SALEM AREA SENIORS dba KEIZERSALEM… - Form 990 Financial Data

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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

HOY DANIEL JONES

Phone

5033907441

Tax Period

2023-07-01 to 2024-06-30

SALEM AREA SENIORS dba KEIZERSALEM AREA SENIORS INC, founded in 1968, is a small nonprofit in the Human Services sector that reported $144K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $131K left a modest 9% surplus.

Mission

THE ORGANIZATION PROVIDES PROGRAMS AND ACTIVITIES FOR SENIOR CITIZENS IN THE SALEM AREA TO MEET THEIR EDUCATIONAL, SOCIAL AND CULTURAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $125,474

SENIOR BREAKFAST AND LUNCH PROGRAMS PROVIDING NUTRITIOUS MEALS, THEREBY BENEFITTING THEIR HEALTH; SOCIAL ACTIVITIES FOR HEALTH, WELLNESS AND SOCIAL INTERACTION; MONTHLY NEWSLETTER EDUCATING SALEM...

SENIOR BREAKFAST AND LUNCH PROGRAMS PROVIDING NUTRITIOUS MEALS, THEREBY BENEFITTING THEIR HEALTH; SOCIAL ACTIVITIES FOR HEALTH, WELLNESS AND SOCIAL INTERACTION; MONTHLY NEWSLETTER EDUCATING SALEM AREA SENIOR CITIZENS ON HEALTH, FORTHCOMING SOCIAL ACTIVITIES, AND OTHER ISSUES RELEVANT TO THEIR NEEDS.

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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 $14,402

Program Service Revenue $50,412

Investment Income $43,213

Other Revenue $35,615

TOTAL REVENUE $143,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,474

Other Expenses $131,370

TOTAL EXPENSES $131,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,642	$104,925	+0.4%
Expenses	$131,370	$148,504	-0.1%
Net Income	$12,272	$-43,579	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY ZIEBART	Director	2.00	Director	$0	$0	$0
KARYL ALLEN	PAST PRESIDENT	35.00	Officer Director	$0	$0	$0
BARBARA POWELL	2ND VICE PRESID	35.00	Officer Director	$0	$0	$0
DIANNE PALMROSE	Secretary	8.00	Officer Director	$0	$0	$0
LINDA SHIPPEY	Treasurer	14.00	Officer Director	$0	$0	$0
JOHN WILSON	Director	4.00	Director	$0	$0	$0
HOY DANIEL JONES	President	24.00	Officer Director	$0	$0	$0
CARL HOPPE	Director	5.00	Director	$0	$0	$0
MANFRED HEINRICH	1ST VICE PRESID	20.00	Officer Director	$0	$0	$0
RON FRANDSEN	Director	9.00	Director	$0	$0	$0
PAT GEE	Director	35.00	Director	$0	$0	$0
ED WEBSTER	Director	4.00	Director	$0	$0	$0
STEVEN KETTERING	Director	8.00	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
2025	No data	No data	No data	No data
2024	$143,642	$131,370	$701,919	$12,272
2023	$104,925	$148,504	$708,297	$-43,579
2022	$76,607	$125,363	$734,109	$-48,756
2021	$45,776	$99,085	$814,983	$-53,309
2020	$137,607	$174,358	$839,486	$-36,751
2019	$187,072	$213,625	$878,739	$-26,553

SALEM AREA SENIORS dba KEIZERSALEM AREA SENIORS INC