THE AGE FRIENDLY FOUNDATION INC

EIN: 833954823 501(c)(3) Human Services

WALTHAM, MA

Total Revenue
$287,753
Total Expenses
$12,395
Total Assets
$8,952
Net Assets
$8,552
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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
2019
Legal Domicile
MA
Principal Officer
TIMOTHY DRIVER
Phone
7818014487
Tax Period
2024-01-01 to 2024-12-31

THE AGE FRIENDLY FOUNDATION INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $288K in total revenue in fiscal year 2024. Revenue surged 805% from the prior year, signaling strong growth momentum. The organization ran a surplus of $275K, a strong 96% operating margin.

Mission

TO FUEL INNOVATION THAT MAKES AGING EASIER THROUGH EDUCATION, RESEARCH, SUPPORT, AND ADVOCACY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,650
Program Service Revenue $11,120
Investment Income $0
Other Revenue $274,983
TOTAL REVENUE $287,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,500
Other Expenses $12,395
TOTAL EXPENSES $12,395

Year-over-Year Comparison

2024 2023 Change
Revenue $287,753 $31,787 +8.1%
Expenses $12,395 $604,174 -1.0%
Net Income $275,358 $-572,387 -1.5%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$675
Total Directors
2
$675
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN LOWE TREASURER/CLERK 5.00
Officer Director
$675 $0 $675
TIMOTHY DRIVER PRESIDENT 35.00
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
2024 $287,753 $12,395 $8,952 $275,358
2023 $31,787 $604,174 $24,121 $-572,387
2022 $34,767 $592,657 $349,610 $-557,890
2021 $322,375 $468,513 $1,239,305 $-146,138
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