Options in Aging

Nonprofit profile at a glance

EIN
232003718
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Narberth, PA, USA
Phone
6106642544
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$254,534
Expenses
$302,065
Assets
$295,979
Liabilities
$7,005

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MICHAEL FLANAGAN MD PHD (PRESIDENT)
  • ELISSA BERARDI (OUTGOING EXECUTIVE DIRECTOR)
  • RICHARD STEIN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ELISSA BERARDI (OUTGOING EXECUTIVE DIRECTOR): $70,252 total reported compensation
  • RICHARD STEIN (EXECUTIVE DIRECTOR): $2,708 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of new horizons is to provide supportive programs and services enabling adults to live independently in their own homes, form meaningful connections with others and engage in lifelong learning.

What it reported doing in 2023

New horizon senior center has provided stimulating, nurturing and progressive programming for active adults in and around lower merion township for over forty years. We currently serve over 1,000 unduplicated seniors. Nhscs rich and varied programs fit into four broad categories (recreation & socialization, education, health & wellness, and supportive services) and are carefully designed to foster all aspects of wellness for seniors. Nhsc has a unique and successful volunteer-led program model which helps many of our own seniors to find meaning and purpose in retirement. They greatly enhance our capacity to serve! During this fiscal year, nhsc provided safe, grab and go nutritious lunches for senior citizens (age 60+) free of charge or by a pay if they can anonymous donation. During the on-going pandemic, we have offered a robust array of our programs remotely. We continue this safe modality as part of our service delivery. We provide a full array of remote programs and services -from computer tech support, aging support groups and private counseling, to book, discussion, and exercise groups. Staff and volunteers quickly re-deployed to maximize our capacity to provide remote support and train our seniors to participate. In addition to adding our well utilized grab and go meals program we have built safe hybrid programming (combining in-person, masked participation with broadcast to those seniors prefer to participate more safely from their homes.)

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: $12.48 raised per $1 spent on fundraising; rating input score 45; 45th 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: 100%; rating input score 100; 63rd 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: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -18.7%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 24.2%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 18.7% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.6% of spending went to programs
  • Governance: 6 of 6 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $265K in reported program spending
  • Leadership: top reported pay $70K · 8 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 16/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.