RAPPAHANNOCK AREA AGENCY ON AGING … - 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

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 $2.9M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $592K, a strong 20% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $2,258,180 Revenue: $9,509

RAAA PROVIDES ASSISTANCE TO SENIOR CITIZENS WITHIN PD16 THROUGH A MULTITUDE OF PROGRAMS. SOME OF OUR MAJOR PROGRAMS INCLUDE WEATHERIZATION, HOMEMAKERS, MOBILITY OPTIONS, NUTRITION AND TRANSPORTATION. THE NUTRITION PROGRAM ENCOMPASSES PROVIDING NUTRITIOUS MEALS TO SENIORS IN THE PD16 OF THE COMMONWEALTH. WE HAVE TWO CATEGORIES UNDER THIS PROGRAM. HOME DELIVERED NUTRITION IS INTENDED TO PROVIDE DIETARY SUPPORT FOR HOMEBOUND INDIVIDUALS WHO ARE UNABLE TO COOK OR PREPARE MEALS FOR THEMSELVES AND DO NOT HAVE ACCESS TO ADEQUATE NUTRITION. RAAA'S SENIOR CAFE'S PROVIDE NUTRITION AS WELL AS SOCIAL, RECREATION, AND PHYSICAL ACTIVITIES, IN ADDITION TO SHOPPING, AND EVENTS THE MOBILITY OPTIONS PROGRAM IS A GRANT FUNDED PROGRAM PROVIDING TRANSPORTATION, COUNSELING, TRAVEL TRAINING, AND PERSONALIZED TRANSPORTATION FOR PD16. SERVICES MAY BE PROVIDED TO PERSON OF ANY AGE WITH WITH A PHYSICAL, DEVELOPMENTAL OR INTELLECTUAL DISABILITY, OR PERSONS THAT ARE SIXTY (60) YEARS OF AGE OR OLDER. TRANSPORTATION SERVICES ARE PROVIDED TO PARTICIPANTS OF OUR CAFE PROGRAM WHO LACK THE ABILITY TO TRANSPORT THEMSELVES AND LACK OTHER MEANS OF TRANSPORTATION.

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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 (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