SENIOR ALLIANCE FOR EMPOWERMENT DB… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

Kathryn Goodspeed

Phone

8054940087

Tax Period

2023-04-01 to 2024-03-31

SENIOR ALLIANCE FOR EMPOWERMENT DBA SAFE, founded in 2012, is a small nonprofit in the Human Services sector that reported $186K in total revenue in fiscal year 2023. Revenue surged 290% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 30% operating margin.

Mission

ADVOCATE FOR VERY LOW AND EXTREMELY LOW INCOME SENIORS AND VETERANS. PROVIDING MOBILE HOME REHABILITATION THROUGH GRANTS, ENABLING THE ELDERLY AND AGED SENIORS TO REMAIN IN THEIR HOMES. PROVIDING HEALTH AND SAFETY NEEDS. PROVIDING INFORMATION AND OTHER ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $124,097

In 2023, Senior Alliance for Empowerment ("SAFE") received a federal HUD/CDBG award of $175,000 through the City of Thousand Oaks, CA. SAFE is a contracted sub-recipient. SAFE provides assistance to seniors in mobile home parks that are 62 years of age or older with very or extremely low income. During 2023, SAFE provided the following:1. Two central heating and A/C systems.2. Two downflow furnaces.3. One whole home A/C condenser.SAFE also receives smaller donations and uses those to complete less expensive projects needed by its target demographic of very low and extremely low income seniors and veterans.

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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 $186,360

Program Service Revenue $0

Investment Income $32

Other Revenue $0

TOTAL REVENUE $186,392

Expense Breakdown

Grants Paid $122,328

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,097

Other Expenses $7,798

TOTAL EXPENSES $130,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,392	$47,853	+2.9%
Expenses	$130,126	$85,153	+0.5%
Net Income	$56,266	$-37,300	-2.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathryn Goodspeed	President	15.00	Officer Director	$0	$0	$0
Gayle Heninger	Vice President	1.00	Officer Director	$0	$0	$0
James Wolf	Treasurer	6.00	Officer Director	$0	$0	$0
Barbara Brown	Secretary	2.00	Officer Director	$0	$0	$0
William Ochs	Director	1.00	Director	$0	$0	$0
Gina Heninger	Director, IT	1.00	Director	$0	$0	$0
Victor Abrunzo	Director	1.00	Director	$0	$0	$0
Richard Sauer	Director	6.00	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	$186,392	$130,126	$120,126	$56,266
2024	$154,997	$120,846	$127,661	$34,151
2023	$47,853	$85,153	$26,697	$-37,300
2022	$113,827	$74,872	$73,501	$38,955
2021	$237,609	$223,020	$24,006	$14,589

SENIOR ALLIANCE FOR EMPOWERMENT DBA SAFE