HARDY COUNTY COMMITTEE 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

1973

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

HARDY COUNTY COMMITTEE ON AGING INC, founded in 1973, is a small nonprofit in the Human Services sector that reported $966K in total revenue in fiscal year 2023. Net assets of $2.2M represent 27 months of operating reserves.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR SENIOR CITIZENS OF HARDY COUNTY, WV

Program Service Accomplishments

Program 1

Expenses: $285,349

TO PROVIDE IN-HOME CARE SERVICES TO SENIOR CITIZENS OF HARDY COUNTY, WV; PROGRAM SPONSOREDBY THE DHHR FOR THOSE MEDICAID ELIGIBLE.

Program 2

Expenses: $272,734

TO PROVIDE NUTRITIONAL MEALS TO SENIOR CITIZENS OF HARDY COUNTY, WV.

Program 3

Expenses: $154,524

TO PROVIDE LINKAGE BETWEEN COMMUNITY RESOURCES AND FAMILIES AND INDIVIDUALS OR INDIVIDUALS INECONOMIC OR SOCIAL CRISIS BY LOCATION AND NEED; PACKAGING SUCH RESOURCES TO MEET NEEDS OFCLIENT...

TO PROVIDE LINKAGE BETWEEN COMMUNITY RESOURCES AND FAMILIES AND INDIVIDUALS OR INDIVIDUALS INECONOMIC OR SOCIAL CRISIS BY LOCATION AND NEED; PACKAGING SUCH RESOURCES TO MEET NEEDS OFCLIENT EMERGENCIES.

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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 $635,792

Program Service Revenue $100,720

Investment Income $2,636

Other Revenue $226,751

TOTAL REVENUE $965,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $535,391

Fundraising Expenses $0

Program Expenses $712,607

Other Expenses $477,295

TOTAL EXPENSES $1,012,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$965,899	$970,804	0.0%
Expenses	$1,012,686	$980,368	+0.0%
Net Income	$-46,787	$-9,564	+3.9%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Loretta Humbertson	Director	0.50	Director	$0	$0	$0
Tyler Shockey	Director	0.50	Director	$0	$0	$0
Tracy Sherman	Director	0.50	Director	$0	$0	$0
Ann Funkhouser	Director	0.50	Director	$0	$0	$0
Helen Martin	Director	0.50	Director	$0	$0	$0
Judy Patterson	Vice-Chairman	0.50	Director	$0	$0	$0
William Ours	Chairman	2.00	Director	$0	$0	$0
Greg Greenwalt	Treasurer	0.50	Director	$0	$0	$0
Teresa Sherman	Secretary	0.50	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
2024	$965,899	$1,012,686	$2,282,709	$-46,787
2023	$970,804	$980,368	$2,338,908	$-9,564
2022	$882,119	$900,819	$2,331,919	$-18,700
2021	$951,948	$831,303	$2,354,441	$120,645
2020	$877,460	$818,959	$2,237,578	$58,501