THE 60 PLUS ASSOCIATION INC

EIN: 541564919

ALEXANDRIA, VA

Total Revenue
$6,417,739
Total Expenses
$6,443,343
Total Assets
$1,148,593
Net Assets
$786,129
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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
1992
Legal Domicile
VA
Principal Officer
SAUL ANUZIS
Phone
7038072070
Tax Period
2024-01-01 to 2024-12-31

THE 60 PLUS ASSOCIATION INC, founded in 1992, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

TO ADVOCATE FOR GOOD GOVERNANCE, EDUCATE, INFORM AND PROVIDE RESOURCES TO AID SENIOR CITIZENS IN PROTECTING THEIR RIGHTS.

Program Service Accomplishments

Program 1
Expenses: $5,088,547

PROVIDING RESOURCES AND EDUCATIONAL MATERIALS TO SENIOR CITIZENS.

Program 2
Expenses: $328,686

PROVIDE EDUCATIONAL AWARENESS ABOUT HEALTHCARE REFORM AND OTHER ISSUES THAT AFFECT SENIORS.

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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 $6,392,682
Program Service Revenue $0
Investment Income $25,057
Other Revenue $0
TOTAL REVENUE $6,417,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $729,478
Program Expenses $5,417,233
Other Expenses $5,741,444
TOTAL EXPENSES $6,443,343

Year-over-Year Comparison

2024 2023 Change
Revenue $6,417,739 $7,477,375 -0.1%
Expenses $6,443,343 $7,395,667 -0.1%
Net Income $-25,604 $81,708 -1.3%
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

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Governance

Voting Members
9
Independent Members
7
Employees
N/A
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
4
$125,000
Total Directors
9
$125,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MARTIN CHAIRMAN 20.00
Officer Director
$101,000 $0 $101,000
L PRATHER MCKINNON TREASURER 10.00
Officer Director
$24,000 $0 $24,000
SAUL ANUZIS PRESIDENT 10.00
Officer Director
$0 $0 $0
BOB COAKLEY SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN ENGLER DIRECTOR N/A
Director
$0 $0 $0
SUE LOWDEN DIRECTOR N/A
Director
$0 $0 $0
RAY HAYNES DIRECTOR N/A
Director
$0 $0 $0
GARY HOITSMA DIRECTOR N/A
Director
$0 $0 $0
GARY WOLFRAM DIRECTOR 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 No data No data No data No data
2024 $6,417,739 $6,443,343 $1,148,593 $-25,604
2023 $7,477,375 $7,395,667 $1,138,291 $81,708
2022 $6,571,476 $6,395,839 $887,681 $175,637
2022 $6,571,476 $6,395,839 $887,681 $175,637
2021 $11,797,770 $11,607,237 $451,230 $190,533
2020 $511,646 $586,506 $74,257 $-74,860
2020 $961,124 $581,142 $49,475 $379,982
2019 $997,289 $916,895 $125,944 $80,394
2019 $997,289 $916,895 $125,944 $80,394
2018 $3,390,070 $3,726,266 $135,952 $-336,196
2018 $3,390,070 $3,726,266 $135,952 $-336,196
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