Council on Aging of Volusia County Inc

Nonprofit profile at a glance

EIN
591160221
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Daytona Beach, FL, USA
Phone
3862534700
Rating
91
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$9,620,020
Expenses
$9,635,034
Assets
$7,141,422
Liabilities
$6,180,988

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

Leadership & pay

19 people listed

Executive titles in this filing

  • TERRI KAROL (CO-EXECUTIVE DIRECTOR & CFO)
  • EVELINE KRALJIC (CO-EXECUTIVE DIRECTOR)

Highest reported compensation

  • TERRI KAROL (CO-EXECUTIVE DIRECTOR & CFO): $136,848 total reported compensation
  • EVELINE KRALJIC (CO-EXECUTIVE DIRECTOR): $120,994 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 provide leadership, advocacy, critical support services and an administrative organization on behalf of older persons in volusia county, Florida, with the purpose of assuring to them the maximum possible independence, dignity and personal welfare.

What it reported doing in 2024

Older americans act - under the older americans act legislation, u.s. Residents over 60 years of age are eligible for services with priority given to the people with the most economic and social need. These services include congregate and home delivered meals, nutrition education, homemaking, personal care, material aid, transportation, in-home and in-facility respite, caregiver training and support, information, referral, outreach, education and counseling.community care for the elderly - the state of Florida general revenue program provides in-home services for clients over 60 years of age who have been assessed functionally impaired by trained case managers. This program includes follow-up visits and provides links to other community services. These services include case management, homemaking, personal care, respite, adult day care, meals, emergency alert response systems, medical transportation, material aid and pest control.alzheimer's disease initiative - the state funded program provides respite care services, including in-home services and home delivered meals for the victims of alzheimer's disease and provides training for caregivers of these victims.home care for the elderly - the goal of the hce program is to encourage the provision of care for elders in family-type living arrangements in private homes as an alternative to institutional care. The program encourages caregivers to provide, on a not-for-profit basis, basic support and maintenance, as well as assistance in arranging specialized services for elderly relatives or non-relatives. Case management and subsidy payments are available to qualified caregivers and/or vendors on behalf of eligible clients.

Operating model

Revenue model
Grant-funded. 86% of the money available for current operations came from government grants.
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.
  • 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.3%; rating input score 93
  • Program expense ratio: 92.6%; rating input score 93
  • Fundraising efficiency: $66.8 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.2%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 93.3% of revenue deployed · 92.6% of spending went to programs
  • Governance: 17 of 17 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $8.9M in reported program spending
  • Leadership: top reported pay $137K · 19 people listed
  • Highest-paid contractors: 5 contractors listed · $2.9M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.