Civic Intelligence

Senior Services Inc.

990 • Fiscal year 2017 • EIN 56-1085968

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 20, 2017

2895 Shorefair DriveWinstonsalem, NC 27105-4237

(336) 725-0907

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.04x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.08x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Net Margin

11th percentile

-7.8%

Higher net margin than 11% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$264,616

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2017 filings • NTEE P • $10M-$25M nonprofits • Source year 2017

Asset Growth

13th percentile

-4.9%

Faster asset growth than 13% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-29%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$13,398,040

Down $690,323 (-4.9%) from 2016

Net Assets

Down

$12,887,300

Down $443,614 (-3.3%) from 2016

Liabilities

Down

$510,740

Down $246,709 (-33%) from 2016

Revenue

Down

$6,434,496

Down $2,666,017 (-29%) from 2016

Expenses

Up

$6,935,007

Up $331,156 (+5.0%) from 2016

Net Income

Down

-$500,511

Down $2,997,173 (-120%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $12,292,792Liabilities 2011: $440,284Net Assets 2011: $11,852,5082011Assets 2012: $12,878,981Liabilities 2012: $479,173Net Assets 2012: $12,399,8082012Assets 2013: $12,140,685Liabilities 2013: $529,133Net Assets 2013: $11,611,5522013Assets 2014: $12,104,184Liabilities 2014: $554,430Net Assets 2014: $11,549,7542014Assets 2015: $11,507,919Liabilities 2015: $639,956Net Assets 2015: $10,867,9632015Assets 2016: $14,088,363Liabilities 2016: $757,449Net Assets 2016: $13,330,9142016Assets 2017: $13,398,040Liabilities 2017: $510,740Net Assets 2017: $12,887,3002017Assets 2018: $12,097,428Liabilities 2018: $527,593Net Assets 2018: $11,569,8352018Assets 2019: $10,620,451Liabilities 2019: $577,581Net Assets 2019: $10,042,8702019Assets 2020: $10,444,290Liabilities 2020: $1,505,665Net Assets 2020: $8,938,6252020Assets 2021: $9,654,055Liabilities 2021: $491,516Net Assets 2021: $9,162,5392021Assets 2022: $22,278,206Liabilities 2022: $5,608,051Net Assets 2022: $16,670,1552022Assets 2023: $31,691,802Liabilities 2023: $3,712,747Net Assets 2023: $27,979,0552023Assets 2024: $31,586,280Liabilities 2024: $989,508Net Assets 2024: $30,596,7722024Assets 2025: $32,570,453Liabilities 2025: $694,490Net Assets 2025: $31,875,9632025

Highlighted filing

2017

Assets$13,398,040
Liabilities$510,740
Net Assets$12,887,300

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $6,764,804Expenses 2011: $5,574,065Net Income 2011: $1,190,7392011Revenue 2012: $6,072,222Expenses 2012: $5,599,245Net Income 2012: $472,9772012Expenses 2013: $5,683,0852013Revenue 2014: $5,552,891Expenses 2014: $5,743,661Net Income 2014: -$190,7702014Revenue 2015: $5,353,679Expenses 2015: $6,016,632Net Income 2015: -$662,9532015Revenue 2016: $9,100,513Expenses 2016: $6,603,851Net Income 2016: $2,496,6622016Revenue 2017: $6,434,496Expenses 2017: $6,935,007Net Income 2017: -$500,5112017Revenue 2018: $5,369,984Expenses 2018: $6,716,766Net Income 2018: -$1,346,7822018Revenue 2019: $5,522,915Expenses 2019: $7,075,607Net Income 2019: -$1,552,6922019Revenue 2020: $6,221,825Expenses 2020: $7,306,650Net Income 2020: -$1,084,8252020Revenue 2021: $7,354,586Expenses 2021: $7,179,759Net Income 2021: $174,8272021Revenue 2022: $15,636,681Expenses 2022: $8,040,102Net Income 2022: $7,596,5792022Revenue 2023: $19,662,854Expenses 2023: $8,400,835Net Income 2023: $11,262,0192023Revenue 2024: $11,759,382Expenses 2024: $9,220,523Net Income 2024: $2,538,8592024Revenue 2025: $10,545,508Expenses 2025: $9,334,089Net Income 2025: $1,211,4192025

Highlighted filing

2017

Revenue$6,434,496
Expenses$6,935,007
Net Income-$500,511
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 20, 2017
Return Version
2016v3.0
Gross Receipts
$7,295,890
Mission and Program Overview

