OPTIMUM ADULT DAY SERVICES

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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

2016

Legal Domicile

Principal Officer

CHARLES O KEROBO

Phone

3133506142

Tax Period

2023-01-01 to 2023-12-31

OPTIMUM ADULT DAY SERVICES, founded in 2016, is a micro nonprofit in the Human Services sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE CORPORATION SEEKS TO ADVANCE THE HEALTH OF THE COMMUNITY AND PROMOTE SOCIAL WELFARE BY PROVIDING QUALITY CARE FOR SENIORS AND FUNCTIONALLY IMPAIRED ADULTS THROUGH IMPLEMENTATION OF A COMPREHENSIVE PROGRAM OF WELLNESS COUNSELING AND EDUCATION COUPLED WITH RECREATIONAL AND SOCIALIZATION ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $36,948

TO ADVANCE THE HEALTH OF THE COMMUNITY AND THE PROMOTION OF SOCIAL WELFARE FOR SENIORS AND IMPAIRED ADULTS THROUGH WELLNESS COUNSELING, EDUCATION AND RECREATION.

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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 $46,590

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,948

Other Expenses $66,122

TOTAL EXPENSES $66,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,590	$109,674	-0.6%
Expenses	$66,122	$27,536	+1.4%
Net Income	$-19,532	$82,138	-1.2%

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

N/A

Volunteers

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
CHARLES O KEROBO	PRESIDENT	32.00	Officer Director	$0	$0	$0
CHARLES OGBEIFUN	SECRETARY	1.00	Officer Director	$0	$0	$0
JEANNE RAMADHANI	TREASURER	1.00	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
2023	$46,590	$66,122	$646,234	$-19,532
2022	$109,674	$27,536	$665,766	$82,138
2021	$98,745	$995	$583,628	$97,750