SENIOR NETWORK INC (EIN 521645647) - 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

1989

Legal Domicile

Principal Officer

CRAIG D LAKIN

Phone

3016384100

Tax Period

2024-01-01 to 2024-12-31

SENIOR NETWORK INC, founded in 1989, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO FACILITATE A HIGH QUALITY OF LIFE FOR THE AT RISK ELDERLY AND THEIR FAMILIES THROUGH THE PROVISION OF DAYTIME AND/OR RESIDENTIAL CARE.

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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 $49,738

Program Service Revenue $1,398,432

Investment Income $9,012

Other Revenue $34,852

TOTAL REVENUE $1,492,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,179,437

Fundraising Expenses $0

Program Expenses $1,414,727

Other Expenses $547,547

TOTAL EXPENSES $1,726,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,492,034	$1,638,697	-0.1%
Expenses	$1,726,984	$1,761,832	0.0%
Net Income	$-234,950	$-123,135	+0.9%

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

$154,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN HOLOHAN	CHAIR	1.00	Director	$0	$0	$0
KURT MARTIN	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
JOHN MCCONNELL	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG D LAKIN	EXECUTIVE DIRECTOR	60.00	Officer	$154,700	$0	$154,700

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	$1,492,034	$1,726,984	$1,462,279	$-234,950
2023	$1,638,697	$1,761,832	$1,761,441	$-123,135
2022	$1,765,394	$1,502,795	$1,848,710	$262,599
2021	$1,386,558	$1,285,442	$1,897,076	$101,116
2020	$1,193,703	$1,123,881	$1,868,792	$69,822
2019	$1,700,754	$1,578,933	$1,568,462	$121,821
2018	$1,471,828	$1,606,259	$1,509,610	$-134,431

SENIOR NETWORK INC