Elder Options
Legal name: Mid Florida Area Agency on Aging Inc
Nonprofit profile at a glance
- EIN
- 591777567
- IRS 990 coverage
- 2018–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Gainesville, FL, US
- Phone
- 1-800-262-2243
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $36,676,819
- Expenses
- $35,826,177
- Assets
- $13,013,837
- Liabilities
- $5,895,668
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- RICHARD ESSECK (PRESIDENT)
Highest reported compensation
- KATINA MUSTIPHER (CHIEF EXEC O): $173,071 total reported compensation
- CHRISTOPHER JOHNSON (DIR. OF FINA): $98,809 total reported compensation
- LISA KANAREK (COO): $60,739 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Elder Options’ mission is to ensure that communities have a trusted and unbiased place to turn for information, resources, and assistance. We are committed to connecting older adults, adults with disabilities, and caregivers, to resources and support.
What it reported doing in 2025
Title iii d - this program provides for disease prevention and health promotion services including counseling and educational services for individuals and primary care givers; health promotion; physical fitness; education on availability of benefits and appropriate use of preventive services; education on medication management. Title iii e - this program allows for providing multifaceted systems of support services for: (1) family caregivers; and (2) grandparents or older individuals who are relative caregivers. Services to be provided include: information to caregivers about available services, assistance to caregivers in gaining access to the services; individual counseling, and caregiver training to caregivers to assist the caregivers in making decisions and solving problems relating to their caregiving roles; respite care to enable caregivers to be temporarily relieved from their caregiving responsibilities; and supplemental services, on a limited basis, to implement the care provided by caregivers. Title vii elder abuse - this program allows us to support activities to develop, strengthen, and carry out programs for the prevention, detection, assessment, and treatment of, intervention in, investigation of, and response to elder abuse, neglect, and exploitation (including financial exploitation). Emergency home energy assistance for the elderly - this program allows us to help low-income people meet the costs of home energy (defined as heating and cooling of residences), increase thier energy self-sufficiency, and reduce their vulnerability resulting from energy needs. A primary purpose is meeting immediate home energy needs. The target population is low-income households, especially those with the lowest incomes and the highest home energy costs or needs in relation to income, taking into account family size. Additional targets are low-income households with members who are especially vulnerable, including the elderly, persons with disabilities, and young children. Alzheimer's disease initiatives- alzheimer model day care must provide service delivery to persons suffering from alzheimer's disease or a related memory disorder and provide training for health care and social service personnel in the care of persons having alzheimer's disease or related memory disorders. In addition, alzheimer's disease initiative provides in- home, facility- based, emergency and extended care respite for caregivers of individuals 18 years or age or older that are diagnosed with, or suspected of having alzheimer's disease or a related disorder. Home care for the elderly - this program is to encourage the provision of care for people age 60 and older in family type living arrangements in private homes as an alternative to institutional or nursing home care. The program provides a basic subsidy averaging 160 a month to a caregiver for three or fewer elders living in a private home to provide basic services of maintenance and supervisiion, as well as coordinating other necessary specialized services.
Operating model
- Revenue model
- Grant-funded. 84% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 72% of its reported program spending out as grants.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 75
- Accountability: 100
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94%; rating input score 94
- Program expense ratio: 96.3%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 19th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- 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: 93%; rating input score 93; 31st 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; 64th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 2.3%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 87; 87th percentile among comparable filings
Growth
- Program expense growth: 8.8% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 8.7% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 10.9% per year; rating input score 100; 71st percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 16 operating locations identified
- Where the money goes: 94% of revenue deployed · 96.3% of spending went to programs
- Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $34.5M in reported program spending
- Leadership: top reported pay $173K · 15 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $369K reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 8 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 9 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.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 29/100.