Eldercircle

Nonprofit profile at a glance

EIN
411994691
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Grand Rapids, MN, USA
Phone
2189999233
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$813,806
Expenses
$914,596
Assets
$1,133,619
Liabilities
$256,657

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

Leadership & pay

12 people listed

Executive titles in this filing

  • DANIEL FOSTER (PRESIDENT)

Highest reported compensation

  • AMY YOST (EXECUTIVE DI): $45,771 total reported compensation

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

Overview

Mission

Empower older adults to maintain active living & healthy independence by providing services, resources & referrals so they may remain in their homes longer

What it reported doing in 2024

Lawn mowing & snow removal provides assistance for lawn mowing and snow removal for persons 60+ who qualify within income guidelines. Eldercircle maintains a reliable list of providers. Expenses 45,418. Including grants of 31,120. Revenue 64,560. Assisted transportation volunteer drivers provide transportation to/from medical appointments anywhere in Minnesota for individuals 60+. Transportation is crucial to ensure access to essential services and the availability of transportation options greatly affects quality of life, including the ability to remain in one's home and stay connected to the community. Expenses 76,437. Including grants of 0. Revenue 11,919. Guardianship eldercircle serves as dedicated trained court-appointed guardians for individuals 50+ who need help making daily life decisions. Most wards have no family, or family is not the best choice, and have been found unable to make daily decisions for themselves. Eldercircle does not provide any financial conservatorships. Expenses 22,191. Including grants of 0. Revenue 0. Health & wellness provides evidence based programming and outreach through a variety of classes, such as matter of balance, chronic disease, self-management, living well with chronic pain, living well with chronic conditions, bone builders and diabetes class. Expenses 26,334. Including grants of 0. Revenue 0. Grocery shopping & delivery a weekly service that offers grocery shopping and delivery for anyone (no age or income guidelines) long term or for short term recovery so adults can remain living independently in their homes. Offered in bigfork, grand rapids, and deer river and nashwauk areas. Expenses 12,558. Including grants of 0. Revenue 0. Support groups eldercircle offers multiple support groups. Support groups are for caregivers of an ailing parent, child, spouse, or other individuals of any age who are likely facing a variety of new responsibilities, many of which are unfamiliar or intimidating. At times, caregivers often feel overwhelmed and alone, and this support group is a safe place to discuss concerns. These groups meet through out itasca and northern st louis county. Expenses 19,380. Including grants of 0. Revenue 0. Community planning & care integration project this project developed a web based platform call all about aging. All about aging is a resource network that helps people find and connect with programs, services and support groups in their communities. This web based program also allows for sending secure, hippa compliant referrals. Expenses 66,265. Including grants of 0. Revenue 0. Other accomplishments active living space is a space focused on developing, maintaining and promoting a wide variety of older adult programming and activities, including multigenerational activities. It is a collaborative space with the city of grand rapids, itasca county ymca and eldercircle. Committee on aging is a coordinated monthly meeting comprised of members from senior centers throughout itasca county. These meetings rotate at different senior centers and speakers focus on aging issues and concerns. The members that attend bring the information back to each center to share. Aging network is a bi-monthly meeting that bring professional together who serve people 55+. Aarp tax aid is a free tax assistance and preparation for low-to- middle income families and individuals of all ages. Although special attention is given to those ages 60 and older, the service is open to members of the community of any age, and aarp membership is not required.

Operating model

Revenue model
Grant-funded. 61% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 96% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 31
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.6%; rating input score 93
  • Program expense ratio: 82.2%; rating input score 82
  • Fundraising efficiency: $18.91 raised per $1 spent on fundraising; rating input score 57; 57th 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: 100%; rating input score 100; 76th 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; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -12.4%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 1.24; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: -1.8% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 92.6% of revenue deployed · 82.2% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $751K in reported program spending
  • Leadership: top reported pay $46K · 12 people listed
  • Consistency: 35 of 35 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Sustainability: Operating margin scored 14/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 53/100.