GAINESVILLE 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

2000

Legal Domicile

Principal Officer

STEVE WATHEN

Phone

6142061303

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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

Program Service Accomplishments

Program 1

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...

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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 $0

Program Service Revenue $0

Investment Income $11,600

Other Revenue $0

TOTAL REVENUE $11,600

Expense Breakdown

Grants Paid $198,508

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,508

Other Expenses $0

TOTAL EXPENSES $198,508

Year-over-Year Comparison

	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%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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