Aging Services Inc

Nonprofit profile at a glance

EIN
237085316
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Hiawatha, IA, USA
Phone
3193983634
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Centers

Reported finances

Revenue
$3,578,065
Expenses
$3,070,447
Assets
$13,342,567
Liabilities
$498,388

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • CASEY GREENE (BOARD MEMBER & MARKET PRESIDENT)
  • KATHLEEN HORAN TO 0324 (PRESIDENT & CEO)
  • KATHY JOHNSON (PRESIDENT ABBEHEALTH)
  • MICHELLE NIERMANN TO 0723 (FORMER SLMH PRES/CEO)

Highest reported compensation

  • MICHAEL HEINRICH TO 0323 (FORMER EXEC VP FINANCE/CFO): $1,054,804 total reported compensation
  • MICHELLE NIERMANN TO 0723 (FORMER SLMH PRES/CEO): $942,883 total reported compensation
  • CASEY GREENE (BOARD MEMBER & MARKET PRESIDENT): $508,950 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance the lives of older adults by providing services and resources to assist them in remaining independent.

What it reported doing in 2024

Milestones & pathways adult day health centers served 508 consumers and caregivers by providing adult day services to health-challenged individuals who may require support, supervision, and structure to remain as independent as possible. Without these programs, individuals would be forced to move to nursing homes or other care facilities at a much higher cost. Resource & referral served 1343 older adults by coordinating services that allowed them to remain in their own homes in the community. Wellness & outreach provided 24 activities and programs for 1180 active older adults. These programs are designed to assist in maintaining optimal physical, mental, and social well-being and function in older adults. The home accessibility & repair program completed 2015 projects including lawn mowing, snow removal and minor home repairs for 156 low-income older adults on a sliding fee scale which keeps property owners in compliance with city regulations and allows seniors to remain safely at home.volunteer services provided 2,010 rides to 275 older adults so that they were able to get to and from essential medical appointments and errands to prevent health decline and ensure safety on the road.

Operating model

Revenue model
Earned-program. 79% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 65
  • Accountability: 87
  • Sustainability: 68
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.6%; rating input score 74
  • Program expense ratio: 86.1%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 17th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.2%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 4.35; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 12.7%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -3.7% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 73.6% of revenue deployed · 86.1% of spending went to programs
  • Governance: 11 of 13 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.6M in reported program spending
  • Leadership: top reported pay $1.1M · 18 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 79 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 23/100.