DESOTO COUNCIL ON AGING INC (EIN 720720486) - 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

1971

Legal Domicile

Principal Officer

WAYNE GARLINGTON

Phone

3188723700

Tax Period

2024-07-01 to 2025-06-30

DESOTO COUNCIL ON AGING INC, founded in 1971, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $285K, a strong 18% operating margin.

Mission

THE ORGANIZATIONS PURPOSE IS AS FOLLOWS: THE PURPOSE OF THE COUNCIL IS TO COLLECT FACTS AND STATISTICS AND MAKE SPECIAL STUDIES OF CONDITIONS PERTAINING TO THE EMPLOYMENT, FINANCIAL

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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 $918,883

Program Service Revenue $133,156

Investment Income $0

Other Revenue $519,086

TOTAL REVENUE $1,571,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $643,209

Fundraising Expenses $0

Program Expenses $944,879

Other Expenses $642,663

TOTAL EXPENSES $1,285,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,571,125	$1,002,441	+0.6%
Expenses	$1,285,872	$1,083,734	+0.2%
Net Income	$285,253	$-81,293	-4.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VAN REECH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROY HUDSON	TREASURER	2.00	Officer	$0	$0	$0
HATTIE THOMAS	SECRETARY	2.00	Officer	$0	$0	$0
WAYNE GARLINGTON	PRESIDENT	2.00	Officer	$0	$0	$0
ARICK LASSITER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
SEKEITHRIN BUTLER	BOARD MEMBER	N/A	Director	$0	$0	$0
MILDRED JACOBS	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRISTO LANCASTER	BOARD MEMBER	N/A	Director	$0	$0	$0
LINDA SPIVEY	BOARD MEMBER	N/A	Director	$0	$0	$0
ROSEY FARRIS	BOARD MEMBER	N/A	Director	$0	$0	$0
HAZEL FLEMING	BOARD MEMBER	N/A	Director	$0	$0	$0
RAMONA ROCHELLE	BOARD MEMBER	N/A	Director	$0	$0	$0
VIRGINIA LONDON	BOARD MEMBER	N/A	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	$1,571,125	$1,285,872	$558,668	$285,253
2024	$1,002,441	$1,083,734	$415,731	$-81,293
2023	$981,668	$976,495	$434,129	$5,173
2022	$943,346	$1,091,936	$354,589	$-148,590
2021	$1,210,918	$1,068,152	$520,234	$142,766
2020	$1,066,626	$1,087,685	$469,149	$-21,059
2019	$955,252	$1,090,200	$382,611	$-134,948

DESOTO COUNCIL ON AGING INC