Mission

The mission of senior services, inc. Is to help older adults remain at home as long as possible and to help them live with dignity. With concern for those who care for senior adults, we also help caregivers through services and education that will benefit them. Individuals who cannot afford to pay for services are of special concern to senior services and receive assistance to every extent possible through philanthropic contributions and available public funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,965,292$6,063,797▲ $98,505
Investments Other Securities$3,843,540$3,390,654▼ $452,886
Pledges and Grants Receivable$2,586,184$2,300,553▼ $285,631
Savings and Temporary Cash Investments$251,338$905,846▲ $654,508
Accounts Receivable$299,591$351,877▲ $52,286
Cash and Non-Interest-Bearing Accounts$993,218$215,442▼ $777,776
Prepaid Expenses and Deferred Charges$122,514$140,678▲ $18,164
Inventories for Sale or Use$26,686$29,193▲ $2,507
Total Assets$14,088,363$13,398,040▼ $690,323
Liabilities
Accounts Payable and Accrued Expenses$718,574$406,360▼ $312,214
Other Liabilities$24,428$91,377▲ $66,949
Deferred Revenue$14,446$13,003▼ $1,443
Total Liabilities$757,448$510,740▼ $246,708
Net Assets / Fund Balance
Unrestricted Net Assets$7,456,585$7,351,705▼ $104,880
Temporarily Rstr Net Assets$5,874,330$5,535,595▼ $338,735
Total Net Assets Fund Balance$13,330,915$12,887,300▼ $443,615
Total Liabilities and Net Assets / Fund Balance$14,088,363$13,398,040▼ $690,323

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,885,904$1,969,315$5,855,219
Land$1,700,000-$1,700,000
Equipment$477,893$1,157,632$1,635,525
Leasehold Improvements-$95,057$95,057
Other Securities$26,263--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$771,519$325▲ $72,352$22,500$787,266
2015$1,003,624$4,228▼ $17,725$184,004$771,519
2014$875,070$164,529▲ $21,220$22,500$1,003,624
2013$850,104$6,521▲ $106,402$54,500$875,070
2012$846,816$31,950▲ $58,039$55,250$850,104
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard GottliebPres/CEO RetFT$198,086$66,530$264,616
Richard GottliebPres/CEO Retire 1/17-$198,086$66,530$264,616
T Lee CovingtonPresident/ceFT$112,925$27,674$140,599
Laura VaughanVP of FinancFT$77,746$12,544$90,290
Revenue and Support

Revenue Composition

Contributions and Grants
$3,943,181
Program Service Revenue
$2,407,518
Investment Income
$88,057
Other Revenue
$-4,260
All Other Contributions
$2,849,125
Change in Net Assets
$-500,511

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$85,514Fair Market Value
Securities Publicly Traded14$46,593Fair Market Value
Cars and Other Vehicles4$3,450Fair Market Value
Total Noncash Contributions18$135,557-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,664,165
Other Expenses$2,210,842
Total Fundraising Expense$534,523
Professional Fundraising Fees$60,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,930,322$20,185$276,412$3,226,919
Other Employee Benefits$504,501$13,939$25,996$544,436
Current Officers, Directors, Trustees, and Key Employees$331,383$116,648$53,039$501,070
Payroll Taxes$237,727$15,783$22,637$276,147
Depreciation Depletion$208,230$6,475$7,791$222,496
Fees for Services Other$196,695$1,773$10,959$209,427
Occupancy$193,645$5,943$5,939$205,527
Office Expenses$109,932$2,146$21,445$133,523
Advertising$97,038$15,764$16,636$129,438
Pension Plan Contributions$101,505$1,278$12,810$115,593
Travel$79,897$257$201$80,355
Fees for Services Professional Fundraising--$60,000$60,000
Insurance$49,646$1,654$331$51,631
Fees for Services Accounting$20,759$15,989$2,786$39,534
All Other Expenses$11,975$3,108$1,301$16,384
Other Expenses$15,645$4,352$12,418$15,645
Information Technology$13,959$410$614$14,983
Conferences and Meetings$12,032$2,089$634$14,755
Total Functional Expenses$6,172,197$228,287$534,523$6,935,007
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$136,921
Fundraising Gross Income$70,896
Professional Fundraising Fees$60,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Community Event$89,658-$1,866-
Auction$357,356$69,996$29,042$40,954
Total Events$557,011$70,896$136,921$-66,025
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Phone Lease Obligation$75,205
Copier Lease Obligation$16,172
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Senior services inc's form 990 is completed by the organization's external auditors with assistance and review by the organization's vice president of finance. The final draft is delivered to senior services for review and approval by management and the audit committee following the review of the annual audit. After the 990 is finalized, the entire board of directors will receive a copy of the full final form 990, excluding schedule b (to protect donor confidentiality), which will be distributed either by secure email or at the late november/early december meeting of the full board of directors. Following the board meeting, the auditor- signed form 990 will be delivered to senior services for signature by the organization's president and ceo. The vp of finance will mail the form to the irs via certified mail.

Form 990, Page 6, Part VI, Line 12C

On an annual basis, all officers and directors, president and ceo and employees will make a written disclosure to the chief operating officer, president and ceo and the chair of the board of all potential conflicts of interest. The accounting dept prepares and distributes a list of vendors with whom the organization has transacted business at any time during the preceding year along with a copy of the disclosure statement. The chief operating officer will review and approve the list of vendors prior to distribution. The chief operating officer will review all disclosure statements completed by employees and the chair of the board will review all disclosure statements completed by directors and the president and ceo and determine appropriate resolution in accordance with the procedure in the fiscal operating policy.

