Bolivar County Council on Aging Inc (EIN 640589598) - 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

1975

Legal Domicile

Principal Officer

Lashonda Wilson

Phone

6628466161

Tax Period

2023-10-01 to 2024-09-30

Bolivar County Council on Aging Inc, founded in 1975, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

To provide safe, efficient and reliable passenger focused and cost effective transportation which enhances lives to allow people to live independently and with

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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 $2,317,949

Program Service Revenue $1,282,774

Investment Income $5,361

Other Revenue $3,488

TOTAL REVENUE $3,609,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,411,999

Fundraising Expenses $0

Program Expenses $2,235,323

Other Expenses $2,405,754

TOTAL EXPENSES $3,817,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,609,572	$4,011,575	-0.1%
Expenses	$3,817,753	$3,410,777	+0.1%
Net Income	$-208,181	$600,798	-1.3%

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

N/A

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

$82,605

Total Directors

$40,687

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beverly Johnson	Secretary/Treasurer	2.00	Director	$10,313	$0	$10,313
Larry Harkins	President	2.00	Director	$9,373	$0	$9,373
Henry Alexander	Member	2.00	Director	$11,601	$0	$11,601
John Calmese Jr	Member	2.00	Director	$9,400	$0	$9,400
LaShonda McKinney	Executive Director	40.00	Officer	$74,654	$7,951	$82,605

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	$3,609,572	$3,817,753	$3,000,576	$-208,181
2023	$4,011,575	$3,410,777	$3,165,089	$600,798
2022	$2,993,608	$3,182,181	$2,514,977	$-188,573
2020	$3,746,740	$3,294,071	$2,650,796	$452,669
2019	$3,016,490	$3,299,404	$1,839,796	$-282,914
2018	$3,059,051	$3,475,039	$2,154,796	$-415,988

Bolivar County Council on Aging Inc