CORBIN SENIOR ACTIVITY CENTER (EIN 911001680) - 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

1968

Legal Domicile

Principal Officer

PAULA DAVIS

Phone

5098502636

Tax Period

2023-01-01 to 2023-12-31

CORBIN SENIOR ACTIVITY CENTER, founded in 1968, is a small nonprofit in the Human Services sector that reported $640K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

SENIOR ACTIVITY CENTER THAT PROVIDES MULTIGENERATIONAL PROGRAMS AND SERVICES THAT ENHANCE THE HEALTH, HAPPINESS AND WELLBEING OF INDIVIDUALS IN THE COMMUNITY.

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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 $315,013

Program Service Revenue $285,483

Investment Income $3,862

Other Revenue $35,666

TOTAL REVENUE $640,024

Expense Breakdown

Grants Paid $118,153

Salaries & Benefits $260,142

Fundraising Expenses $80,532

Program Expenses $324,378

Other Expenses $288,439

TOTAL EXPENSES $666,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$640,024	$836,044	-0.2%
Expenses	$666,734	$938,100	-0.3%
Net Income	$-26,710	$-102,056	-0.7%

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

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
BARBRA ANN BONNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN CHARBONNEAU	SECRETARY	4.00	Officer Director	$0	$0	$0
PAULA DAVIS	PRESIDENT (N	4.00	Officer Director	$0	$0	$0
JUDY HARASETH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOAN KENDALL	VICE PRESIDE	1.00	Director	$0	$0	$0
LORIN LOVE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCI O'CONNOR	SECRETARY	4.00	Officer Director	$0	$0	$0
TERESA PHILLIPS	BOARD MEMBER	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
2023	$640,024	$666,734	$828,604	$-26,710
2022	$836,044	$938,100	$846,073	$-102,056
2021	$259,773	$346,942	$1,106,922	$-87,169
2020	$201,816	$227,627	$1,140,599	$-25,811
2019	$321,697	$363,198	$1,157,964	$-41,501
2018	$365,701	$357,256	$1,175,020	$8,445

CORBIN SENIOR ACTIVITY CENTER