CENTER FOR ELDERS' INDEPENDENCE INC

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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

1989

Legal Domicile

Principal Officer

LAURA HOLDEN

Phone

5104331150

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR ELDERS' INDEPENDENCE INC, founded in 1989, is a major nonprofit in the Human Services sector that reported $170.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $146.8M left a modest 14% surplus.

Mission

PROVIDE HIGH QUALITY, AFFORDABLE, INTEGRATED HEALTH SERVICES TO THE ELDERLY, WHICH PROMOTE AUTONOMY, QUALITY OF LIFE, AND THE ABILITY OF INDIVIDUALS TO LIVE IN THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $138,901,636 Revenue: $162,975,712

THE ELDERLY CARE SERVICES PROVIDED ARE IN ACCORDANCE WITH THE PACE REGULATIONS, A FEDERAL PROGRAM AND AN OPTIONAL MEDICAL BENEFIT. PACE IS AN ACRONYM FOR 'PROGRAM OF ALL-INCLUSIVE CARE FOR THE...

THE ELDERLY CARE SERVICES PROVIDED ARE IN ACCORDANCE WITH THE PACE REGULATIONS, A FEDERAL PROGRAM AND AN OPTIONAL MEDICAL BENEFIT. PACE IS AN ACRONYM FOR 'PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY'. CEI ASSUMES FULL RISK FOR AND DIRECTLY PROVIDES OR CONTRACTS TO PROVIDE THE FULL BENEFITS TO WHICH INDIVIDUALS ARE ENTITLED UNDER MEDICARE AND MEDICAL PROGRAMS, INCLUDING BUT NOT LIMITED TO PRIMARY CARE, SPECIALTY CARE, ACUTE AND SKILLED NURSING FACILITY CARE, DAY CARE, SKILLED NURSING HOME HEALTH VISITS, NON-NURSING HOME CARE, TRANSPORTATION, MEALS, SOCIAL AND PSYCHOSOCIAL SERVICES. DURING THE YEAR ENDING JUNE 30TH, 2025, CEI SERVED AN AVERAGE OF 1,383 ENROLLED MEMBERS.

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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 $557,500

Program Service Revenue $162,975,712

Investment Income $6,578,369

Other Revenue $57,540

TOTAL REVENUE $170,169,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,350,521

Fundraising Expenses $416,967

Program Expenses $138,901,636

Other Expenses $97,409,115

TOTAL EXPENSES $146,759,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,169,121	$148,873,209	+0.1%
Expenses	$146,759,636	$124,541,801	+0.2%
Net Income	$23,409,485	$24,331,408	0.0%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

498

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

$1,952,954

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLORENCE RASKIN	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL HARRIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL SMART	PAST CHAIR	1.00	Officer Director	$0	$0	$0
CHIP CONRADI	TREASURER	1.00	Officer Director	$0	$0	$0
MARTY LYNCH	SECRETARY	1.00	Officer Director	$0	$0	$0
CAITLIN CHAN	DIRECTOR	1.00	Director	$0	$0	$0
SHARON CORNU	DIRECTOR	1.00	Director	$0	$0	$0
AMY KIMMEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LINDEMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANCEL ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
MAIKA STOLL	DIRECTOR	1.00	Director	$0	$0	$0
MARIA ELENA ZAMORA	PRESIDENT/CEO	40.00	Officer	$512,092	$43,706	$555,798
JAMES MITTELBERGER	CHIEF MEDICAL OFFICER	40.00	Officer	$410,197	$26,955	$437,152
LAURA HOLDEN	CHIEF FINANCIAL OFFICER	40.00	Officer	$365,784	$46,398	$412,182
ROBERT SCOTT	CHIEF HR OFFICER	40.00	Officer	$328,746	$21,004	$349,750
THOMAS HYLAND	FOUNDATION EXECUTIVE DIRECTOR	20.00	Officer	$92,811	$12,450	$198,072
RAYMOND ROQUE	REGIONAL MEDICAL DIRECTOR	40.00	Highest	$352,914	$3,450	$356,364
LINCOLN SISON	REGIONAL MEDICAL DIRECTOR	40.00	Highest	$335,094	$18,270	$353,364
RACHEL FOGEL	PRIMARY CARE PHYSICIAN	40.00	Highest	$301,472	$20,205	$321,677
AMARJIT DHILLON	CHIEF INFORMATION OFFICER	40.00	Highest	$280,235	$21,756	$301,991
DESIREE ARRETZ	PRIMARY CARE PHYSICIAN	40.00	Highest	$284,412	$16,852	$301,264

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	$170,169,121	$146,759,636	$280,784,761	$23,409,485
2024	$148,873,209	$124,541,801	$243,661,392	$24,331,408
2023	$127,967,955	$103,513,955	$204,699,204	$24,454,000
2022	$110,881,645	$88,004,731	$163,334,060	$22,876,914
2021	$95,941,131	$80,484,653	$148,157,639	$15,456,478
2020	$86,372,308	$77,306,046	$120,957,275	$9,066,262
2019	$79,369,437	$69,390,901	$103,766,397	$9,978,536
2018	$77,085,838	$60,021,358	$90,187,304	$17,064,480