SOUTH FLORIDA INSTITUTE ON AGING INC (EIN 591297932) - 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

1970

Legal Domicile

Principal Officer

CRESHA REID

Phone

9544847117

Tax Period

2023-07-01 to 2024-06-30

SOUTH FLORIDA INSTITUTE ON AGING INC, founded in 1970, is a community nonprofit in the Youth Development sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

SOFIA IMPROVES ECONOMIC AND SOCIAL INSIGHTS AND SERVICES TO EMPOWER PEOPLE AS THEY AGE.

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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 $1,569,605

Program Service Revenue $0

Investment Income $0

Other Revenue $-11,879

TOTAL REVENUE $1,557,726

Expense Breakdown

Grants Paid $685,859

Salaries & Benefits $793,260

Fundraising Expenses $90,536

Program Expenses $1,529,956

Other Expenses $251,742

TOTAL EXPENSES $1,730,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,557,726	$1,600,991	0.0%
Expenses	$1,730,861	$1,617,401	+0.1%
Net Income	$-173,135	$-16,410	+9.6%

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

315

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

$121,146

Total Directors

$121,146

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN M PARKER	CHAIR	2.00	Officer Director	$0	$0	$0
LYNN BREWER	VICE CHAIR & TREASURER	2.00	Officer Director	$0	$0	$0
GLEN BENJAMIN	DIRECTOR	2.00	Director	$0	$0	$0
VANESSA D GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
ARNOLD MONTGOMERY	DIRECTOR	2.00	Director	$0	$0	$0
ALINA M PEREZ	DIRECTOR	2.00	Director	$0	$0	$0
TED L PERRELLA CPA	DIRECTOR	2.00	Director	$0	$0	$0
ALETHIA HOUSEN	DIRECTOR	2.00	Director	$0	$0	$0
MARC TRAJAN	DIRECTOR	2.00	Director	$0	$0	$0
M DENISE SIMMONS	DIRECTOR	2.00	Director	$0	$0	$0
CRESHA REID	PRESIDENT AND CEO	40.00	Officer Director	$109,526	$11,620	$121,146

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	$1,557,726	$1,730,861	$393,328	$-173,135
2023	$1,600,491	$1,616,901	$507,467	$-16,410
2022	$2,249,216	$1,966,772	$782,969	$282,444
2021	$2,237,668	$2,395,798	$509,805	$-158,130
2020	$2,482,953	$2,287,729	$681,133	$195,224
2019	$1,952,859	$2,030,852	$470,476	$-77,993

SOUTH FLORIDA INSTITUTE ON AGING INC