VANTAGE AGING

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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

1975

Legal Domicile

Principal Officer

KIM VENTRESCA

Phone

3302534597

Tax Period

2023-10-01 to 2024-09-30

VANTAGE AGING, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $13.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO PROMOTE A POSITIVE PERSPECTIVE ON AGING. OUR VISION IS THAT EVERY OLDER ADULT HAS THE OPPORTUNITY TO LIVE A HEALTHY LIFE AND AGE WITH INDEPENDENCE, PURPOSE AND DIGNITY. WE PROVIDE CAREER PATHWAY WORKFORCE TRAINING THROUGH OUR SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM, NUTRITIOUS MEAL DELIVERY THROUGH OUR MEALS ON WHEELS OF NORTHEAST OHIO PROGRAM, TARGETED VOLUNTEERISM THROUGH OUR AMERICORPS SENIORS RSVP PROGRAM, AND IN-HOME SUPPORTS THROUGH OUR HOME WELLNESS PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $8,955,348

WORKFORCE SOLUTIONS: THE SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) IS A JOB-TRAINING PROGRAM FOR OLDER ADULTS LOCATED IN 38 OHIO COUNTIES AND 37 INDIANA COUNTIES. FUNDED UNDER GRANTS FROM THE U.S. DEPARTMENT OF LABOR (DOL), OHIO DEPARTMENT OF AGING (ODA), AND INDIANA DEPARTMENT OF WORKFORCE DEVELOPMENT, THE PROGRAM PROVIDES PAID, PART-TIME JOB TRAINING IN COMMUNITY SERVICE ASSIGNMENTS. PROGRAM PARTICIPANTS ARE LOW-INCOME ADULTS AGE 55 AND OLDER PLACED WITH NONPROFIT AND GOVERNMENT AGENCIES (TRAINING SITES) FOR TRAINING. SCSEP PROVIDES A DUAL BENEFIT TO THE COMMUNITIES IT SERVES, IMPROVING JOB READINESS OF OLDER WORKERS WHILE EXPANDING THE SERVICES PROVIDED BY LOCAL TRAINING SITES.

Program 2

Expenses: $2,827,685 Revenue: $1,466,074

MEALS ON WHEELS OF NORTHEAST OHIO: MEALS ON WHEELS OF NORTHEAST OHIO: SUPPORTING THE NUTRITIONAL NEEDS OF OLDER ADULTS IN PORTAGE, SUMMIT, STARK AND WAYNE COUNTIES, THE MEALS ON WHEELS OF NORTHEAST OHIO PROVIDES HOMEBOUND AND DISABLED CLIENTS THE OPPORTUNITY FOR DELICIOUS AND NUTRICIOUS MEALS TO BE DELIVERD TO THEIR HOME TO SUPPORT THEIR HEALTH AND WELL-BEING. AS PART OF THE ORGANIZATION'S CONTINUUM OF CARE, EACH VISIT INCLUDES A WELLNESS CHECK, WHERE TRAINED DRIVERS CAN ASSESS POTENTIAL HEALTH ISSUES, SUCH AS FALL-RISK ASSESSMENTS. CONGREGATE DINING OPTIONS ARE PROVIDED AT SEVERAL LOCATIONS TO PROVIDE HEALTHY MEAL ALTERNATIVES AND SOCIALIZATION OPPORTUNITIES TO PROVENT SOCIAL ISOLATION.

Program 3

Expenses: $337,717

AMERICORPS SENIORS RETIRED AND SERNIOR VOLUNTEER PROGRAM (RSVP): AMERICORPS SENIORS RSVP: AS ONE OF THE LARGEST VOLUNTEER NETWORKS IN THE NATION, RSVP IS A PROGRAM OF THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE AND PROVIDES VOLUNTEERS AGE 55 AND OLDER WITH SERVICE OPPORTUNITIES. RSVP VOLUNTEERS ADDRESS CRITICAL COMMUNITY NEEDS AND TAKE ON NEW NATIONAL INITIATIVES TO MEET THOSE NEEDS.WITH A STRONG CORP OF EXPERIENCED VOLUNTEERS, RSVP HELPS TO BUILD CAPACITY AND OUTREACH EFFORTS FOROVER 70 ORGANIZATIONS INCLUDING FOOD PANTRIES, HEALTH AND WELLNESS PROGRAMS, AND SOCIAL SERVICE AGENCIES. VANTAGE AGING PROVIDES RSVP PROGRAMMING IN SUMMIT, MEDINA, GEAUGA, WAYNE, DELAWARE, FRANKLIN AND HAMILTON COUNTIES.

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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 $11,623,931

Program Service Revenue $1,676,309

Investment Income $106,058

Other Revenue $-1,872

TOTAL REVENUE $13,404,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,250,889

Fundraising Expenses $95,349

Program Expenses $12,555,163

Other Expenses $2,680,913

TOTAL EXPENSES $13,931,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,404,426	$11,350,794	+0.2%
Expenses	$13,931,802	$11,998,959	+0.2%
Net Income	$-527,376	$-648,165	-0.2%

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

944

Volunteers

238

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

$216,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HAWKINS	CHAIR	2.00	Officer Director	$0	$0	$0
RON VAN HORN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NATHAN RITTER	TREASURER	2.00	Officer Director	$0	$0	$0
TIM GALLAGHER	SECRETARY	2.00	Officer Director	$0	$0	$0
CYNTHIA P BAYER	MEMBER	1.00	Director	$0	$0	$0
KIMBERLY RAY	MEMBER	1.00	Director	$0	$0	$0
ALEX J MCCALLION	MEMBER	1.00	Director	$0	$0	$0
GARY DAVIS	MEMBER	1.00	Director	$0	$0	$0
LEANN SHAEFFER	MEMBER	2.00	Director	$0	$0	$0
DAVID IONNO	MEMBER	1.00	Director	$0	$0	$0
HARVEY STERNS	MEMBER	1.00	Director	$0	$0	$0
CHRIS PARRISH	MEMBER	1.00	Director	$0	$0	$0
BRUCE INZETTA	MEMBER	1.00	Director	$0	$0	$0
ROBERT MADDEN	MEMBER	1.00	Director	$0	$0	$0
JOAN DAVIDSON	MEMBER	1.00	Director	$0	$0	$0
KRISTA DOBRONOS	MEMBER	1.00	Director	$0	$0	$0
ELIZABETH ENGLAND	MEMBER	1.00	Director	$0	$0	$0
JOHN MARION	MEMBER	1.00	Director	$0	$0	$0
SUSAN BOGGS	MEMBER	1.00	Director	$0	$0	$0
TAMARA LUKES	CFO	37.50	Officer	$92,567	$19,252	$111,819
KIM VENTRESCA	CEO	37.50	Officer	$100,429	$4,383	$104,812

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	$13,404,426	$13,931,802	$5,297,081	$-527,376
2023	$11,350,794	$11,998,959	$5,471,687	$-648,165
2022	$11,100,262	$11,184,032	$5,341,146	$-83,770
2021	$13,013,343	$12,123,699	$7,256,448	$889,644
2020	$12,671,533	$12,571,471	$6,531,720	$100,062
2019	$12,685,476	$13,234,490	$6,297,627	$-549,014
2018	$12,001,666	$12,294,275	$3,371,931	$-292,609