SERVING OLDER ADULTS OF SOUTHEAST WISCONSIN INC (EIN 830637217) - 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

2018

Legal Domicile

Principal Officer

CATHY WOOD

Phone

4147043343

Tax Period

2024-01-01 to 2024-12-31

SERVING OLDER ADULTS OF SOUTHEAST WISCONSIN INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF SERVING OLDER ADULTS OF SOUTHEAST WISCONSIN IS TO PROVIDE OPPORTUNITIES AND SERVICES TO ADULTS 50 AND BETTER. WE HAVE BEEN IN EXISTENCE SINCE 2018, BUT THE FIVE SENIOR CENTERS WE MANAGE AND PROGRAMMING WE OVERSEE HAS PLAYED AN IMPORTANT ROLE IN MILWAUKEE COUNTY FOR OVER 40 YEARS. OUR PROGRAMMING INCORPORATES THE EIGHT DIMENSIONS OF WELLNESS - EMOTIONAL, PHYSICAL, OCCUPATIONAL, SOCIAL, SPIRITUAL, INTELLECTUAL, ENVIRONMENTAL, AND FINANCIAL. WE ALSO SERVE AS DINING SITES UNDER THE OLDER AMERICAN'S ACT FEDERAL PROGRAM TO HELP COMBAT FOOD INSECURITY. WE STRIVE TO PROVIDE PROACTIVE AND POSITIVE APPROACHES TO AGING AND HELP OLDER ADULTS MAINTAIN OPTIMAL HEALTH AND INDEPENDENCE FOR AS LONG AS POSSIBLE.

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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 $1,922,676

Program Service Revenue $53,747

Investment Income $749

Other Revenue $87,937

TOTAL REVENUE $2,065,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,455,095

Fundraising Expenses $157,510

Program Expenses $1,718,112

Other Expenses $627,345

TOTAL EXPENSES $2,082,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,065,109	$1,767,469	+0.2%
Expenses	$2,082,440	$1,786,608	+0.2%
Net Income	$-17,331	$-19,139	-0.1%

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

Volunteers

282

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

$118,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY WOOD	PRESIDENT/CEO	40.00	Officer	$118,082	$0	$118,082
JORDAN LUHR	CHAIR	1.00	Officer Director	$0	$0	$0
JAMI BURRELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE MARES	TREASURER	1.00	Officer Director	$0	$0	$0
BRIDGETTE FROMMELL	SECRETARY	1.00	Officer Director	$0	$0	$0
MINDY ANDERSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
JOHNNY GARDETTO	DIRECTOR	1.00	Director	$0	$0	$0
JIM SHERIDAN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA STAUBER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES WOODWARD	DIRECTOR	1.00	Director	$0	$0	$0
NITA FARROW	DIRECTOR	1.00	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
2024	$2,065,109	$2,082,440	$548,154	$-17,331
2023	$1,767,469	$1,786,608	$540,603	$-19,139
2022	$1,530,623	$1,612,185	$576,345	$-81,562
2021	$1,765,473	$1,339,327	$643,987	$426,146
2020	$1,341,131	$1,247,447	$244,497	$93,684
2019	$1,472,527	$1,413,512	$157,240	$59,015

SERVING OLDER ADULTS OF SOUTHEAST WISCONSIN INC