AREA AGENCY ON AGING OF WESTERN AR… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

JENNIFER HALLUM

Phone

4797834500

Tax Period

2023-01-01 to 2023-12-31

AREA AGENCY ON AGING OF WESTERN ARKANSAS, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $10.5M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

TO PROVIDE COMPREHENSIVE AND COORDINATED PROGRAMS FOR THE ELDERLY IN COUNTIES OF ARKANSAS AND OKLAHOMA.

Program Service Accomplishments

Program 1

Expenses: $1,767,774 Revenue: $523,175

TRANSPORTATION - PROVIDING TRANSPORTATION AND HOME DELIVERED MEALS FOR THE ELDERLY

Program 2

Expenses: $1,679,037 Revenue: $527,925

HOSPICE CARE - ASSISTANCE FOR TERMINALLY ILL PATIENTS AND FAMILIES AT HOME BY A LICENSED NURSE, NURSE AIDES, VOLUNTEERS, SOCIAL WORKERS AND CLERGY MEMBERS.

Program 3

Expenses: $3,108,212

AGING SERVICES - PROVIDING MEALS AND OTHER AGING SERVICES TO SENIORS.

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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 $3,718,584

Program Service Revenue $6,107,266

Investment Income $370,519

Other Revenue $262,356

TOTAL REVENUE $10,458,725

Expense Breakdown

Grants Paid $2,551,554

Salaries & Benefits $5,172,016

Fundraising Expenses $0

Program Expenses $8,694,022

Other Expenses $2,792,912

TOTAL EXPENSES $10,516,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,458,725	$12,882,878	-0.2%
Expenses	$10,516,482	$11,985,746	-0.1%
Net Income	$-57,757	$897,132	-1.1%

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

192

Volunteers

224

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

$167,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
TR MCNUTT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHILIP H MERRY JR	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ROBERT HERRERA	DIRECTOR	1.00	Director	$0	$0	$0
DOUG KINSLOW	DIRECTOR	1.00	Director	$0	$0	$0
JAKE SIBLEY	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RICKY R GREEN	DIRECTOR	1.00	Director	$0	$0	$0
CANDICE SETTLE	DIRECTOR	1.00	Director	$0	$0	$0
JIM PETTY	DIRECTOR	1.00	Director	$0	$0	$0
MONT SAGELY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MCGILL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HALLUM	CEO	40.00	Officer	$136,824	$30,657	$167,481

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	$10,458,725	$10,516,482	$10,356,847	$-57,757
2023	No data	No data	No data	No data
2022	$12,882,878	$11,985,746	$10,133,088	$897,132
2021	$13,418,784	$12,458,148	$8,584,407	$960,636
2020	$17,464,079	$13,997,736	$7,386,346	$3,466,343
2019	$13,965,546	$16,929,612	$4,166,920	$-2,964,066
2018	$25,833,195	$27,050,147	$7,354,732	$-1,216,952

AREA AGENCY ON AGING OF WESTERN ARKANSAS