Milestones Area Agency on Aging

Nonprofit profile at a glance

EIN
421321239
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Davenport, IA, USA
Phone
5633249085
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$5,852,565
Expenses
$5,470,993
Assets
$1,223,544
Liabilities
$1,389,510

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

Leadership & pay

9 people listed

Executive titles in this filing

  • BECKY PASSMAN (EXECUTIVE DIRECTOR (END 1/26))

Highest reported compensation

  • BECKY PASSMAN (EXECUTIVE DIRECTOR (END 1/26)): $98,739 total reported compensation
  • STEPHANIE NEWTON (FISCAL OFFICER): $79,513 total reported compensation

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

Overview

Mission

Milestones is dedicated to being the premier organization for assisting older iowans, adults with disabilities and their family caregivers to identify and access the services and resources needed to remain independent and self-sufficient.

What it reported doing in 2024

Home-delivered and congregate meals are among the agency's core services. The home-delivered nutrition program is designed for homebound individuals and provides a friendly check-in by meal delivery drivers. Congregate meals are provided at neighborhood meal sites to offer a hot meal meeting nutritional guidelines and facilitate socialization to reduce isolation. Nutrition education, health promotion activity, educational presentations, various health screenings, and social activities are also routinely provided. Older americans act nutrition programs are available to persons age 60+ and their spouses of any age. Evidence-based health promotion programs offer classes, information, and resources targeted to prevent debilitating falls and increasing well-being among older consumers so they can live safely and independently at home. The milestones nutrition program served 17,791 consumers a total of 261,824 meals in sfy 2025.

Operating model

Revenue model
Grant-funded. 71% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 36
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.7%; rating input score 87
  • Program expense ratio: 92.8%; rating input score 93
  • Fundraising efficiency: Limited

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: 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: 6.5%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 1.14; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: -3.3% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 0.1% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: -3.6% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 86.7% of revenue deployed · 92.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $5.1M in reported program spending
  • Leadership: top reported pay $99K · 9 people listed
  • Highest-paid contractors: 5 contractors listed · $1.3M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and related organizations
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.