COUNCIL ON AGING OF VOLUSIA COUNTY INC (EIN 591160221) - 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

1967

Legal Domicile

Principal Officer

TERRI KAROL

Phone

3862534700

Tax Period

2023-10-01 to 2024-09-30

COUNCIL ON AGING OF VOLUSIA COUNTY INC, founded in 1967, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LEADERSHIP, ADVOCACY, CRITICAL SUPPORT SERVICES AND AN ADMINISTRATIVE ORGANIZATION ON BEHALF OF OLDER PERSONS IN VOLUSIA COUNTY, FLORIDA, WITH THE PURPOSE OF ASSURING TO THEM THE MAXIMUM POSSIBLE INDEPENDENCE, DIGNITY AND PERSONAL WELFARE.

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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 $8,374,904

Program Service Revenue $482,929

Investment Income $45,336

Other Revenue $-20,497

TOTAL REVENUE $8,882,672

Expense Breakdown

Grants Paid $4,715

Salaries & Benefits $4,154,842

Fundraising Expenses $149,754

Program Expenses $8,226,402

Other Expenses $4,846,836

TOTAL EXPENSES $9,006,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,882,672	$7,649,107	+0.2%
Expenses	$9,006,393	$8,114,040	+0.1%
Net Income	$-123,721	$-464,933	-0.7%

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

142

Volunteers

154

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

$255,838

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY THIGPEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEAN G PEPE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BEN EBY	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA WEBSTER-DUBEA	SECRETARY	1.00	Officer Director	$0	$0	$0
NANCY LOHMAN	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
JORDAN JILOTY	DIRECTOR	1.00	Director	$0	$0	$0
AUBREY E LONG PHD	DIRECTOR	1.00	Director	$0	$0	$0
JULIAN LOPEZ JR	DIRECTOR	1.00	Director	$0	$0	$0
KEITH NORDEN	DIRECTOR	1.00	Director	$0	$0	$0
RON NOWVISKIE	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE SKINNER	DIRECTOR	1.00	Director	$0	$0	$0
MATT HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER MARTIN DC	DIRECTOR	1.00	Director	$0	$0	$0
ANDY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ANN MARIE ZWEIFEL	DIRECTOR	1.00	Director	$0	$0	$0
BEN JOHNSON	DIRECTOR, AS OF 9/2024	1.00	Director	$0	$0	$0
WENDY MARA	DIRECTOR, AS OF 9/2024	1.00	Director	$0	$0	$0
VICTOR RAMOS	DIRECTOR, AS OF 9/2024	1.00	Director	$0	$0	$0
JOIE ALEXANDER	DIRECTOR UNTIL 2/2024	1.00	Director	$0	$0	$0
TERRI KAROL	CO-EXECUTIVE DIRECTOR & CFO	36.00	Officer	$117,144	$12,198	$135,508
EVELINE KRAIJIC	CO-EXECUTIVE DIRECTOR	36.00	Officer	$102,406	$12,534	$120,330

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
2024	$8,882,672	$9,006,393	$7,418,975	$-123,721
2023	$7,649,107	$8,114,040	$8,333,015	$-464,933
2022	$6,851,683	$6,840,975	$5,977,539	$10,708
2021	$6,790,295	$7,027,443	$6,005,975	$-237,148
2020	$7,651,483	$7,087,643	$5,953,281	$563,840
2019	$7,378,714	$6,218,560	$4,997,822	$1,160,154
2018	$6,647,983	$6,409,977	$3,385,687	$238,006

COUNCIL ON AGING OF VOLUSIA COUNTY INC