McDowell County Commission on Aging Inc (EIN 550567694) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

Jackie Fairbanks

Phone

3044366588

Tax Period

2023-10-01 to 2024-09-30

McDowell County Commission on Aging Inc, founded in 1973, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $2.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide services to senior citizens of McDowell County, West Virginia.

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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 $1,558,977

Program Service Revenue $816,431

Investment Income $36,670

Other Revenue $46,295

TOTAL REVENUE $2,458,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,929,937

Fundraising Expenses $0

Program Expenses $2,869,561

Other Expenses $939,624

TOTAL EXPENSES $2,869,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,458,373	$3,058,909	-0.2%
Expenses	$2,869,561	$2,948,151	0.0%
Net Income	$-411,188	$110,758	-4.7%

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

N/A

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

Total Directors

Key Employees

$132,514

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald Reed	Executive Director	40.00	Key Emp	$80,499	$0	$80,499
Margaret Lisa Sanderson	Assistant Director	40.00	Key Emp	$52,015	$0	$52,015
Jackie Fairbanks	President	2.00	Officer Director	$0	$0	$0
Sheila Munch	Vice President	2.00	Officer Director	$0	$0	$0
Vivian Anderson	Secretary	2.00	Officer Director	$0	$0	$0
Doris Johnston	Treasurer	2.00	Officer Director	$0	$0	$0
Dolores Johnson	Director	2.00	Director	$0	$0	$0
Lucreatia Ford	Director	2.00	Director	$0	$0	$0
Lois Godfrey	Director	2.00	Director	$0	$0	$0
Marie Scales	Director (Past President)	2.00	Director	$0	$0	$0
Mike Snow	Director	2.00	Director	$0	$0	$0
Marilynn Tilley	Director	2.00	Director	$0	$0	$0
Ivirose Green	Director	2.00	Director	$0	$0	$0
Robin Pruitt	Director	2.00	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	$2,662,781	$2,784,521	$2,051,869	$-121,740
2024	$2,458,373	$2,869,561	$1,974,391	$-411,188
2023	$3,058,909	$2,948,151	$2,436,637	$110,758
2022	$3,129,894	$2,742,794	$2,207,683	$387,100
2021	$2,918,822	$2,133,257	$1,717,948	$785,565
2020	$1,995,379	$1,811,660	$919,792	$183,719
2019	$1,603,385	$1,499,167	$461,818	$104,218
2018	$1,458,756	$1,507,802	$352,253	$-49,046

McDowell County Commission on Aging Inc