FRIENDS OF THE SALEM SENIOR CENTER (EIN 943183802) - 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

1992

Legal Domicile

Principal Officer

KAREN BOLLIGER

Phone

5035886303

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE SALEM SENIOR CENTER, founded in 1992, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $322K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $283K left a modest 12% surplus.

Mission

THE PRINCIPAL PURPOSE IS TO PROVIDE SERVICES AND FUNDS FOR THE SALEM SENIOR CENTER FOR OPERATIONS, SUPPORT, MATERIALS, SERVICES, & CAPITAL IMPROVEMENTS.

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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 $240,485

Program Service Revenue $97,039

Investment Income $8,234

Other Revenue $-23,565

TOTAL REVENUE $322,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,565

Fundraising Expenses $17,095

Program Expenses $222,134

Other Expenses $264,641

TOTAL EXPENSES $283,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,193	$194,196	+0.7%
Expenses	$283,206	$226,761	+0.2%
Net Income	$38,987	$-32,565	-2.2%

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

465

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
KAREN BOLLIGER	President	2.00	Officer Director	$0	$0	$0
MARCIA ARSENAULT	Secretary	2.00	Officer Director	$0	$0	$0
KEN SIMILA	Director	1.00	Director	$0	$0	$0
LOIS STARK	Director	1.00	Director	$0	$0	$0
PENNY PUFFPAFF	Director	1.00	Director	$0	$0	$0
JUDI MAULDING	Director	1.00	Director	$0	$0	$0
BILLIE LARSON	Treasurer	2.00	Officer Director	$0	$0	$0
MARILYN DAILY	Director	1.00	Director	$0	$0	$0
LOUANNE WATSON	Vice President	2.00	Officer Director	$0	$0	$0
BETTIE WENNEVOLD	Director	1.00	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	$322,193	$283,206	$574,155	$38,987
2024	$194,196	$226,761	$481,309	$-32,565
2023	$394,572	$217,201	$471,034	$177,371
2021	$351,537	$369,316	$260,800	$-17,779
2019	$314,835	$259,286	$186,352	$55,549
2018	$324,825	$304,819	$115,989	$20,006

FRIENDS OF THE SALEM SENIOR CENTER