DURHAM CENTER FOR SENIOR LIFE (EIN 560886647) - 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

1966

Legal Domicile

Phone

9196888247

Tax Period

2023-07-01 to 2024-06-30

DURHAM CENTER FOR SENIOR LIFE, founded in 1966, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

Enrich the lives of Durham older adults 55+ by promoting healthy, active and independent lifestyles

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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 $1,866,706

Program Service Revenue $139,595

Investment Income $1,204

Other Revenue $86,178

TOTAL REVENUE $2,093,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,497,941

Fundraising Expenses $223,971

Program Expenses $1,927,596

Other Expenses $833,155

TOTAL EXPENSES $2,331,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,093,683	$2,333,490	-0.1%
Expenses	$2,331,096	$2,390,223	0.0%
Net Income	$-237,413	$-56,733	+3.2%

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

132

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

$93,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Seanyea Rains	Executive Director	40	Officer	$91,677	$2,000	$93,677
Paul Cook	Board Chair	5	Officer Director	$0	$0	$0
James Tabron	Vice Board Chair & Governance Chair	4	Officer Director	$0	$0	$0
Nathan Summers	Treasurer/Finance Chair	2.5	Officer Director	$0	$0	$0
Amanda Borer	Secretary	2.5	Officer Director	$0	$0	$0
Bill Spreitzer	Development Chair	2.5	Officer Director	$0	$0	$0
Yolanda Van Reil	Adult Day Health Program Chair	2.5	Officer Director	$0	$0	$0
Julie Carroll	Board Member	1	Director	$0	$0	$0
Kareem Macon	Board Member	1	Director	$0	$0	$0
Liza Genao	Board Member	1	Director	$0	$0	$0
Michael page	Board Member	1	Director	$0	$0	$0
Veronica Martinez	Board Member	1	Director	$0	$0	$0
Vonda Richey	Board Member	1	Director	$0	$0	$0
Erica Brandon	Board Member	1	Director	$0	$0	$0
Mary Warren	Board Member	1	Director	$0	$0	$0
Cordie McIntyre	Board Member	1	Director	$0	$0	$0
Leslie Roseboro	Board Member	1	Director	$0	$0	$0
Leanne Clark Shirley	Board Member	1	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	$2,093,683	$2,331,096	$3,245,420	$-237,413
2024	$2,138,458	$2,309,144	$2,278,785	$-170,686
2023	$2,333,490	$2,390,223	$3,335,435	$-56,733
2022	$1,896,958	$1,871,179	$4,358,907	$25,779
2021	$1,807,479	$1,980,176	$485,546	$-172,697
2020	$1,935,173	$1,810,934	$1,351,923	$124,239
2019	$1,514,159	$1,502,059	$2,054,262	$12,100

DURHAM CENTER FOR SENIOR LIFE