HILLIARD, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GAINESVILLE COUNCIL ON AGING INC, founded in 2000, is a micro nonprofit in the Human Services sector that reported $12K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $199K exceeded revenue, resulting in a 1611% operating deficit.
TO ASSIST, ENCOURAGE AND PROMOTE THE WELL BEING OF AGING INDIVIDUALS, REGARDLESS OF RACE, COLOR OR CREED, THROUGH ANY ONE OF THE FOLLOWING MEANS THE CARE AND ASSISTANCE OF THE SICK, NEEDY AND DISABLED, INCLUDING THE OPERATION OF HEALTH CARE FACILITIES, THE PROMOTION OF PUBLIC HEALTH AND RECREATION, THE ADVANCEMENT OF EDUCATION AND DISSEMINATION OF KNOWLEDGE, THE FUTHERANCE OF RESEARCH FOR THE ADVANCEMENT OF KNOWLEDGE AND THE ALLEVIATION OF SUFFERING . IN 2018 THE ORGANIZATION SOLD ITS ONLY NURSING HOME FACILITY IN GAINESVILLE FLORIDA INCLUDING THE TANGIBLE ASSETS. THE ONLY REMAINING ASSET WAS LAND. THE LAND WAS SOLD IN 2021 AND WAS REPORTED ON THE 2021 U.S. RETURN. . THE ORGANIZATION IS COLLECTING A NOTE FROM THE SALE OF THE ASSET. THE PROCEEDS FROM THE COLLECTION OF THE NOTE WILL BE USED TO SUPPORT OTHER IRC501(C)(3) ORGANIZATIONS IN FURTHERANCE OF THE STATED MISSION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,600 | $48,000 | -0.8% |
| Expenses | $198,508 | $65,156 | +2.0% |
| Net Income | $-186,908 | $-17,156 | +9.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PAT OCARROLL | BOARD MEMBER | N/A |
Director
|
$0 | $0 | $0 |
| STEVE WATHEN | BOARD MEMBER | N/A |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $11,600 | $198,508 | $98,320 | $-186,908 |
| 2023 | $48,000 | $65,156 | $285,228 | $-17,156 |
| 2022 | $12,000 | $114,622 | $302,384 | $-102,622 |
| 2021 | $-2,956,794 | $42,039 | $405,006 | $-2,998,833 |
| 2020 | No data | No data | $3,403,839 | No data |
| 2018 | $6,715,289 | $7,833,761 | $3,403,839 | $-1,118,472 |
Compare GAINESVILLE COUNCIL ON AGING INC with other nonprofits in Ohio and across the country.