SENIOR CITIZENS INC (EIN 460309837) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

MICHAEL GARFIELD

Phone

6057218710

Tax Period

2023-01-01 to 2023-12-31

SENIOR CITIZENS INC, founded in 1967, is a small nonprofit in the Human Services sector that reported $331K in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $293K left a modest 12% surplus.

Mission

TO ENCOURAGE, PROMOTE AND ASSIST ELDERLY CITIZENS IN THE PURSUIT OF MEANINGFUL ACTIVITY WITHIN THE WIDEST RANGE OF CIVIC, CULTURAL, SOCIAL, AND RECREATIONAL OPPORTUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $109,792

Program Service Revenue $173,417

Investment Income $6,096

Other Revenue $177,679

TOTAL REVENUE $466,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,699

Fundraising Expenses $9,020

Program Expenses $344,317

Other Expenses $413,581

TOTAL EXPENSES $504,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,984	$336,071	+0.4%
Expenses	$504,280	$332,511	+0.5%
Net Income	$-37,296	$3,560	-11.5%

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

219

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

$47,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GARFIELD	CENTER EXEC	40.00	Officer	$47,354	$0	$47,354
MICHAEL BRUBAKER	PRESIDENT	10.00	Officer Director	$0	$0	$0
MARGIE THOOFT	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
SANDI HOLST	TREASURER	5.00	Officer Director	$0	$0	$0
LINDA IVERSON	SECRETARY	5.00	Officer Director	$0	$0	$0
BONNIE JENNIGES	MEMBERSHIP S	3.00	Officer Director	$0	$0	$0
KAREN MCGREGOR	PAST PRESIDE	4.00	Officer Director	$0	$0	$0
JUDY WANGEN	BOARD MEMBER	2.00	Director	$0	$0	$0
REX BRIGGS	BOARD MEMBER	2.00	Director	$0	$0	$0
VALERIE BEGEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CARMAN TIMMERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANK DRISCOLL	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM SCULL	BOARD MEMBER	2.00	Director	$0	$0	$0
KRIS SIMONDS	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$466,984	$504,280	$5,414,804	$-37,296
2022	$336,071	$332,511	$5,319,496	$3,560
2021	$441,502	$425,221	$5,367,398	$16,281
2020	$249,647	$266,972	$5,334,998	$-17,325
2019	$367,856	$344,914	$5,333,394	$22,942
2018	$331,227	$293,014	$5,228,392	$38,213

SENIOR CITIZENS INC