RAPPAHANNOCK AREA AGENCY ON AGING INC (EIN 541027651) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Principal Officer

PATRICIA HOLLAND

Phone

5403713375

Tax Period

2023-10-01 to 2024-09-30

RAPPAHANNOCK AREA AGENCY ON AGING INC, founded in 1976, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2017.

Mission

OUR MISSION IS TO ENHANCE THE QUALITY OF LIFE FOR ALL OLDER CITIZENS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,838,916

Program Service Revenue $9,509

Investment Income $0

Other Revenue $70,924

TOTAL REVENUE $2,919,349

Expense Breakdown

Grants Paid $215,555

Salaries & Benefits $1,312,798

Fundraising Expenses $4,104

Program Expenses $2,258,180

Other Expenses $798,931

TOTAL EXPENSES $2,327,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,919,349	$2,247,392	+0.3%
Expenses	$2,327,284	$2,186,631	+0.1%
Net Income	$592,065	$60,761	+8.7%

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

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

$118,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY BINDER	CHAIRMAN	0.50	Officer Director	$0	$0	$0
REGGIE UNDERWOOD	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
LINDA MUSSELMAN	TREASURER/ S	0.50	Officer Director	$0	$0	$0
MARY KATHERINE GREENLAW	BOARD MEMBER	0.50	Director	$0	$0	$0
LORI HAYES	BOARD MEMBER	0.50	Director	$0	$0	$0
DARRELL ENGLISH	BOARD MEMBER	0.50	Director	$0	$0	$0
KARL KARCH	BOARD MEMBER	0.50	Director	$0	$0	$0
JULIE ELLIS	BOARD MEMBER	0.50	Director	$0	$0	$0
TRISCHE MOLLNER	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN WILKINSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBI TAYLOR	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICIA HOLLAND	EXECUTIVE DI	50.00	Officer	$118,660	$0	$118,660

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	$2,919,349	$2,327,284	$2,570,308	$592,065
2023	$2,247,392	$2,186,631	$1,918,554	$60,761
2022	$2,401,939	$2,304,834	$1,901,878	$97,105
2021	$2,372,598	$2,314,184	$2,029,533	$58,414
2020	$2,123,917	$2,053,949	$2,094,228	$69,968
2019	$2,108,913	$2,039,370	$1,840,615	$69,543
2018	$2,194,176	$2,229,956	$1,844,845	$-35,780

RAPPAHANNOCK AREA AGENCY ON AGING INC