Area Five Agency on Aging & Community Services

Nonprofit profile at a glance

EIN
237444508
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Logansport, IN, USA
Phone
5747224451
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$12,140,098
Expenses
$11,253,617
Assets
$6,164,276
Liabilities
$2,361,970

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

Leadership & pay

17 people listed

Executive titles in this filing

  • CHARLES R LADOW (EXECUTIVE DIRECTOR)
  • CHAD HIGGINS (PRESIDENT)
  • TERRI SMITH (VICE PRESIDENT)

Highest reported compensation

  • CHARLES R LADOW (EXECUTIVE DIRECTOR): $167,934 total reported compensation
  • MELISSA HARDY (CHIEF FINANCIAL OFFICER): $110,728 total reported compensation

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

Overview

Mission

Area five agency on aging and community services' mission is to provide programs & services that will benefit low income, disadvantaged & older persons. We serve our mission in cass, fulton, howard, miami, tipton, and wabash counties in Indiana.

What it reported doing in 2024

Housing and development programarea five agency on aging & community services has led economic and community development throughout our service region by creating housing and commercial real estate projects tailored to local needs. Our projects are built on innovation, collaboration, and compassion, ensuring that every initiative strengthens the communities we serve.area five has developed more than 300 units of rental housing and more than 30 homeownership opportunities. These projects range from single-family homes to large apartment complexes and are designed to serve special populations, including senior citizens, individuals with mental illness, and persons with disabilities.we also implement the housing choice voucher program (hcv) for cass, howard, grant, miami, and wabash counties assisting clients with locating housing that participates in the hcv program and providing the benefit to the landlords. Beyond housing, the agency has invested in community spaces that enhance quality of life, including senior centers, historic preservation projects such as libraries, and downtown streetscape improvements. Each project is a partnership that brings together financial institutions, funding agencies, and local organizations. Many of these initiatives have served as statewide and regional models for innovative community development.revenues generated from these projects are reinvested into area five's programs, allowing the agency to expand essential services and reach more residents across all areas of its mission.energy assistance program (eap)the energy assistance program supports income-eligible households, particularly seniors, individuals with disabilities, and those facing utility disconnection during the cold winter months. Serving cass, howard, miami, tipton, and wabash counties, the program ensures families stay safe and warm by providing assistance with energy costs. The eap program includes an educational component that helps clients reduce energy consumption through simple, low-cost, or no-cost methods.

Operating model

Revenue model
Grant-funded. 90% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 73
  • Accountability: 95
  • Sustainability: 47
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89%; rating input score 89
  • Program expense ratio: 95.9%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 24th 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: 7.3%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 0.55; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 2.7% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 1.3% per year; rating input score 100; 13th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 89% of revenue deployed · 95.9% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $10.8M in reported program spending
  • Leadership: top reported pay $168K · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $965K reported
  • Consistency: 39 of 40 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.