HOLMES COUNCIL ON AGING INC

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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

DONNA MELDON

Phone

8505479393

Tax Period

2024-01-01 to 2024-12-31

HOLMES COUNCIL ON AGING INC, founded in 1970, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 3% surplus.

Mission

TO PROVIDE STIMULATION AND INCENTIVE FOR THE COUNTIES OF WASHINGTON AND HOLMES IN FLORIDA TO MEET THE NEES OF THE OLDER SENIOR CITIZENS THROUGH SERVICE PROGRAMS AND RESEARCH PROJECTS AND THO PROVIDE GENERAL COORDINATION AND PLANNING TO FURTHER THE PURPOSE OF THE OLDER AMERICANS ACT OF 1965.

Program Service Accomplishments

Program 1

Expenses: $838,858 Revenue: $908,094

TO PROVIDE ELDERLY ADULTS WITH LOW COST NUTRITIOUS MEALS AND APPROPRIATE NUTRITION EDUCATION. TO PROVIDE COMMUNITY CARE FOR THE ELDERLY, ALZHEIMERS DISEASE INITIATIVE, HOME CARE FOR THE ELDERLY, AND PROVIDE CARE AND SUPERVISION FOR THE ELDERLY ADULTS IN THE COMMUNITY. ALSO, TO PROVIDE ASSITANCE WITH MEDICAL COSTS FOR THE ELDERLY.

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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 $127,875

Program Service Revenue $908,094

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,035,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,381

Fundraising Expenses $25,598

Program Expenses $838,858

Other Expenses $471,317

TOTAL EXPENSES $1,000,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,035,969	$723,514	+0.4%
Expenses	$1,000,698	$746,303	+0.3%
Net Income	$35,271	$-22,789	-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

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
DONNA MELDON	PRESIDENT	1.00	Officer	$0	$0	$0
LAUREN MORRIS	SECRETARY/TR	N/A	Officer	$0	$0	$0
PAM GOODWIN	BOARD MEMBER	N/A	Director	$0	$0	$0
TERRY MEARS	BOARD MEMBER	N/A	Director	$0	$0	$0
DOUG SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSH JACKSON	BOARD MEMBER	N/A	Director	$0	$0	$0
CONNIE SMELCER	BOARD MEMBER	N/A	Director	$0	$0	$0
CLINT ERICKSON	BOARD MEMBER	N/A	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
2024	$1,035,969	$1,000,698	$327,363	$35,271
2023	$723,514	$746,303	$253,418	$-22,789
2022	$610,171	$597,678	$266,030	$12,493
2021	$665,112	$525,294	$254,189	$139,818
2020	$511,091	$465,020	$137,290	$46,071
2019	$549,638	$544,949	$91,221	$4,689
2018	$566,239	$581,007	$103,663	$-14,768