COUNCIL ON AGING INC

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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

1980

Legal Domicile

Principal Officer

Jennifer Brown

Phone

3042948800

Tax Period

2023-10-01 to 2024-09-30

COUNCIL ON AGING INC, founded in 1980, is a community nonprofit in the Human Services sector that reported $6.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

An organization dedicated to serving senior citizens throughout our area and improving the quality of life for our clients.

Program Service Accomplishments

Program 1

Expenses: $4,989,965 Revenue: $4,892,116

Medicaid provides funds to assist elderly and low income citizens to remain independent by providing custodial and basic medical needs to the person in their home. Provided 430,187 Personal Care...

Medicaid provides funds to assist elderly and low income citizens to remain independent by providing custodial and basic medical needs to the person in their home. Provided 430,187 Personal Care units, 550,941 Waiver units, and 16,480 Traumatic Brain Injury units.

Program 2

Expenses: $340,084 Revenue: $360,179

Title III Program provides social services and nutritional services to senior citizens funds through a mixture of federal and state grants as well as program income. Provided 5,556 congregate meals, 26,950 home delivered meals, 1,697 pick-up meals 1,095 units of in-home respite, 505 units of information and assistance, 131 units of Walk with Ease, and 1,744 units of transportation.

Program 3

Expenses: $263,702 Revenue: $290,340

The Lighthouse program provides in-home assistance for seniors who do not qualify for other programs. The Fair program provides relief to caregivers who care for individuals with dementia and...

The Lighthouse program provides in-home assistance for seniors who do not qualify for other programs. The Fair program provides relief to caregivers who care for individuals with dementia and Alzheimer's disease. Provided 13,081 units of Lighthouse and 2,641 units of Fair.

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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 $946,469

Program Service Revenue $4,955,580

Investment Income $157,914

Other Revenue $0

TOTAL REVENUE $6,059,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,600,271

Fundraising Expenses $0

Program Expenses $5,825,350

Other Expenses $860,215

TOTAL EXPENSES $6,460,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,059,963	$6,965,662	-0.1%
Expenses	$6,460,486	$6,025,645	+0.1%
Net Income	$-400,523	$940,017	-1.4%

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

333

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

Total Directors

Key Employees

$189,893

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Brown	Executive Director	36	Key Emp Highest	$139,267	$19,490	$189,893
John Worley	President	0.25	Officer Director	$0	$0	$0
Barbara Hardy	Secretary/Treasurer	0.25	Officer Director	$0	$0	$0
Sara Lou Frank	Vice President	0.25	Officer Director	$0	$0	$0
Pete Kirk	Board member	0	Director	$0	$0	$0
Terry Thorn	Board member	0	Director	$0	$0	$0
Carol Wilcox	Board member	0	Director	$0	$0	$0
Sandra Clark	Board member	0	Director	$0	$0	$0
Silas Mullins	Board member	0	Director	$0	$0	$0
Ronald Bowling	Board member	0	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	$6,059,963	$6,460,486	$6,988,525	$-400,523
2023	$6,965,662	$6,025,645	$7,370,827	$940,017
2022	$6,725,877	$5,486,439	$6,393,520	$1,239,438
2021	$6,438,869	$5,071,241	$5,122,347	$1,367,628
2020	$4,841,718	$4,543,585	$3,947,140	$298,133
2019	$4,673,781	$4,497,010	$3,548,753	$176,771
2018	$4,591,309	$4,408,255	$3,580,954	$183,054