PRIMEPLUS SENIOR CENTERS

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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

1979

Legal Domicile

Principal Officer

JENNIFER ROSSETTINI

Phone

7576255857

Tax Period

2023-10-01 to 2024-09-30

PRIMEPLUS SENIOR CENTERS, founded in 1979, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 5% surplus.

Mission

FOR OVER 50 YEARS, PRIMEPLUS SENIOR CENTER HAS BEEN CHANGING LIVES FOR ADULTS AGE 50+ IN SOUTH HAMPTON ROADS AND WE CONTINUE TO DO IT EVERY DAY.

Program Service Accomplishments

Program 1

Expenses: $1,054,717 Revenue: $570,526

ALL PROGRAM SERVICES ARE RELATED TO AND IN SUPPORT OF THE RECREATIONAL, SOCIAL, NUTRITIONAL, EDUCATIONAL, REFERRAL, DAY CARE, CAREGIVER SUPPORT AND TRANSPORTATION SERVICES FOR THE SENIOR CITIZENS IN...

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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 $753,069

Program Service Revenue $570,526

Investment Income $4,977

Other Revenue $74

TOTAL REVENUE $1,328,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $727,440

Fundraising Expenses $49,143

Program Expenses $1,054,717

Other Expenses $529,768

TOTAL EXPENSES $1,257,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,328,646	$1,008,094	+0.3%
Expenses	$1,257,208	$1,094,665	+0.1%
Net Income	$71,438	$-86,571	-1.8%

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

$82,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT PARSONS	TREASURER	2.00	Officer Director	$0	$0	$0
MARTHA RAISS	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER ROSSETTINI	PRESIDENT - ELECT	2.00	Officer Director	$0	$0	$0
MARY JO ROTHGERY	PRESIDENT	2.00	Officer Director	$0	$0	$0
WENDY BRODSKY	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA ELIZABETH DEHORITY	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE W PRATT	BOARD MEMBER	1.00	Director	$0	$0	$0
LORNA J COCHRANE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR VANESSA GOLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY GREENE PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICAH C HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
REV DR GEOFFREY GUNS	BOARD MEMBER	1.00	Director	$0	$0	$0
HONARABLE JOSEPH MASSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET W MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
COL WILLIAM DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHALL MCCORKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE KOSSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR STEPHEN C JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANN MANCUSO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES R PARRISH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA WARREN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON WHITEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
XIHE ZHU PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT HORNE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LISA PRICE STEVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER NEWTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH PINKARD	BOARD MEMBER	1.00	Director	$0	$0	$0
TANCY J VANDECAR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BATCHER	EXECUTIVE DIRECTOR	50.00	Officer	$82,541	$0	$82,541

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	$1,328,646	$1,257,208	$477,560	$71,438
2023	$1,008,094	$1,094,665	$386,121	$-86,571
2022	$771,517	$1,084,306	$285,353	$-312,789
2021	$1,025,662	$1,003,399	$432,957	$22,263
2020	$794,708	$923,487	$271,462	$-128,779
2019	$909,556	$1,323,291	$273,807	$-413,735
2018	$913,547	$984,844	$249,145	$-71,297