.00	Officer Director	$0	$0	$0
LINDA WESTERGAARD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DON CORRIGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK SNELL	DIRECTOR	2.00	Director	$0	$0	$0
RON JOME	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA MYERS	DIRECTOR	2.00	Director	$0	$0	$0
KIM CHAPMAN	DIRECTOR	2.00	Director	$0	$0	$0
NANCY NICHOLS	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL CECIL	DIRECTOR	2.00	Director	$0	$0	$0
PHIL CLIFTON	DIRECTOR	2.00	Director	$0	$0	$0
KYLON SCHMITT	DIRECTOR	2.00	Director	$0	$0	$0
LISA HEDDENS	DIRECTOR	2.00	Director	$0	$0	$0
RON SMITH	DIRECTOR	2.00	Director	$0	$0	$0
C JEAN LAVERTY	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MAHAFFEY	DIRECTOR	2.00	Director	$0	$0	$0
MARK RAYMIE	DIRECTOR	2.00	Director	$0	$0	$0
JOEL OLAH	EXECUTIVE DIRECTOR	40.00	Officer	$108,672	$20,117	$128,789
LESTER BASCOM	FISCAL DIRECTOR	40.00	Officer	$101,029	$39,632	$140,661

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,120,536	$6,115,331	$2,073,020	$5,205
2022	$5,844,450	$5,843,039	$1,430,040	$1,411
2021	$5,359,650	$5,373,772	$1,507,891	$-14,122

AGING RESOURCES OF CENTRAL IOWA