WESTERN RESERVE AREA AGENCY ON AGING FOUNDATION (EIN 821317285) - 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

2017

Legal Domicile

Principal Officer

CHRISTOPHER HALL

Phone

2166218010

Tax Period

2023-01-01 to 2023-12-31

WESTERN RESERVE AREA AGENCY ON AGING FOUNDATION, founded in 2017, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $91K in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $113K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE FOUNDATION SUPPORTS THE PROGRAMS OF WESTERN RESERVE AREA AGENCY ON AGING OF CLEVELAND, OHIO, A TAX-EXEMPT CHARITY. THE FOUNDATION IS A SUPPORTING ORGANIZATION, ORGANIZED TO OPERATE FOR THE BENEIFT OF, AND PERFORM THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF THE WESTERN RESERVE AREA AGENCY ON AGING. THE THREE CORE PILLARS OF THE FOUNDATION ARE FOOD INSECURITY, INDEPENDENT LIVING, AND SENIOR SUPPORTS.

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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 $15,845

Program Service Revenue $0

Investment Income $74,830

Other Revenue $0

TOTAL REVENUE $90,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,452

Fundraising Expenses $0

Program Expenses $98,370

Other Expenses $28,996

TOTAL EXPENSES $113,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,675	$49,702	+0.8%
Expenses	$113,448	$99,647	+0.1%
Net Income	$-22,773	$-49,945	-0.5%

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

$846,556

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM THOMAS III ESQ	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK A WEGLARZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SPENCER KLINE III ESQ	TREASURER	1.00	Officer Director	$0	$0	$0
GERALDINE FINEBERG-SIEGAL	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW JACKSON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
E DOUGLAS BEACH	CEO	2.00	Officer	$0	$51,289	$485,742
CHRISTOPHER T HALL	CFO	2.00	Officer	$0	$42,785	$360,814

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	$90,675	$113,448	$3,018,695	$-22,773
2022	$49,702	$99,647	$2,786,708	$-49,945
2021	$60,487	$60,487	$1,032,408	No data
2020	$43,547	$177,282	$1,011,422	$-133,735
2019	$55,601	$18,230	$1,043,913	$37,371

WESTERN RESERVE AREA AGENCY ON AGING FOUNDATION