Iona Senior Services

EIN: 521039553 501(c)(3) Human Services

Washington, DC

Total Revenue
$10,449,214
Total Expenses
$9,941,738
Total Assets
$16,826,022
Net Assets
$13,625,609
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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
DC
Principal Officer
Joon Bang
Phone
2029661055
Tax Period
2024-10-01 to 2025-09-30

Iona Senior Services, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $10.4M in total revenue in fiscal year 2024. Expenses of $9.9M left a modest 5% surplus.

Mission

Iona supports people as they experience the challenges and opportunities of aging.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,185,221
Program Service Revenue $1,580,260
Investment Income $238,463
Other Revenue $445,270
TOTAL REVENUE $10,449,214

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,318,470
Fundraising Expenses $864,388
Program Expenses $7,513,178
Other Expenses $3,623,268
TOTAL EXPENSES $9,941,738

Year-over-Year Comparison

2024 2023 Change
Revenue $10,449,214 $9,683,043 +0.1%
Expenses $9,941,738 $9,339,591 +0.1%
Net Income $507,476 $343,452 +0.5%
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

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Governance

Voting Members
11
Independent Members
10
Employees
101
Volunteers
225

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
4
$265,848
Total Directors
11
$265,848
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patricia Patti A Earnest Board Pres., Exec. Com. & Chair 2.00
Officer Director
$0 $0 $0
Chip Hastie Board Vice President & Finance Comm 1.00
Officer Director
$0 $0 $0
Sam Kilpatrick Board Treas.,Finance Comm Chair, Executive Comm 3.00
Officer Director
$0 $0 $0
Mary Frances McGuiness Governance Committee & Fund Raising Committee 1.00
Director
$0 $0 $0
BB Otero Finance Committee 1.00
Director
$0 $0 $0
Ruthann Bates Finance and Admin Committe 1.00
Director
$0 $0 $0
Ralph Bazilio Member 1.50
Director
$0 $0 $0
Jeneen Ramos Governace & Finance Committe 2.00
Director
$0 $0 $0
Judith Kozlowski Member 1.00
Director
$0 $0 $0
David Andrews Member 1.00
Director
$0 $0 $0
Joon Y Bang CEO 40.00
Officer Director
$252,930 $12,918 $265,848
Nina Austin Director of Operation 40.00
Highest
$115,469 $10,603 $126,072
Stephanie Hubbard Director of Development 40.00
Highest
$148,806 $7,468 $156,274
Sarah Grogan Director of Adult Day Programs 40.00
Highest
$131,582 $6,284 $137,866
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 $10,449,214 $9,941,738 $16,826,022 $507,476
2024 No data No data No data No data
2023 $7,904,437 $8,780,084 $15,912,394 $-875,647
2022 $7,214,895 $8,626,599 $14,651,739 $-1,411,704
2021 $7,664,023 $7,194,993 $16,563,126 $469,030
2020 $8,355,343 $6,864,512 $15,991,581 $1,490,831
2019 $7,130,140 $6,470,796 $12,752,786 $659,344
2018 $6,775,323 $5,834,180 $11,728,406 $941,143
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