Wise and Healthy Aging

Nonprofit profile at a glance

EIN
952788014
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Santa Monica, CA, USA
Phone
3103949871
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Health - General and Rehabilitative N.E.C.

Official website

Reported finances

Revenue
$10,104,175
Expenses
$9,759,099
Assets
$16,846,893
Liabilities
$1,446,847

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

Leadership & pay

26 people listed

Executive titles in this filing

  • MOLLY DAVIES (PRESIDENT & CEO)
  • RACHEL TATE (VICE PRESIDENT, OMBUDSMAN SERVICES)
  • ANAT LOUIS (VICE PRESIDENT, CARE MANAGEMENT)
  • NIKKI DAVIS (VICE PRESIDENT, PROGRAM ADMINISTRATION)

Highest reported compensation

  • MOLLY DAVIES (PRESIDENT & CEO): $273,543 total reported compensation
  • CHARLES HARDIE (CFO): $194,050 total reported compensation
  • RACHEL TATE (VICE PRESIDENT, OMBUDSMAN SERVICES): $170,419 total reported compensation

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

Overview

Mission

The organization is a multi-service, 501c(3) not-for-profit, social services organization serving seniors throughout los angeles and san bernardio counties, with emphasis on low-income and/or underserved individuals. The organization offers vitals support

What it reported doing in 2024

Elder abuse prevention program: protecting seniors from becoming victims of financial, physical, and/or emotional abuse through education and training to seniors and professionals. Field based wrap around services for elder abuse survivors in the greater long beach area. Services incude: case management, therapy, legal system, advocacy, and safety planning.aps center of excellence conducts weekly multidisciplinary meetings to consult and take action on the most egregious elder abuse cases brought by law enforcement, adult protective services and the ombudsman.congregate meals program: a weekday lunch program (called the diner) for santa monica senior residents offered at three locations throughout the city of santa monica (first floor ken edwards center, adc on second floor of ken edwards center and reed park).financial & health insurance counseling: weekly medicare insurance counseling (via hicap), and an aarp tax-aid program to help with income tax preparation during tax season.benefit enrollment: the center helps to identify and enroll eligible santa monica seniors into various public benefits programs. The streamlined process assists them to obtain needed prescription medications, medical care, food and utilities savings.the club: a membership program for older adults , age 50-plus on the westside and virtually. Located on the first floor of the ken edwards center (weekdays), the club offers recreational and enrichment programming. The goal is to help residents reduce social isolation and engage in social activities, exercise classes and other life-long learning opportunities.

Operating model

Revenue model
Grant-funded. 76% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 79
  • Accountability: 97
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.5%; rating input score 89
  • Program expense ratio: 85.5%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • 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: 95%; rating input score 95; 28th 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: 3.4%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 1.73; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 11.9%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 3.9% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 89.5% of revenue deployed · 85.5% of spending went to programs
  • Governance: 19 of 20 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $8.3M in reported program spending
  • Leadership: top reported pay $274K · 26 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $179K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 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.
  • 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 48/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.