ADULT LIFE PROGRAMS INC (EIN 581509463) - 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

1982

Legal Domicile

Principal Officer

KARIN MCDANIEL

Phone

8283269120

Tax Period

2024-07-01 to 2025-06-30

ADULT LIFE PROGRAMS INC, founded in 1982, is a community nonprofit in the Unknown sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO ENABLE ELDERLY PERSONS AND DISABLED ADULTS TO REMAIN IN THEIR COMMUNITY BY PROVIDING ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $117,766

Program Service Revenue $1,633,482

Investment Income $12,200

Other Revenue $0

TOTAL REVENUE $1,763,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,199,175

Fundraising Expenses $0

Program Expenses $1,399,830

Other Expenses $527,916

TOTAL EXPENSES $1,727,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,763,448	$1,629,680	+0.1%
Expenses	$1,727,091	$1,619,399	+0.1%
Net Income	$36,357	$10,281	+2.5%

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

N/A

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

$79,021

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE ALBANO	BOARD MEMBER	2.00	Director	$0	$0	$0
WILL ARANT	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY COTHREN	CHAIR	2.00	Officer Director	$0	$0	$0
SUE FRIGUGLIETTI	PAST CHAIR	2.00	Officer Director	$0	$0	$0
DEB HILL	VICE CHAIR/ SECRETARY	2.00	Officer Director	$0	$0	$0
ALICE LAYNE	BOARD MEMBER	2.00	Director	$0	$0	$0
LYNN MATTHEWS	BOARD MEMBER	2.00	Director	$0	$0	$0
NICHOLAS WALDEN	TREASURER	2.00	Officer Director	$0	$0	$0
DONNA WHITT	BOARD MEMBER	2.00	Director	$0	$0	$0
KARIN MCDANIEL	EXECUTIVE DIRECTOR	40.00	Director	$79,021	$0	$79,021

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	$1,763,448	$1,727,091	$1,040,824	$36,357
2024	$1,629,680	$1,619,399	$1,019,152	$10,281
2023	$1,380,464	$1,628,715	$1,016,895	$-248,251
2022	$1,237,565	$1,557,947	$1,268,472	$-320,382
2021	$1,508,984	$1,560,726	$1,582,870	$-51,742
2020	$1,831,980	$1,728,212	$1,648,816	$103,768
2019	$1,803,636	$1,671,974	$1,560,342	$131,662

ADULT LIFE PROGRAMS INC