THE COUNCIL ON AGING OF MARTIN COU… - 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

1974

Legal Domicile

Principal Officer

KAREN RIPPER

Phone

7722237800

Tax Period

2024-07-01 to 2025-06-30

THE COUNCIL ON AGING OF MARTIN COUNTY INC, founded in 1974, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $8.0M left a modest 5% surplus.

Mission

THE COUNCIL ON AGING OF MARTIN COUNTY IS THE DESIGNATED LEAD AGENCY FOR SENIOR SUPPORT SERVICES IN MARTIN COUNTY, PSA 9, BY THE AREA AGENCY ON AGING AND FLORIDA DEPARTMENT OF ELDER AFFAIRS. FEDERAL AND STATE GRANTS ARE USED TO SUPPORT NEEDY SENIORS. SERVICES INCLUDE MEALS, ADULT DAY CARE, GERIATRIC SPECIALTY PRIMARY MEDICAL CARE, CASE MANAGEMENT AND CAREGIVER SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $1,339,560 Revenue: $16,573

GERIATRIC CASE MANAGEMENT: PROVIDES CARE, ASSISTANCE, AND COUNSELING TO SENIORS AND CAREGIVERS TO HELP PREVENT OR DELAY SKILLED NURSING PLACEMENT UTILIZING CARE MANAGERS, CARE PLANS AND FUNDING...

GERIATRIC CASE MANAGEMENT: PROVIDES CARE, ASSISTANCE, AND COUNSELING TO SENIORS AND CAREGIVERS TO HELP PREVENT OR DELAY SKILLED NURSING PLACEMENT UTILIZING CARE MANAGERS, CARE PLANS AND FUNDING. SERVICES INCLUDING IN HOME PERSONAL CARE, HOMEMAKING CARE, NUTRITIONAL COUNSELING AND LIGHT HOUSEKEEPING.

Program 2

Expenses: $1,690,540 Revenue: $485,032

NUTRITION/MEAL SERVICES: THE MEALS PROGRAM PROVIDES NUTRIOUS MEALS TO NEEDY SENIORS BASED ON DIETITIAN RECOMMENDATIONS. MEALS ARE DELIVERED TO HOMEBOUND SENIORS AND ALSO PROVIDED AT FOUR DINING...

NUTRITION/MEAL SERVICES: THE MEALS PROGRAM PROVIDES NUTRIOUS MEALS TO NEEDY SENIORS BASED ON DIETITIAN RECOMMENDATIONS. MEALS ARE DELIVERED TO HOMEBOUND SENIORS AND ALSO PROVIDED AT FOUR DINING CENTER LOCATIONS IN MARTIN COUNTY. THE DINING CENTERS ALSO PROVIDE SOCIALIZATION AND ACTIVITIES. CHARITABLE FUNDS ARE SOLICITED TO COVER GAPS IN GOVERNMENT FUNDING.

Program 3

Expenses: $1,474,162 Revenue: $1,181,307

ADULT DAY CARE HEALTH PROGRAM: PROVIDES DAILY SOCIAL ACTIVITIES, SPECIALIZED THERAPIES, MEMORY CARE, BRAIN FITNESS AND ENHANCED CARE FOR SENIORS, AS WELL AS, GIVING RESPITE TO CAREGIVERS. STRUCTURED...

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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 $3,911,800

Program Service Revenue $3,824,065

Investment Income $609,233

Other Revenue $57,448

TOTAL REVENUE $8,402,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,564,929

Fundraising Expenses $328,939

Program Expenses $6,910,647

Other Expenses $3,443,400

TOTAL EXPENSES $8,008,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,402,546	$7,689,875	+0.1%
Expenses	$8,008,329	$7,062,987	+0.1%
Net Income	$394,217	$626,888	-0.4%

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

335

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

$313,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK CLEAVER	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM G CLIFFORD	DIRECTOR	0.50	Director	$0	$0	$0
JILL BALL	DIRECTOR	0.50	Director	$0	$0	$0
NICKI SCHOONOVER	PAST CHAIR	0.50	Director	$0	$0	$0
JAMES SIMONEAU	DIRECTOR	0.50	Director	$0	$0	$0
HEIDI LAHTI	SECRETARY	1.50	Officer Director	$0	$0	$0
GARY MERRITT	DIRECTOR	0.50	Director	$0	$0	$0
DR NEIL BOLAND	CHAIR	1.50	Officer Director	$0	$0	$0
ALLEN HERSKOWITZ	DIRECTOR	0.50	Director	$0	$0	$0
GREG NUTTALL	VICE CHAIR	1.50	Officer Director	$0	$0	$0
ELIZABETH ABEYTA-PRICE	DIRECTOR	0.50	Director	$0	$0	$0
HILBERT BERT GISCOMBE	TREASURER	1.50	Officer Director	$0	$0	$0
STEVE MCGOVERN	DIRECTOR	0.50	Director	$0	$0	$0
KAREN RIPPER	PRESIDENT/CEO	40.00	Officer	$165,600	$14,637	$180,237
CARMEN WALLACE	CHIEF FINANCIAL OFFICER	40.00	Officer	$121,164	$12,462	$133,626
MICHELE JACOBS	CPO	40.00	Highest	$137,655	$13,084	$150,739
MILDRED SABO	MD	40.00	Highest	$158,543	$1,550	$160,093
KAITLYN DIAMOND	ARNP	40.00	Highest	$113,611	$54	$113,665
ROBERT KENNEY	MD	40.00	Highest	$226,318	$762	$227,080
JOHHANNA JOB	ARNP	40.00	Highest	$127,343	$60	$127,403

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	$8,402,546	$8,008,329	$14,674,416	$394,217
2024	$7,689,875	$7,062,987	$14,276,416	$626,888
2023	$6,137,761	$6,499,683	$13,576,519	$-361,922
2022	$6,566,033	$6,128,008	$13,620,253	$438,025
2021	$6,358,667	$5,482,369	$13,811,199	$876,298
2020	$5,863,143	$6,193,572	$13,409,971	$-330,429
2019	$6,587,787	$5,884,491	$13,067,646	$703,296
2018	$6,206,073	$5,675,925	$12,538,154	$530,148

THE COUNCIL ON AGING OF MARTIN COUNTY INC