THE WADSWORTH OLDER ADULTS FOUNDATION (EIN 510173813) - 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

1975

Legal Domicile

Principal Officer

TERI NICHOLAS

Phone

3303351513

Tax Period

2023-01-01 to 2023-12-31

THE WADSWORTH OLDER ADULTS FOUNDATION, founded in 1975, is a micro nonprofit that reported $34K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE MISSION OF THE WADSWORTH OLDER ADULTS FOUNDATION IS TO BE PROACTIVE IN PROVIDING SUPPLEMENTAL SUPPORT TO THE PROGRAMS AND SERVICES AFFILIATED WITH SOPREMA SENIOR CENTER

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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 $15,233

Program Service Revenue $10,741

Investment Income $216

Other Revenue $7,756

TOTAL REVENUE $33,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,816

Other Expenses $43,744

TOTAL EXPENSES $43,744

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,946	$63,612	-0.5%
Expenses	$43,744	$26,518	+0.6%
Net Income	$-9,798	$37,094	-1.3%

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
RICH BERLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERI NICHOLAS	TREASURER	5.00	Officer Director	$0	$0	$0
STACEY RIES	SECRETARY	2.00	Officer Director	$0	$0	$0
AGGIE SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
JIM DULL	TRUSTEE	1.00	Director	$0	$0	$0
ANITA MONROE	TRUSTEE	1.00	Director	$0	$0	$0
NANCY LIKENS	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE CANNONE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNY YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
JOE STEINER	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE DEWITT	TRUSTEE	1.00	Director	$0	$0	$0
PATTY MOUTES	TRUSTEE	1.00	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	$33,946	$43,744	$162,713	$-9,798
2022	$63,612	$26,518	$172,573	$37,094
2021	$20,546	$17,664	$135,402	$2,882
2020	$4,742	$12,980	$132,520	$-8,238
2018	$28,933	$20,495	$127,367	$8,438

THE WADSWORTH OLDER ADULTS FOUNDATION