ALDERSGATE LIFE PLAN SERVICES 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

2016

Legal Domicile

Principal Officer

SUZANNE H PUGH

Phone

7045327000

Tax Period

2022-01-01 to 2022-12-31

ALDERSGATE LIFE PLAN SERVICES INC, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2022. Revenue surged 4126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 49% operating margin.

Mission

WE HONOR ELDERS, ALL ELDERS, AND ARE COMMITTED TO CREATING AND FOSTERING DIVERSE, CARING COMMUNITIES WHERE EVERYONE HAS A VOICE AND VALUE.

Program Service Accomplishments

Program 1

Expenses: $2,964,062 Revenue: $5,834,097

ALDERSGATE LIFE PLAN SERVICES, INC. PROVIDES DEVELOPMENT AND MANAGEMENT SERVICES INCLUDING OVERSIGHT, HUMAN RESOURCES, FINANCE, INFORMATION TECHNOLOGY, COMMUNITY ENGAGEMENT AND MARKETING TO ITS...

ALDERSGATE LIFE PLAN SERVICES, INC. PROVIDES DEVELOPMENT AND MANAGEMENT SERVICES INCLUDING OVERSIGHT, HUMAN RESOURCES, FINANCE, INFORMATION TECHNOLOGY, COMMUNITY ENGAGEMENT AND MARKETING TO ITS RELATED PARTIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $11,099

Program Service Revenue $5,834,097

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,845,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,479,575

Fundraising Expenses $0

Program Expenses $2,964,062

Other Expenses $484,487

TOTAL EXPENSES $2,964,062

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,845,196	$138,330	+41.3%
Expenses	$2,964,062	$3,013,025	0.0%
Net Income	$2,881,134	$-2,874,695	-2.0%

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

N/A

Independent Members

N/A

Employees

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

$394,758

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA PAT G GARRETT	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT VAUGHN JR	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JEAN GOSSETT	BOARD DIRECTOR	1.00	Director	$0	$0	$0
OTTO HARRIS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LAWING JR	BOARD DIRECTOR	1.00	Director	$0	$0	$0
FRED LONGIETTI	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BILLY MADDALON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCKANE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SPRINGS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
IRENE VOGELSONG	BOARD DIRECTOR	1.00	Director	$0	$0	$0
STANLEY WATKINS	PAST CHAIR	1.00	Director	$0	$0	$0
MARY WILSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE PUGH	CEO	36.00	Officer	$273,086	$12,362	$285,448
JEFFREY WEATHERHEAD	CHIEF OPERATING OFFICER	36.00	Officer	$106,380	$2,930	$109,310
BORIS HENDERSON	CHIEF STRATEGIC OFFICER	36.00	Highest	$128,832	$2,577	$131,409
MARILYN K HENDRICK	CHIEF HR OFFICER	36.00	Highest	$141,968	$6,544	$148,512
TOM RILEY	SENIOR DIRECTOR OF FINANCE	36.00	Highest	$145,410	$9,094	$154,504
CAROLA HERRERA CARDENAS	CHIEF DIVERSITY INCLUSION AND EQUITY OFFICER	36.00	Highest	$113,179	$14,321	$127,500
RYAN HAYLOCK	CIO	36.00	Highest	$152,831	$12,409	$165,240

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	No data	No data	No data	No data
2022	$5,845,196	$2,964,062	$170,701	$2,881,134
2021	$138,330	$3,013,025	$512,670	$-2,874,695
2020	$2,010,820	$3,061,569	$560,104	$-1,050,749