Jefferson Area Board for Aging Inc

What it reported doing in 2024

Established in 1975 as a federally-mandated area agency on aging, the jefferson area board for aging (jaba) has served seniors, adults with disabilities and caregivers as a provider of information, services and advocacy throughout central Virginia. Our mission is to promote, establish and preserve sustainable communities for healthy aging that benefit individuals and families of all ages. To achieve our mission, jaba offers a wide range of services that help older adults and individuals with disabilities stay active in their communities and remain living at home for as long as possible, preventing or delaying the need for high-cost institutionalization in long-term care facilities. In 1986, jaba created jaba, inc., a 501(c)(3) non-profit, to raise funds from private sources to enhance our programs and serve the growing number of seniors in our area. Key programs include adult care centers, community senior centers, medicare and affordable care act (aca) insurance counseling, home delivered meals, information and assistance through our senior helpline, long-term care ombudsman program, health services and a vibrant volunteer program. Jaba, inc. Places top priority in serving those in greatest need, with particular attention to low income, minority and rural populations over the age of 60. Our services are provided regardless of ability to pay. During the current fiscal year we were able to assist over 16,000 individuals in our service area of charlottesville and albemarle, fluvanna, greene, louisa and nelson counties.

Financial Efficiency

• Mission deployment rate: 81.9%; rating input score 82
• Program expense ratio: 79.1%; rating input score 79
• Fundraising efficiency: $3.38 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• 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: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.1%; rating input score 45; 45th percentile among comparable filings
• Total-asset coverage ratio: 4.92; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 25.8%; rating input score 8; 8th percentile among comparable filings

Growth

• Program expense growth: -3.9% per year; rating input score 0; 6th percentile among comparable filings
• Revenue growth: -3.9% per year; rating input score 0; 4th percentile among comparable filings
• Asset growth: 2.2% per year; rating input score 100; 21st percentile among comparable filings