SENIOR SERVICES FOUNDATION INC

EIN: 562220702 501(c)(3) Arts, Culture & Humanities

WINSTONSALEM, NC

Total Revenue
$480,171
Total Expenses
$288,334
Total Assets
$6,942,392
Net Assets
$6,942,392
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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
1999
Legal Domicile
NC
Principal Officer
T LEE COVINGTON
Phone
3367250907
Tax Period
2024-07-01 to 2025-06-30

SENIOR SERVICES FOUNDATION INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $480K in total revenue in fiscal year 2024. The organization ran a surplus of $192K, a strong 40% operating margin.

Mission

THE SENIOR SERVICES FOUNDATION, INC. IS A SUPPORTING ORGANIZATION OF SENIOR SERVICES, INC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $127,926
Program Service Revenue $0
Investment Income $352,245
Other Revenue $0
TOTAL REVENUE $480,171

Expense Breakdown

Grants Paid $265,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $265,000
Other Expenses $23,334
TOTAL EXPENSES $288,334

Year-over-Year Comparison

2024 2023 Change
Revenue $480,171 $454,521 +0.1%
Expenses $288,334 $220,121 +0.3%
Net Income $191,837 $234,400 -0.2%
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

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Governance

Voting Members
27
Independent Members
27
Employees
N/A
Volunteers
27

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
6
$245,021
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
T LEE COVINGTON EXECUTIVE DI 1.00
Officer
$0 $32,485 $245,021
EVELYN ACREE BOARD MEMBER 1.00
Director
$0 $0 $0
SANDRA ADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
RUSSELL ARMISTEAD BOARD MEMBER 1.00
Director
$0 $0 $0
SPENCER BENNETT BOARD MEMBER 1.00
Director
$0 $0 $0
DR DUDLEY CHANDLER BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES DECRISTO BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
SANDLIN DOUGLAS BOARD MEMBER 1.00
Director
$0 $0 $0
LYNN EISENBERG BOARD MEMBER 1.00
Director
$0 $0 $0
JAY FORD BOARD MEMBER 1.00
Director
$0 $0 $0
JIMBO HARDISON BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE JESKE BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL LINDSAY BOARD MEMBER 1.00
Director
$0 $0 $0
SAM METZLER BOARD MEMBER 1.00
Director
$0 $0 $0
ED SHAW BOARD MEMBER 1.00
Director
$0 $0 $0
GWYNNE TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
MARYBETH TERRY BOARD MEMBER 1.00
Director
$0 $0 $0
TALITHA VICKERS BOARD MEMBER 1.00
Director
$0 $0 $0
LETITIA WALL BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE WATTS BOARD MEMBER 1.00
Director
$0 $0 $0
WILSON WEAVER II BOARD MEMBER 1.00
Director
$0 $0 $0
DAVIDA MARTIN CHAIR 1.00
Officer Director
$0 $0 $0
KAY CHALK CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
TED GOINS TREASURER 1.00
Officer Director
$0 $0 $0
KRISS DINKINS SECRETARY 1.00
Officer Director
$0 $0 $0
MARIE ARCURI IMMEDIATE PA 1.00
Officer 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 $480,171 $288,334 $6,942,392 $191,837
2024 $454,521 $220,121 $6,492,668 $234,400
2023 $213,284 $17,027 $5,482,559 $196,257
2022 $596,720 $220,884 $4,728,464 $375,836
2021 $320,211 $130,569 $5,463,002 $189,642
2020 $292,520 $229,051 $4,350,658 $63,469
2019 $433,376 $220,742 $4,273,037 $212,634
2018 $230,101 $220,070 $4,050,045 $10,031
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