MAE VOLEN SENIOR CENTER 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

1968

Legal Domicile

Principal Officer

ELIZABETH LUGO

Phone

5613958920

Tax Period

2024-07-01 to 2025-06-30

MAE VOLEN SENIOR CENTER INC, founded in 1968, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $11.3M left a modest 4% surplus.

Mission

To enhance the well-being of South Florida seniors, family caregivers, the disabled and their families by educating and advocating on their behalf and by providing health care and supportive services that meet their physical, emotional, social and psychological needs.

Program Service Accomplishments

Program 1

Expenses: $1,732,704 Revenue: $549

Nutrition Services: Provides nutritious and tasty meals in an active and welcoming social environment at senior dining sites and home-delivered meals to seniors unable to travel. Nutrition Education by a Registered Dietition is offered to promote healthy eating habits and to increase awareness of the benefits of a balanced meal. (200,239 meals)

Program 2

Expenses: $1,891,875 Revenue: $111,209

Transportation Assistance Program: MVSC offers convenient, alternative transportation so that seniors continue to have the independence and freedom to engage in activities outside the home. Rides...

Transportation Assistance Program: MVSC offers convenient, alternative transportation so that seniors continue to have the independence and freedom to engage in activities outside the home. Rides include trips for medical visits, grocery stores, pharmacies, retail shopping, and other locations, and to and from Mae Volen sites in Boca Raton, Delray Beach, and Boynton Beach, and to congregate meal sites.(42,074 rides)

Program 3

Expenses: $5,240,146 Revenue: $114,042

Personal Social Services, General/Other: Provides a wide array of In-Home services and other supports including, but not limited to, companionship, house cleaning, bathing, dressing, meal...

Personal Social Services, General/Other: Provides a wide array of In-Home services and other supports including, but not limited to, companionship, house cleaning, bathing, dressing, meal preparation, counseling, and relief for caregivers. (150,940 hours of service)

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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 $9,668,190

Program Service Revenue $1,057,555

Investment Income $812,847

Other Revenue $222,521

TOTAL REVENUE $11,761,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,024,717

Fundraising Expenses $20,831

Program Expenses $10,815,387

Other Expenses $7,290,513

TOTAL EXPENSES $11,336,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,761,113	$10,234,341	+0.1%
Expenses	$11,336,061	$10,476,453	+0.1%
Net Income	$425,052	$-242,112	-2.8%

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

$329,900

Total Directors

Key Employees

$510,312

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth L Lugo	President	40	Officer Key Emp Highest	$268,605	$61,295	$329,900
Ita May Hill	CFO	40	Key Emp Highest	$145,078	$35,334	$180,412
Elizabeth Schlacher	Chief Administrative Officer	40	Highest	$118,375	$30,047	$148,422
Jared Policano	Senior Director of Operations	40	Highest	$122,338	$24,337	$146,675
Kimberly Lovito	Director Of Adult Services	40	Highest	$96,534	$26,008	$122,542
Cheryl Culp	Chairperson	1	Director	$0	$0	$0
Daniel Gewartowski	1st Vice Chairman	1	Director	$0	$0	$0
J C Perrin	2nd Vice Chairman	1	Director	$0	$0	$0
R Keith Walton	Treasurer	1	Director	$0	$0	$0
Judy Mollica	Secretary	1	Director	$0	$0	$0
Leo Phillips	Board Member	1	Director	$0	$0	$0
Lawrence J Miller	Board Member	1	Director	$0	$0	$0
Michael Indiviglio	Board Member	1	Director	$0	$0	$0
Eamonn Gunther	Board Member	1	Director	$0	$0	$0
John Weekes	Board Member	1	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
2025	$11,761,113	$11,336,061	$17,695,408	$425,052
2024	$10,234,341	$10,476,453	$16,985,477	$-242,112
2023	$10,869,780	$11,377,596	$16,938,933	$-507,816
2022	$9,257,100	$9,007,900	$17,425,288	$249,200
2021	$10,588,471	$8,874,180	$17,365,154	$1,714,291
2020	$7,527,594	$7,910,872	$15,649,507	$-383,278
2019	$7,580,880	$7,998,643	$15,130,284	$-417,763
2018	$7,988,626	$8,109,985	$15,558,142	$-121,359