Polack Adult Day Center (EIN 911154902) - 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

1981

Legal Domicile

Principal Officer

Jeffrey Cohen

Phone

2067258800

Tax Period

2024-01-01 to 2024-12-31

Polack Adult Day Center, founded in 1981, is a micro nonprofit in the Human Services sector that reported $42K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8K, a strong 19% operating margin.

Mission

Provides day care facilities, meals, health monitoring, recreational and social activities for senior adults.

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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 $25,689

Program Service Revenue $16,777

Investment Income $0

Other Revenue $0

TOTAL REVENUE $42,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $677

Fundraising Expenses $0

Program Expenses $31,510

Other Expenses $33,687

TOTAL EXPENSES $34,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,466	$53,186	-0.2%
Expenses	$34,364	$53,457	-0.4%
Net Income	$8,102	$-271	-30.9%

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

N/A

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

$1,460,252

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Cohen	CEO	0.40	Officer	$0	$65,540	$883,634
Tracey Groscost	CFO	0.40	Officer	$0	$10,660	$369,064
Erin Sheridan	CCO & Gen Cous.	0.40	Officer	$0	$13,656	$207,554
Robert Simon	Chair	0.50	Officer Director	$0	$0	$0
Jay Riffkin	Vice Chair	0.50	Officer Director	$0	$0	$0
Barbara Sulman	Vice Chair	0.50	Officer Director	$0	$0	$0
Marc Bridge	Vice Chair	0.50	Officer Director	$0	$0	$0
Jack Almo	Treasurer	0.50	Officer Director	$0	$0	$0
Irene Fisher	Secretary	0.50	Officer Director	$0	$0	$0
Emily Alhadeff	Director	0.25	Director	$0	$0	$0
Jeanie Alhadeff	Director	0.25	Director	$0	$0	$0
David Benoliel	Director	0.25	Director	$0	$0	$0
Michael Cohen	Director	0.25	Director	$0	$0	$0
Lynn Dubey	Director	0.25	Director	$0	$0	$0
David Rain	Director	0.25	Director	$0	$0	$0
Barry Goren	Director	0.25	Director	$0	$0	$0
Mark Kane	Director	0.25	Director	$0	$0	$0
Thomas Leavitt	Director	0.25	Director	$0	$0	$0
Alvin Martin	Director	0.25	Director	$0	$0	$0
Rabbi James Mirel	Director	0.25	Director	$0	$0	$0
Michael Morgan	Director	0.25	Director	$0	$0	$0
Jeff Piha	Director	0.25	Director	$0	$0	$0
Brian Quint	Director	0.25	Director	$0	$0	$0
Ari Robicsek	Director	0.25	Director	$0	$0	$0
Douglas Rosen	Director	0.25	Director	$0	$0	$0
David Shapiro	Director	0.25	Director	$0	$0	$0
Allan Steinman	Director	0.25	Director	$0	$0	$0
Doug Wiviott	Director	0.25	Director	$0	$0	$0
Elana Zana	Director	0.25	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	$42,466	$34,364	$71,729	$8,102
2023	$42,402	$42,135	$61,782	$267
2022	$53,186	$53,457	$61,515	$-271
2021	$65,720	$71,239	$62,373	$-5,519
2020	$116,663	$125,035	$67,441	$-8,372
2019	$262,832	$264,425	$75,793	$-1,593
2018	$284,568	$286,531	$77,350	$-1,963

Polack Adult Day Center