INDIAN RIVER SENIOR CENTER INC (EIN 510117188) - 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

1971

Legal Domicile

Principal Officer

MICHAEL CONNELLY

Phone

3029348839

Tax Period

2024-07-01 to 2025-06-30

INDIAN RIVER SENIOR CENTER INC, founded in 1971, is a small nonprofit that reported $340K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE SOCIAL, EDUCATIONAL, RECREATIONAL, PHYSICAL AND EMOTIONAL SUPPORT AND ENTERTAINMENT TO SENIORS.

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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 $202,561

Program Service Revenue $85,441

Investment Income $7,178

Other Revenue $44,719

TOTAL REVENUE $339,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,241

Fundraising Expenses $8,551

Program Expenses $298,246

Other Expenses $237,935

TOTAL EXPENSES $354,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,899	$538,853	-0.4%
Expenses	$354,176	$348,363	+0.0%
Net Income	$-14,277	$190,490	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETE COLLINS	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MICHAEL CONNELLY	PRESIDENT	3.00	Officer Director	$0	$0	$0
CHARLES DRUMMOND	TREASURER	3.00	Officer Director	$0	$0	$0
PETE GILMORE	DIRECTOR	3.00	Director	$0	$0	$0
HARRY KING	DIRECTOR	3.00	Director	$0	$0	$0
MITCH ROGERS	DIRECTOR	3.00	Director	$0	$0	$0
MEREDITH SMITH	SECRETARY	3.00	Officer Director	$0	$0	$0
E BUFFY SPENCER	DIRECTOR	3.00	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
2025	$339,899	$354,176	$1,323,703	$-14,277
2024	$538,853	$348,363	$1,370,487	$190,490
2023	$289,488	$301,846	$1,189,557	$-12,358
2022	$288,963	$294,040	$1,224,230	$-5,077
2021	$311,776	$274,776	$1,248,837	$37,000
2020	$360,764	$321,438	$1,252,567	$39,326
2019	$356,505	$347,816	$1,210,444	$8,689

INDIAN RIVER SENIOR CENTER INC