ALLEGHANY COUNTY COUNCIL ON AGING … - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

KARON EDWARDS

Phone

3363724640

Tax Period

2023-07-01 to 2024-06-30

ALLEGHANY COUNTY COUNCIL ON AGING INC, founded in 1978, is a small nonprofit in the Human Services sector that reported $436K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $392K left a modest 10% surplus.

Mission

PROVIDE MEALS AND HOME SERVICES TO THE ELDERLY AND HANDICAPPED IN ALLEGHANY COUNTY, N.C.

Program Service Accomplishments

Program 1

Expenses: $351,007 Revenue: $436,170

PROVIDING MEALS, CHORE SERVICE, TRANSPORTATION, INFORMATION AND REFERRAL SERVICE AND SOCIAL ACTIVITIES TO SENIOR CITIZENS IN THE ALLEGHANY COUNTY , NORTH CAROLINA AREA.

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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 $429,637

Program Service Revenue $6,351

Investment Income $182

Other Revenue $0

TOTAL REVENUE $436,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,925

Fundraising Expenses $0

Program Expenses $351,007

Other Expenses $200,719

TOTAL EXPENSES $391,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,170	$393,326	+0.1%
Expenses	$391,644	$375,837	+0.0%
Net Income	$44,526	$17,489	+1.5%

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

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

$45,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARON EDWARDS	EXECUTIVE DI	40.00	Officer	$45,706	$0	$45,706
LAUREN BARRICKLOW	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGE GRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN GRIFFITH	CHAIR	5.00	Director	$0	$0	$0
BOBBY IRWIN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRETT LIVERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY LUCAS	SECRETARY	2.00	Director	$0	$0	$0
PAT POLLEY	VICE CHAIR	5.00	Director	$0	$0	$0
STACEY PRESNELL	BOARD MEMBER	2.00	Director	$0	$0	$0
WANDA SMITH	TREASURER	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
2025	No data	No data	No data	No data
2024	$436,170	$391,644	$338,198	$44,526
2023	$393,326	$375,837	$250,342	$17,489
2022	$406,301	$426,787	$245,505	$-20,486
2021	$409,892	$399,520	$264,121	$10,372
2020	$355,429	$357,318	$246,587	$-1,889
2019	$370,114	$367,420	$245,782	$2,694

ALLEGHANY COUNTY COUNCIL ON AGING INC