Form 990, Page 6, Part VI, Line 15A

Prior to the annual performance review, the president and ceo provides a written overview of the key events, actions and accomplishments of senior services during the previous year to the executive compensation committee. The committee consists of the chair, vice chair, chair elect, immediate past chair, and the treasurer of the board of directors. In establishing a recommendation for compensation, the committee reviews compensation comparability factors obtained from the irs form 990 of similar local nonprofit organizations and/or credible salary survey data as well as the president and ceo's written overview. A member of the committee presents the recommended compensation package to the board of directors during a subsequent executive session for approval. This action will be recorded and the notes from the executive session placed in the president and ceo's personnel file.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Senior Services Inc
EIN
56-1085968
Phone
3367250907
Address
2895 SHOREFAIR DRIVE, WINSTONSALEM, NC 27105-4237

Signing Officer

Name
T Lee Covington
Title
President/CEO
Phone
3367250907
Signed
2017-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
T Lee Covington
Formed
1974
Legal Domicile
Nc
Voting Board Members
30
Independent Board Members
30
Employees
142
Volunteers
1,621

Preparer

Firm
Cannon & Company Llp
Address
2160 COUNTRY CLUB RD, WINSTONSALEM, NC 27104-4208
Preparer
Richard J Tamer
Phone
3367250635
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of senior services, inc. Is to help older adults remain at home as long as possible and to help them live with dignity. With concern for those who care for senior adults, we also help caregivers through services and education that will benefit them. Individuals who cannot afford to pay for services are of special concern to senior services and receive assistance to every extent possible through philanthropic contributions and available public funds.

Form 990, Page 2, Part III, Line 4D

Living at home: 230 "high risk" elders were able to remain living at home through specialized packages of services coordinated by nurses and social workers of senior services. This "nursing home without walls" approach is less expensive and preferred by seniors. An estimated 357,286 in-home service hours and 40,032 baths were arranged for by our case managers and provided indirectly as a result of this medicaid program. Aging resources: specialists in aging answered 9,160 information and assistance questions of seniors or family caregivers. Senior lunch: 13,216 hot lunches were served to 173 older adults at four congregate nutrition sites in forsyth county. In addition to lunch, participants benefitted from informational and entertaining programs and regular socialization. Aging with purpose: 218 older adults participated in a pilot project focused on alleviating loneliness, helplessness, and boredom through connecting them with opportunities for meaningful activities tied to their strengths and interests. 49 living histories were written, 100 outcome/impact assessments and 122 reassessments were done, and approximately 6,351 telephone reassurance calls were made by volunteers. 6 staff and 4 community members were also trained in the "eden at home" model.

Form 990, Part XI, Line 9

DONATED SERVICE -4,578

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The intended uses for the endowment funds are for operations and scholarships for services.

Schedule D, Page 3, Part X

The organization is an exempt organization under section 501(c)(3) of the united states internal revenue code. The organization is subject to income tax on unrelated business income. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization's forms 990, return of organization exempt from income tax, and federal exempt organization business income tax returns (form 990t) for 2016, 2015, and 2014 are subject to examination by the irs, generally for three years after they are filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30PRES/CEO RET
IRS990/Form990PartVIISectionAGrp/TitleTxt31PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt32VP OF FINANC
IRS990/Form990PartVIISectionAGrp/TitleTxt33COO AT 1/201
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$32.6$0.69$31.9$10.5$9.33$1.21
2024Detailed filing. Detailed filing data is available for this year.$31.6$0.99$30.6$11.8$9.22$2.54
2023Detailed filing. Detailed filing data is available for this year.$31.7$3.71$28.0$19.7$8.40$11.3
2022Detailed filing. Detailed filing data is available for this year.$22.3$5.61$16.7$15.6$8.04$7.60
2021Detailed filing. Detailed filing data is available for this year.$9.65$0.49$9.16$7.35$7.18$0.17
2020Detailed filing. Detailed filing data is available for this year.$10.4$1.51$8.94$6.22$7.31$1.08
2019Detailed filing. Detailed filing data is available for this year.$10.6$0.58$10.0$5.52$7.08$1.55
2018Detailed filing. Detailed filing data is available for this year.$12.1$0.53$11.6$5.37$6.72$1.35
2017Detailed filing. Detailed filing data is available for this year.$13.4$0.51$12.9$6.43$6.94$0.50
2016Detailed filing. Detailed filing data is available for this year.$14.1$0.76$13.3$9.10$6.60$2.50
2015Summary only. Only limited summary data is available for this year.$11.5$0.64$10.9$5.35$6.02$0.66
2014Detailed filing. Detailed filing data is available for this year.$12.1$0.55$11.5$5.55$5.74$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.53$11.6$5.68
2012Summary only. Only limited summary data is available for this year.$12.9$0.48$12.4$6.07$5.60$0.47
2011Summary only. Only limited summary data is available for this year.$12.3$0.44$11.9$6.76$5.57$1.19