COUNCIL ON THE AGING OF CLEVELAND … - 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

1977

Legal Domicile

Principal Officer

PAULETTE PUTNAM

Phone

7044823488

Tax Period

2023-07-01 to 2024-06-30

COUNCIL ON THE AGING OF CLEVELAND COUNTY NC INC, founded in 1977, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

AGING SERVICES TO SENIOR CITIZENS, SENIOR CENTER OPERATIONS, SENIOR TRIPS, SENIOR HEALTH PROMOTIONS, NUTRITIONAL PROGRAMS, EMERGENCY ASSISTANCE, AND NUMEROUS SENIOR ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $901,678

OVER 19,000 SENIORS PARTICIPATE IN SENIOR CENTER ACTIVITIES, SENIOR NEWS CIRCULATES TO MORE THAN 7,000 MONTHLY. OVER 27,000 CONGREGATE AND HOME DELIVERED MEALS SERVED. SENIOR HOUSING PROVIDED TO 85 SENIORS OVER. OVER 1,000 SENIORS PROVIDED HEALTH, TRANSPORTATION, HOME REPAIRS, LEGAL, UTILITY, AND OTHER OUTREACH SERVICES.

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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 $759,722

Program Service Revenue $281,043

Investment Income $12,446

Other Revenue $51,349

TOTAL REVENUE $1,104,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $508,925

Fundraising Expenses $0

Program Expenses $901,678

Other Expenses $546,474

TOTAL EXPENSES $1,055,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,104,560	$917,249	+0.2%
Expenses	$1,055,399	$1,061,383	0.0%
Net Income	$49,161	$-144,134	-1.3%

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

150

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
JOHNNY HUTCHINS	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD STRACHAN	PRESIDENT	2.00	Director	$0	$0	$0
PEGGY WUEST	TREASURER	2.00	Director	$0	$0	$0
FRIEDA PAULEY	SECRETARY	2.00	Director	$0	$0	$0
CHAD CHASTAIN	DIRECTOR	2.00	Director	$0	$0	$0
DON COSTNER	DIRECTOR	2.00	Director	$0	$0	$0
BECKY EARLEY	DIRECTOR	2.00	Director	$0	$0	$0
BUREL HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
LUCY PLYLER	DIRECTOR	2.00	Director	$0	$0	$0
BECKY REGER	DIRECTOR	2.00	Director	$0	$0	$0
KRIS THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
BETH THOMAS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ROBIN COSTNER	DIRECTOR	2.00	Director	$0	$0	$0
TOM MINOWICZ	DIRECTOR	2.00	Director	$0	$0	$0
CHIP NUHRAH	DIRECTOR	2.00	Officer Director	$0	$0	$0
TAMMY PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
JADA WILLIAMS	DIRECTOR	2.00	Officer Director	$0	$0	$0
BRANDI WILLIS	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
2025	No data	No data	No data	No data
2024	$1,104,560	$1,055,399	$2,421,858	$49,161
2023	$917,249	$1,061,383	$2,353,811	$-144,134
2022	$1,123,649	$1,022,668	$2,503,653	$100,981
2021	$978,073	$939,508	$2,448,683	$38,565
2020	$997,642	$1,013,183	$2,449,177	$-15,541
2019	$1,014,853	$1,100,552	$2,548,596	$-85,699
2018	$1,217,686	$1,176,319	$2,666,565	$41,367

COUNCIL ON THE AGING OF CLEVELAND COUNTY NC INC