Center for Better Aging

EIN: 921433646 501(c)(3) Health Care

Chicago, IL

Total Revenue
$10,407,624
Total Expenses
$10,407,624
Total Assets
$18,031,183
Net Assets
N/A
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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
2022
Legal Domicile
IL
Principal Officer
Estrelitta Harmon
Phone
7737311300
Tax Period
2023-01-01 to 2023-12-31

Center for Better Aging, founded in 2022, is a mid-sized nonprofit in the Health Care sector that reported $10.4M in total revenue in fiscal year 2023.

Mission

CBA offers primary and specialty care, an emergency department certified for care of older adults, advanced diagnostics, geriatric pharmacy and much more.

Program Service Accomplishments

Program 1
Expenses: $7,458,643 Revenue: $10,407,624

HTC Program- Created an unprecedented and uninterrupted continuity of care among hospitals, out-patient care, the social service network and community residents.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,407,624
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,407,624

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,927
Fundraising Expenses $0
Program Expenses $7,458,643
Other Expenses $10,296,697
TOTAL EXPENSES $10,407,624

Year-over-Year Comparison

2023 2022 Change
Revenue $10,407,624 N/A N/A
Expenses $10,407,624 N/A N/A
Net Income $0 $0 N/A
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
5
Independent Members
4
Employees
4
Volunteers
N/A

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
4
$29,231
Total Directors
4
$29,231
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Holland Board President 1.00
Officer Key Emp
$0 $0 $0
Terrance Walless Board Secretary 1.00
Officer Director
$0 $0 $0
Dr Joseph West Finance Chair 1.00
Officer Director
$0 $0 $0
Nyla Diab Director 1.00
Director
$0 $0 $0
Estrelitta Harmon Executive Director 40.00
Officer Director
$29,231 $0 $29,231
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 No data No data No data No data
2023 $10,407,624 $10,407,624 $18,031,183 No data
2023 $10,407,624 $10,407,624 $18,031,183 No data
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