Golden Slipper Center for Seniors Inc

Nonprofit profile at a glance

EIN
232793956
IRS 990 coverage
2012–2022
Forms available
Form 990 2022
Location
Wynnewood, PA, USA
Phone
2158776667
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Centers

Reported finances

Revenue
$249,833
Expenses
$388,774
Assets
$51,176
Liabilities
$4,448

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • NEIL HAIMM (PRESIDENT)
  • MERLE HOLMAN (VICE PRESIDENT)
  • MICHAEL SIMON (VICE PRESIDENT)
  • MORIAH SIMONHAZANI (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MORIAH SIMONHAZANI (EXECUTIVE DIRECTOR): $53,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Golden slipper gems is organized for the purpose of inspiring older adults through personally-delivered programs and services that enhance wellbeing, inspire engagement and foster community. Gems operates at two major locations in Pennsylvania: in lower merion on the main line at adath israel synagogue and in bucks country at shir ami in newtown.

What it reported doing in 2022

Gems provides recreational activities including arts and crafts, music, games, dancing and exercise at its federation housing sites. It provides lifelong learning in the form of four, six and eight week courses on a wide variety of topics at its suburban sites. Gems also runs trips to local and other venues throughout the year so that is members can continue to enjoy travel.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 92
  • Accountability: 87
  • Sustainability: 11
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.6%; rating input score 86
  • Program expense ratio: 58.1%; rating input score 58
  • Fundraising efficiency: $6.93 raised per $1 spent on fundraising; rating input score 28; 28th 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: Limited

Accountability

  • Independent voting board: 95.5%; rating input score 95; 26th 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: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -55.6%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 13.8%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -8.6% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -3.8% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 85.6% of revenue deployed · 58.1% of spending went to programs
  • Governance: 21 of 22 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $226K in reported program spending
  • Leadership: top reported pay $54K · 22 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 11 filing years from 2012 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 4 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.

  • Review — Financial Efficiency: Program expense ratio scored 58/100.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.