SENIOR SERVICES SUPPORT CORP

EIN: 920374618 501(c)(3) Human Services

WINSTONSALEM, NC

Total Revenue
$118,905
Total Expenses
$763,928
Total Assets
$19,043,302
Net Assets
$-663,654
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NC
Principal Officer
T LEE COVINGTON
Phone
3367250907
Tax Period
2024-07-01 to 2025-06-30

SENIOR SERVICES SUPPORT CORP, founded in 2022, is a small nonprofit in the Human Services sector that reported $119K in total revenue in fiscal year 2024. Expenses of $764K exceeded revenue, resulting in a 542% operating deficit.

Mission

TO SUPPORT SENIOR SERVICES, INC. BY PERFORMING ITS CHARITABLE FUNCTIONS AND CARRYING OUT ITS CHARITABLE PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $584,688 Revenue: $118,905

TO SUPPORT SENIOR SERVICES, INC. BY PROVIDING IT SPACE TO PERFORM ITS CHARITABLE FUNCTIONS AND CARRY OUT ITS CHARITABLE PURPOSES.

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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 $0
Program Service Revenue $118,905
Investment Income $0
Other Revenue $0
TOTAL REVENUE $118,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $6,934
Program Expenses $584,688
Other Expenses $763,928
TOTAL EXPENSES $763,928

Year-over-Year Comparison

2024 2023 Change
Revenue $118,905 N/A N/A
Expenses $763,928 $18,404 +40.5%
Net Income $-645,023 $-18,404 +34.0%
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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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$245,021
Total Directors
6
$245,021
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
T LEE COVINGTON PRESIDENT AN 1.00
Officer Director
$0 $32,485 $245,021
CORLIS SELLARS-DRUMMOND BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS CHAPMAN CHAIR 1.00
Officer Director
$0 $0 $0
DR DONOVAN LIVINGSTON VICE CHAIR 1.00
Officer Director
$0 $0 $0
DR RAMON VELEZ TREASURER 1.00
Officer Director
$0 $0 $0
REGINA HALL SECRETARY 1.00
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
2025 $118,905 $763,928 $19,043,302 $-645,023
2024 No data $18,404 $19,680,825 No data
2023 No data $227 $20,945,413 No data
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