Aging Services for Communities EIN 20-1939963

Aging Services for Communities

EIN  20-1939963 Public charity (501(c)(3)) Montgomery, MN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Helps elderly, frail, and disabled residents in Le Sueur and surrounding counties.
Leadership
Mary Simon · Secretary
Money in and out
$995K revenue, $929K expenses
Bottom line
82% program efficiency

Helps elderly, frail, and disabled residents in Le Sueur and surrounding counties. For fiscal year 2024 it reported $995K in revenue, $929K in expenses, and $558K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$995K
Pt VIII · Ln 12
Total expenses
$929K
Pt IX · Ln 25
Net assets
$558K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▲ +17% vs prior filing year
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +65% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$995K
FY2024▲ +24%
Expenses
$929K
FY2024▲ +21%
Total assets
$558K
FY2024▲ +13%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$995K
Pt VIII · Ln 12
Total expenses
$929K
Pt IX · Ln 25
Net assets
$558K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$558K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $760K of program spending, described in the organization's own filed words · FY2024.
01

Provide homemaker services (home management) to individuals who are physically capable of overseeing their physical and personal care but, who need some help from time to time and full-time caregivers for families with disabled family members by providing light housework and help with small tasks around their homes.

$448Kprogram expense
02

Providing transportation to individuals living independently who need a ride to and from medical appointments, but are unable to drive.

$311Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAging Services for Communities
EINHdr · item D20-1939963
Principal addressHdr · item CMontgomery, MN
WebsiteHdr · item Jaging-services.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P44)
Ruling yearIRS BMFOct 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Karen Hiscox’s $80K as Director is at the 72nd percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Program service revenue$872K · 88%
Contributions & grants$106K · 11%
Investment income$16K · 2%
Program service revenue88%$872K
Contributions & grants11%$106K
Investment income2%$16K
— government grantsLn 1e$58K
Total revenueLn 12$995K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$760K
Management & general18%$170K
Total functional expensesLn 25$929K

Balance Sheet

Part X · end of year
CashLn 1$558K
Total assetsLn 16$558K
Total liabilitiesLn 26$0
Total net assetsLn 32$558K
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $558K · Operating expenses/yr $929K
7.2 months
Where the money goes
Program services
Program services $760K · Total expenses $929K
82%
Management & General
Management & general $170K · Total expenses $929K
18%
Fundraising
Fundraising $0 · Total expenses $929K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $191K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $106K · Total revenue $995K
11%
Government reliance
Government grants $58K · Total revenue $995K
6%
Earned-income share
Program service revenue $872K · Total revenue $995K
88%
Investment reliance
Investment income $16K · Total revenue $995K
+2%
Program self-sufficiency
Program service revenue $872K · Total expenses $929K
94%
Growth & trend
Revenue growth (YoY)
This year $995K · Prior year $799K
+24%
Revenue CAGR
FY2020 $747K · FY2024 $995K
+7%
Net-asset trend (YoY)
End of year $558K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $995K · Expenses $929K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $558K
Net-asset ratio
Net assets $558K · Total assets $558K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $558K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mary Simon · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $929K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $640K · Total expenses $929K
69%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth 24%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$995K revenue · viewing · ⤓ 990 PDF
FY2023$799K revenue · ⤓ 990 PDF
FY2022$694K revenue · ⤓ 990 PDF
FY2021$690K revenue · ⤓ 990 PDF
FY2020$747K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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