AREA AGENCY ON AGING FOR (EIN 591854441) - 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

1978

Legal Domicile

Principal Officer

WENDY BOAZ-HAYES

Phone

2396526900

Tax Period

2023-01-01 to 2023-12-31

AREA AGENCY ON AGING FOR, founded in 1978, is a mid-sized nonprofit that reported $29.7M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $28.1M left a modest 5% surplus.

Mission

THE AGENCY IS ONE OF ELEVEN AREA AGENCIES ON AGING IN THE STATE OF FLORIDA PROVIDING ASSISTANCE FOR THE DEVELOPMENT, PLANNING AND ADMINISTRATION OF SERVICE PROGRAMS FOR THE ELDERLY. THE AGENCY'S SERVICE AREA INCLUDES CHARLOTTE, COLLIER, DESOTO, GLADES, HENDRY, LEE AND SARASOTA COUNTIES. THE AGENCY IS RESPONSIBLE FOR DEVELOPING AN AREA PLAN AND SUBGRANTING FEDERAL AND STATE FUNDS TO DIRECT PROVIDERS OF SERVICES FOR OLDER PERSONS TO ACHEIVE THE PLAN GOALS.

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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 $29,797,414

Program Service Revenue $0

Investment Income $-126,644

Other Revenue $0

TOTAL REVENUE $29,670,770

Expense Breakdown

Grants Paid $21,010,686

Salaries & Benefits $2,698,960

Fundraising Expenses $19,993

Program Expenses $25,203,571

Other Expenses $4,403,603

TOTAL EXPENSES $28,113,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,670,770	$23,649,863	+0.3%
Expenses	$28,113,249	$23,174,662	+0.2%
Net Income	$1,557,521	$475,201	+2.3%

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

$219,912

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIELA MORADO	EXEC DIR AFT	40.00	Officer	$124,629	$0	$124,629
RICHARD COCCHIERI	CFO	40.00	Officer	$95,283	$0	$95,283
GARRETT ANDERSON	OFFICER	5.00	Director	$0	$0	$0
SUSAN BERGER	DIRECTOR	5.00	Director	$0	$0	$0
WENDY BOAZ-HAYES	CHAIR	5.00	Officer Director	$0	$0	$0
DAVE BOERKOEL	TREASURER	5.00	Officer Director	$0	$0	$0
DR LESLEY CLACK	DIRECTOR	5.00	Director	$0	$0	$0
JAHA CUMMINGS	DIRECTOR	5.00	Director	$0	$0	$0
DAN KATZ	DIRECTOR	5.00	Director	$0	$0	$0
PAM KELLER	SECRETARY	5.00	Officer Director	$0	$0	$0
DR DENISE MCNULTY	DIRECTOR	5.00	Director	$0	$0	$0
DEREK ROONEY PA	DIRECTOR	5.00	Director	$0	$0	$0
BETH PRATHER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
VICTORIA STARYK	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTINA STEWART	DIRECTOR	5.00	Director	$0	$0	$0
MERIAM JACKIE WALKER	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$29,670,770	$28,113,249	$12,835,866	$1,557,521
2022	$23,649,863	$23,174,662	$10,470,596	$475,201
2021	$21,154,051	$20,529,408	$7,137,092	$624,643
2020	$20,333,231	$19,612,995	$5,583,211	$720,236
2019	$20,170,306	$19,719,708	$5,034,429	$450,598
2018	$18,346,048	$18,060,899	$3,672,174	$285,149

AREA AGENCY ON AGING FOR