COASTSIDE ADULT DAY HEALTH CENTER (EIN 942935784) - 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

1982

Legal Domicile

Principal Officer

KATHY GRENNAN

Phone

6507265067

Tax Period

2024-07-01 to 2025-06-30

COASTSIDE ADULT DAY HEALTH CENTER, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 13% surplus.

Mission

SINCE THE INCEPTION IN 1982, THE CENTER'S MISSION IS TO KEEP PEOPLE AS HEALTHY, ACTIVE AND INDEPENDENT AS POSSIBLE, WHEN ADVANCING YEARS OF PHYSICAL/ MENTAL CONDITIONS CALL FOR EXTRA CARE AND ATTENTION. THE CENTER OFFERS A STRUCTURED DAY HEALTH PROGRAM FOR THE FRAIL/ ELDERLY.

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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 $804,759

Program Service Revenue $812,120

Investment Income $122,230

Other Revenue $99,221

TOTAL REVENUE $1,838,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,186,865

Fundraising Expenses $140,401

Program Expenses $1,132,270

Other Expenses $405,401

TOTAL EXPENSES $1,592,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,838,330	$1,079,784	+0.7%
Expenses	$1,592,266	$1,470,655	+0.1%
Net Income	$246,064	$-390,871	-1.6%

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

$270,062

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB PELIKAN	BOARD MEMBER	10.00	Director	$0	$0	$0
MIKE SERDY	VP/CEO	6.00	Officer Director	$0	$0	$0
SUE HECKMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
CHAD HOOKER	PRESIDENT	10.00	Officer Director	$0	$0	$0
PAUL MINOLETTI	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM HENDERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANK BESNYI	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS BESNYI	BOARD MEMBER	2.00	Director	$0	$0	$0
JANIE JAMES RN	EXECUTIVE DIRECTOR	40.00	Officer	$164,292	$2,483	$166,775
KATHY GRENAN	FISCAL OFFICER	40.00	Officer	$103,287	$0	$103,287

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	$1,838,330	$1,592,266	$3,693,426	$246,064
2024	$1,079,784	$1,470,655	$3,412,415	$-390,871
2023	$1,326,165	$1,503,018	$3,790,117	$-176,853
2022	$1,367,534	$1,193,609	$3,913,421	$173,925
2021	$1,317,199	$905,338	$4,034,844	$411,861
2020	$951,693	$1,206,621	$3,506,426	$-254,928
2019	$1,689,068	$1,198,166	$3,612,038	$490,902
2018	$1,034,932	$1,073,022	$3,108,622	$-38,090

COASTSIDE ADULT DAY HEALTH CENTER