SOUTHERN AREA AGENCY ON AGING

EIN: 541018745 501(c)(3) Human Services

MARTINSVILLE, VA

Total Revenue
$4,994,307
Total Expenses
$5,403,840
Total Assets
$937,468
Net Assets
$578,299
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
VA
Principal Officer
CHARLIE BOWMAN
Phone
2766326442
Tax Period
2024-10-01 to 2025-09-30

SOUTHERN AREA AGENCY ON AGING, founded in 1976, is a community nonprofit in the Human Services sector that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO PROVIDE SERVICES TO PERSONS OVER 55 IN PLANNING DISTRICT 12 OF VIRGINIA.

Program Service Accomplishments

Program 1
Expenses: $1,134,806 Revenue: $14,276

TRANSPORTATION - INDIVIDUAL AND GROUP TRANSPORTATION FOR PERSONS AGE 60 OR OLDER TO CONGREGATE MEAL SITES, SHOPPING, MEDICAL APPOINTMENTS, SUPPORTING SERVICES, AND SOCIAL AND RECREATIONAL ACTIVITIES.

Program 2
Expenses: $1,188,845 Revenue: $14,956

HOME DELIVERED MEALS - DELIVERING PREPARED MEALS TO HOMES OF PERSONS OVER 60 OR HANDICAPPED WHO ARE HOME-BOUND AND PROVIDING NUTRITION EDUCATION AND INFORMATION.

Program 3
Expenses: $540,384 Revenue: $6,798

CONGREGATE MEALS - SERVING MEALS AT DESIGNATED SITES PROVIDING NUTRITION, EDUCATION, RECREATION, SOCIALIZATION, AND OTHER SUPPORT SERVICES.

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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 $4,886,344
Program Service Revenue $67,983
Investment Income $1,406
Other Revenue $38,574
TOTAL REVENUE $4,994,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,444,957
Fundraising Expenses $0
Program Expenses $5,403,840
Other Expenses $3,958,883
TOTAL EXPENSES $5,403,840

Year-over-Year Comparison

2024 2023 Change
Revenue $4,994,307 $5,972,491 -0.2%
Expenses $5,403,840 $5,950,449 -0.1%
Net Income $-409,533 $22,042 -19.6%
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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Governance

Voting Members
10
Independent Members
10
Employees
40
Volunteers
23

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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA ALFORD SECRETARY N/A
Director
$0 $0 $0
ANDRE BETHEA DIRECTOR N/A
Director
$0 $0 $0
CHARLIE BOWMAN CHAIRMAN N/A
Officer Director
$0 $0 $0
RICHARD COX VICE CHAIRMA N/A
Officer Director
$0 $0 $0
MANDY CROWDER DIRECTOR N/A
Director
$0 $0 $0
CRYSTAL DALLAS DIRECTOR N/A
Director
$0 $0 $0
LINDA HANDY DIRECTOR N/A
Director
$0 $0 $0
BRENDA METZ DIRECTOR N/A
Director
$0 $0 $0
KATHY REMSEY DIRECTOR N/A
Director
$0 $0 $0
DONNA MARIE STONE TREASURER N/A
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
2025 $4,994,307 $5,403,840 $937,468 $-409,533
2024 $5,972,491 $5,950,449 $1,214,739 $22,042
2023 $5,196,998 $5,440,294 $840,543 $-243,296
2022 $5,349,811 $5,520,533 $933,315 $-170,722
2021 $5,180,983 $5,194,358 $746,312 $-13,375
2020 $4,241,902 $4,344,317 $940,109 $-102,415
2019 $4,435,934 $4,512,297 $417,528 $-76,363
2018 $4,179,874 $4,236,279 $491,254 $-56,405
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