KEEN AGER CORPORATION

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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

1976

Legal Domicile

Principal Officer

JOHN GRANATO

Phone

9062241311

Tax Period

2020-01-01 to 2020-12-31

KEEN AGER CORPORATION, founded in 1976, is a small nonprofit in the Housing & Shelter sector that reported $431K in total revenue in fiscal year 2020. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $398K left a modest 8% surplus.

Mission

KEEN AGER CORPORATION PROVIDES ROOM AND BOARD FOR ELDERLY AND FOSTER CARE TENANTS AT A MINIMUM COST

Program Service Accomplishments

Program 1

Expenses: $397,873 Revenue: $393,917

KEEN AGER CORPORATION OFFERS ASSISTED LIVING AND INDEPENDENT LIVING. WE ARE LOCATED IN THE HEART OF WAKEFIELD, MICHIGAN. ALL TENANTS HAVE A PRIVATE ROOM AND ALL MEALS AND LAUNDRY ARE PROVIDED. WE...

KEEN AGER CORPORATION OFFERS ASSISTED LIVING AND INDEPENDENT LIVING. WE ARE LOCATED IN THE HEART OF WAKEFIELD, MICHIGAN. ALL TENANTS HAVE A PRIVATE ROOM AND ALL MEALS AND LAUNDRY ARE PROVIDED. WE ALSO HAVE SPECIAL ACTIVITIES GOING ON PERIODICALLY THROUGHOUT THE YEAR.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,165

Program Service Revenue $393,917

Investment Income $0

Other Revenue $36,297

TOTAL REVENUE $431,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,677

Fundraising Expenses $0

Program Expenses $397,873

Other Expenses $197,196

TOTAL EXPENSES $397,873

Year-over-Year Comparison

	2020	2019	Change
Revenue	$431,379	$382,270	+0.1%
Expenses	$397,873	$374,220	+0.1%
Net Income	$33,506	$8,050	+3.2%

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

Volunteers

N/A

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

$11,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GRANATO	ADMINISTRATO	50.00	Director	$11,900	$0	$11,900
PETER ARMICHARDY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CARLSON	DIRECTOR	10.00	Director	$0	$0	$0
CHUCK GERVASIO	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARY JENDRUSINA	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE LORD	DIRECTOR	1.00	Director	$0	$0	$0
REV PAUL NOMELLINI	DIRECTOR	1.00	Director	$0	$0	$0
KYLE RAMBO	SECRETARY	2.00	Officer Director	$0	$0	$0
CONNIE WALLENIUS	DIRECTOR	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
2020	$431,379	$397,873	$149,802	$33,506
2019	$382,270	$374,220	$118,202	$8,050
2018	$371,634	$374,531	$107,003	$-2,897
2017	$358,983	$380,225	$109,900	$-21,242